Sep 07th 2012 - Edison Investment Research today published a report on Ubisense (UBI.L, LSE:UBI, LON:UBI) entitled "Promising New Automotive Contracts". In summary, the report says:
Ubisense’s H1 results and recent contract wins highlight the difficulty in forecasting the timing and size of new contracts. Delays in bookings that were expected in H1 drive cuts to our forecasts. However, this week’s automotive contract announcements could be the start of much larger company-wide deployments and highlight the attractiveness of RTLS technology to high-value manufacturers.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »