Email from CFO
Mr. XXXXXX,
The name was recently changed to TTC Technology Corp., as described in more detail in the Form 8-K I sent you previously. There are no additional name changes planned.
As disclosed in our proxy statement, after the asset sale the company is still in existence to (a) collect amounts due from Bendix pursuant to the Asset Sale, including amounts payable under the earn-out mechanism that are based on future sales of the former SmarTire products by Bendix, (b) attempt to license patents retained by the company after the asset sale, and (c) transact any other business as may arise. If any other business opportunities arise unrelated to the former SmarTire business, we will file public documentation accordingly. No such announcements have been made to date.
Please let me know if you have any additional questions.
Best regards,
David Dodge
Interim CFO
TTC Technology Corp. (formerly SmarTire Systems, Inc.)