Technipower Systems, Inc.(fka TECZ)

[joyceschoice]

I think the original offer for Technipower was too low. Approximately what SOLM paid for the company in 2006. It continues to get contracts and has recently introduced a new product line. So I have to ask myself why would SOLM sell Technipower unless the sale price would give them quite a bit of breathing room? Seems like Techipower should be worth at least 50% more than the offer. And there is the issue of a corporate name change to Technipower looming.

I'd like to see some significant contract news.


From the 9/08 quarterly filing:

"The increase in our revenues is attributable principally to improved results of our Power Electronics Division, including the introduction by Technipower of its Cobalt15 line of power solutions to enhance its legacy product lines, and the addition to this Division of Deltron’s revenues. We believe that revenue of the Power Electronics Division will continue to equal or exceed those of previous quarters."