There are a number of sectors that may often go under the radar amidst the rush among investors for looking for opportunities in the popular sectors. One of the sectors that come under that category at this point in time is the industrial technology sector. There are a number of companies that are doing commendable work in the sector and it may be a good time for investors to take a closer look at some of them. This article takes a closer look at three companies from the sector and gives you’re an overview you can work with.
GBT Technologies (OTCMKTS:GTCH) – The first company from the industrial technology sector that you could consider looking into at this point is GBT Technologies Inc. As it happens, the company was actually in the news earlier on in the week on Tuesday when it announced that it had got a notification for the intelligent motion detection patent that it had developed.
The product has been code named ‘Apollo’ at an internal level. It was also noted at the time that the company was going to be awarded a non-provisional patent on April 12. GBT Technologies is looking to get protection for real-time motion detection methods based on the radio by way of this particular patent. It was an important update from the company and it is now going to be interesting to see if the stock gets any traction among investors or not.
Houston Natural Resources Corp (OTCMKTS:HNRC) – Houston Natural Resources projected that in the fiscal year ended on December 31, 2021 it was going to clock revenues to the tune of $20 million and EBITDA of $10 million.
On the other hand, Houston Natural Resources projected that it was expecting revenues to touch $5 million in the first quarter. In addition to that, the EBITDA earnings in the first quarter were also projected to be $2.5 million. Over the course of the past three years, Houston Natural Resources has been able to boost its revenues consistently, and hence, this projection is an important one. The steady rise in revenue has primarily taken place due to the rise in revenues from the companies it holds in its portfolio and also through fresh acquisitions.
Cyberlux Corporation (OTCMKTS:CYBL) – In the past week, the Cyberlux Corporation stock has emerged as one of the major movers in the industrial technology sector and managed to clock gains to the tune of as much as 19% during the period.
Back on April 1, the company announced that for the full fiscal year of 2021, it had managed to generate revenues to the tune of $810,7592 and on top of that, the net income for the period came in at $1,903,766. In addition to that, Cyberlux had also been successful in growing the assets column on its balance sheet and took it to $9,237,043. The ballooning of assets was primarily a function of the platform acquisition strategy that had proven to be a success for Cyberlux up until December 31, 2021.
Mineworx Technologies (OTCMKTS:MWXRF) (MWX.V) – At number 3 it is the Mineworx Technologies Ltd stock that investors could consider looking into today. On Wednesday, it emerged as one of the major movers and ended the day with gains of as much as 9%. Yesterday, Mineworx announced that it was going to start operations at the pilot facility that is located at Johnson City in Tennessee.
Mineworx noted that it had finally reached the stage after all the necessary equipment permits and building approvals had been received from the relevant authorities. It goes without saying that it was a major new development for Mineworx and the company also pointed out that the equipment, as well as systems at the plant, were going through testing protocols. It could be a stock to keep an eye on.
