and its subsidiaries engage in the research, development, and manufacture of permanent magnet electric motors and power electronic controllers (PECs) for the automotive, aerospace, medical, military, and industrial markets.
The company operates in two segments, Technology and Mechanical Products.
The Technology segment conducts customer funded and internally-funded research and engineering activities directed toward the development of new motors, generators, and PECs to meet the requirements of customers’ specific product applications; integration of its motors, generators, and PECs into customers’ products; and support of its power products segment and the low volume manufacture of motors, generators, and PECs.
The Mechanical Products segment manufactures and sells permanent magnet motors.
The company was founded in 1967 and is headquartered in Frederick, Colorado.
