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Last $0.45 USD
Change Today +0.05 / 12.50%
Volume 6.2K
As of 8:10 PM 10/2/15 All times are local (Market data is delayed by at least 15 minutes).

torvec inc (TOVC) Snapshot

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52 Week High
09/15/15 - $0.76
52 Week Low
04/10/15 - $0.05
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torvec inc (TOVC) Details

Torvec, Inc. develops and markets advanced technologies in the areas of power and safety. It focuses on the commercialization of various technologies, including Warning Alertness Metrics Watch, a wearable safety device, which predicts a user’s level of alertness/fatigue; Torvec Hydraulic Pump/Motor, departure from traditional axial piston pump designs that features a non-rotating cylinder block and unique flow control to provide greater power density and efficiencies than existing hydraulic devices due to its compact and lightweight design; IsoTorque Differential, a fully mechanical and high traction differential, which provides an order of magnitude better performance than existing technologies for automotive and commercial vehicle use; and Vehicle Steer-Drive, a mechanism that enables tracked vehicles to steer like a car. The company was founded in 1996 and is headquartered in Rochester, New York.

12 Employees
Last Reported Date: 03/3/15
Founded in 1996

torvec inc (TOVC) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $44.2K
Vice President of Engineering
Total Annual Compensation: $119.5K
Compensation as of Fiscal Year 2014.

torvec inc (TOVC) Key Developments

Torvec, Inc. Announces New Appointments; Announces Reorganizations Changes

Torvec Inc. has announced that the corporation has closed on the purchase of certain assets of Alertness Solutions Inc. The assets consist of the Z Coach tool; a robust web based training and educational software for the Fatigue Management Consulting Industry. The company stated that Ms. Leigh White, president of Alertness Solutions, will be joining Torvec as Executive Vice President of the Fatigue Management Consulting Division. Effective September 1, 2015, Torvec, Inc. hired Kathleen A. Browne as the company's Chief Financial Officer. Prior to this, Ms. Browne had been serving as the company's interim Chief Financial and Principal Accounting Officer pursuant to an out-sourcing service arrangement with ProNexus, LLC of Pittsford New York. Ms. Browne has served as the Chief Financial Officer of U-Vend, Inc. since 2014. From 2007-2014, she was the owner of Browne Consulting, a professional services firm advising early stage public companies on financing and compliance. The company also announced the creation of an Advisory Board for the Fatigue Management Consulting Division. They are: Dr. Kenneth Wright Jr. of the University of Colorado at Boulder; Dr. Richard J. Hanowski of Virginia Tech; Dr. Jonathan A. Marcus of the University of Rochester; Dr. Laura K. Barger of Harvard University and Dr. Melissa Mallis Scientist, expert and researcher in Fatigue Risk Management Systems. The company also announced that it has split the company into two divisions. The CURA Division will oversee Fatigue Management Consulting business, and the Aegis Division that will oversee Power and Hydraulic business. The new name of the company will be CurAegis Technologies Inc. This will be used as a DBA until the next shareholders meeting when it will officially change the name.

Torvec, Inc., Annual General Meeting, Jun 18, 2015

Torvec, Inc., Annual General Meeting, Jun 18, 2015., 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 2015 fiscal year; and to consider and act upon an advisory resolution on executive compensation.

Torvec, Inc. Appoints Kathleen A Browne as Interim Chief Financial and Principal Accounting Officer

Torvec, Inc. announced that on April 13, 2015 the company engaged Kathleen A Browne, CPA to serve as the company's interim Chief Financial and Principal Accounting Officer pursuant to an umbrella arrangement with ProNexus, LLC of Pittsford, NY.


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