CORE BUSINESS, HISTORY, PRODUCT MIX
Topro, Inc., and its subsidiaries, doing business as TAVA Technologies, Inc., (the "Company"), a leading control systems integrator, provides software applications, system design and configuration in the manufacturing process control industry. Process control systems are sophisticated computer controlled packages of measurement instruments and other devices that provide automatic control of manufacturing processes while acquiring, converting and storing process data for use by operators and management information systems.
Manufacturing and process industries utilize the Company's products and services to realize greater efficiencies in operation.
From its formation in 1974 through fiscal 1994, the Company operated primarily through its subsidiary Topro Systems Integration, Inc. ("Topro Systems"). Through Topro Systems, the Company is engaged in designing, developing, assembling, marketing and servicing integrated process control systems primarily to governmental and municipal entities for water and waste-water treatment plants and, to a lesser extent, to industrial customers in the chemical, petroleum, mining, electric power and food processing industries.
During 1991, the Company acquired Tech Sales, Inc. ("Tech Sales"). Through Tech Sales, the Company acted as a manufacturer's representative and distributed components and devices used in process control applications.
During fiscal 1995, the Board of Directors appointed its current Chief
Executive Officer as part of a plan to address and improve the Company's performance. At that time, the Board approved a strategic plan to re-focus the Company's operations in its core business of control systems integration.
From FORM 10-KSB For the fiscal year ended June 30, 1997
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