| | Business Summary | | Electrosource,
Inc.
is
engaged
in
the
manufacture
of
advanced
lead-acid,
rechargeable
storage
batteries
and
the
development
of
related
processes
and
technologies.
The
Company's
Horizon
battery
utilizes
plate
grids
made
from
a
patented
coextruded
wire
and
a
special
paste
mixture.
The
Company
is
developing
Horizon
battery
technology
for
use
in
many
applications
including
hybrid
vehicles,
electric
vehicles,
neighborhood
electric
vehicles,
electric
scooters,
lawn
and
garden
tools,
power
management
and
starting
power.
Electrosource
has
developed
a
new
type
of
energy-active
material,
or
paste,
for
use
in
lead-acid
battery
electrodes.
The
Company
also
invented
two
additional
paste
formulations,
each
of
which
may
contribute
to
the
reduction
of
battery
manufacturing
cost. | | Financial
Summary | | Electrosource,
Inc.
is
an
energy
storage
solutions
company
engaged
in
the
manufacture
of
advanced
lead-acid,
rechargeable
storage
batteries
and
the
development
of
related
processes
and
technologies.
For
the
nine
months
ended
9/99,
revenues
rose
7%
to
$1.6
million.
Net
loss
before
extraordinary
item
fell
55%
to
$2.7
million.
Revenues
reflect
higher
project
revenues.
Lower
loss
also
benefitted
from
labor
reductions,
lower
depreciation
and
amortization
costs,
and
lower
debt
level. | | | | FY1998 Pay | |
| Benny Jay, 60
Pres,
CEO | $113K | William Griffin, 51
Director | 176K | James Rosel, 50
Director | 115K | Gary Sams, 47
VP-
Contracts and Programs | 140K | Charles Mathews, 63
Chief
Engineer | -- | | Dollar amounts are as of 31-Dec-1998 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
|
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![[New!]](/old?u=http%3A%2F%2Fus.yimg.com%2Fi%2Fnew2.gif&y=1999){kind=small}
![[one-year price graph]](/old?u=http%3A%2F%2Fchart.yahoo.com%2Fc%2Fbb%2Fe%2Felsi.gif&y=1999)