GLOBAL TECHNOVATIONS INC

GLOBAL TECHNOVATIONS INC

Previous company name
TOP SOURCE TECHNOLOGIES INC
Name change date
5/19/1994
Company Overview
On-Site Analysis, Inc is a public quoted company which provides diagnostic testing equipment as well as oil and gas field services. On-Site Analysis was incorporated in 2003. The company has registered business office based in Palm Beach Gardens, Florida.
On-Site Analysis is a recognized leader in emerging patented diagnostic technologies. The company’s portfolio of services include: MotorCheck analyzer, a blood test that analyzes used oil to test for the presence of metal debris, coolant, or water; FuelCheck, which analyzes both gasoline and diesel for qualities that affect engine performance; and MetalCheck, which offers wear metals and selected elements in an easy to operate configuration for simple analysis.
The company offers services that range from the design, implementation, manufacture, and marketing of analyzer instrumentation in retail, commercial, and industrial markets. Its areas of specializations include optical emission, transmission, reflectance, fluorescence and Raman spectroscopic techniques, as well as physical property measurements.
In addition, the company manufactures and supplies the solid state SpecTrace, a silent molecular tag and dye analyzer under an agreement with Rohm and Haas of Philadelphia, Pennsylvania.
The company’s customers include Jiffy Lube, Road Machinery Equipment, Rush Enterprise, Daimler-Chrysler, D2T (Daniel Drecq Technologies), France, Eglin Air Force Base, Ford Motor Company, Flying J, Freightliner, General Motors, Hyundai, Speedco (Quick-Lube Centers for Trucks), Mex Lube, Q Lube Marine, Cummins Engine, Sikes, PM Express, and Truck Lube USA.
The company has active offices in Canada, Europe, Mexico, South America, Middle East and Asia.
On-Site Analysis, Inc. aspires to develop or acquire diagnostic technologies that address specific problems experienced by expanding customer base.
Business Summary
Global Technovations, Inc. develops, assembles and markets the patented MotorCheck and TruckCheck On-Site Analyzer, “an oil analysis mini-lab in a box”, solid state spectroscopic analyzers for liquid petroleum marker detection systems, the PetroAnalytics line of diesel fuel and gasoline properties analyzers for the automotive, truck and heavy-duty equipment service markets. The Company’s primary business is the assembly, sale and lease of its proprietary on-site oil analyzer, a second generation proprietary oil analysis instrument that combines two spectrometers in order to analyze both new or used oil in approximately five minutes. On December 19, 2001, the Company and four of its affiliates filed for reorganization under Chapter 11 of the United States Bankruptcy Code. The filing, which was made in the United States Bankruptcy Court for the District of Delaware, will enable the Company to conduct business as usual with the Court’s protection, while implementing its new business plan.
Description and history
Global Technovations, Inc. develops, assembles and markets the patented MotorCheck and TruckCheck On-Site Analyzer, “an oil analysis mini-lab in a box”, solid state spectroscopic analyzers for liquid petroleum marker detection systems, the PetroAnalytics line of diesel fuel and gasoline properties analyzers for the automotive, truck and heavy-duty equipment service markets. The Company’s primary business is the assembly, sale and lease of its proprietary on-site oil analyzer (OSA-II), a second generation proprietary oil analysis instrument that combines two spectrometers in order to analyze both new or used oil in approximately five minutes.

On December 19, 2001, the Company and four of its affiliates, On-Site Analysis, Inc., ARCS Safety Seat, Inc., Top Source Automotive, Inc. and Top Source Oil Analysis, Inc., filed for reorganization under Chapter 11 of the United States Bankruptcy Code. The filing, which was made in the United States Bankruptcy Court for the District of Delaware, will enable the Company to conduct business as usual with the Court’s protection, while implementing its new business plan.

Oil analysis is widely used for diagnostic and preventative maintenance programs for equipment in many different industries including those markets where the Company is concentrating its marketing efforts for the OSA-II. These markets are the truck market, which includes truck stops, truck maintenance and truck quick-lube centers; the automotive market, which includes automobile auctions, automobile power train development, motorcycle engine development, automobile dealerships, automobile and truck racing markets, and automotive fleet maintenance; the consumer market, which includes retail automobile service outlets; marine applications; the government market, which includes the United States military and municipalities; the industrial and the heavy equipment market, which includes railroads; and mining.

The concept behind the OSA-II is that the oil sample must be tested by two distinctly different types of spectrometers: an emission spectrometer to identify and quantify metal elements and an infrared spectrometer to measure the physical and chemical properties of the used oil. Other specifications for the instrument included user friendly, low cost, minimal maintenance, near-laboratory accuracy and repeatability, reliability and short turn-around time. The overall objective is to provide high volume oil analysis locations with an instrument that delivers acceptable data in minutes at about the same price they pay for similar data by sending samples to a laboratory.

Business Line
Provides diagnostic testing equipment as well as oil and gas field services
Subsidiary

Advisor
BDO SEIDMAN
IPO date
10/1986
US SIC Code
5064
Company Address
Suite 200
7108, Fairway Drive
City province or state postal code
33418, PALM BEACH GARDENS, FL
Phone: +1 561 775 5756
Fax: +1 561 775 5938
Country address: UNITED STATES OF AMERICA
Website url: www.globaltechnovations.com