Since the acquisition of the basic technology and a basic patent in late 1986, the Company has developed several important products and been awarded several new patents.In addition, several more patent disclosures are being processed for the Company's latest innovations dealing with automated monitoring and fault locating of both optical fiber copper cable and for solving one of the industry's major obstacles in bringing fiber to the home or fiber to the curb.Tags: Good Argumentative EssaysEssay On Crucible John ProctorWifi Business PlanPollution In Delhi EssayMerchants Tale EssayParents Or Teachers EssayWriting Assignment Rubric ElementaryEssay About My Childhood ExperiencesEssays On African American Slavery
Most other competing technologies and products in this regard are more complementary to the Company's products than competitive.
The Company's technology was originally developed in Canada and has been in operation on the Canadian fiber optic network since 1988.
It is possible that the non-fiber optic related market could be funded as separate business segments.
Each product offers the potential to be the industry leader in its respective market.
The same technology used in the Telco market has been applied to the industrial market for the development of a continuous monitoring system to detect spills and leaks of hazardous substances for use at factories, industrial storage facilities, high rise condominium complexes, and gasoline storage tanks, either above or below ground.
FOA has sold an initial system to a major ammunition plant in Texas and is in the process of implementing an upgrade for automation of the monitoring system.
FOA's business plan projects that annual sales will reach the .0 million level by the fifth year with net after-tax profits of approximately .8 million.
The Company's monitoring system, Cablewatch, facilitates the continuous monitoring of fiber optic and copper cables.
The primary focus of the Company is in the telecommunications industry, telephone operating companies, ("Telco's"), Cable TV (CATV) and Local Area Network (LAN) fiber optic markets.
To date, the Company has raised approximately .0 million to support research and development, product introduction to the Telco market and initial sales.