Most products that are used every day are taken for granted in their simplicity. Turn the product on and it should work. What is involved in making that product go, especially if it is an electronic product, is rarely considered. Understanding the process of what actually makes a product work, through the use of electricity, can lead to a solid and stable investment opportunity, even if the overall concept of energy is an esoteric one.
Conolog Corp., a designer, manufacturer and distributor of electronic and electro-magnetic sub assemblies, works to supply equipment involved in converting electrical signals into mechanical energy and mechanical energy into electricity. In a simple sense, the company makes products that control and protect electricity at its basic level.
Conolog Corp. got its start manufacturing guidance and other components for the US military. Since that time the company has manufactured guidance systems and other components for some of the US military’s most advanced systems. It has also made the leap to the private sector, providing electric protection systems and other equipment to utility companies and commercial electronics based companies such as the Dow Jones Co. and AT&T.
Although the typical perception of a defense contractor is one of large contracts and overruns, that of Conolog is more directed at the practical application of its technology. The diversified electronics category is a wide ranging category made up of the likes of Tyco Electronics and LG Display, which service a wide variety of markets. Conolog Corp. has made the effort to instead serve specific markets which use its equipment to better serve and protect sophisticated electronics.
Generally, this is why the company’s main customers are on the order of utilities and very large commercial electronics oriented users. In a general sense, this has served the company well as it can go about its business quietly to continually provide shareholders a consistent investment platform. Stability is increasingly a large inducement for investors and Conolog is ready to provide it.
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