| Business Summary | | Torvec,
Inc.
is
a
development
stage
company
specializing
in
automotive
technology.
The
Company
owns
many
United
States
and
international
patent
properties
protecting
inventions
relating
to
five
different
areas
of
automotive
technology:
steering
drive
for
tracked
vehicles,
infinitely-variable
transmission,
hydraulic
pump
and
motor,
constant
velocity
joint
and
spherical
gearing.
The
FasTrack
prototype
vehicle
is
a
new
type
of
tracked
vehicle
that
is
designed
to
steers
as
easily
as
a
car.
This
new
vehicle
is
designed
to
combine
the
high-speed
capabilities
of
trucks
and
cars
with
the
high-traction
capabilities
of
tracked
vehicles.
The
Company's
infinitely
variable
transmission
will
incorporate
a
hydraulic
pump/motor
machine,
which,
like
the
infinitely
variable
transmission,
is
designed
to
be
simpler,
smaller
and
lighter
than
other
commercially
available
pump/motors
having
comparable
performance
specifications. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Torvec,
Inc.
is
a
development
stage
company
specializing
in
automotive
technology.
The
Company
owns
many
United
States
and
international
patent
properties
protecting
inventions
relating
to
automotive
technology.
For
the
six
months
ended
6/30/01,
the
Company
reported
no
revenue.
Net
loss
increased
7%
to
$1.3
million.
Higher
loss
reflects
higher
R&D
expenses
due
to
increased
amounts
spent
on
the
FTV. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Herbert Dobbs, Ph.D., 69 Chairman | -- | Michael Martindale CEO | -- | Keith Gleasman, 53 Pres | $75K | Samuel Bronsky, 39 CFO | -- | Jacob Brooks COO | -- | 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
|
|