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TWST: Would you give us a brief historical sketch of the company and a picture
of the things you're doing at the present time?
Mr. Lerman: The company had its beginnings back in the 1950s when a tube was put
into a lathe, the operator pressed the wrong buttons and a strange shape
resulted. That led to a technology that has been developed over the past 55
years, which creates surface-enhanced tubing used for a wide variety of heat
exchangers and heat exchanger components. The technology is applied to thin-
walled metal tubing, in virtually any metal, but predominantly carbon and
stainless steel, copper, copper alloys, aluminum, and titanium, and make surface
enhanced tubes, which is then sold to OEMs. TWST: Does any other company do anything very similar to that?
Mr. Lerman: There are other types of surface-enhanced tubes, but they are not
made quite as Turbotec does it. In fact, they are the only ones that I am aware
of that can produce titanium surface enhanced tubes having the properties the
process creates. And as a matter of fact, that has allowed Turbotec to capture a
large share of the swimming pool heater market, which requires exotic metals
because of the chlorine content in pool water that corrodes steels and copper
alloys.
Tickers included in this excerpt: TDYT
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