| Business Summary | | Wilshire
Technologies,
Inc.
specializes
in
the
development,
manufacture
and
marketing
of
polyurethane
gloves
for
use
in
cleanrooms.
The
Company
focuses
primarily
on
products
used
in
industrial
cleanrooms,
such
as
gloves
and
contamination
control
products.
The
Company
has
signed
an
agreement
with
the
Lycra
division
of
E.I.
DuPont
de
Nemours
and
Company,
which
will
develop
and
supply
a
new
proprietary
polyurethane
material
that
Wilshire
will
use
to
manufacture
and
sell
a
new
disposable
polyurethane
glove
for
industrial
cleanroom
applications.
In
conjunction
with
the
Agreement,
the
Company
also
entered
into
a
Trademark
License
Agreement
with
DuPont
that
allows
the
Company
to
market
the
new
polyurethane
glove
under
the
Lycra
trademark.
The
Company
sold
previous
glove
products
under
two
brand
names,
DuraCLEAN
and
PolyDERM,
and
is
considering
marketing
future
glove
products
under
these
names. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Wilshire
Technologies
develops,
manufactures
and
markets
engineered
polymer
products
for
industrial
clean
room
use,
such
as
gloves
and
contamination
control
products.
For
the
six
months
ended
5/31/01,
net
sales
fell
90%
to
$130
thousand.
Net
loss
rose
3%
to
$3
million.
Results
reflect
sale
of
the
Wilshire
Contamination
Control
Division
to
Foamex
Asia
on
5/19/00,
partially
offset
by
consulting
income
earned
under
the
Foamex
agreement
and
the
absence
of
asset
sale
losses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Ronald Cantwell, 57 Chairman | -- | Kevin Mulvihill, 50 Pres
and CEO | $213K | Derek Warneke, 37 VP-Operations
and Technology | 106K | Kathleen Terry, 47 VP
and CFO | 223K | Fred Pisacane, 44 VP,
Sales and Marketing | -- | Dollar amounts are as of 30-Nov-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
|
|