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1999 Mt. Read Blvd., Bldg. 3 Rochester, NY 14615 NY Tel. 585-254-1100 Fax 585-254-1105 |
Type: Public
On the web:
http://www.torvec.com
Employees:
12
Employee growth: 0.0%
A development-stage company, Torvec hopes to bring its Torvec FTV (full-terrain vehicle) to the markets of developing nations. The FTV has the body of a truck, but has tracks similar to those of a tank. The tracks enable the FTV to venture where a mere wheeled vehicle would fear to tread. Several technologies developed by the late Vernon Gleasman and members of his family, including an infinitely variable transmission and a steering drive and suspension system for tracked vehicles, are being incorporated into the FTV. The company is working with Ford Motor to develop a version of the FTV to be manufactured and distributed in the US initially and then marketed globally.
Key numbers for fiscal year ending December, 2008:
Sales: $0.1M
One year growth: (4.0%)
Net income: ($1.7)M
Officers:
Chairman: Gary A. Siconolfi
CEO, Interim CFO, and Director: James Y. (Jim) Gleasman
President, CTO, and Director: Keith E. Gleasman
Competitors:
AM General
General Dynamics Land Systems
Oshkosh Truck
