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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Sevcon, Inc.
Trading name
Sevcon Inc. (former Tech/Ops Sevcon before 2011)
Type
Public
Traded as NASDAQ: SEV
Industry Electric vehicles
Founded Gateshead (April 4, 1961 (1961-04-04))
Founder Sir Horace William Heyman
Headquarters Gateshead, NE11 0QA
Area served
Worldwide
Products Microprocessor controls for electric vehicles
Revenue $26.053 million (2010)
Profit $329,000 (2010)
Owner Tech/Ops, Inc.
Number of employees
101 (79 in the UK, 12 in USA)
Website Sevcon

Sevcon was an electrical engineering company based in Gateshead in the UK, that manufactured controls for electric vehicles.

It was founded in 1961 as Sevcon Engineering Ltd. The company was formed to develop technology originated by Horace William Heyman (13 March 1912 - 4 September 1998), who had been Managing Director of Smith Electric Vehicles from 1949 until 1964. It was the largest manufacturer of electric vehicles in Europe.

His technology improved battery-life for frequent start-stop runs of electric vehicles at low speeds. There were always large electrical losses on starting an electric vehicle because of electrical resistances heating up. The technology allowed a 20% reduction in battery size for equivalent power, or increased battery length or power for a standard-sized battery.

An electric vehicle would have had resistances to drop the voltage on the motor when starting, but this created heating. His technology employed semiconductor-controlled rectifiers, with a semiconductor oscillator, which provided pulses of electrical power to power the motor.

It won the Queen's Award to Industry in April 1970, and the Queen's Awards for Export in April 1975. A new factory opened in June 1970 at Gateshead.

It opened its first subsidiary in 1968 in Paris. In 1969 it was bought by Tech/Ops of the USA.

In 1988 it was listed on the USA stock exchange, then joined the NASDAQ Capital Market in 2009.

In September 2017, following a period of rapid expansion, the company was purchased and merged with Borg Warner.

The head office is situated opposite the automotive centre of Gateshead College. It outsources much of the manufacture of its components to Key Tronic of the USA. A UK site manufactures film capacitors.

Its competitors include Danaher's Motion division, and General Electric. In 2010 it spent around £3 million in research and development at Gateshead.

It makes microprocessor controllers for electric vehicles.

Investment goal date:
Dividends reinvested
Sevcon, Inc. SEV report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2018
2018-02-14
--
--
Q4 2017
2017-12-14
--
--
Q3 2017
2017-08-14
0.0000
-0.5600
Q2 2017
2017-05-15
0.0000
-0.4300
Q1 2017
2017-02-14
0.0000
-0.4800
Q4 2016
2016-12-15
0.0000
-0.5900
Q3 2016
2016-08-03
0.0000
-0.3800
Q2 2016
2016-05-16
0.0000
-0.4300
Q1 2016
2016-02-02
0.0000
0.0000
Q4 2015
2015-12-08
0.0000
0.0700
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
BlackRock Fund Advisors
777
BlackRock Inc.
1210
BlackRock Investment Management, LLC
340
CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM
13500
DEUTSCHE BANK AG\
1471
DIMENSIONAL FUND ADVISORS LP
108224
GABELLI FUNDS LLC
458700
GAMCO INVESTORS, INC. ET AL
700983
Granite Investment Partners, LLC
54562
ISZO CAPITAL MANAGEMENT LP
119271
Rathbone Brothers plc
105621
SCHMEIDLER A R & CO INC
24663
Teton Advisors, Inc.
518604
Vanguard Group, Inc
30982
WELLS FARGO & CO/MN
189253
Major Shareholders
Name Relationship
Total Shares
Holding stocks
HEMSLEY MAARTEN D
0.6900% (24500)
SEV / STRL /
SCHORR MARVIN G
9.9200% (354790)
SEV /
START BERNARD F
3.4700% (123872)
SEV /
ROSENBERG PAUL B
2.9300% (104580)
SEV /
% ()