Elecsys Corporation (ESYS) sells M2M (machine to machine) communication solutions as well as Electronic Manufacturing Services (EMS), where it acts as a contract manufacturer. Very recently, ESYS has enjoyed strong revenue and earnings growth from both of its segments. If this growth were to persist, ESYS would be very attractively valued and would enjoy the benefits of a very attractive story as well, given the strong prospects for M2M communication solutions.
ESYS business is divided into two large segments:
- Electronic Manufacturing Services , where ESYS acts as a contract manufacturer and;
- Proprietary products, which include M2M communication solutions used in remote monitoring and messaging services, ultra-rugged handheld computers, peripherals, maintenance contract revenues and