| Business Summary | | New
World
Power
Corporation
is
an
independent
power
producer
that
focuses
on
distributed
power
solutions,
including
renewable
and
modular
generation
facilities.
The
Company
sells
electrical
capacity
and
energy
to
utilities
under
long-term
and
mid-term
contracts.
The
Company
currently
operates
two
wholly
owned
subsidiaries,
Wolverine
Power
Corporation
(Wolverine)
and
Modular
Power
Systems,
L.L.C.
(Modular).
Wolverine
is
a
10.5-megawatt
(MW)
hydroelectric
plant
near
Bay
City,
Michigan;
Modular
owns
43
MW
of
mobile,
trailer
mounted
and
containerized
diesel-fired
electric
generating
facilities
at
three
sites
in
Alma,
Chelsea,
and
Coldwater,
Michigan.
In
June
2000,
the
Company
exchanged
the
ownership
of
The
New
World
Power
Company
Limited
located
in
the
United
Kingdom
for
certain
outstanding
convertible
notes.
The
New
World
Power
Company
Limited
owned
a
3-MW
wind
farm
in
England,
known
as
Caton
Moor. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | New
World
produces
and
sells
electric
power
generated
from
renewable
resources,
including
wind,
sun
and
water,
and
develops,
assembles
and
sells
renewable
power
generating
systems.
For
the
three
months
ended
3/31/01,
revenues
decreased
28%
to
$298
thousand.
Net
loss
totaled
$443
thousand
vs.
an
income
of
$2
thousand.
Revenues
reflect
a
decrease
in
the
amount
of
available
water
for
the
hydroelectric
facility
at
Wolverine.
Net
loss
also
reflects
increased
advertising
and
professional
expenses. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
2,229;
after
tax
earnings
were
680. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| John Kuhns, 51 Chairman | -- | Frederic Mayer, 42 Pres,
Director | $143K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|