Technology General Corporation manufactures deep-drawn metal-formed products, ice crushing, and shaving equipment. The company also manufactures and distributes spray coating and industrial mixer systems, and sells its products to various users primarily throughout the United States. In addition, Transbanc International Investors Corporation (Transbanc), a wholly owned real-estate holding subsidiary is the owner of various industrial properties located in the Borough of Franklin, New Jersey. Two of these properties provided for an 115,000 square feet industrial building located on 12.5 acres and the other provides for company executive offices and industrial buildings on 43 acres. In addition, Transbanc is the owner of 103 acres of undeveloped farm land that is seeking a zone change for a major senior housing complex. Divisions The company operates in three divisions: Precision Metalform, Eclipse Systems, and Clawson Machine. Precision Metalform Division The Precision Metalform Division engages in manufacturing of various deep drawn metal components used primarily in the writing instruments industry and cosmetic industry. The Precision Metalform Division provides its products primarily to domestic companies. Precision Metalform manufactures metal writing instrument components in the United States. Their primary products consist of caps, barrels and refill tubes that make up the primary components of writing instrument assemblies. Cosmetic closures are directly provided to the cosmetic companies that manufacture various products requiring metal closures. Eclipse Systems Division The Eclipse Systems Division manufactures various products, including spray coating systems and industrial air-driven and electric mixers. Their spray coating systems are used mainly for coating industrial products and the industrial mixers are used primarily in the chemical and food processing industries. In addition to the heavy duty industrial Gat spray gun, Eclipse carries a line of siphon, pressure and gravity feed guns in both standard and HVLP models. Eclipse manufactures a line of portable and fixed Position mixers for all industries. Standard models are available in air or electric drive with gear reduction models in the major sizes. Typical uses are found in the chemical, plating, paint, printing, food and pharmaceutical industries. Clawson Machine Division The Clawson Machine Division engages in the manufacture of a line of ice shaving and crushing equipment that is used by hotels, restaurants, cruise liners and the like. Transbanc International Investors Corporation (Transbanc), a wholly owned subsidiary, is a real estate holding company which leases its 115,000 square foot building to industrial tenants. The Hail Queen and Princess Chipper ice crushers are specified as ‘standard equipment’ in many major restaurant chains. Additionally, Clawson manufactures ice shaving equipment for block and cubes including various models specifically designed for snow cones used in the amusement industries. These models include options such as shaved ice storage bins, cup and syrup dispensers. Customers The company’s major customers include the SeaKing Trading, Co.; Statigic Equipment, Co.; the Cincinnati Ice, Co.; Pioneer Industries; Accutec, Inc.; and Sheaffer Pen. History Technology General Corporation was incorporated in 1957.
technology general corp (TCGN:OTC US)
12 Cork Hill Road
Franklin, NJ 07416
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