A deal agreed in a far-off nation was the spark that ignited chemical evaluation gadget maker 908 Gadgets (MASS -2.56%) this week. The corporate’s inventory burned scorching, ending the interval over 18% increased in value, in accordance with information compiled by S&P World Market Intelligence.
A Central European deal
Earlier than market open on Wednesday, 908 Gadgets introduced — little doubt fortunately — that the Romanian Customs Authority has deployed 27 of the corporate’s MX908 units all through its group.
Picture supply: Getty Pictures.
These are handheld machines that pack refined chemical evaluation capabilities; the corporate claims they will establish a spread of chemical substances in a matter of seconds. In line with 908 Gadgets, this provides customers the flexibility to detect even hint quantities of compounds on surfaces reminiscent of car exteriors and containers.
The corporate stated it delivered all 27 MX908s to the central European nation earlier this yr. Its deal was performed by way of a program headed by the European Union, of which Romania is a member nation. That program, Customs Management Gear, goals to help E.U. nations in acquiring the newest, state-of-the-art border management belongings.
In its press launch touting the deal, 908 Gadgets quoted CEO Kevin Knopp as saying, “The Romanian Customs Authority has taken a proactive step to arm its officers with quick, hint chemical identification, and we’re dedicated to supporting their efforts to make sure enhanced security and safety on the border.”
Fame enhancer
One piece of data lacking in 908 Gadgets’ press launch was the monetary particulars of the Romania deal. It is onerous to gauge the true impression of such an association on the basics with out getting some sense of how giant it’s by way of income and/or profitability.
Regardless, that is undoubtedly a win for the corporate; not solely will it herald income, however transacting with a high-level governmental authority can solely improve its popularity and (hopefully) attract new shoppers. Traders have been proper to cheer this information.
Eric Volkman has no place in any of the shares talked about. The Motley Idiot has no place in any of the shares talked about. The Motley Idiot has a disclosure coverage.
