Phazar Corp. (ANTP) |
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CEOCFO Current
Issue |
Phazar
Corp. is refocusing on their core antenna products business because of its record
of strong historical profits For a half a century, longer than virtually any
active antenna manufacturer, Antenna Products Corp has been designing and manufacturing
antennas and antenna systems. These antennas cover the RF spectrum from kilohertz to
gigahertz and support countless mission critical military, air / sea navigation, ILS and
voice / data communications applications. Antenna Products Corp also designs and
manufactures a product line of antenna accessories including towers, telescoping masts,
rotators, rotator controls, HF baluns and tower safety climbing equipment. No other
antenna manufacturer has such an extensive product line. What
sets us apart from our competition is that we have produced reliable products over the
years, Mr. Gary Havener, Chairman and CEO of PHAZAR
CORP. states. We probably have one of the best manufacturing
facilities for our type of equipment in the U.S. We are an economical producer. We have
all the quality systems in-place that the customers require for military type applications
or high-performance equipment. PHAZAR is continually
looking at new areas. We are in the process of developing some of the antennas that go up
into the higher frequency ranges for the wireless areas and this seems to be an area that
is growing. You may have heard the term Wi-Fi. Hence, we do some antennas in that
area and are working on some new designs in that area right now. We are on contract to
design and manufacture a new generation of antennas that go with the cellular systems that
are used for the 911 type programs, and the cellular users, within a short range, can
locate where a customer may be phoning from to assist if they end up with a distressed
situation, comments Mr. Havener. As to the
financial position of PHAZAR, Mr. Havener explains, A few things have seriously damaged the financial performance of the
company over the last three years, but the company still has a relatively strong balance
sheet and certainly has had a record of strong historical profits in its core business,
which is the antenna products business. We are turning back to that.
Mr. Havener addresses potential investors, I would like investors to know that Phazar Corp., has a solid
operation that can be relied on as a good conservative operation going forward. We will be
producing profits going forward. I would say that the size of our company is such that it
doesnt have a large shareholder following. As we continue to move forward from
this point with strong profits, I think we will be better recognized in the future. |
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