Definitive Rest Mattress Company DRMC
This morning we’re going to be taking a look at DRMC, a company which has been undergoing some big changes in direction in 2015.
Prior to this year, DRMC was in the mattress business as its name suggests, however this January it was announced that a drastic shift into the Aerospace, Machine Tool, and Industrial Metals sectors was set to take place.
The transition began with the solid first steps of beginning to disband the mattress business and acquiring NU Metals Technology, a company that provides high grade metal and tooling solutions for the manufacturing of aerospace components. At the time, CEO Juan Carlos Murga called it “only the beginning of many other business ventures that DRMC is developing” >>View PR
As the year has progressed, so has DRMC’s metamorphosis, with the formation of a new CNC (Computerized Numerical Control) Division, and the official declaration of its intent to change the corporate name to reflect its new direction, which should be coming up soon. >>View PR
We learned that ACCUT Machinery Ltd. gave NU Metals Technology exclusive right of representation of its CNC machines for the entire North American market (US and Canada) >> View PR
NU Metals also has a partnership with Turkish burnishing tool firm, YAMASA. Burnishing is a metal finishing process used in the fabrication of implements for the automotive, agricultural, and aerospace industries, just to name a few. Through NU Metals Technology, YAMASA’s roller burnishing, skive burnishing and deep rolling solutions are now available in North America.
A little over a week ago, another PR came across the wires with an update reporting “New products, increased sales with solid contracts and strong customer base.”, and it was suggested that shareholders will be pleased with the figures in the next quarterly report. >> View PR
We’ll be sure to stay tuned for that and other future updates, but in the meantime, we’re identifying some short-term potential on the chart as well.
DRMC CHART
Here’s a video presentation of the current DRMC Chart:
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