| Business Summary | | H.E.R.C.
Products
Incorporated
markets
a
line
of
specialty
chemical
products
and
chemical
cleaning
processes
for
use
in
pipe
systems
and
other
water-based
systems.
The
Company's
chemical
products
include
Pipe-Klean
and
Well-Klean,
which
remove
encrustation
from
water
pumping
and
distribution
systems,
Compound
360,
Compound
400,
Corr-Hib
and
Slug,
which
clean
and
maintain
cooling
and
other
water
treatment
systems
and
Line-Out,
which
cleans
drip
irrigation
systems
and
removes
salt
from
soil
surfaces.
The
Company
also
sells
private-label
chemical
products,
utilizing
its
patented
and
proprietary
formulations
or
products
complementary
to
its
formulations
for
key
customers.
The
Company's
largest
customer
is
the
Untied
States
Navy.
The
Company
provides
chemical
cleaning
services
for
pipe
systems
on
United
States
Navy
and
Coast
Guard
vessels | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | H.E.R.C.
Products
Inc.
is
a
chemical
and
engineering
technology
company
that
develops
and
patents
products,
equipment
and
services
for
use
on
water
scale
and
corrosion
in
soils,
on
surfaces
and
in
pipeline
systems.
For
the
six
months
ended
6/30/01,
revenues
fell
2%
to
$2.6
million.
Net
loss
totaled
$278
thousand
vs.
an
income
of
$155
thousand.
Results
reflect
lower
pipe
cleaning
services
and
chemical
product
sales,
lower
gross
margins
and
higher
personnel
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| S. Steven Carl, 43 Chairman
of Directors, Pres and CEO | $151K | Michael Harader, 33 VP
of Fin., CFO | -- | John Gulick III, 45 VP,
Corp. Gen. Counsel | -- | Dollar amounts are as of 31-Dec-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
|
|