Private company

Associated Electrics

Radio-controlled car manufacturer

Associated Electrics, Incorporated, commonly Team Associated, is a manufacturer of radio controlled cars, trucks and accessories. It is owned by Taiwanese company Thunder Tiger and headquartered in Lake Forest, California.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

Associated Electrics, Incorporated, commonly Team Associated, is a manufacturer of radio controlled cars, trucks and accessories. It is owned by Taiwanese company Thunder Tiger and headquartered in Lake Forest, California.2

The story

The company was founded in 1964 by Roger Curtis and Lee Yurada, technicians at the Douglas Aerophysics Laboratory in nearby El Segundo, California. Slot cars were at the height of their popularity in Southern California at the time, so Curtis and Yurada decided to open a slot car track as a side business. Their experience in fabricating aircraft parts soon led them into producing slot car parts and accessories. So successful was the venture that it turned into a full-time business which they named Associated Electrics. The new company specialized in the manufacturing of a full line of slot car parts, chassis and accessories.

The business had grown by 1969 and was located in a small building in Paramount. Personal issues arose between Curtis and Yurada, leading Curtis to approach early RC racer Gene Husting in hopes that Husting would buy Yurada's share of Associated. The popularity of slot cars was on the wane, but Husting was certain that radio control would flourish as the technology grew. Almost as if in anticipation of the fact, Associated had just introduced a 1:8-scale gas-powered racer, the RC1. Designed by Mike Morrisey, it soon became the most successful car on the circuit. Husting agreed to the buyout in 1970. Still a small business, Associated had only six employees: Husting, Curtis, Husting's wife Midge, and three others.

From Wikipedia’s article on Associated Electrics, shared under CC BY-SA 4.0.3

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$428.4K 2020–2020
Money received by yearMoney received by year, 2020–2020: $428.4K in all. PPP loans $428.4K.$0$200K$400K$600K2020 · PPP loans: $428.4K2020
Figures by year
YearPPP loansTotal
2020$428.4K$428.4K

PPP loans

Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA4. Matched to this company by name and state.

  1. May 1, 2020$428.4K PPP loan (first draw) from Wells Fargo Bank, National Association4To ASSOCIATED ELECTRICS INC, Lake Forest CA; $434.9K forgiven Nov 15, 2021

Sources

The numbers on this page point here. Each one links to the record it came from.

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