Continued
Year End 2003 10-KSB
"...each of the company's inventions can be commercialized on an individual basis and the company intends to license and/or jointly commercialize each of its inventions separately in order to generate monies necessary to fully develop and commercialize the company's FTV." << radical idea! Sounds like the Bidding War concept. -dread>>
April 2, 2004 Press Release. "Torvec also announced that Nissan Diesel America and other companies are now reviewing Torvec's business plan for marketing its Full Terrain Vehicle." <<this must have been the year of the name change from FasTrack Vehicle to Full Terrain Vehicle. Personally, I always liked FasTrack better. -dread>>
"In addition to demonstrating that our transmission achieved superior fuel economy, tests also confirmed that other objectives, long sought by the automotive industry, were achieved:
.........
* the development of an advanced accumulator system which will generate significant additional fuel savings."
"Published results released by Eaton and the Ford Motor Company indicate that vehicles can achieve an additional 25% to 30% fuel savings by using an accumulator system."
"The company's CVJ....may provide significan competitive advnatage in the annual constant velocity joint market of over 200,000,000 per year.......The constant velocity joint has great potential as a general component to many automotive suppliers, providing a proprietary offering in a commodity field with annual unit sales of 200 million." << A 3% market share would be 6M units which at a net profit of $40 per advanced CVJ design would generate $240M per year. An investment in 31M TOVC shares at $8.50 would pay off in the first year. - dread>>
"Iso-Torque differential - the company has engaged the investment banking firm of Billow, Butler, LLC, Chicago, Illinois to solicit indications of interest from companies regarding the possible licensing of this technology..."
"...we have developed three methods of de-icing glass and other vehicle surfaces. We are developing, jointly with a partner, coatings suitable for applying micro-circuitry to glass and other surfaces."
Election of Directors: Steenburgh, Keith, DObbs, James A. Gleasman, Gary, Joe Alberti, Dan Bickel
2002 Stock high: $2.59 ________ Stock low: $0.60
2003 Stock high: $3.00 ________ Stock low: $0.62
<<5 years and numerous patents later, we're trading today (Jan 29, 2008) at the same high's.>>
"Don't confuse activity with results" - Crilly
