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Mpm Technologies Inc

 
Hoover's Profile: MPM Technologies, Inc.
(OTC:MPML)
Contact Information
MPM Technologies, Inc.
199 Pomeroy Rd.
Parsippany, NJ 07054
NJ Tel. 973-428-5009
Fax 973-428-5027

Type: Public
On the web: http://www.mpmtech.com
Employees: 3
Employee growth: (57.1%)

MPM Technologies wants to keep the air free of contaminants by selling pollution control equipment and by developing alternative energy sources. The company's Airpol subsidiary makes high-temperature emissions control equipment, industrial wet and dry scrubbers, and other air pollution control devices for "FORTUNE" 500 and other large industrial and environmental customers around the world. MPM Technologies' 58%-owned Nupower unit is developing a waste-to-fuel process called Skygas to convert carbon-based waste (such as sewage sludge, tires, and medical waste) into clean-burning gas. Chairman and CEO Michael Luciano controls about 51% of the company, which was formed in 1983.

Key numbers for fiscal year ending December, 2008:
Sales: $0.6M
One year growth: (79.1%)
Net income: ($1.7)M

Officers:
Chairman, CEO, and Director: Michael J. Luciano
COO and Director: Frank E. Hsu
CFO and Director: Glen Hjort

Competitors:
CLARCOR
Clyde Bergemann EEC
Wheelabrator

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