| Business Summary | | Xxsys
Technologies,
Inc.
was
organized
to
develop
non-destructive
testing
and
measurement
techniques
for
advance
materials
in
the
defense
industry.
The
Company's
current
commercial
application,
the
Robo-Wrapper
machine
and
application
process,
is
a
proprietary
technology
that
produces
carbon-based
composite
jackets
designed
to
upgrade
structurally
deficient
or
corroded
structures
that
support
highway
bridges
and
buildings
that
could
collapse
during
seismic
activity
or
from
corrosive
decay.
The
Company's
primary
business
focus
is
to
use
its
proprietary
retrofit
and
rehabilitation
processes
to
upgrade
aging
bridges,
buildings
and
other
structures
by
wrapping
the
structural
elements
with
composite
materials. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Xxsys
Technologies,
Inc.'s
primary
business
focus
is
to
use
its
proprietary
retrofit
and
rehabilitation
processes
to
upgrade
aging
bridges,
buildings
and
other
structures
by
wrapping
the
structural
elements
with
composite
materials.
For
the
three
months
ended
12/31/98,
revenues
fell
91%
to
$27
thousand.
Net
loss
totalled
$650
thousand,
up
from
$308
thousand.
Revenues
reflect
project
delays
and
a
reduction
in
government
grants.
Loss
also
suffered
from
the
absence
of
a
$375
thousand
consulting
fee. | More
from
Market Guide: Significant
Developments |
| Officers | | Gloria
C.L. Ma
Ph.D.,
Chmn./CEO Robert
E. Farris,
Vice
Chmn. Randall
Smith,
CFO Lawrence
D. Cercone
Ph.D.,
VP. | More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|