Hawkeye Systems Inc (OTCMKTS: HWKE) continues to surge higher in recent weeks as the Company vamps up its PPE line in the face of the spreading covid-19 pandemic. HWKE has emerged as a volume leader in small caps and regularly tops the $1 million in daily dollar volume mark.
HWKE is attracting a fast growing shareholder base who note the low share structure and active management team which has embarked on a number of promising PPE ventures in recent months.
Hawkeye Systems Inc (OTCMKTS: HWKE) bills itself as an American next generation imaging technology company developing products and services for military, police and the safety of civilians. The company is focused on developing cutting edge optical imaging products and services to assist the military and police forces with Intelligence, Surveillance and Reconnaissance (ISR). Hawkeye is led by U.S. Military Academy (West Point) graduates, as well as film and entertainment industry leaders. The company researches, designs, and develops technology systems to protect and assist military, police officers and first responders while helping keep civilians safe from all threats both foreign and domestic.
Microcapdaily reported on HWKE back in February when it first started seeing movement off its $0.11 lows reporting at the time “HWKE has seen its stock price more than double on a day that the overall markets were deeply red. The stock jumped off its $0.35 base on a surge of volume and saw highs of $1.10 per share. The move on HWKE came after the Company LOI with Arizona Asian Pacific Trade and Consulting, a major protective mask company in Taiwan, to enable the rapid production of a customized smart mask to aid in the response to the coronavirus outbreak.
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As the coronavirus outbreak continues to spread around the world HWKE has been busy making a number of important advances in the space; In early June HWKE formed a joint venture partnership with Ikon Supplies to develop, market and sell various Personal Protective Equipment (“PPE”), including masks, gloves, gowns and sanitizer. Hawkeye Systems is responsible for developing and providing any technology surrounding the bio-surveillance, anti-viral masks or other technology related aspects. Ikon is responsible for providing current best practices for sourcing, funding and distributing PPE in conjunction with Hawkeye and will create a go to market plan collaboratively with Hawkeye Systems.
The Company announced an LOI with legacy brand Jealous Devil to distribute its FDA-approved hand sanitizer, Kiil, exclusively across North America and through major retail channels including Amazon and US foods. Under the terms of the joint venture agreement, Jealous Devil will provide Hawkeye logistics support and distribution of Kiil, specifically formulated with natural ingredients to kill Covid-19 other bacteria and viruses, through its established major retail channels.
On June 23 HWKE announced a partnership with DemeTECH, a world-renowned leader in surgical sutures, mesh and bone wax. Under the terms of the Agreement, Hawkeye Systems has attained the right to DemeTECH production of up to 3,000,000 N95 protective masks per month, as well as an option for additional production for a period of up to 5 years.
Corby Marshall, CEO of Hawkeye Systems, stated, “We are extraordinarily pleased to partner with a global healthcare leader in DemeTECH, an award-winning suture and medical device manufacturer with a superb industry reputation and vast experience distributing its products to over 130 countries. As we continue to bolster our end user network, the Company is confident it can expand this opportunity to deliver American made masks beyond initial expectations while helping to refine our country’s pandemic response process.”
$HWKE starting to heat up on twitter:
$HWKE fantastic day and holding it's gains as we move towards close, even with profit takers. Highest volume day ever
— stocks (@1marketAnalysis) June 29, 2020
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Currently trading at a $5 million market valuation HWKE is fully reporting OTCQB and is virtually debt free, with $1.1 million in revenues YTD according to a recent pr. HWKE got a serious boost after the Company announced an LOI with Arizona Asian Pacific Trade and Consulting, a major protective mask company in Taiwan, to enable the rapid production of a customized smart mask to aid in the response to the coronavirus outbreak. HWKE is attracting a fast growing shareholder base who note the low share structure and active management team which has embarked on a number of promising PPE ventures in recent months. We will be updating on HWKE when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with HWKE.
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Disclosure: we hold no position in HWKE either long or short and we have not been compensated for this article.