ELMA, N.Y., Nov. 1, 2022 /PRNewswire/ -- Servotronics, Inc.
(NYSE American – SVT) a designer and manufacturer of servo-control
components and other advanced technology products today made
available a letter to stakeholders from William F. Farrell, Jr., Chief Executive
Officer. The letter provides an initial update on the Company's
strategic plan that was developed by the Company's leadership team
over the past six months. A copy of the letter is available on the
Company's website at www.servotronics.com.
The Company is composed of two groups – the Advanced Technology
Group (ATG) and the Consumer Products Group (CPG). The ATG
primarily designs, develops and manufactures servo controls and
other components for various commercial and government applications
(i.e., aircraft, jet engines, missiles, manufacturing equipment,
etc.). The CPG designs and manufactures cutlery, bayonets, pocket
knives, machetes and combat knives, survival, sporting,
agricultural knives and other edged products for both commercial
and government applications.
SERVOTRONICS, INC. (SVT) IS LISTED ON NYSE
SOURCE Servotronics, Inc.