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Torvec, Inc. (TOVC/TOVC.OB) Wrap Up:

Torvec, Inc. engages in the design and development of automotives and related technologies for use in automotive applications. The company primarily develops a full terrain vehicle, which combines the speed capabilities of trucks and cars with the traction capabilities of tracked vehicles. It also develops and designs applications relating to Iso-torque differential; infinitely variable transmissions for diesel and gasoline engines; steering drive and suspension system for tracked vehicles; steel-reinforced rubber tracks; hydraulic pump and motor; and constant velocity mechanism, as well as Ice Technology. Torvec was founded in 1996 and is based in Rochester, New York.
www.torvec.com
3 Employees
Founded in 1996

Torvec, Inc. (TOVC:OTC Bulletin Board Market)

LAST $0.50 USD
CHANGE TODAY -0.04 -7.41%
VOLUME 11.2K
As of 2:19 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Torvec, Inc. (TOVC)

OPEN
$0.54
PREVIOUS CLOSE
$0.54
DAY HIGH
$0.54
DAY LOW
$0.44
52 WEEK HIGH
01/9/09 - $1.65
52 WEEK LOW
11/19/09 - $0.40
MARKET CAP
17.6M
AVERAGE VOLUME 3 mo
22.2K
DILUTED EPS TTM
$-0.10
SHARES OUTSTANDING
35.2M
TOVC Does Not Pay Dividends
P/E TTM
NM
K = Thousands  M = Millions  B = Billions

TOVC Top Compensated Officers

Mr. James Y. Gleasman
Chief Executive Officer, Interim Chief Financ...
Age: 69
Total Annual Compensation: --
Mr. Keith E. Gleasman
President, Consultant, Director and Member of...
Age: 62
Total Annual Compensation: --
Mr. Richard B. Sullivan
General Counsel
Total Annual Compensation: --

Executives, Board Directors

Compensation as of Fiscal Year 2008.

Key developments for Torvec, Inc. (TOVC)

Torvec Inc. Appoints William W. Destler as Director

Torvec Inc. announced that Dr. William W. Destler, President of Rochester Institute of Technology, will become a director of the company, effective September 15, 2009.

Rochester Institute of Technology and Torvec Inc. Signs Agreement to Create Safety and Efficiency in Automobiles Laboratory on the RIT Campus

Rochester Institute of Technology and Torvec Inc. signed a memo of understanding to create the Safety and Efficiency in Automobiles Laboratory on the RIT campus. The new lab will focus on developing advanced automotive and related energy technologies as well as open up new employment opportunities in the manufacture and production of high-tech automotive equipment. As stated in the agreement, the parties have agreed to: Provide RIT faculty, staff and students with access to Torvec advanced automotive and related energy technologies and know-how and provide Torvec personnel with access to RIT personnel, facilities and laboratories; Engage each other's personnel, resources and facilities to refine and evaluate advanced automotive technologies and related energy technologies, including Torvec's, with a view to enhance the design-specific aspects of such technologies for manufacturing and mass production; Establish educational and training programs for RIT personnel, including where appropriate, creating and designing cooperative educational and employment opportunities for RIT students in the fields of advanced automotive and related energy technologies; Engage additional domestic and international automotive and related energy companies in the purposes and programs of SEAL; Engage in mutual efforts to obtain governmental and nongovernmental funding for the purposes and programs of SEAL.

Torvec Announces New Green Hybrid Technology

Torvec Inc. announced that its patented IVT gearing allows for design flexibility so that the company can create a Power Split Device (PSD) for Gas Electric Hybrid Technology. Working with NASA on an all electric version of the company's IVT for the next generation Lunar Rover has lead to this breakthrough configuration for hybrid vehicles. The term PSD is essentially a transmission with more then one power source (i.e. gas/diesel engine & electric motor powered by a battery pack). Torvec's patented PSD has the ability to level the playing field for companies that compete with Toyota and their Prius PSD technology. Torvec's technology will function similarly to Toyota's, with the same driver feel and performance and with future investigation might afford several advantages over Toyota's technology. This PSD technology is ideal for compact to full sized vehicles, while Torvec's Hydraulic IVT design will afford larger vehicles greater fuel savings over the stock vehicle.

otc, otcbb, pinksheet, TOVC, ob Torvec, Inc.

TOVC Competitors

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No competitor information is available for TOVC.
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Industry Analysis

Valuation TOVC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 63.2x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales 65.5x

TOVC

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