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Wiki	Wiki Summary
Public company	A public company, publicly traded company, publicly held company, publicly listed company, or public limited company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company).
Company	A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals.
The Walt Disney Company	The Walt Disney Company, commonly known as Disney (), is an American multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios complex in Burbank, California.\nDisney was originally founded on October 16, 1923, by brothers Walt and Roy O. Disney as the Disney Brothers Cartoon Studio; it also operated under the names the Walt Disney Studio and Walt Disney Productions before changing its name to the Walt Disney Company in 1986.
East India Company	The East India Company (EIC) was an English, and later British, joint-stock company founded in 1600. It was formed to trade in the Indian Ocean region, initially with the East Indies (the Indian subcontinent and Southeast Asia), and later with East Asia.
The Pokémon Company	The Pokémon Company (株式会社ポケモン, Kabushiki gaisha Pokémon) is a Japanese company responsible for brand management, production, publishing, marketing and licensing of the Pokémon franchise, which consists of video game software, a trading card game, anime television series, films, manga, home entertainment products, merchandise, and other ventures. It was established through a joint investment by the three businesses holding the copyright of Pokémon: Nintendo, Game Freak, and Creatures.
The Honest Company	The Honest Company, Inc. is an American consumer goods company, founded by actress Jessica Alba.
The Longaberger Company	The Longaberger Company is an American manufacturer and distributor of handcrafted maple wood baskets and other home and lifestyle products. The company opened in 1973, was acquired in 2013 by CVSL, Inc., and closed in 2018.
Special Activities Center	The Special Activities Center (SAC) is a division of the Central Intelligence Agency responsible for covert operations and paramilitary operations. The unit was named Special Activities Division (SAD) prior to 2015.
Operations research	Operations research (British English: operational research), often shortened to the initialism OR, is a discipline that deals with the development and application of advanced analytical methods to improve decision-making. It is sometimes considered to be a subfield of mathematical sciences.
Statistical fluctuations	Statistical fluctuations are fluctuations in quantities derived from many identical random processes. They are fundamental and unavoidable.
Contract	A contract is a legally enforceable agreement that creates, defines, and governs mutual rights and obligations among its parties. A contract typically involves the transfer of goods, services, money, or a promise to transfer any of those at a future date.
Social contract	In moral and political philosophy, the social contract is a theory or model that originated during the Age of Enlightenment and usually concerns the legitimacy of the authority of the state over the individual. Social contract arguments typically are that individuals have consented, either explicitly or tacitly, to surrender some of their freedoms and submit to the authority (of the ruler, or to the decision of a majority) in exchange for protection of their remaining rights or maintenance of the social order.
Design by contract	Design by contract (DbC), also known as contract programming, programming by contract and design-by-contract programming, is an approach for designing software.\nIt prescribes that software designers should define formal, precise and verifiable interface specifications for software components, which extend the ordinary definition of abstract data types with preconditions, postconditions and invariants.
Smart contract	A smart contract is a computer program or a transaction protocol which is intended to automatically execute, control or document legally relevant events and actions according to the terms of a contract or an agreement. The objectives of smart contracts are the reduction of need in trusted intermediators, arbitrations and enforcement costs, fraud losses, as well as the reduction of malicious and accidental exceptions.Vending machines are mentioned as the oldest piece of technology equivalent to smart contract implementation.
Contract of sale	A contract of sale, sales contract, sales order, or contract for sale is a legal contract for the purchase of assets (goods or property) by a buyer (or purchaser) from a seller (or vendor) for an agreed upon value in money (or money equivalent).\nAn obvious ancient practice of exchange, in many common law jurisdictions, it is now governed by statutory law.
Oral contract	An oral contract is a contract, the terms of which have been agreed by spoken communication. This is in contrast to a written contract, where the contract is a written document.
Customer	In sales, commerce, and economics, a customer (sometimes known as a client, buyer, or purchaser) is the recipient of a good, service, product or an idea - obtained from a seller, vendor, or supplier via a financial transaction or exchange for money or some other valuable consideration.\n\n\n== Etymology and terminology ==\nEarly societies relied on a gift economy based on favours.
Customer to customer	Customer to customer (C2C or consumer to consumer) markets provide a way to allow customers to interact with each other. Traditional markets require business to customer relationships, in which a customer goes to the business in order to purchase a product or service.
List of federal agencies in the United States	Legislative definitions of a federal agency are varied, and even contradictory. The official United States Government Manual offers no definition.
Government agency	A government or state agency, sometimes an appointed commission, is a permanent or semi-permanent organization in the machinery of government that is responsible for the oversight and administration of specific functions, such as an administration. There is a notable variety of agency types.
Federal government of the United States	The federal government of the United States (U.S. federal government or U.S. government) is the national government of the United States, a federal republic in North America, composed of 50 states, a city within a federal district (the city of Washington in the District of Columbia, where the entire federal government is based), five major self-governing territories and several island possessions. The federal government is composed of three distinct branches: legislative, executive, and judicial, whose powers are vested by the U.S. Constitution in the Congress, the president and the federal courts, respectively.
December 17	December 17 is the 351st day of the year (352nd in leap years) in the Gregorian calendar; 14 days remain until the end of the year.\n\n\n== Events ==\n\n\n=== Pre-1600 ===\n497 BC – The first Saturnalia festival was celebrated in ancient Rome.
December 1	December is the twelfth and the final month of the year in the Julian and Gregorian calendars. It is also the last of seven months to have a length of 31 days.
2016 in aviation	This is a list of aviation-related events from 2016.\n\n\n== Events ==\n\n\n=== January ===\nThe Government of Italy permitted United States unmanned aerial vehicles (UAVs or drones) to fly strike missions from Naval Air Station Sigonella in Sicily where the US has operated unarmed surveillance UAVs since 2001 against Islamic State targets in Libya, but only if they are "defensive," protecting U.S. forces or rescuers retrieving downed pilots.
December 26	December 15 is the 349th day of the year (350th in leap years) in the Gregorian calendar; 16 days remain until the end of the year.\n\n\n== Events ==\n\n\n=== Pre-1600 ===\n533 – Vandalic War: Byzantine general Belisarius defeats the Vandals, commanded by King Gelimer, at the Battle of Tricamarum.
December 8	December 3 is the 337th day of the year (338th in leap years) in the Gregorian calendar; 28 days remain until the end of the year.\n\n\n== Events ==\n\n\n=== Pre-1600 ===\n915 – Pope John X crowns Berengar I of Italy as Holy Roman Emperor (probable date).
Competitor backlinking	Competitor backlinking is a search engine optimization strategy that involves analyzing the backlinks of competing websites within a vertical search. The outcome of this activity is designed to increase organic search engine rankings and to gain an understanding of the link building strategies used by business competitors.By analyzing the backlinks to competitor websites, it is possible to gain a benchmark on the number of links and the quality of links that is required for high search engine rankings.
Software release life cycle	A software release life cycle is the sum of the stages of development and maturity for a piece of computer software. Cycles range from its initial development to its eventual release, and include updated versions of the released version to help improve software or fix software bugs still present in the software.Computer users are most likely to be familiar with the beta phase, as software products are sometimes publicly advertised as being beta in order to reduce users' expectations of their reliability.
Product design	Product design as a verb is to create a new product to be sold by a business to its customers. A very broad coefficient and effective generation and development of ideas through a process that leads to new products.
Phase-gate process	A phase-gate process (also referred to as a stage-gate process or waterfall process) is a project management technique in which an initiative or project (e.g., new product development, software development, process improvement, business change) is divided into distinct stages or phases, separated by decision points (known as gates).\nAt each gate, continuation is decided by (typically) a manager, steering committee, or governance board.
Product strategy	Product strategy defines the high-level plan for developing and marketing a product, how the product supports the business strategy and goals, and is brought to life through product roadmaps. A product strategy describes a vision of the future with this product, the ideal customer profile and market to serve, go-to-market and positioning (marketing), thematic areas of investment, and measures of success.
Burger King products	When the predecessor of international fast food restaurant chain Burger King (BK) first opened in 1953, its menu predominantly consisted of hamburgers, French fries, soft drinks, milkshakes, and desserts. After being acquired by its Miami, Florida franchisees and renamed in 1954, BK began expanding its menu by adding the Whopper sandwich in 1957, and has since added non-beef items such as chicken, fish, and vegetarian offerings, including salads and meatless sandwiches.
Design infringement	Design is a form of intellectual property right concerned with the visual appearance of articles which have commercial or industrial use. The visual form of the product is what is protected rather than the product itself.
Contributory infringement	Contributory copyright infringement is a way of imposing secondary liability for infringement of a copyright. It is a means by which a person may be held liable for copyright infringement even though he or she did not directly engage in the infringing activity.
Competitor indexing	Competitor indexing is a price setting technique used by marketers, in which a firm pegs the prices of its products those of a competitor. This may involve matching competitors' prices, or setting prices at a fixed amount or percentage above or below.
Competitor (1813 ship)	Competitor was launched at Whitby in 1813. She was initially a West Indiaman and then traded with India.
Proprietary estoppel	Proprietary estoppel is a legal claim, especially connected to English land law, which may arise in relation to rights to use the property of the owner, and may even be effective in connection with disputed transfers of ownership. Proprietary estoppel transfers rights if,\n\nsomeone is given a clear assurance that they will acquire a right over property,\nthey reasonably rely on the assurance, and,\nthey act substantially to their detriment on the strength of the assurance\nit would be unconscionable to go back on the assuranceIf these elements of assurance, reliance and detriment, and unconscionability are present, the usual remedy will be that the property will be transferred to the claimant, if the court views the reliance to warrant a claim in all the circumstances.

Risk Factors
PARAGON TECHNOLOGIES INC Item 1A Risk Factors
10 Item 1A Risk Factors - -------- ------------ THE FOLLOWING CAUTIONARY STATEMENTS ARE MADE TO PERMIT PARAGON TECHNOLOGIES, INC TO TAKE ADVANTAGE OF THE &quote SAFE HARBOR &quote PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 Investing in the Companyapstas Common Stock will provide an investor with an equity ownership interest in the Company
Stockholders will be subject to risks inherent in the Companyapstas business
The performance of Paragonapstas shares will reflect the performance of the Companyapstas business relative to, among other things, general economic and industry conditions, market conditions, and competition
An investor should carefully consider the following factors as well as other information contained in this Form 10-K before deciding to invest in shares of the Companyapstas Common Stock
This Form 10-K also contains forward-looking statements that involve risks and uncertainties
The Companyapstas actual results could differ materially from those anticipated in the forward-looking statements as a result of many factors, including the risk factors described below and the other factors described elsewhere in this Form 10-K The Company wishes to inform its investors of the following important factors that in some cases have affected, and in the future could affect, the Companyapstas results of operations and that could cause such future results of operations to differ materially from those expressed in any forward-looking statements made by or on behalf of the Company
Disclosure of these factors is intended to permit the Company to take advantage of the &quote safe harbor &quote provisions of the Private Securities Litigation Reform Act of 1995
Many of these factors have been discussed in prior SEC filings by the Company
Though the Company has attempted to list comprehensively these important cautionary factors, the Company wishes to caution investors that other factors may in the future prove to be important in affecting the Companyapstas results of operations
----------------------------------- Sales of the Companyapstas products depend on the capital spending decisions of its customers
Automated, integrated material handling systems using the Companyapstas products can range in price from dlra100cmam000 to several million dollars
Accordingly, purchases of the Companyapstas products represent a substantial capital investment by its customers, and the Companyapstas success depends directly on their capital expenditure budgets
The Companyapstas future operations may be subject to substantial fluctuations as a consequence of domestic and foreign economic conditions, industry patterns, and other factors affecting capital spending
The current domestic and international economic conditions in the Companyapstas major markets for SI Systems &apos branded products, such as the electronics, telecommunications, semiconductor, appliance, pharmaceutical, food processing, and automotive components industries, have resulted in cutbacks in capital spending which has caused a direct, material adverse impact on the Companyapstas product sales in recent years
The Companyapstas business is largely dependent upon a limited number of large contracts with a limited number of customers
This dependence can cause unexpected fluctuations in sales volume
Since the Company recognizes sales on a percentage of completion basis for its systems contracts, fluctuations in the Companyapstas sales and earnings occur with increases or decreases in major installations
Various external factors affect the customers &apos decision-making process on expanding or upgrading their current production or distribution sites
10 The customers &apos timing and placement of new orders is often affected by factors such as the current economy, current interest rates, and future expectations
The Company cannot estimate when or if a sustained revival in the markets for its products will occur
If the Company is unable to maintain an increased level of sales of its products, the Companyapstas sales will continue to be adversely affected
The Company is largely dependent upon a limited number of large contracts, including contracts with a federal government agency
The Company is largely dependent upon a limited number of large contracts from large domestic corporations and a federal government agency
This dependence can cause unexpected fluctuations in sales volume and operating results from period to period
In the year ended December 31, 2005, five customers accounted for revenues of dlra2cmam492cmam000, dlra1cmam990cmam000, dlra1cmam867cmam000, dlra1cmam812cmam000, and dlra1cmam723cmam000, respectively
In the year ended December 31, 2004, two customers accounted for revenues of dlra1cmam600cmam000 and dlra1cmam184cmam000, respectively
In the year ended December 31, 2003, two customers accounted for revenues of dlra1cmam543cmam000 and dlra1cmam382cmam000, respectively
The Company received dlra540cmam000 or 3dtta2prca of its total sales from sales to government agencies in the fiscal year ended December 31, 2005
Accordingly, our sales have been impacted as a result of government spending cuts, general budgetary constraints, and the complex and competitive government procurement processes
If the Company is unable to attain an increased level of government-related sales, the Companyapstas sales will continue to be adversely affected
The Companyapstas contracts with government agencies are subject to adjustment pursuant to federal regulations
From time to time, the Company receives contracts from federal agencies
Each of the Companyapstas contracts with federal agencies include various federal regulations that impose certain requirements on the Company, including the ability of the government agency or general contractor to alter the price, quantity, or delivery schedule of the Companyapstas products
In addition, the government agency retains the right to terminate the contract at any time at its convenience
Upon alteration or termination of these contracts, the Company would normally be entitled to an equitable adjustment to the contract price so that the Company may receive the purchase price for items it has delivered and reimbursement for allowable costs it has incurred
The Companyapstas total backlog of orders at December 31, 2005 was dlra6cmam918cmam000, of which dlra0 was associated with US government projects
Accordingly, because contracts with federal agencies can be terminated, the Company cannot assure you that backlog associated with government contracts will result in sales
The Company has not previously experienced material adjustments or terminations of government contracts
The Company must accurately estimate its costs prior to entering into contracts on a fixed-price basis
The Company frequently enters into contracts with its customers on a fixed-price basis
In order to realize a profit on these contracts, the Company must accurately estimate the costs the Company will incur in completing the contract
The Company believes that it has the ability to reasonably estimate the total costs and applicable gross profit margins at the inception of the contract for all of its systems contracts
The Companyapstas failure to estimate accurately can result in cost overruns, which will result in the loss of profits if the Company determines that it has significantly underestimated the costs involved in completing contracts
At times, uncertainty exists with respect to the resources required to accomplish the contractual scope of work dealing with the final integration of state-of-the-art automated material handling systems
As a result of past experience with cost overruns, the Company established enhanced business controls, estimating, and procurement 11 disciplines to attempt to reduce future cost overruns
Since the Company established these controls in 2000, it has not experienced additional significant cost overruns on new contracts; however, additional cost overruns in the future could result in reduced revenues and earnings
The Company faces significant competition, which could result in the Companyapstas loss of customers
The markets in which the Company competes are highly competitive
The Company competes with a number of different manufacturers, both domestically and abroad, with respect to each of its products and services
Some of the Companyapstas competitors have greater financial and other resources than the Company has
The Companyapstas ability to compete depends on factors both within and outside its control, including: o product availability, performance, and price; o product brand recognition; o distribution and customer support; o the timing and success of its newly developed products; and o the timing and success of newly developed products by its competitors
These factors could possibly limit the Companyapstas ability to compete successfully
The Company may lose market share if it is not able to develop new products or enhance its existing products
The Companyapstas ability to remain competitive and its future success depends greatly upon the technological quality of its products and processes relative to those of its competitors
The Company may need to develop new and enhanced products and to introduce these new products at competitive prices and on a timely and cost-effective basis
The Company may not be successful in selecting, developing, and manufacturing new products or in enhancing its existing products on a timely basis or at all
The Companyapstas new or enhanced products may not achieve market acceptance
If the Company cannot successfully develop and manufacture new products, timely enhance its existing technologies, or meet customers &apos technical specifications for any new products, the Companyapstas products could lose market share, its sales and profits could decline, and it could experience operating losses
New technology or product introductions by the Companyapstas competitors could also cause a decline in sales or loss of market share for the Companyapstas existing products or force the Company to significantly reduce the prices of its existing products
From time to time, the Company has experienced and will likely continue to experience delays in the introduction of new products
The Company has also experienced and may continue to experience technical and manufacturing difficulties with introductions of new products and enhancements
Any failure by the Company to develop, manufacture, and sell new products in quantities sufficient to offset a decline in sales from existing products or to manage product and related inventory transitions successfully could harm the Companyapstas business
The Companyapstas success in developing, introducing, selling, and supporting new and enhanced products depends upon a variety of factors, including timely and efficient completion of hardware and software design and development, timely and efficient implementation of manufacturing processes, and effective sales, marketing, and customer service
The Company depends on key personnel and may not be able to retain these employees or recruit additional qualified personnel, which would harm the Companyapstas business
The Company is highly dependent upon the continuing contributions of its key management, sales, and product development personnel
The loss of the services of any of its senior managerial, technical, or sales personnel could have a material adverse effect on the Companyapstas business, financial condition, and results of operations
None of the Companyapstas executive officers have employment agreements with the Company
The Company does not maintain key man life insurance on the lives of any of its key 12 personnel
The Companyapstas future success also heavily depends on its continuing ability to attract, retain, and motivate highly qualified managerial, technical, and sales personnel
The Companyapstas inability to recruit and train adequate numbers of qualified personnel on a timely basis could adversely affect its ability to design, manufacture, market, and support its products
The Company may face costly intellectual property infringement claims
On a few occasions, the Company has received communications from third parties asserting that it is infringing certain patents and other intellectual property rights of others, or seeking indemnification against the alleged infringement
Any claims of infringement brought by third parties could result in protracted and costly litigation, in the Company paying damages for infringement, and in the need for the Company to obtain a license relating to one or more of its products or current or future technologies
Such a license may not be available on commercially reasonable terms or at all
Litigation, which could result in substantial cost to the Company and diversion of its resources, may be necessary to enforce its patents or other intellectual property rights, or to defend the Company against claimed infringement of the rights of others
Any intellectual property litigation and the failure to obtain necessary licenses or other rights could have a material adverse effect on the Companyapstas business, financial condition, and results of operations
As occurred in 2003, a competitor filed an action against the Company in the United States District Court for the District of New Jersey alleging that certain of the Companyapstas products infringed patents held by the competitor and also asserting claims for breach of contract, unjust enrichment, unfair competition, tortious interference with prospective economic advantage, and violation of New Jerseyapstas consumer fraud act as a result of alleged improper use of the competitorapstas trade secrets, technology, and other proprietary information
Based on these allegations, the competitor was seeking monetary damages and injunctive relief against the Company
In February 2004, a settlement was reached between the Company and the competitor
Under the settlement, the competitor dismissed the action and agreed that the Companyapstas products involved in the litigation are immune from suit for infringement of any of the competitorapstas intellectual property rights
In exchange, Paragon agreed to dismiss its counterclaims and paid the competitor dlra1cmam125cmam000
The Companyapstas failure to protect its intellectual property and proprietary technology may significantly impair the Companyapstas competitive advantage
Third parties may infringe or misappropriate the Companyapstas patents, copyrights, trademarks, and similar proprietary rights
The Company cannot be certain that the steps the Company has taken to prevent the misappropriation of the Companyapstas intellectual property are adequate, particularly in foreign countries where the laws may not protect the Companyapstas proprietary rights as fully as in the United States
The Company relies on a combination of patent, copyright, and trade secret protection and nondisclosure agreements to protect its proprietary rights
However, the Company cannot be certain that patent and copyright law and trade secret protection will be adequate to deter misappropriation of its technology, that any patents issued to the Company will not be challenged, invalidated, or circumvented, that the rights granted thereunder will provide competitive advantages to the Company, or that the claims under any patent application will be allowed
The Company may be subject to or may initiate interference proceedings in the United States Patent and Trademark Office, which can demand significant financial and management resources
The process of seeking patent protection can be time-consuming and expensive, and there can be no assurance that patents will issue from currently pending or future applications or that the Companyapstas existing patents or any new patents that may be issued will be sufficient in scope or strength to provide meaningful protection or any commercial advantage to the Company
13 The Company may in the future initiate claims or litigation against third parties for infringement of the Companyapstas proprietary rights in order to determine the scope and validity of the Companyapstas proprietary rights or the proprietary rights of the Companyapstas competitors
These claims could result in costly litigation and the diversion of the Companyapstas technical and management personnel
New software products or enhancements may contain defects that could result in expensive and time-consuming design modifications or large warranty charges, damage customer relationships, and result in loss of market share
New software products or enhancements may contain errors or performance problems when first introduced, when new versions or enhancements are released, or even after such products or enhancements have been used in the marketplace for a period of time
Despite the Companyapstas testing, product defects may be discovered only after a product has been installed and used by customers
These errors could result in expensive and time-consuming design modifications or large warranty charges, damage customer relationships, and result in loss of market share
To date, there have been no known defects in the Companyapstas software products that materially affected the Companyapstas operations
The Company may be subject to product liability claims, which can be expensive, difficult to defend, and may result in large judgments or settlements against the Company
On a few occasions, the Company has received communications from third parties asserting that the Companyapstas products have caused bodily injury to others
Product liability claims can be expensive, difficult to defend, and may result in large judgments or settlements against the Company
In addition, third party collaborators and licensees may not protect the Company from product liability claims
Although the Company maintains product liability insurance in the amount of approximately dlra26 million, claims could exceed the coverage obtained
A successful product liability claim in excess of the Companyapstas insurance coverage could harm the Companyapstas financial condition and results of operations
In addition, any successful claim may prevent the Company from obtaining adequate product liability insurance in the future on commercially desirable terms
Even if a claim is not successful, defending such a claim may be time-consuming
The Companyapstas presence in international markets exposes it to risk
The Company has a presence in international markets and has experienced a fluctuation in international sales volume in recent years
Maintenance and continued growth of this segment of the Companyapstas business may be affected by changes in trade, monetary and fiscal policies, laws and regulations of the United States and other trading nations and by foreign currency exchange rate fluctuations
Availability of product components could harm the Companyapstas profitability
The Company obtains raw materials and certain manufactured components from third party suppliers
Although the Company deems that it maintains an adequate level of raw material inventory, even brief unanticipated delays in delivery by suppliers, including those due to capacity constraints, labor disputes, impaired financial condition of suppliers, weather emergencies, or other natural disasters, may adversely affect the Companyapstas ability to satisfy its customers on a timely basis and thereby affect the Companyapstas financial performance