When a company walks its talk, it can be encouraging to investors. Spintronics technology expert, NVE Corporation (NASDAQ:NVEC), is walking its talk.
Some have been concerned NVE may be too small or its efforts too limited to be increasingly effective in its key markets. The company assured change was afoot in its fiscal 2019 year-end earnings call.
"With the new smart sensors, we're stepping up our promotional efforts."
The topic was hot again in the most recent earnings call.
Smart Sensors
The past 12 months have been a transformational period for NVE Corporation as it introduced smart sensor product lines. A "smart" sensor is not simply electronics. These products have embedded software, include analog to digital conversion and have digital interfaces facilitating connectivity.
In August 2018, NVE launched the world's first TMR (tunneling magnetoresistance) smart magnetometer. In early December, it introduced a smart GMR (giant magnetoresistance) magnetometer used to sense proximity or currents. On the first business day of 2019, NVE announced the availability of the world's first TMR smart angle sensor featuring both speed and precision. In May, it launched a TMR smart magnetometer for measuring proximity or AC current.
An Industrial Transformation
The IoT (Internet of Things) is considered the fourth industrial revolution. This iteration adopts smart sensors and is in the explosive infancy stage.
"The collection of data, whether from smart home devices, connected cars or wearables, is the very foundation of the Internet of Things (IoT) and this rests upon the deployment of sensors."
Likewise, in the industry, an Industrial Internet of Things (IioT) is blossoming.
"It's transforming the backbone of major industries by adding a new layer of technology that helps companies optimize operations, track and analyze equipment, implement predictive maintenance, make sense of massive amounts of data, and make real-time decisions that were never before possible."
