| Business Summary | | Technology
Research
Corporation
(TRC)
designs
and
supplies
power
monitors
and
control
equipment
to
the
United
States
Military
and
its
prime
contractors.
The
Company
also
designs
and
supplies
portable
electrical
safety
products
for
the
commercial
marketplace.
TRC
was
incorporated
in
June
1981
with
the
intended
purpose
of
pursuing
orders
for
products
to
be
designed
and
manufactured
for
sale
to
the
military
engine
generator
set
controls
market,
a
segment
in
which
the
Company's
founders
had
acquired
substantial
experience.
After
establishing
a
military
product
base,
the
Company
turned
its
efforts
to
the
commercial
markets
based
on
the
founder's
expertise
in
ground
fault
sensing
technology.
This
"core"
technology
led
to
the
development
of
products
that
sense
dangerous
power
leakage
from
appliances,
tools
and
other
electric
devices
and
then
immediately
cut
off
the
power
before
this
leakage
can
cause
a
fire,
electrocution
or
serious
injury
from
electrical
shock. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Technology
Research
designs,
develops,
manufactures
and
markets
electronic
control
and
measurement
devices
for
the
distribution
of
electricity.
For
the
three
months
ended
6/30/01,
revenues
fell
14%
to
$4.1
million.
Net
income
fell
99%
to
$2
thousand.
Revenues
reflect
decreased
commercial
sales
due
to
lower
level
of
business
with
Xerox
and
its
suppliers.
Earnings
also
suffered
from
higher
off-shore
labor
costs,
which
increased
by
30%
late
in
the
third
quarter
of
FY'01. | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| Robert Wiggins, 71 Chairman,
CEO | $225K | Raymond Legatti, 69 Pres,
Director | 125K | Scott Loucks, 39 CFO,
VP-Fin. | -- | Raymond Wood, 66 Sr.
VP of Gov. Operations and Marketing | 125K | Dollar amounts are as of 31-Mar-2001 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
|
|