Sunovia Energy Technologies Inc. (OTCBB: SUNV)

Sunovia Energy Technologies Inc. (SUNV) is engaged in the research, development and commercialization of technologies relating to photometry, the conversion of light into electricity as well as the reverse, electricity into light. The Company’s Aimed Optics technology is patented to optimize light output used in various applications. Founded in 2005, the Company is headquartered in Sarasota, Florida.

Source: Reuters.com, SEC Filings.

Financial Summary

Source: Reuters.com, SEC Filings.

Analyst Consensus

No analyst rates shares of SUNV at this time.

Analyst Recommendations and Revisions

Source: Reuters.com, SEC Filings.

Investment Highlights

SUNV is engaged in the research, development and commercialization of technologies relating to photometry, the conversion of light into electricity as well as the reverse, electricity into light. The Company’s Aimed Optics technology is patented to optimize light output used in various applications.

The Company’s partner, EvoLucia, offers a product line that utilizes its “Aimed Optics” technology to target light with minimal waste and overlap, and by incorporating sophisticated software to focus each LED to achieve optimized light output. The goal of the Company’s lighting products is to produce a high, uniform “Fitted Target Efficiency” to save energy, optimize light output as well as eliminate glare at the light source. The overall result is a product that achieves optimum lighting with fewer LED light engines.

EvoLucia’s light engine is engineered through its patented software to create strategically aimed light energy toward a specific target, affecting an elimination of the uneven “bell shaped” light distribution emitted by traditional lighting products. EvoLucia has protected its products through numerous patent applications of this evolutionary energy-saving technology.

The Company’s competitive advantage is two-fold. Competing LED lighting products create a “bell shaped” lighting pattern, which presents a problem to the industrial user in that minimum lighting requirements cannot be maintained across the entire targeted area. Industry specifications force the lighting supplier to “over light” to maintain minimum levels at the edges of the target area. The result of the over light installation is more energy used from more LED light engines. The second result is the excess glare emitted at the center of the “over lighted” area.

The Company’s second partner, EPIR Technologies, develops solar cells that capture a broad range of the light spectra, including ultraviolet and visible light. EPIR Technologies states that its products can be manufactured at a fraction of the cost of competing products. Validated by the U.S. Army Research Laboratories, the Company’s proprietary manufacturing techniques produce more uniform and efficient solar cells through the application of cadmium telluride on silicon photovoltaic (PV) materials.

Previously considered impossible, the integration of the unique properties of cadmium telluride and well-established-properties of silicon has developed a cost-effective solution to infrared sensors necessary to the night-vision systems market. The cost advantage of this technology will enable an installed cost of energy comparable to or better than energy provided from the grid at the high-volume, low-cost optics scale.

Technical Analysis

Source: http://stockcharts.com/h-sc/ui?s=SUNV

SUNV trades above its 13-day moving average. This bullish sign is significant because the 13-day moving average has just turned upwardly.

The MACD for SUNV currently indicates a bullish signal. The MACD is above the signal line, a 9-day moving average of the MACD. The MACD is above the critical level of 0, which implies the past price action had been positive. Overall, the chart is bullish.

Comparative Analysis

Source: Thomson Financial

Insider Trading Activity

Source: Yahoo Finance

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