| Business Summary | | Power
Spectra,
Inc.
is
a
high
technology
corporation
engaged
in
the
design
and
fabrication
of
proprietary
power
semiconductor
systems
that
switch
megawatt
power
levels
at
sub-nanosecond
pulse
durations
with
excellent
pulse
integrity
and
repeatability.
Prior
to
the
second
half
of
1996,
the
Company
was
largely
involved
in
research
and
development.
Until
1996,
the
Company
had
primarily
focused
its
technology
on
military
applications.
In
mid-1996,
the
Company
made
a
decision
to
focus
the
bulk
of
its
efforts
on
the
development
of
Ground
Penetrating
Radar
(GPR)
technology
and
systems
for
a
variety
of
commercial
applications.
Power
Spectra
had
launched
a
comprehensive
analysis
of
the
commercial
GPR
systems
marketplace,
and
simultaneously
had
successfully
tested
an
application
of
its
enabling
technology
in
a
stand-off
GPR
system.
Based
on
this
demonstration
and
the
subsequent
market
assessment,
the
Company
changed
its
principal
business
focus
from
the
military
to
the
commercial
sector. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PWSP
develops,
designs,
manufactures
and
markets
a
family
of
products
that
utilize
proprietary
Gallium
Arsenide
high-speed
semiconductor
devices
capable
of
generating
extremely
rapid,
high-power
electromagnetic
impulses.
For
the
nine
months
ended
9/30/98,
revenues
fell
32%
to
$455
thousand.
Net
loss
applicable
to
Common
decreased
20%
to
$1.5
million.
Results
reflect
reduced
revenues
from
the
LandRay
Contract,
offset
by
reduced
overhead
and
advertising
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1997 Pay | |
| Gordon Smith, 69 Chairman
and CEO | $170K | Charles Byer, 53 Pres
and COO | 153K | Edward Lamb, 50 CFO,
Sec. and Controller | 115K | Dollar amounts are as of 31-Dec-1997 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
|
|