Last $2.00 USD
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BMER On Other Exchanges
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As of 8:10 PM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).

boomerang systems inc (BMER) Snapshot

Open
$2.00
Previous Close
$2.00
Day High
$2.00
Day Low
$2.00
52 Week High
03/21/14 - $2.75
52 Week Low
04/14/14 - $1.01
Market Cap
17.0M
Average Volume 10 Days
134.8
EPS TTM
$-1.68
Shares Outstanding
8.5M
EX-Date
--
P/E TM
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Dividend
--
Dividend Yield
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Current Stock Chart for BOOMERANG SYSTEMS INC (BMER)

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boomerang systems inc (BMER) Details

Boomerang Systems, Inc. designs, engineers, manufactures, installs, services, and markets automated parking systems. It offers RoboticValet system, an omni-directional, battery-powered robot that carries vehicles parked on self-supporting steel trays to and from storage spaces. The company serves residential apartments and condominiums, office complexes, car dealerships, public garages, hospitals, casinos, hotels, airports, service facilities, and universities in the United States, and the Middle East. Boomerang Systems, Inc. is based in Florham Park, New Jersey.

33 Employees
Last Reported Date: 12/30/13

boomerang systems inc (BMER) Top Compensated Officers

Chairman of the Board and Chief Executive Off...
Total Annual Compensation: $200.0K
President, Manager of Sales & Marketing and D...
Total Annual Compensation: $150.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $125.0K
Chief Operating Officer
Total Annual Compensation: $150.0K
Compensation as of Fiscal Year 2013.

boomerang systems inc (BMER) Key Developments

Boomerang Systems Commences Implementation of 175 Space Automated Parking Facility in Hollywood, Florida

Boomerang Systems, Inc. announced that construction has commenced inside the structure that will house an automated robotic parking system that the company has been contracted to install at the new 304-unit Costa Hollywood Condominium Resort on the Atlantic Ocean in Hollywood Beach, Florida. On August 8(th), the developer, Liberty Grande, LLC, released Boomerang to start implementation of a 175-space parking system using Boomerang's patented, low-profile AGV-based RoboticValet(R). Boomerang's RoboticValet system is a fully-integrated automated parking solution incorporating robotics, software and hardware. Boomerang's patented and patent-pending technologies eliminate ramps and sharply reduce the number of drive aisles, allowing up to twice the density of parked cars and requiring as little as half the space taken by a conventional garage. RoboticValet robots drive on concrete slab floors and use a proprietary automated guidance system to transport vehicles to and from parking spaces. Cars' ignition systems are shut off before being parked, slashing carbon emissions and electricity consumption for ventilation and lighting. At the Costa Hollywood Condominium Resort, Boomerang's space saving technology permits the developer to more efficiently, effectively and economically utilize its allowable building area and build residential units in space that what would have otherwise been allocated to parking. In addition it provides a unique luxury amenity that compliments the resort's other array of upscale features. Once completed in 2015, the seven-level Costa Hollywood system will be Boomerang's third automated parking system installed in the State of Florida.

Boomerang Systems, Inc. Announces Resignation of Stanley J. Checketts as Director

On March 6, 2014, Stanley J. Checketts resigned from the Board of Directors of Boomerang Systems, Inc.

Boomerang Systems, Inc.'s RoboticValet Chosen for Student Housing Project at University of Illinois

Boomerang Systems, Inc. announced that it has executed an agreement to provide 240 parking spaces using the RoboticValet Parking System, to be incorporated into a student housing project on East Green Street in Champaign, Illinois. Boomerang's RoboticValet system is a automated parking solution incorporating robotics, software and hardware. This patent-pending technology eliminates ramps and sharply reduces the number of drive aisles, allowing up to twice the density of parked cars and requiring as little as half the space required by a conventional garage. RoboticValet(R) robots drive on concrete slab floors and use a proprietary automated guidance system to transport vehicles to and from parking spaces. Cars' ignition systems are shut off before being parked, slashing carbon emissions and electricity consumption for ventilation and lighting. Boomerang's technology allows the East Green Street developer to reduce the parking garage footprint and to increase the amount of resident living space. The 16 story project is adjacent to the University of Illinois campus and is being developed as a joint venture between Chicago based developers HERE Enterprises, LLC and Campus Acquisitions. Construction has already started and is anticipated to be completed in 2015.

 

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