Industry News, Trends and Technology, and Standards Updates

Investor Relations at Cimetrix

Posted by Cimetrix on Jul 8, 2011 10:28:00 AM

by Bob Reback

President and CEO

During the 2008/2009 economic downturn, Cimetrix scaled back expenses as much as possible and focused on its core business. As the economy started to recover in 2009 and the Company’s business plan gained traction, we began some limited investor relations activities during 2010. We attended a conference in New York and made our first presentation to investors. We also met with a number of investor relations firms to discuss providing investor relations services to Cimetrix. After some thorough interviews and reference checks, the company selected Darrow Associates out of New York.

Jordan Darrow has over 20 years of experience in investor relations working both in corporate environments for large, public companies, as well as with agencies handling investor relations activities for a wide variety of public companies. Darrow Associates is a boutique agency that specializes in small-caps and undervalued companies.

Cimetrix is not looking for any quick splashes or “pump and dump” stock promotions. Rather, Cimetrix chose Jordan Darrow to develop a long term investor relations strategy that communicates the Cimetrix business model and long term plan to investors. This investor relations strategy will include specific, targeted events geared towards long term institutional investors. We welcome Jordan Darrow to the Cimetrix team and look forward to his assistance in strengthening the Cimetrix brand for shareholders and investors.

 

Topics: Investor News

2010 Annual Shareholders Meeting

Posted by Cimetrix on May 24, 2010 10:12:00 AM

This weekend, we held our Annual Shareholder's Meeting at our corporate headquarters in Salt lake City, UT.  We had a good turn out of shareholders, board members, and employees. Company executives shared about the company - who we are and what we do - as well as the financial results of 2009 and our goals for 2010.

 Cimetrix Board of Directors

Cimetrix Shareholders Meeting

Cimetrix Employees

Topics: Events, Investor News

Sarbanes-Oxley Compliance and Cimetrix

Posted by Cimetrix on Feb 5, 2010 8:59:00 AM

by Peggy Faulkner,
Assistant Controller

Sarbanes Oxley ComplianceWhen I confided to a long-time friend with whom I used to work in the financial arena at General Electric that I was thinking of returning to work after 20 years of raising a family, and that I would be doing Sarbanes-Oxley (SOX) compliance work for Cimetrix, she gasped, and blurted, “I am SO sorry!” I was pretty sure her dismay was not an indictment of me returning to work, nor to Cimetrix—it was all about SOX.

When SOX was federally mandated in 2002, as a financial regulatory response to the Enron and Worldcom (and others) scandals, the intent was to soothe panicked investors and restore confidence that our public companies operate under sufficient financial control, oversight, and transparency. Revenue level or company size matter not—all public companies must comply, and compliance places a disproportionately heavier cost burden on small companies such as Cimetrix. Annual auditing must be performed by an independent, registered public accounting firm, and an extra layer of control in the form of reporting and certification is included in all SEC filings by financial management. Transparency to financial reports is now greater, and penalties for financial fraud or misrepresentation are harsh.

In an economic downturn, such as we are now experiencing, the cost of compliance becomes even more burdensome. Nonetheless, Cimetrix is fully compliant with all SOX regulations, and has been for some time now, due to the diligence of the Finance team. Long before I joined the company, measures were taken to reorganize, analyze, report, and verify financial data at a SOX-mandated level.

Currently, cross-training and report collaboration within the department ensure an additional level of review. Our goal this year is to become paperless—in keeping with environmental concerns, and our connection to the PV industry, perhaps?

Eighteen months after talking with my old friend, when she asks how things are going, I smile and say, “Piece of cake!”

Now, if I could just win the company Soup Cook-off!!

Topics: Customer Support, Doing Business with Cimetrix, Cimetrix Company Culture, Investor News