| Business Summary | | Sense
Technologies,
Inc.
(STI)
is
a
developer
of
intellectual
properties
encompassing
microwave
safety
products
for
the
automotive
industry.
STI
owns
the
worldwide
manufacturing
and
marketing
rights
to
the
Guardian
Alert
microwave
radar
backup
warning
device.
The
Guardian
Alert
Backup
System,
which
was
acquired
through
a
License
Agreement,
is
a
back-up
obstacle
detection/collision
warning
system.
This
system
is
capable
of
warning
a
driver
in
the
event
that
there
is
an
obstacle
in
a
predefined
zone
directly
behind
a
rearwardly
moving
vehicle
that
could
present
an
accident
threatening
circumstance.
Drivers
of
motor
vehicles
have
always
had
a
certain
degree
of
difficulty
backing
up
due
to
their
inability
to
see
all
obstacles
while
operating
their
vehicles
in
reverse. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SNSG
manufactures
and
markets
patented
auto
safety
device
known
as
Guardian
Alert
Backup
Warning
System
which
is
a
doppler-sensing,
microwave-radar
technology
that
alerts
drivers
to
obstacles
behind
them
when
vehicle
is
in
reverse.
For
the
nine
months
ended
11/30/00,
sales
increased
29%
to
C$373
thousand.
Net
loss
rose
18%
to
C$1.2
million.
Results
reflect
higher
product
sales,
offset
by
increased
advertising
expense
and
interest
on
long-term
debt. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Gerald McIlhargey | Chairman,
Pres | Bruce Schreiner | Other,
Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|