OTCM
PRAC
Market cap576kUSD
May 07, Last price
0.14USD
Name
Productivity Technologies Corp
Chart & performance
Notes
No notes on this company yet
Write a private note on this company, for your eyes only
Profile
Productivity Technologies Corp. (PRAC), through its various subsidiaries, focuses on the creation and distribution of automated industrial systems, a diverse range of industrial machinery, and tailor-made electrical control panels. The company furnishes specialized equipment, including quick die change solutions, press automation systems, flexible transfer mechanisms, and stacking/destacking apparatus, primarily aimed at optimizing metal stamping processes within the automotive industry and other manufacturing sectors. Furthermore, PRAC undertakes the engineering, fabrication, and deployment of bespoke electrical control panels. These panels are largely incorporated into production machinery and machine tools utilized in numerous industrial contexts, such as the automotive, adhesive and sealant, and food processing industries. PRAC’s clientele is broad, encompassing manufacturers of vehicles and automotive components, appliance producers, and steel service centers. It also supplies companies that produce lawn and garden equipment, office furnishings, heating, ventilation, and air conditioning (HVAC) systems, and heavy construction equipment. Its market reach extends across the United States and internationally. Established in 1993, the company was originally named Production Systems Acquisition Corporation, before adopting its current identity, Productivity Technologies Corp., in May 1996. Headquartered in Fenton, Michigan, PRAC maintains additional sales and engineering facilities in Michigan, Germany, and China.
Key people
Samuel Seidman
Chairman of the Board, President, Chief Executive Officer · since 1999
William Rogner
Chief Executive Officer of Atlas Technologies, Inc
Robert Cuccaro
Vice President, Controller; President of Westland Control Systems, Inc. · since 2000
Jesse Levine
Chief Financial Officer, Vice President, Secretary, Treasurer and Director · since 1996
Michael Austin
SVP - Strategic Planning and Marketing, President - Atlas Technologies, Inc, Director
Alan Foster
Director · since 1993
Valuation
No data to show