| Business Summary | | Technology
General
Corporation
(Tech
Gen)
is
the
parent
company
and
successor
to
Aerosystems
Technology
Corporation,
which
operates
four
divisions
and
one
subsidiary.
The
Precision
Metalform
Division
is
engaged
in
the
manufacturing
of
a
variety
of
deep
drawn
metal
components
used
primarily
in
the
writing
instruments
industry
and
cosmetic
industry.
The
Eclipse
Systems
Division
manufactures
numerous
products,
including
spray
coating
systems
and
industrial
air-driven
mixers.
The
Clawson
Machine
Division
is
engaged
in
the
manufacture
of
a
line
of
ice
crushing
equipment
that
is
used
by
hotels
and
restaurants.
The
Aerosystems
Division
is
the
lessor
of
a
24,000-square-foot
industrially
zoned
building,
which
presently
has
two
tenants.
Transbanc
International
Investors
Corporation,
a
wholly
owned
subsidiary,
is
a
real
estate
holding
company
that
leases
its
115,000-square-foot
building
to
industrial
tenants. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Technology
General
Corp.
operates
four
divisions
and
one
subsidiary:
Precision
Metalform
division,
Eclipse
Systems
division,
Clawson
Machine
division,
Aerosystems
division,
and
Transbanc
Int'l
Investors
Corp.
For
the
fiscal
year
ended
3/31/01,
revenues
decreased
14%
to
$2.7
million.
Net
loss
totaled
$985
thousand,
up
from
$16
thousand.
Revenues
reflect
declines
in
the
industrial
equipment
market
and
the
loss
of
a
major
purchaser.
Loss
also
reflects
worsened
operating
margins. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Charles Fletcher, 78 | Chairman
and Pres | Jeffrey Fletcher, 47 | Exec.
VP | Helen Fletcher, 72 | Sec.,
Treasurer |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|