Manaris (AVNY)

[jmack3265]

walterc: After doing some quick due diligence it appears that Manaris's success is incumbent on Avensys division and in particular, Avensys's acquisition of ITF Labs. As you probably know they are in a highly competitive field with respect to optical components and competing against some very large players. So the question becomes:

1. How does Manaris/Avensys compete?
2. What are the chances of success?

IMO, in order for Manaris to compete in this environment they have to be extremely inovative and produce components that will have significant demand, patent protected with reasonable margins and quick pay back on R&D expenses. They appear to be doing research and development in a particularly interesting area of Ultra Wide Band (UWB) with product such as "Low-Loss S-, C- and L-band Differential Phase Shift Keying Demodulator". They are also active in low power applications and high power laser apps. What the heck does that mean you ask LOL!

"Due to the extremely low emission levels currently allowed by regulatory agencies, UWB systems tend to be short-range and indoors. However, due to the short duration of the UWB pulses, it is easier to engineer extremely high data rates, and data rate can be readily traded for range by simply aggregating pulse energy per data bit using either simple integration or by coding techniques. Conventional OFDM technology can also be used subject to the minimum bandwidth requirement of the regulations. High data rate UWB can enable wireless monitors, the efficient transfer of data from digital camcorders, wireless printing of digital pictures from a camera without the need for an intervening personal computer, and the transfer of files among cell phone handsets and other handheld devices like personal digital audio and video players.

UWB is used as a part of LOCATION SYSTEMS and REAL TIME location systems. The precision capabilities combined with the very low power makes it ideal for certain radio frequency sensitive environments such as hospitals and healthcare. Another benefit of UWB is the short broadcast time which enables implementers of the technology to install orders of magnitude more transmitter tags in an environment relative to competitive technologies. USA based Parco Merged Media Corporation was the first systems developer to deploy a commercial version of this system in a Washington, DC hospital.

UWB is also used in "see-through-the-wall" precision radar imaging technology, precision positioning and tracking (using distance measurements between radios), and precision time-of-arrival-based localization approaches. [1] It exhibits excellent efficiency with a spatial capacity of approximately 10,000,000,000,000 bit/s/m².[citation needed]

UWB is a possible technology for use in PERSONAL AREA NETWORKS and appears in IEEE 802.15.3a draft PAN standard.

Essentially walter what this means is supplying optical components for short range applications such as tracking, monitoring, possible residential wireless networks bringing Voice-Vidio-Data together phone, TV, computer interactive and controlled by one device. Avensys/IFT are working on a number of optical components so it comes down to whether the components they bring to market will be unique, readily accepted and significant demand.
http://www.itflabs.com/ITFLabs/Articles.php?locale=en&Type_No=11

Manaris's success is dependent on two major factors.

1. Increasing demand for Avensys/ITF components with significant technology break throughs, enhancements and the ability to meet those demands if they were to occur.

2. CEO Fraser has to continue to execute and in particular clean up the debt structure IE convertible debt and tie up the lose ends on lines of credit. It would appear he is in the process and making headway and I would suspect that the next Q report should be very revealing and address these two points.

Just like TXP Manaris is essentially a startup company that is positioning itself in a potentially lucrative market but has to pay close attention to debt.