Torotel, Inc. Stock

Torotel, Inc. (Torotel) conducts its business through its subsidiary, Torotel Products, Inc. (Torotel Products). Torotel Products specializes in the custom design and manufacture of a range of precision magnetic components, consisting of transformers, inductors, reactors, chokes, toroidal coils, high voltage transformers, dry-type transformers and electro-mechanical assemblies. Torotel Products sells these products to original equipment manufacturers, which use them in products, such as aircraft navigational equipment, digital control devices, medical equipment, avionics equipment, down-hole drilling, conventional missile guidance systems, and other defense and commercial aerospace applications. Its products are used to modify and control electrical voltages and currents in electronic devices. Torotel Products has a line of approximately 400 hertz (Hz) miniature power transformers. Torotel Products has a primary base of over 20 customers.