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Palmer Technologies
Palmer Technologies
Information
Location Star City, United States
Use(s) Company

Headquarters of Team Arrow (formerly)

Owner(s) Felicity SmoakFelicity Smoak
Ray Palmer
CEO Felicity Smoak (formerly)
Ray Palmer (formerly)
Source


Palmer Technologies is a company founded by Ray Palmer. Previously known as Queen Consolidated, Ray Palmer took it over and rebranded it as Palmer Technologies. Ray's primary goal for doing so was to help rebuild Starling City by having it renamed Star City but also to use its resources in order to make his A.T.O.M. Exosuit, and become the vigilante known "The Atom". It also formerly served as the new base of operations for Team Arrow, in secret, after Ray became affiliated with the team following the exposure of their previous base.

HistoryEdit

Palmer Technologies became known for, among other things, producing smart wearables.

In late 2014, Ray Palmer was named CEO over Oliver Queen of Queen Consolidated. Having a new vision for the company, he rebranded it as Palmer Technologies.

Even though Isabel Rochev forcibly took over Queen Consolidated and ran the company and it's share's into the ground to make the Queen family penniless their shares were still part of the company when Ray Palmer took it over and made the company profitable again. As a result Oliver has 45% stock and receives money from the company to fund his activities as The Arrow.

In 2015, Palmer Technologies suffered the effects of a large explosion in the CEO's office, the consequences of which resulted in the apparent death of then CEO Ray Palmer. Upon instruction left by Ray, Felicity Smoak was named as the new CEO and ran the company remotely for the first six months. Another effect was that the stock price of the company dropped as a result of Ray's assumed death—a problem that Felicity was still trying to fix months after Ray's death. When Ray was found alive Felicity offered to return the CEO position to Ray, he however declined it for the moment.

In 2016, the board members voted Felicity out as CEO, in an initiative seemingly led by Mr. Dennis because of her lack of participation and their concerns about Felicity's plans with the biostimulant implant, which Felicity hasn't had the opportunity to properly explain to them because she had been busy trying to save the world with Team Arrow.

In late 2016, Palmer Technologies was bought by Prince Worldwide , and was renowned by Major Stockholder Maddox King , in Queen Phoenix Inc. . .

Known employeesEdit

Former employeesEdit

StockholdersEdit

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