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Prospector
Profile
07.1136
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| Atmospheric Glow Technologies, Inc. |
NAICS |
541710 |
| 924 Corridor Park Boulevard
Knoxville, TN 37932 |
Description |
Engineering Research & Development |
| (865) 777-3776 |
Employees |
16 |
| http://www.a-gtech.com/ |
Revenue |
(mil) |
1.9100 |
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Income |
(mil) |
-2.6730 |
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Assets |
(mil) |
1.4090 |
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Liability |
(mil) |
4.3710 |
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(for the year ended 2007-03-31) |
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Category:
Default
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Event:
Atmospheric Glow Technologies, Inc. has incurred net losses of approximately $2,674,000, $2,579,000, and $9,259,000 for the years ended March 31, 2007 and 2006, and since inception, respectively. Additionally, the Company has suffered negative cash flows from operations of approximately $1,356,000 in 2007 and $6,360,000 since inception and also has a net capital deficiency of approximately $2,962,000 as of March 31, 2007. The Company is also in default of certain of its loan obligations and is currently in negotiations with these lenders for extensions and other remedies.
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Intellectual Property:
The Company is dedicated to delivering products to market based upon its patented One Atmosphere Uniform Glow Discharge Plasma (OAUGDP®) technology. The atmospheric plasma technology was developed by scientists at The University of Tennessee in Knoxville, Tennessee and is licensed from The University of Tennessee Research Foundation. The Company's intellectual property consists of a number of patents that define One Atmosphere Uniform Glow Discharge Plasma and its applications. The patent portfolio protects the OAUGDP® platform technology as well as specific applications that include air filtration and purification, DNA extraction, decontamination and sterilization, aerodynamics, materials surface cleaning and textile processing. The current patent portfolio includes six patents that are exclusively licensed for commercial purposes from The University of Tennessee Research Foundation (UTRF) and three patents that are solely owned by the Company. It has also filed for three additional, company-owned patents which are pending. In June 1996, its Tice Engineering and Sales, Inc. subsidiary entered into a non-exclusive license and royalty agreement with a sewing machine manufacturer to use its electronic gearing sewing machine technology. [SEC Filing 10-KSB 07-16-07]
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Description:
The Company engages in the research and development of commercial applications for the One Atmosphere Uniform Glow Discharge Plasma (OAUGDP) technology.
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Officers:
W. Scott McDonald (CEO & Interim Chief Accounting Officer); Kimberly Kelly-Wintenberg (Pres. & COO); Thomas W. Reddoch (Dir.); Al R. Anderson (Dir.); Joseph B. Byrum (Dir.); Steven D. Harb (Dir.); Patrick L. Martin (Dir.); J. Russell Mothershed (Dir.)
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Auditor:
Coulter & Justus PC
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Securities:
Common Stock-Symbol AGWT.OB; OTC BB;
238,712,074 common shares outstanding as of June 29, 2007.
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