| Business Summary | | Titan
Technologies,
Inc.
is
engaged
in
several
recycling
technologies,
particularly
in
the
area
of
tires,
electronic
scrap
and
certain
components
of
salvaged
automobiles.
Titan's
tire
recycling
technology
has
been
used
in
three
plants
that
have
been
built
and
operated
in
the
Far
East
(South
Korea
and
Taiwan).
The
recycling
of
tires
using
the
Titan
technology
results
in
production
of
oil
(similar
in
quality
to
fuel
oil),
scrap
steel
and
carbon
black.
Historically,
much
of
Titan's
business
was
performed
through
Tire
Recycling
Technologies
Corporation
(TRTC),
formerly
a
wholly
owned
subsidiary
that
was
merged
into
Titan
during
1999.
TRTC
was
directly
involved
in
licensing
the
Company's
proprietary
technology,
as
well
as
construction
of
two
plants
in
South
Korea.
Both
Korean
plants
have
been
shut
down
because
of
the
economic
downturn
in
the
South
Korean
economy
and
the
insolvency
of
the
owners,
which
was
not
related
to
operation
of
the
plants. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Titan
Technologies,
Inc.
has
focused
its
efforts
on
several
recycling
technologies,
particularly
in
the
areas
of
tires,
electronic
scrap
and
certain
components
of
salvaged
automobiles.
For
the
nine
months
ended
4/30/01,
revenues
decreased
6%
to
$26
thousand.
Net
loss
rose
12%
to
$217
thousand.
Revenues
reflect
the
absence
of
licensing
income.
Higher
loss
also
reflects
higher
outside
services
expenses
due
to
increased
activities
by
management. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Ronald Wilder, 64 Pres,
CFO, Chief Operating Officer, Treasurer, Director | $42K | Robert Simon, 54 Sec. | -- | Dollar
amounts are as of 31-July-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
|
|