Last $0.19 USD
Change Today 0.00 / 0.00%
Volume 45.6K
TOVC On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

torvec inc (TOVC) Snapshot

Open
$0.17
Previous Close
$0.19
Day High
$0.20
Day Low
$0.17
52 Week High
04/1/14 - $0.49
52 Week Low
12/16/14 - $0.14
Market Cap
8.7M
Average Volume 10 Days
46.5K
EPS TTM
$-0.14
Shares Outstanding
45.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TORVEC INC (TOVC)

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torvec inc (TOVC) Details

Torvec, Inc. designs, develops, builds, and commercializes automotive technologies. It focuses on the commercialization of various technologies, including IsoTorque Differential, a fully mechanical and high traction differential that provides an order of magnitude better performance than existing technologies for automotive and commercial vehicle use; Torvec Hydraulic Pump, a departure from traditional axial piston pump designs that features a non-rotating cylinder block to provide reversible flow direction; and Vehicle Steer-Drive, a mechanism that enables tracked vehicles to steer like a car. The company was founded in 1996 and is based in Rochester, New York.

13 Employees
Last Reported Date: 03/28/14
Founded in 1996

torvec inc (TOVC) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $50.0K
President, Vice-President of Marketing and Di...
Total Annual Compensation: $96.2K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $200.0K
Advisor
Total Annual Compensation: $168.3K
Compensation as of Fiscal Year 2013.

torvec inc (TOVC) Key Developments

Torvec, Inc. Announces New Technology

Torvec, Inc. announced that the company is performing due diligence and developing proprietary technology designed to measure in quantifiable terms the decrease in a person's alertness, thus enabling that person, their employers, and others to take measures to avert a disastrous situation. The company's invention is a wearable device consisting of hardware and software that measures unique multiple metrics in order to establish that a person's ability to perform is degrading. It has been estimated that approximately 250,000 U.S. drivers per day fall asleep at the wheel resulting in numerous serious and often fatal truck, bus, train and automobile accidents. While the root causes of alertness impairment can include simple drowsiness, medication and drugs, sickness, physiological and psychological issues, alcohol, stress, and work-related conditions, the salient feature common to the syndrome is a degradation of a person's ability to perform important functions over a period of time. The company has filed for patent protection for its invention and its unique software and algorithms. Currently, the company is targeting to market prototypes in mid to late 2015 and to be shipping product to customers by the end of 2015 or the beginning of 2016.

Torvec, Inc. Announces Resignation of William Mark Mcvea as Chief Technology Officer

Torvec, Inc. announced that Dr. William Mark McVea resigned from the company in his position as its chief technology officer for personal reasons. It is anticipated that Dr. McVea will continue his association with the company in an advisory consulting capacity.

Torvec, Inc., Annual General Meeting, Jun 12, 2014

Torvec, Inc., Annual General Meeting, Jun 12, 2014., at 19:00 US Eastern Standard Time. Location: Casa Larga Vineyards. Agenda: To consider and act upon a proposal to elect to the company's board of directors the 10 persons nominated by the board of directors; to consider and act upon a proposal to ratify the appointment of Freed Maxick CPAs, P.C. as the company's independent registered public accounting firm for the 2014 fiscal year; and to consider and act upon an advisory resolution on executive compensation.

 

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Industry Analysis

TOVC

Industry Average

Valuation TOVC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 173.7x
Price/Book 2.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales 80.1x
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