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Sunovia Energy Technologies, Inc.
Symbol:  SUNV


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Business Summary: Sunovia Energy Technologies, Inc. engages in the development, design, and integration of photovoltaic solar cells into products for incident management, energy efficient advertising, and solar modules.
 
Address
  106 Cattlemen Road
  Sarasota , FL 34232
  Phone: 941-751-6800
  Fax: 941-751-3583
  Website: http://www.sunoviaenergy.com
Auditor
  Bobbit,Pittenger & Company, P.A.
Transfer Agent
  Island Stock Transfer
Employees:  13
ShareHolders:  1401
Founded:  2006
Domicile:  Nevada
 
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Sunovia Energy Technologies, Inc.
Symbol:  SUNV


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Sunovia Energy Technologies, Inc. engages in the development, design, and integration of photovoltaic solar cells into products for incident management, energy efficient advertising, and solar modules. The company also develops and sells environmentally responsible, energy efficient lighting products that are based on the efficient light emitting diode (LED) technology and mercury cadmium telluride infrared cells. The company's product lines include EvoLucia LED Lighting, EPIR (CPV Solar / Infrared Technologies), and solar photovoltaics. The company also owns an equity interest in EPIR Technologies, Inc., an IR sensor and IR imaging company that commercializes CdTe on Si and HgCdTe on Si photovoltaic products. Sunovia Energy Technologies, together with EPIR Technologies, Inc., also has a network of collaborative relationships with the defense department and industrial labs involved in IR detection and imaging. In addition, it has a partnership agreement with Solar Electric Power Company to supply cobra head fixtures for their roadway solar lighting products. The company is based in Sarasota, Florida.
History:  INCORPORATED in Nevada Mar. 1, 2006, as Acadia Resources Inc. On Nov. 29, 2007, the company acquired Sun Energy Solar, Inc. through the merger of Sun Energy into Sunovia Solar, Inc., a wholly owned subsidiary of the company. In the the merger, the company issued an aggregate of 263,182,941 (post split) Common shares to Sun Energy shareholders. The company changed its name to Sunovia Energy Technologies, Inc. effective Dec. 18, 2007, through merger of a subsidiary. Sun Energy was incorporated in Delaware Nov. 9, 2005, as Sologic, Inc.; name changed to Sun Energy Solar, Inc. Apr. 24, 2006.
 
Subsidiaries:
EvoLucia, Inc.
Sunovia Solar, Inc.
 
 
Capital Expenditures, thousand. US Dollars
  Year  Amount
  2009  33
  2008  94
 
Research and Development Expenditures, thousand. US Dollars
  Year  Amount
  2009  6,295
  2008  16,090
 
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Sunovia Energy Technologies, Inc.
Symbol:  SUNV


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Management
OfficersPosition
 Carl L. Smith, IIIChairman & Chief Executive Officer
 Robert H. FugererPresident & Chief Technology Officer
 Matthew A. VealSecretary, Chief Financial Officer, Chief Accounting Officer & Controller
 Donna M. WebbChief Operating Officer

Directors
 Robert H. Fugerer
 Erich  Hofer
 Joseph Claude Miller
 Carl L. Smith, III
 
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Sunovia Energy Technologies, Inc.
Symbol:  SUNV


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Capitalization as of 07/31/2009:
 
 Authorized SharesOutstanding Shares
Common $0.001 par1,500,000,000533,180,040so1
 
LONG TERM DEBT: None.
 
Common $0.001 par
 
COMMON SOLD PRIVATELY: In January 2008, the company issued 55,677,640 Common shares to investors in a private placement at $0.10 per share.
 
Stockholders:  10/30/2009, 1401.
PRINCIPAL STOCKHOLDERS: October 19, 2009, Carl Smith owned or controlled 46.7% of the Common.
 
Transfer Agent:  Island Stock Transfer   St. Petersburg , FL
 
OTC Bulletin Board( Primary): SUNV
 
ExchangeYearHighLow
OTC Bulletin Board20090.20000.0300
OTC Bulletin Board20089.00000.1200
OTC Bulletin Board20070.67000.6700
 
DIVIDENDS: Common $0.001 par: No cash. Common split 4.5-for-1, Dec. 18, 2007.
 
 
  so1Excl. 313,410 in treas.
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Sunovia Energy Technologies, Inc.
Symbol:  SUNV


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Annual Report
 
Income Statement
  20092008
Net sales99660
Cost of sales67849
Selling, general and administrative8,38019,682
Research and development6,29515,252
Operating income(14,356)(34,924)
Interest and dividends6887
Convertible debenture derivative loss(183)-
Net income(14,471)(34,837)
Share earns. basic(0.03)(0.09)
Share earns. diluted(0.03)(0.09)
 
Balance Sheet
  20092008
Assets:
Cash and cash equivalents3085,983
Inventories235351
Accounts rec.13840
Prepayments3029
Tot. curr assets7126,403
Net property160211
Investments3,7803,780
Other assets5454
Total assets4,70610,448
Liabilities:
Accounts payable146365
Convertible debenture500-
Accrued expenses166178
Noncash compensation payable8121,504
Common stock redemption650650
Convertible debenture derivative liability183-
Tot. curr. liabs.2,4782,696
Com. stk. p.$0.001533524
Paid-in cap.57,01448,021
Retained earns.(55,264)(40,793)
Treasury stock(34,475)-
TOTAL STOCKHOLDERS' EQUITY 2,2497,752
Total liabs.4,70610,448
 
 * On November 27, 2007, Acadia Resources, Inc. (?Acadia?), Sunovia Solar, Inc., a wholly owned subsidiary of Acadia (?Sunovia Solar?) and Sun Energy Solar, Inc. entered into an Agreement and Plan of Merger which closed on November 28, 2007. Pursuant to the terms of the Merger agreement, Sun Energy Solar merged with and into Sunovia Solar, which became a wholly-owned subsidiary of Acadia (the ?Merger?). The transaction was accounted for as a reverse purchase. On December 17, 2007, Acadia changed its name to Sunovia Energy Technologies, Inc.
 
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Sunovia Energy Technologies, Inc.
Symbol:  SUNV


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Interim Report   
 
Data Not Available
 
 
 
 
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Sunovia Energy Technologies, Inc.
Symbol:  SUNV


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Pro Forma Report   
 
Data Not Available
 
 
 
 
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Sunovia Energy Technologies, Inc.
Symbol:  SUNV


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Quarterly Report Information   
 
Quarterly Revenue, US$
YearQuarterRevenue
  2010   1240,000
  2010   2760,000
  2010   3500,000
  2009   1310,000
  2009   2280,000
  2009   3300,000
  2009   4110,000
  2009   Full Year 1,000,000
  2008   310,000
  2008   450,000
  2008   Full Year 60,000
  2007   1Nil
  2007   2Nil
  2007   310,000
  2007   Full Year Nil
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  2010   1(4,790,000)
  2010   2(3,240,000)
  2010   3(3,320,000)
  2009   1(2,910,000)
  2009   2(3,480,000)
  2009   3(5,850,000)
  2009   4(2,220,000)
  2009   Full Year (14,470,000)
  2008   3(12,340,000)
  2008   4(16,780,000)
  2008   Full Year (34,840,000)
  2007   1(2,380,000)
  2007   2(3,340,000)
  2007   3(12,340,000)
  2007   Full Year (4,730,000)
  2006   Full Year (1,640,000)
 
 
Quarterly EPS, US$
YearQuarterRevenue
  2010   1(.01)
  2010   2Nil
  2010   3Nil
  2009   1(.01)
  2009   2(.01)
  2009   3(.01)
  2009   4Nil
  2009   Full Year (.03)
  2008   1(.01)
  2008   2(.01)
  2008   3(.03)
  2008   4(.03)
  2008   Full Year (.09)
  2007   1(.01)
  2007   2(.01)
  2007   3(.03)
  2007   4Nil
  2007   Full Year (.02)
  2006   3Nil
  2006   Full Year (.01)
 
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