Venture capital is flowing, engineers are chomping at the bit and layman sources claim that mechanical components of the Chevy Volt are already being road tested on the streets of Detroit. General Motors (NYSE: GM) is not letting anything get in the way of its plans to place a successful electric car on the streets of America and the world by 2010. A report by RedHerring outlines the broad and powerful collection of top tier companies which are coming together to help GM bring its mission to fruition.

Two new research projects targeted towards electric car development were recently announced by General Electric (NYSE: GE) and are specifically geared towards the needs of the Chevy Volt. GE has been asked to design high density electric capacitors and hybrid drive train components in pursuit of our first generation of truly plug-in electric cars. It would seem that GM, GE and the Department of Energy are not willing to settle for an automobile with simple hybrid status. The goal would appear to be full blown electric automobiles at a price within reach of the public. Once the car is built, add the current advances in solar technology and you'll have an automobile that can be charged from a solar powered battery array at home.

In a settlement that appears to be mutually beneficial, Technology Research Corporation (NASDAQ:TRCI) and Tower Manufacturing Corporation have agreed to bury the hatchet and all pending litigation between the two businesses has been dropped. The net result of the settlement is a cross-licensing agreement that should benefit both companies going forward, and TRC will receive $3.2 million in royalty payments, based on past sales, with payments to be made over a two-year term.

Given TRC's current stock value, which closed at $4.91 in very low volume, I see some clear potential when contrasting that closing price against TRC's previous 52-week high of $8.72, which was posted in February. TRC's 2006 annual report shows record revenues of $45.6 million, an increase of $6.2 million over the prior year, and they show consistent growth over the last four years. Currently, TRC has an EPS of 0.28 and a P/E ratio of 17.54.

Worthy of note are TRC's indications that they plan on increasing their focuses in marketing and engineering while also undertaking a program of strategically acquiring businesses or products to compliment their operating strengths without placing undue stress on the company by means of integration or funding. TRC notes several product areas in which revenue growth is already being achieved, and they have outlined a solid plan for increased net income.

If history serves as pattern, and I believe that it generally does, then Technology Research Corporation is a company worthy of attention. I get a good impression from what I have read about them and I think they have more than moderate potential. As always, do your own homework, but you may put me on record as saying: I really like this company.