| Business Summary | | Airtrax,
Inc.
is
a
development
stage
company
that
has
developed
an
omni-directional
wheel
technology
intended
to
be
used
for
various
commercial
applications.
An
omni-directional
vehicle
employing
the
Company's
technology
is
capable
of
traveling
in
any
direction.
The
Company's
ATX
series
forklift
products,
using
the
revolutionary
omni-directional
technology,
will
deliver
unequaled
maneuverability
providing
significantly
improved
operating
efficiencies
in
the
materials
handling
industry.
The
Company
has
conducted
a
preliminary
design
of
an
omni-directional
wheel
for
wheelchair
applications.
In
addition
to
the
military
applications
relating
to
SBIR
contracts,
the
Company
has
proposed
to
adapt
its
ATX
omni-directional
forklift
product
line
for
use
on-board
Military
Sealift
Command
and
Navy
re-supply
ships. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Airtrax,
Inc.
was
formed
to
commercialize
omni
technology
transferred
to
Airtrax
by
the
U.S.
Navy,
and
is
currently
producing
or
developing
forklifts,
wheelchairs
and
man-lifts
utilizing
omni-directional
technology.
For
the
six
months
ended
6/30/01,
sales
rose
from
$32
thousand
to
$88
thousand.
Net
loss
applicable
to
Common
rose
1%
to
$368
thousand.
Revenues
reflect
higher
contract
revenues
from
the
U.S.
Navy.
Higher
loss
reflects
higher
prototype
development,
marketing
and
promotional
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Peter Amico, 56 Chairman,
Pres | $91K | D. Barney Harris, 39 Exec.
VP, Director | -- | John Watt, Jr., 62 Sec.,
Director | -- | Dollar amounts are as of 31-Dec-1999 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
|
|