Provision Holding Inc (OTCMKTS:PVHO) is coming back down after the run up to highs over $0.50 a share earlier this year. The stock continues to trade well and up until recently was one of the most top traded stocks on the entire exchange.
PVHO is one exciting story developing in small caps with huge recent developments; the Company recently formed a major partnership with FUJIFILM North America, is busy rolling out its 3D kiosk network in select Rite Aid stores in LA and NY and was recently endorsed by Intel.
Provision Holding Inc (OTCMKTS:PVHO) is a small company with a big hand in the 3D digital technology space. The Company is focused on the development and distribution of three-dimensional (3D) holographic interactive video displays primarily for advertising and product merchandising markets. Its products include HoloVision displays and 3D Savings Center kiosks.
Provision’s 3D holographic display systems represent a revolutionary technology that provides the projection of full color, high-resolution videos into space detached from the screen, without any special glasses. Provision is currently the market leader in true 3D consumer advertising display products being implemented by innovative, consumer-focused companies.
Clearly PVHO has the right product at the right time; digital advertising has reached historic levels with over $27 billion spent in the first half of 2015. The 3D digital space is one of the fastest growing sub-sectors in the digital advertising space. 3D digital draws upon a fully interactive and immersive end-user experience; its virtual reality coming one step closer to the five senses but without the need for 3D glasses.
In October of last year PVHO announced a major partnership deal with FUJIFILM North America Corporation. Under the terms of the agreement, Fujifilm will provide installation and ongoing maintenance services for PVHO’s 3D Savings kiosks in Los Angeles and New York.
Recently PVHO announced 200 3D Savings Center Kiosks have been successfully installed. These installations represent continued penetration of the New York City and Los Angeles markets for its key retail partner, one of the largest retail drugstore chains in the United States. Provision’s 3D Savings Center Kiosks generate eye-popping, three dimensional, holographic videos and will include exclusive loyalty card information and promotions.
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Currently, the kiosks are featuring ads for store brand products. Going forward, the kiosks are expected to provide unique on-site advertising and promotion for a variety of major brands.
PVHO has been growing its network of kiosks at a rapid rate; the Company recently said that based on current installation trajectory, PVHO could have more than 1,000 kiosks installed by early April 2016. Citing “blue sky” opportunities, PVHO has set its sights on bolstering the existing network with an additional 3,500 locations.
On September 26 PVHO announced it has reached an agreement with Ixonos USA to develop the world’s first holographic “touchless” touch screen. The two companies will combine their expertise and resources to add a new level of efficacy to Provision’s interactive 3D holographic displays. The “touchless” solution will allow consumers to interact with, and make selections from, a 3D touch screen that is truly “floating in air,” in a fast, fun and informative way.
“The touchless touch screen is a truly sanitary solution,” notes Bob Ostrander, EVP of Provision. “It will free consumers from the physical constraints involved in reaching conventional touch screens, and of course will feature Provision’s crisp, high-resolution 3D holographic images. Ixonos has a strong background in and understands 3D, visual design and digitalization so they are the perfect partner for us. The “touchless” touch screen will strongly support Provision’s existing line of 3D rewards kiosks.”
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Currently trading at a $16 million market valuation PVHO does have 1.8 million in the treasury and significant revenues reporting $1.17 million in sales for the 3rd quarter 2015 compared to just $49k last year. PVHO is one exciting story in small caps; the Company is becoming an early leader in the exploding 3D digital technology space already scoring a major partnership with FUJIFILM North America as well as a massive endorsement by Intel. As the Company continues to roll out its 3D kiosk network with an eye on bolstering the existing network with an additional 3,500 locations investors continue to bid up the price of PVHO to new highs. We will be updating on PVHO when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with PVHO.
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Disclosure: we hold no position in PVHO either long or short and we have not been compensated for this article.