Key Bios

BIO – DAVID J. CADE

SUMMARY

Battle-tested and proven CEO in the high technology arena with subject matter expertise across all functional areas, extensive business/financial community relationships, and solid track record in maximizing shareholder value. Known for innovation, ingenuity, initiative and persistence. Senior leadership roles in development/expansion stage companies, with special industry focus on: alternative energy (including hydrogen fuel and lithium batteries), wireless telecommunications, electronics, and national security systems. Strengths include:

  • Recruiting talent & teams, and providing motivational leadership for high tech start-ups and turn-arounds
  • Disciplined management of development/expansion stage operations in constrained cash flow environment
  • Bringing advanced technologies & products to global markets and new customers
  • Devising, negotiating and implementing strategic alliances & multinational partnerships
  • Raising capital (private placements & public offerings); Road Show veterans

EXPERIENCE

ALUMIFUEL POWER TECHNOLOGIES, INC. , Philadelphia, PA 2008-Present
President and Chief Executive Officer

Commercializing the unique technology of this early production stage hydrogen generation company. Targeting selected portable and back-up power applications involving fuel cells, turbines, and weather balloon lift gas for government and commercial customers in collaboration with path-to-market partners, including major aerospace & defense firms.


HYDROGEN POWER, INC., Seattle, WA 2007-8
Chief Executive Officer

In turn-around situation, reoriented development of the company’s hydrogen generation technology to focus on addressable market applications. Identified and signed agreements with several path-to-market partners.

LITHTRONICS, LLC, Merion Station, PA 2006-7
Chief Executive Officer

Founder and Managing Principal of a consulting firm focusing on innovative and profitable next-generation portable energy solutions for selected national security and commercial applications, with special emphasis on hybrid Lithium-ion battery/fuel cell power sources.

  • Brought Ultralife Corporation Inc., a $130M manufacturer of advanced lithium batteries, into teaming arrangement with Mississippi State University on $2 million Army R&D contract for hybrid long endurance military power systems.
  • Assisted Ultralife in establishing a battery development and assembly facility in West Point, Mississippi.

ABSL POWER SOLUTIONS, INC. (ABSL), Merion Station, PA 2005-6
President

Headed the wholly-owned U.S. subsidiary of UK-based ABSL Power Solutions, Ltd, a world-leading rechargeable lithium battery company and power systems integrator; spearheaded the company’s new business initiatives in the U.S.

  • Won $2 million U.S. Army R&D contract on portable energy technology and systems for field applications..

LITHIUM TECHNOLOGY CORPORATION (LTC), Plymouth Meeting, PA 1994-2004
Chairman and Chief Executive Officer (1999-2004); Board of Directors (1997-2007)

Made Lithium Technology Corporation a leading participant in the rapidly emerging large-format rechargeable lithium battery market by orchestrating key strategic partnerships, securing financing and commercializing unique technology.

    • Led Company to commercial production stage for its patented and proprietary manufacturing/assembly processes and battery products for national security, automotive, and backup power applications.
    • Orchestrated acquisition of GAIA GmbH, a synergistic German lithium-polymer battery company.


President and Chief Operating Officer (1996-1999)

          • Performed numerous CEO functions on a regular basis since the CEO was not a full-time employee.
          • Raised over $39 million from private investors and strategic partners to execute the business plan.
          • Led the transition of technology from concept, through beta test cells, to proven, marketable large format batteries.
          • Orchestrated and negotiated agreements with several technology development partners including Mitsubishi Materials, Mitsui & Co. and Acer Corporation.

Vice President of Sales and Marketing (1994-1996)
Established key relationships with a broad base of global portable electronics OEMs as potential customers as well as industrial and battery companies in the Pacific Rim, Europe and the U.S. as potential manufacturing partners.

INTERDIGITAL COMMUNICATIONS CORPORATION, King of Prussia, PA 1992-1994
Vice President of Sales and Marketing.

Headed worldwide sales of digital wireless telephone products and technologies for this $40 million manufacturing company.

      • Developed new international markets for wireless telephone products on four continents.
      • Revamped entire sales, sales support, and marketing program/organization.
      • Re-staffed and realigned sales force, consisting of 10 regional vice presidents and 25 account executives/independent sales representatives/distributors.
      • Opened up new international markets in Brazil, Colombia, Russia, Africa, China, India, and other developing countries to augment existing customer base in Indonesia, Mexico, and the southwestern U.S.
      • Initiated and spearheaded high level strategic alliance discussions with Siemens which resulted in $20 million partnership agreement.

COMMUNICATIONS SATELLITE CORPORATION (COMSAT), Washington, DC 1988-1992
Senior Vice President of Sales, Marketing and Business Development

Headed all sales and business acquisition activities of new $100 million Systems Division, encompassing international, domestic and government markets.

      • Built international and domestic sales force which brought in significant new business for COMSAT.
      • Developed and executed fresh strategic direction emphasizing integration of complex communications and information systems and networks worldwide, and application of COMSAT technology and engineering capabilities.
      • Achieved eight-fold increase in bookings and 52% increase in revenues while compiling 60% “win rate” on all bids.
      • Headed effort to obtain an expanded customer base and technical skill set through corporate acquisitions.
      • COMSAT’s representative on President’s National Security Telecommunications Advisory Committee.

MARTIN MARIETTA CORPORATION, Bethesda, MD 1984-1988
Director of New Business Development, Martin Marietta Information & Communications Systems

Key player in formulating strategic direction and capturing business for this new operating company.

      • Devised strategy to bring Martin Marietta’s strengths as a prime contractor/systems integrator to the information systems and telecommunications market.
      • Directed team of marketing managers and systems engineers in pursuing private network integration opportunities for commercial and government customers.
      • Conceived and assembled team of 12 major firms — including the seven Regional Bell Operating Companies — with Martin Marietta as prime contractor to bid on world’s largest private telecommunications network project – FTS-2000.

AMERICAN TELEPHONE AND TELEGRAPH COMPANY, Washington, DC 1981-1984
Marketing Director, AT&T Information Systems (1983-1984)

Generated new customer base in the federal government for AT&T telecommunications and computer products.

      • Led company efforts to target and capture large systems applications for AT&T’s computers, switches, cellular radio technology, and local/wide area networks..
      • Developed new market segments for AT&T Information Systems, including U.S. and NATO activities overseas. Instrumental in positioning AT&T to win two large government contracts ($1.5 billion) for workstations & data networks..
      • Supervised national account managers and technical consultants; achieved 150% of sales objective..

Command, Control, Communications, and Intelligence Director, AT&T Western Electric (1981-1982)
Established Western Electric as major contractor to the federal government in this functional area, creating a new LOB.

      • Formulated long-term marketing strategy and near-term action plans to target specific opportunities. Devised and negotiated teaming arrangements with other defense contractors.
      • Worked closely with the Bell Laboratories to obtain advanced technical support for new business initiatives and facilitate application of AT&T technologies to users’ needs..

DEPARTMENT OF DEFENSE Pre-1981
U.S. Air Force Officer

Varied experiences worldwide, including command assignments, Office of the Secretary of Defense, and a general officer’s position at HQ, USAF. Track record of accelerated promotions.

      • Brought Ultralife Corporation Inc., a $130M manufacturer of advanced lithium batteries, into teaming arrangement with Mississippi State University on $2 million Army R&D contract for hybrid long endurance military power systems.
      • Assisted Ultralife in establishing a battery development and assembly facility in West Point, Mississippi.

EDUCATION

      • MBA, Syracuse University, Syracuse NY (Beta Gamma Sigma — National Business Honorary)
      • BA, University of Illinois, Champaign-Urbana IL
      • Graduate, Senior Executive Program, Columbia University, Harriman NY
      • Graduate, National War College, Washington DC

 
 
 

BIO – JOHN F. BOYLE, P.E.

PROFESSIONAL EXPERIENCE

AlumiFuel Power Technologies, Inc. 2008-Present
Chief Technology Officer

Engineering lead in development of unique hydrogen generation technology and products for selected portable power applications.

John Boyle Consulting, LLC 1999-Present
President

Consulting services to the industrial gas industry including application system design, market assessments, site and system safety reviews, and work process improvement.

          • Developed system design, process flow diagrams, component specifications, installation and inspection procedures and standards, hazards assessment and engineering rationale for siting production scale hydrogen generating, storage and vehicle fueling station located in downtown Phoenix.
          • Developed and successfully commissioned world’s first natural gas-hydrogen high pressure dynamic blending vehicle fueling system. Developed system design and completed engineering report for production expansion of Phoenix hydrogen vehicle fueling plant.
          • Developed total plant energy and mass balance for Phoenix hydrogen production plant.
          • Designed Hydrogen storage and delivery system for weather balloon filling.
          • Conducted hazard review and site safety survey of hydrogen gas generator integrated to wind and solar power systems.
          • Directed and provided methodology for hazard review of electrolytic hydrogen generators and hydrogen vehicle refueling system.
          • Developed novel portable cryogenic storage and delivery system.
          • Conducted hazard review for forklift fuel cell power system. Analysis included on site hydrogen generation (reformer), compression and storage, hydrogen dispenser and on-board vehicle storage and fuel cell system.
          • Member of ASME B31.12 Hydrogen Sub-committee and ASME Hydrogen Infrastructure Subcommittee.

ACME Cryogenics, Inc. 1994-1999
Vice President of Marketing and Sales

Developed and implemented marketing and sales plans for cryogenic and industrial gas equipment product lines. Identified and developed new products and services. Identified and developed new market segments and customers. Directed sales engineers and representatives. Established sales policies and pricing.

AIR PRODUCTS AND CHEMICALS, Inc. 1976-1994
Re-Engineering Team Leader 1992-1994

Selected by Executive team to lead a multi-year re-engineering project for the Gases Group ($600MM/year business). Recruited and directed five cross-functional teams that streamlined and automated work processes and implemented organizational restructuring.

Engineered Systems/Welding Products Division 1990-1992
General Manager

General management, and P/L accountability for multi-site, $40MM equipment design and manufacturing business. Managed product development and product lines including welding equipment, liquid hydrogen pumping systems, high pressure hydrogen control systems and Ultra High Purity gas systems for the semiconductor industry. Directed marketing, market development, engineering, design, production and distribution of equipment sold in North and South America, Europe and Asia.

Engineering Services, Industrial Gas Division (IGD) 1988-1990
Manager

Managed the project engineering function for the Industrial Gas Division including 55 home office and field engineers. Responsible for Advanced System installations including Liquid Hydrogen Tanks, High Pressure Hydrogen storage systems and compressors, Specialty Gas and Ultra High Purity Semiconductor gas storage and delivery systems. Directed, reviewed and approved Hazard Reviews for all Hydrogen, Toxic Gas and Semiconductor Gas Systems

Applied Research and Development 1982-1988
Manager, Equipment Technology

Managed a 40-person equipment development group. Planned and directed the development and design of sophisticated equipment systems for industrial gas applications. Accountable for product and facility safety/crisis management including Hazard Risk Assessment of all new application processes and equipment systems. Conducted Hazard Review for Hydrogen-Nitrogen gas blender design that became the standard for NFPA 86 Industrial Heat Treat Furnaces. Co-edited NFPA 86.

Earlier Air Products experience 1976-1982
Section Manager, Program Manager, Senior Development Engineer, and Development Engineer

Held positions of increasing responsibility in Equipment Technology, Applied R&D as a Section Manager, Program Manager, Senior Development Engineer, and Development Engineer.

EDUCATION
Lehigh University, MBA 1984
Dartmouth College, B.A. (1973), B.E. (1974), M.E. (1976)

PROFESSIONAL ASSOCIATIONS
National Association of Professional Engineers (license no. PE- 029479 – E)
Instrument Society of America
American Society of Mechanical Engineers-Senior Fellow, Member ASME B31.12
Hydrogen Standards

SPECIFIC ACCOMPLISHMENTS

      • System design, process flow diagrams, component specifications, installation and inspection procedures and standards, Hazards Assessment and engineering rationale for siting production scale hydrogen generating, storage and vehicle fueling station located in downtown Phoenix.
      • Developed industry-first natural gas-hydrogen high pressure dynamic blending vehicle fueling system.
      • Designed Hydrogen storage and delivery system for weather balloon filling
      • Conducted hazard review and site safety survey of Hydrogen Gas Generator integrated to wind and solar power systems.
      • Directed hazard reviews of multiple Electrolytic and Reformer Hydrogen generators and Hydrogen vehicle refueling systems.
      • Conducted hazard assessment for utility vehicle fuel cell power system including on site Hydrogen generation (reformer), compression and storage, hydrogen dispenser and on-board vehicle storage and fuel cell system.
      • Designed and conducted hazard assessment on mobile Hydrogen Generator and Vehicle Fueling Station.
      • Member of ASME B31.12 Hydrogen Sub-committee
      • Conducted hazard review for code compliance and installation of Hydrogen Metal Hydride canister filling system.
      • Multiple patents in industrial gas and hydrogen applications
      • Conducted Hazard Reviews on numerous Hydrogen Dispensers
      • Developed design and specifications for low temperature gaseous hydrogen storage tanks.