| Business Summary | | U.S.
Wireless
Corporation
owns
a
network-based
proprietary
technology
that
locates
mobile
telephone
subscribers
by
recognizing
the
pattern
of
the
radio
waves
radiating
from
the
subscribers'
handsets.
The
Company's
location
technology
has
been
deemed
to
meet
or
exceed
the
Phase
II
requirements
of
the
FCC's
wireless
E-911
mandate.
U.S.
Wireless
plans
to
deploy
a
location
network
based
on
its
proprietary
technology
and
operate
it
as
a
service
bureau,
enabling
the
Company
to
enjoy
substantial
operating
leverage
by
providing
wireless
location
information
to
multiple
wireless
carriers
and
other
customers
for
multiple
applications. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | U.S.
Wireless
Corp.
has
developed
a
network-based
location
system
designed
to
enable
wireless
carriers
and
others
to
provide
their
customers
with
value-added
location-based
services
and
applications.
For
the
fiscal
year
ended
3/31/01,
revenues
fell
15%
to
$212
thousand.
Net
loss
applicable
to
Common
increased
85%
to
$32.7
million.
Results
reflect
reduced
revenues
earned
under
the
Maryland
contract
and
increased
research
and
development
and
litigation
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| Louis Golm, 59 Chairman | -- | Dennis Francis, 49 CEO,
Director | -- | Dale Stone, 53 Pres,
COO, Director | $240K | Donald Zerio, 41 CFO | 75K | Richard Mudge, Ph.D., 55 Pres,
Compass Services | 140K | Dollar amounts are as of 31-Mar-2001 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
|
|