BNET Industries
Market Cap:$20.4M
Last Fiscal Year Sales:$121.0K
- Public
- US
Dow Jones Description
Torvec is a publicly owned development stage automotive technology company based in Rochester, NY. The Company's portfolio of revolutionary innovations draws upon the inventivness of the Gleasman family, whose patriarch, Vernon E. Gleasman, holds over 200 patents and is credited with ground-breaking automotive inventions such as the Torsen differential. Vernon's legacy is carried on by his sons James and Keith. Torvec, founded in 1996, has as its mission the creation and maximization of shareholder value via the commercialization of the Full Terrain Vehicle (FTV ), which incorporates several of the key patented technologies in the Company's impressive product portfolio. The company seeks to unlock the significant value inherent in its technology through a judicious blend of unparalleled automotive engineering expertise and professional management. By selling or licensing some or all of its portfolio, Torvec expects to generate the capital necessary to begin full-scale production of the FTV .
Peer Companies
NAICS Code Motor Vehicle Body Manufacturing: 336211
Recent Events
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RIT president joins Torvec board
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Torvec Appoints William Destler To Board - Quick Facts
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RIT President Appointed to Torvec Board of Directors
News & Analysis
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torvec inc. - All News and Analysis
UTEK Corporation Announces Acquisition of Exclusive License to Dartmouth De-Icing Technology and Sale of ISDI Subsidiary to Torvec, Inc
Business Editors/Technology & Education Writers PLANT CITY, Fla.--BUSINESS WIRE--Nov. 29, 2000 UTEK Corporation, Inc. (Nasdaq:UTOB) and Dartmouth College announced jointly today that the Trustees of Dartmouth College granted a worldwide exclusive license to Ice Surface Development, Inc. ISDI, a wholly owned subsidiary of UTEK Corporation, for the land-based,...
New transmission gets boost from investment
TORVEC Inc. has allocated $500,000 in new funds towards completing pre-production prototypes of a transmission that significantly reduces diesel soot emissions and fuel consumption in heavy-duty trucks. When production is completed, Torvec will send a diesel truck with the new transmission to the Environmental Protection Agency EPA for emissions and...
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