$3.6-Million Order Backlog Is Reported by Statordyne
ANAHEIM —
Statordyne Corp., which manufactures electric power generators, said Friday it received orders from three companies, bringing its total backlog of orders to $3.6 million.
The company, which refused to identify the three companies, has struggled since it went public at $3 a share two years ago. Its stock price has declined since, closing Thursday at at 25 cents a share in over-the-counter trading.
Statordyne was delisted from the American Stock Exchange in February because it did not meet shareholder equity requirements.