| Business Summary | | Tapistron
International
Inc.
was
organized
for
the
purpose
of
developing
or
acquiring
proprietary
technologies
in
the
textile
industry
and
commercializing
such
technologies
on
a
global
basis.
The
Company's
initial
technology
has
been
the
development
of
a
Computerized
Yarn
Placement
machine
for
producing
tufted
carpets
and
rugs
in
highly
versatile
patterns,
colors
and
textures.
The
Company's
Tapistron
machine
is
a
patented
process
designed
for
the
manufacture
of
patterned
tufted
floor
coverings
with
greater
flexibility
than
conventional
tufting
machines
currently
on
the
market.
The
Tapistron
machine
incorporates
an
innovative
technology
for
computerized
yarn
placement,
whereby
up
to
six
colors
and/or
types
of
yarn
per
needle
are
Electro-mechanically
selected,
placed
into
position
within
the
machine's
unique
needle
configuration
and
then
injected
into
a
primary
backing
as
directed
by
a
computer
utilizing
the
Company's
proprietary
software. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | TAPI
is
in
the
business
of
developing
or
acquiring
proprietary
technologies
in
the
textile
industry,
including
computerized
yarn
placement
(CYP)
machines
and
technology
for
dyeing
textile
materials.
For
the
nine
months
ended
4/30/01,
revenues
fell
54%
to
$2.8
million.
Net
loss
totalled
$1.3
million,
vs.
an
income
of
$728
thousand.
Revenues
reflect
decreased
sales
of
units.
Net
loss
reflects
lower
margins
as
a
result
of
machine
sales
to
penetrate
new
market
segments. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Reg Burnett, 66 Chairman | -- | Rodney Hardeman, Jr., 54 Pres
& CEO | $156K | Bruce Elliston, 52 Exec.
VP, Director | -- | 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
|
|