As you know we have started to sell the Isotorque® differential into the automobile after-market. With limited effort, we have received orders for approximately 40 units for high powered Corvettes and Camaros. This along with feedback we have received makes us confident that we have a very salable product.
I would like to take this opportunity to thank all of our shareholders, vendors, employees and everyone associated with Torvec for all their support and patience. I look forward to 2013 be a great year for Torvec. We wish you all a very happy holiday season and a wonderful new year. I will have a regular CEO report in mid-January.
Richard A. Kaplan
These are very important times for Torvec in that both our products, the IsoTorque Differential and the New Hydraulic Pump, are in testing.
As I have stated earlier, August and September are going to be important months for our company.
We have started our testing of the IsoTorque® differential with our new proprietary gear forms and we are very excited with the results. None of our previous differentials have ever passed these tests before. As a result of these tests, we now know that, with a little “fine tuning” engineering, we will finally have not only a great performing differential (which we have always had), but a strong and durable differential.
We are looking forward to seeing you at our shareholders meeting on June 14th 2012 at 7:00 pm at Casa Larga Vineyards (2287 Turk Hill Road, Fairport, NY).
I would like to start by wishing our shareholders a happy holiday season and a healthy, prosperous New Year. As I look back on 2011 I feel we have made great strides towards commercializing our two initial products: the IsoTorque® differential and the Rota-Torque™ hydraulic pump. Here is an update on both.