ConectiSys (CNES) Receives FCC Certification for their 8C-BaseStation Utility System Staff Reporter March. 04, 2006 - 12:10 PM EDT
NEW YORK (WSNC) - March. 04, 2006--ConectiSys Corporation (OTC: CNES) received certification from the Federal Communications Commission (FCC) for their H-Net™ 8C-BaseStation network equipment, part of their wireless Automatic Meter Reading (AMR) system, for commercialization and sales for both the residential and commercial utility markets.
On July 19, 2005, ConectiSys (CNES) submitted their 8-C BaseStation to the Federal Communications Commissions (FCC) for product certification, but approval was delayed due the complex nature of the system. Now with FCC grant approval complete for both their H-Net 8C BaseStation and MeterSystem, this may position ConectiSys to begin the commercialization of their wireless automated utility meter reading system.
What is the H-Net™ MeterSystem?
Many people may already be aware of utility meters that read the usage of electricity and gas consumption in ones home or place of business. (see photo right) With energy costs becoming more of a factor these days, the H-Net system would now allow both individual and businesses the ability to monitor their energy consumption to control soaring energy costs.
The H-Net core is a unique proprietary architecture that allows for two-way communications between the advanced MeterSystem and the C-NES Network Operation Center (NOC). The NOC displays real-time consumption data, 4 times an hour, 24 hours a day, via the Internet at traditional cost; all within a wireless, tower-less private network.
All Eyes Look to Tuesday (March 7, 2006)
CNES closed the week on strong volume of 1.2 billion shares traded to a high of $0.0019 on anticipation of their monthly report to investors due for release on Tuesday, March 7th, 2006. Short-term investors are looking for indications that the company is ready to hit the market to begin selling their automated utility meter, as long-term investors seek some indications to the long term outlook of the potential market for such a device.
The company had been lacking in the area of public information to the investment community over the past several months, possibly due to the review process with the FCC, but many investors will look to see if this final approval may be the start of a more comprehensive investor and marketing campaign from the company.
Investors should be aware of the that CNES has a large number of shares issued and outstanding, and that the company may still need to raise additional financing for marketing and production for commercial sales. But, with a market cap of only around $19 million, ConectiSys could find their market cap increasing rapidly once the company begins sales and operations within the US, or globally as energy costs continue to rise into 2006.
To get a better indication of the potential market for this product, some investors may want to look at Progress Energy and their installation of millions of remote radio utility meters in the Raleigh, NC area. (http://www.newsobserver.com/104/story/413538.html)
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