| Ticker: TMXI | 101 Metro Drive, Suite 248 | |
| Exchange: NASDAQ-National Market | San Jose, California 95110 | |
| Industry: Manufacturing | (408) 453-0490 |
| Type of Shares: | Common Shares | Filing Date: | 5/2/96 | |
| U.S. Shares: | 2,000,000 | Offer Date: | 6/20/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $12.00 - $14.00 | |
| Primary Shares: | 2,000,000 | Offer Price: | $12.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.88 | |
| Offering Amount: | $26,000,000 | Selling: | $0.50 | |
| Expenses: | $800,000 | Reallowance: | $0.10 | |
| Shares Out After: | 7,400,838 |
| Manager | Tier | Phone |
| Oppenheimer & Company, Inc. | Lead Manager | (212) 667-7402 |
| HSBC James Capel | Co-manager | |
| Prudential Securities Incorporated | Co-manager | (212) 214-3000 |
| Auditor: Arthur Andersen | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $6.49 | $2.74 | $0.55 | Assets: | $5.80 |
| Net Income: | -$5.19 | -$1.24 | -$1.35 | Liabilities: | $2.98 |
| EPS: | -$0.91 | -$0.22 | -$0.24 | Equity: | $2.82 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is an environmental technology company manufacturing industrial process equipment for the destruction of volatile organic compounds (VOC) and hazardous air pollutants. The core component of the Company's technology is its proprietary flameless thermal oxidizer, which is capable of treating virtually all VOCs while achieving destruction removal efficiency of 99.99% or higher with de minimis formation of hazardous by-products such as oxides of nitrogen, carbon monoxide, and products of incomplete combustion. The Company sells its flameless thermal oxidizer as a stand-alone unit or as an integrated system. The Company seek to expand the use and application of its proprietary flameless thermal oxidation technology globally and to become a leading supplier of VOC treatment systems. The Company has initially focused on the industrial VOC market where it believes the Company's FTO system offers the greatest economical and environmental advantages over competing VOC treatment methods. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for working capital, repayment of short-term borrowings, the purchase of capital equipment and other general corporate purposes, including development of strategic alliances and strategic joint ventures to pursue new applications of the FTO technology. |
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