Dakshidin Corporation (OTC PK: DKSC), through its wholly owned subsidiary, RESTEC International Inc., produces a new style of windmill - the RESTEC Mark 10, which pumps more water at a lower cost than other windmills. DKSC’s windmills work at any water depth and any wind speed. The Company’s product offerings, which include the water-pumping RESTEC Mark 10 windmill and the electricity-generating RESTEC Mark 10E wind turbine, offer cost-effective, environmentally-friendly solutions to global energy needs.

During the second half of 2007, DKSC initiated a marketing program designed to increase the visibility of its products by installing demonstration windmills at select locations around the world. As a part of this program, the Company has also negotiated distributor agreements in the US, the Caribbean, Africa, China and India and a manufacturing/distribution joint venture in China.

In November 2007, DKSC formed a partnership with HS Management Ltd and HS Green Products Limited to create a joint venture in China, HKS Environment Energy Development Ltd. (HKS Wuhu), which will manufacture and distribute RESTEC Mark 10 windmills. HKS Wuhu has negotiated the purchase of 100 acres in the Wuhu County industrial park on which it plans to construct its manufacturing and distribution facility.

A business model capitalizing on low-cost water pumping solution

DKSC has developed and is marketing a new windmill design - the RESTEC Mark 10. The results of tests conducted by the Turbo-Machinery Laboratory of Texas A&M University and the Department of Agriculture in Alberta, Canada indicate that the RESTEC Mark 10 is able to pump more water at a lower cost, at any depth and in any wind speed, than any other windmill available around the world.

The RESTEC Mark 10 windmill features a unique rotating counterbalance system similar to that used in oil pumps which allows it to draw water from depths of up to 4,000 feet and operate at wind speeds as slow as 4 MPH. The Mark 10 enables users to tap wind energy in areas previously thought to have insufficient wind speeds for power generation.

World water crisis creates demand for DKSC’s product

Around the world and particularly in developing countries, there is a dire need for safe water to fulfill basic human self-sufficiency needs. In most cases, the problem is not a lack of available water but rather the inability to obtain it cost-effectively. The World Health Organization estimated in 2003 that approximately 1.1 billion people had no access to safe water. Global population and economic growth, urbanization and rising standards of living in developing countries are creating demand for wind energy products that can pump water inexpensively. According to McIlvaine Company, world pump revenues are expected to reach $36 billion by 2010, with power and water applications being the main growth drivers.

Product enhancements expand market applications

DKSC is currently marketing its RESTEC Mark 10 water-pumping windmills and Mark 10E wind turbines. In addition, the Company is working with two development teams to increase the functionality of the windmill product lines and address new markets:

• The first team has developed a system of reverse osmosis using the windmill as both power source and source for water. The intent is to tap seawater from coastlines around the world and purify this seawater into drinkable water off-grid;
• The second team is adapting an existing flash distillation technology for water purification using the RESTEC Mark 10 windmill. Through this technology, the Company believes it can make fresh water available in abundant quantities for human and animal consumption and for irrigation.

Aggressive marketing campaign

DKSC is investing in a marketing program and establishing demonstration windmills worldwide. The Company has already established distributor agreements in the US, the Caribbean, Africa, China and India and a manufacturing/distribution joint venture in China. DKSC’s management team is actively promoting the Company’s novel technology and products in meetings with representatives from the public and private sectors in Mexico, China, the US, and several African nations.

Manufacturing joint venture provides entry to China market

In November 2007, DKSC formed a partnership with HS Management Ltd., and HS Green Products Limited for a manufacturing/distribution joint venture in China which will build and sell RESTEC Mark 10 windmills. The joint venture, HKS Wuhu, has purchased 100 acres in the Wuhu County industrial park where it plans to build its manufacturing and distribution facility.

The Company has already developed a detailed feasibility and technical report for the manufacturing facility, hired an architectural firm to design the facility and secured a multi-million dollar financing commitment from the Bank of Communications in Wuhu County.

Increasing revenue visibility resulting from marketing program

DKSC has announced several significant new sales agreements which should greatly enhance the Company’s revenue visibility. In November 2007, DKSC signed a sales agreement with Pacific Power Development Corp. (PPDC) valued at approximately $48 million. PPDC is purchasing several RESTEC Mark 10E low speed wind turbines to generate utility grid electricity at two established PPDC Wind Farms in the Hunan province of China.

In addition, DKSC has announced a $3.6 million purchase order from its HKS Wuhu joint venture subsidiary consisting of equipment for manufacturing 20 RESTEC Mark 10 windmills and 20 RESTEC Mark 10E wind turbines.

Seasoned management team

Nick Laroche, DKSC’s President and CEO, has more than 30 years of senior management experience and specialized in mergers and acquisitions of service and energy companies. Mr. Laroche was the co-founder and President of the world’s largest independent hotel airline reservation system, Hars Systems Inc.

Richard K. Sutz, the Chairman of RESTEC International, brings to the business more than 30 years experience in researching, developing and manufacturing renewable energy technologies. He is an internationally recognized expert in the development of low wind speed machines for water pumping, water purification and electrical generation. The Mark 10 water pumping windmill was designed and developed by Mr. Sutz.

Strong demand for renewable energy

Global energy consumption is strongly influenced by economic and population growth in developing countries. The US Department of Energy predicts world energy consumption will increase 71% between 2005 and 2030. Concerns about oil and gas shortages, rising fuel prices and environmental issues relating to greenhouse gas emissions are creating strong interest in clean energy technologies for power generation. Benefiting from strong government support and multi-billion dollar R&D investments, clean energy’s share of the global energy market is expected to increase significantly over the next decade.

Wind power, for example, has emerged as one of the least expensive, most easily deployed energy sources. According to the Global Wind Energy Council, the cumulative capacity of wind energy installations will reach 149.5 GW over the next decade, or more than double current installed capacity. According to Clean Edge research, wind energy industry revenues will grow from $11.8 billion in 2005 to $51.1 billion by 2015¹.

1 http://www.cleanedge.com/reports-trends2006.php

Dakshidin Corporation, through its wholly owned subsidiary RESTEC International, is primarily engaged in developing products for the renewable energy market. The Company manufactures and sells water-pumping windmills and electricity-generating wind turbines for world energy needs.

In developing countries, there is an urgent need for clean water to fulfill basic human self-sufficiency demands. In most cases, the problem is not a lack of water but rather the inability to obtain clean water inexpensively and in a reliable manner. DKSC’s windmills can help villages obtain safe water quickly, reliably and inexpensively. The most common methods currently employed for extracting water from the earth in developing countries involve the use of submersible pumps, open wells, and boreholes. The disadvantages of these methods range from the large amounts of fuel required to run pumps to sanitation problems and disease from open wells.

DKSC has spent 15 years and $5 million developing a new type of windmill - the RESTEC Mark 10. The windmill has been successfully tested by the Turbo-Machinery Laboratory of Texas A&M University, the Department of Agriculture in Alberta, Canada and government agencies in the State of Michoacan, Mexico. Trials conducted by these independent agencies indicate that the RESTEC Mark 10 windmill is able to produce more water at a lower unit cost than any other windmill tested.

Product features

Through the March 2007 purchase of RESTEC International, DKSC acquired the Mark 10 windmill product line. This high performance, water-pumping windmill uses a unique rotating counterbalance system similar to that used by pumps in the oil industry. As a result, it can draw water from depths of up to 4,000 feet and operate at wind speeds as slow as 4 MPH. The Mark 10 windmill enables wind power to be used as a power source in regions previously thought to have insufficient wind speeds for power generation.

Conventional multi-blade water pumping windmills require wind speeds in excess of 15 miles per hour (24 KPH) to pump to 300 feet (100 meters). However, wind speeds of 15 MPH occur less than 20% of the time over the earth’s land surface. The RESTEC Mark 10 can operate at wind speeds as slow as 3 MPH (4.8 KPH) and pump up to 4,000 feet (1,200 meters). Wind speeds of 10 mph (16 KPH) or less occur more than 90% of the time over 90% of the earth’s surface.

Initially, the RESTEC windmill was created for the sole purpose of drawing water in greater quantities and from greater depths. Approximately ten years ago, research began in the area of purifying water by means of a low-pressure, low-temperature flash distillation system. Research in that area continues today with the addition of a third team involved in water purification technologies using a low-pressure, reverse osmosis system, which will be tested soon in a full-scale municipal trial run. Both of these systems rely solely on off-grid windmill power as a power source. DKSC has developed applications for its windmills in electricity generation and water pumping and is also exploring applications involving the pumping of other fluids such as crude oil, potentially opening major new markets for DKSC.

In July 2007, DKSC acquired Kensam Echo-Tech Services Co. to facilitate the marketing and further development of RESTEC Mark 10 water-pumping windmills. Kensam has been operating in China’s energy and mineral sectors for the past seven years and brings significant global marketing expertise to DKSC. In addition, Kensam is in the initial stages of developing and manufacturing two new windmills for electricity generation, including a 30 KW model for low wind speeds and a 250 KW modified Darius style. This Darius-style windmill is anticipated to be as much as 25% more efficient than wind turbines in use today.

DKSC is currently marketing RESTEC Mark 10 water-pumping windmills and Mark 10E wind turbines. The Company expects to achieve the following milestones in 2008:

• Generation of utility grade electricity - 2nd quarter 2008
• Flash distillation of water - 2nd quarter 2008
• Reverse osmosis - 3rd quarter 2008

Manufacturing capabilities

In partnership with HS Management Ltd. (a private company incorporated in Hong Kong), and HS Green Products Limited (a private company incorporated in British Columbia), DKSC has established a China joint venture, HKS Environment Energy Development Ltd (HKS Wuhu), which will construct and market its RESTEC windmills for the Asian market.

HKS Wuhu has negotiated the purchase of 100 acres in the Wuhu County industrial park as the future site for a manufacturing and distribution facility. Start-up capital for HKS Wuhu, estimated at $2.5 million, will be provided by each of the three partners. In addition, HSK Wuhu plans to raise an additional $10 million through the sale of equity units to private investors. HKS Wuhu was obligated to make a deposit of $100,000 to Wuhu County before November 22, 2007, and must pay an additional $2.4 million, representing an aggregate of one-third of the $7.5 million purchase price for the land, before February 28, 2008.

HKS Wuhu expects to complete construction and have the new facility fully operational prior to year-end 2008. Wuhu County lies southeast of the Anhui Province, and is situated between China’s three most developed economic regions: the Yangtze Delta, Peal River Delta, Beijing, and the Tianjin area of China.

The Company has already developed a detailed feasibility and technical report for the proposed manufacturing facility, contracted with an architectural firm for plant design and secured a multi-million dollar financing commitment from the Bank of Communications in Wuhu County.

Windmill distribution

Windmill sales are made through the Company’s rapidly expanding distribution network. RESTEC have established a network of more than 25 distributors for its windmills and is in the process of building a global distribution network. The first three distributors have been recruited to service the wind energy markets in the US, North Africa, France, Spain and Italy.

In April 2007, DKSC installed a RESTEC windmill in Prescott Valley, Arizona. The Company’s US distributor purchased this windmill.

In August 2007, the Company announced that its African distributor, Ecocleansol, had purchased four RESTEC Mark 10 windmills to be used as part of a demonstration project prior to a major commercial rollout. To maintain exclusivity, Ecocleansol must satisfy a minimum order requirement of 1,000 windmills.

In November 2007, DKSC announced the opening of offices in Hong Kong, Shenzhen, and Beijing in concert with its JV business partner, Huasheng Financial Management Group. These new offices will enhance the Company’s marketing presence in China and other Asian markets.

In December 2007, DKSC announced an agreement with Cervantes Windmill Corporation to serve as its distributor in the Caribbean countries, including the Bahamas and Bermuda. Cervantes will set up windmill demonstration sites in Bermuda for a golf course application and in Antigua for an agricultural application.

Also in December 2007, DKSC and JCT Limited signed a Memorandum of Understanding regarding a joint venture in India. JCT Limited is one of India’s leading textile manufacturers and the flagship company of Thapar Group, one of the largest Indian conglomerates, with annual revenues of approximately $2.7 billion. Under the terms of the proposed agreement, the joint venture will be a 50/50 partnership. The first DKSC windmills are expected in India in the first quarter of 2008.

In addition, the Company has presented its technology to representatives of the Mexican, Nigerian and Chinese governments, as well as to business partners interested in joint ventures to manufacture, sell, install and maintain DKSC windmills.

Revenue visibility

New distributor relationships have enabled DKSC to penetrate major Asian, African and US markets and sign important new sales agreements.

In November 2007, DKSC signed a $48 million sales agreement with Pacific Power Development Corp. (PPDC) for RESTEC Mark 10E low-speed wind turbines. PPDC has a controlling interest in 11.2 trillion cubic feet of methane gas in China and currently owns and operates wind farms in China’s Hunan province.

The acquired Mark 10E low wind speed wind turbines will eventually supply 110 MW of utility grid electricity through two established PPDC wind farms in Hunan Province. PPDC has also granted DKSC right of first refusal to 50% equity ownership in the wind farms. The revenues generated from selling wind farm electricity will be shared by the joint venture partners on the basis of percentage ownership.

In November 2007, DKSC announced a multi-million dollar purchase contract from its HSK Wuhu joint venture subsidiary. The purchase order consists of a $1 million contract for equipment to produce RESTEC Mark 10 windmills and RESTEC Mark 10 E wind turbines on a per-order basis. In addition, HKS Wuhu purchased 20 RESTEC Mark 10 windmills and 20 RESTEC Mark 10 E wind turbines. The two contracts have a total value of $3.6 million and includes payment for installing the RESTEC windmills.

Global water demand

Around the world but especially in developing countries, there is a dire need for clean drinking water. Of all water on earth, 97.5% is salt water, and the remaining 2.5% is fresh water. Some 70% of the available fresh water supply is frozen in the polar icecaps while the remaining 30% is mostly present as soil moisture or located in underground aquifers. It is estimated that less than 1% of the world’s fresh water (or about 0.007% of all water on earth) is readily accessible for direct human use.

Fresh water resources are unevenly distributed: in terms of precipitation, there is a range from almost no rainfall in deserts to several meters per year in humid regions. Most of the flow is in a limited number of rivers: the Amazon carries 16% of global run-off while the Congo-Zaire River carries one-third of Africa’s flow. Arid and semi-arid regions constitute 40% of the world’s landmass but only 2% of global river flow run-off. River flow also varies greatly over time and population growth impacts per-capita availability of this limited resource. Population growth has reduced the per-capita availability of water more than 40% over the last 30 years. Per- capita availability of water is lowest in Asia.

The World Health Organization estimated that approximately 1.1 billion people had no access to safe water and 2.4 billion lacked basic sanitation in 2003. Lack of clean water is linked to a wide range of potential diseases such as cholera, typhoid, malaria, yellow fever, filariasis, river blindness, sleeping sickness, guinea worm, bilharzia, trachoma and scabies.

According to McIlvaine Company, global pumping revenues are forecast to reach $36 billion by 2010, with electrical power and water pumping applications being the main market growth drivers. Population and economic growth, urbanization and rising standards of living in developing countries are all contributing to growing demand for clean, safe drinking water.

Energy demand

Global electricity consumption is strongly impacted by economic and population growth in developing countries. Electrical power demand is projected to nearly double by 2030, with demand rising 2.6% per year from 17,408 TWh in 2003 to 33,750 TWh in 2020. Demand growth will be most dramatic in developing countries where some two billion people lack access to safe drinking water and electricity, and addressing these needs is a high priority.

Exhibit 1: Demand for electricity

Source: http://www.world-nuclear.org/info/inf16.html

With the United Nations predicting world population growth from 6.4 billion in 2004 to 8.1 billion by 2030, energy demand will also rise substantially. Both population growth and improving standards of living in developing countries will drive growth in energy demand estimated at 1.6% per year, or 53% between 2004 and 2030. The US Department of Energy predicts world energy consumption growth will increase 71% by 2030.

Wind energy market

Wind energy offers a clean, efficient alternative to energy produced from coal, oil or natural gas. Electricity is produced at low variable costs and wind energy generating facilities don’t produce carbon dioxide emissions. Despite these advantages, wind turbines presently provide less than 1% of the world’s energy.

Wind energy markets grew faster than predicted in 2006. The sector experienced another record year with 15,197 MW of new capacity installed. This increased total installed wind energy capacity to 74,223 MW in 2006 from 59,091 MW in 2005.

Exhibit 2: Global cumulative installed capacity 1995-2006, MW

Source: http://www.gwec.net/fileadmin/documents/Publications/gwec-2006_final_01.pdf

The wind energy market grew 32% in 2006 following 41% growth in 2005. This rapid growth indicates that wind turbine manufacturing capacity will need to ramp up quickly to meet current and anticipated future demand.

According to the Global Wind Energy Council, wind energy installations will double over the next decade and cumulative wind energy capacity will exceed 149.5 GW by the end of this decade. Between 2006 and 2010, wind energy capacity will grow 19.1% annually on the heels of 24.3% annual growth between 2002 and 2006. Annual installed capacity will hit 21 GW in 2010 and represent a 38% increase from 15.2 GW installed in 2006.

This implies an 8.4% average annual growth rate for the global wind energy market. Growth could be much higher if current manufacturing capacity was not limiting. In most markets, the delivery schedule for new wind turbines is around two years.

The countries with the highest total installed wind energy capacity are Germany (20,622 MW), Spain (11,615 MW), the US (11,603 MW), India (6,270 MW) and Denmark (3,136 MW). However, new players such as France and China are rapidly gaining ground.

In terms of economic value, the wind energy sector has become an important component of the global clean energy market, with the total value of new generating equipment installed in 2006 estimated at $23 billion.

Regional markets²

According to the Global Wind Energy Council, the North American market will continue to be the second largest regional market in terms of total installed capacity, with an average annual growth rate of 24.6%. This market is expected to grow from 9.8 GW installed at year-end 2006 to 31.6 GW by year-end 2010. The US market will be the largest market in terms of new installations between 2007 and 2010, with new installations averaging 3.5 GW per year. By 2010, the US will be on par with Germany in terms of cumulative installed capacity.

The Asian market will be the fastest-growing market due to particularly strong growth in China. Asia will have the highest average annual growth rate (28.3%) over the next five years. Total installed capacity is expected to reach 29 GW at year-end 2010, up from 10.7 GW in 2006. With annual capacity installations forecast at 8,000 MW between 2007 and 2010, India will continue to be the Asian leader and the fourth fastest-growing market globally. China will be a close second, with the highest growth rate and a predicted installed capacity of 8,000 MW annually between 2006 and 2010.

Exhibit 3: Clean energy market trends, $ billion

Source: http://www.cleanedge.com/reports-trends2006.php

In 2006, there were encouraging developments in Latin America and the Caribbean, with new installations totaling 296 MW. Between 2007 and 2010, this market will also experience strong growth, led by Brazil and followed by Mexico. Smaller installations are planned in some Central American countries as well as in Argentina and Chile. Despite its huge potential, Latin America will likely remain a small market until the end of this decade; however, significant development is anticipated in the next decade.

Clean energy trends

Concerns about oil and gas supplies, rising fuel prices and environmental issues relating to greenhouse gas emissions are spurring considerable interest in clean energy technologies to meet current and future global electricity demand.

Wind power has become one of the least expensive, most easily deployed energy sources. Ethanol has gained favor for vehicle use in both the US and abroad. Biodiesel, made from a wide range of animal and vegetable oils, is priced within striking distance of petroleum-based diesel. Solar energy competes favorably in many locations, despite its higher cost, and is often the cheapest power choice in remote regions.

Benefiting from strong government support and multi-billion dollar R&D investments, global clean energy markets are expected to flourish over the next decade. According to Clean Edge research, wind energy industry revenues will grow from $11.8 billion in 2005 to $51.1 billion in 20153. In total, clean energy technologies produced revenues of $40 billion in 2005, with four-fold growth to $167 billion predicted within 10 years.

2 http://www.gwec.net/index.php?id=78
3 http://www.cleanedge.com/reports-trends2006.php

Revenue outlook

DKSC’s windmills are currently being produced and sold primarily in China and the Company has established distributor relationships in the US, Central America, the Caribbean, North Africa, India, Italy, France and Spain.

There are many large potential markets for RESTEC windmills; for example, Africa, with the dry climate in its Sub-Sahara region, represents a potential market for millions of DKSC water-pumping windmills. Rapidly expanding populations and rising standards of living in India and China could also fuel demand for millions of windmills. Even developed nations are likely to consider RESTEC windmills a cost-effective power source alternative for diminishing the impact of soaring fossil fuel prices.

There are approximately one billion people around the world that lack access to electricity and safe drinking water. Addressing this need creates a potential market for nearly 250 million watermills. If DKSC captures just 1% of this potential market, the Company could be generating billions of dollars in revenues.

Based on recently announced purchase orders, a growing wind energy market and DKSC’s rapidly developing global distribution network, we believe management’s guidance of 2008 revenues in an $18 million range is realistic and achievable.

Peer comparisons

We think DKSC should trade at valuation multiples comparable to other wind energy and solar energy stocks. Companies in these sectors are currently trading at 10 times trailing Price/Sales multiples and 5 times forward Price/Sales multiples.

Given the Company’s early development stage, we believe DKSC should trade at a modest discount to its peers and suggest a 4.5 times forward Price/Sales multiple as a fair valuation.

Exhibit 4: Peer comparison, January 11, 2008

Source: SEC Filings, Analyst estimates

Multiplying management’s $18 million 2008 revenue forecast by a 4.5 times forward Price/Sales multiple, we derive a $1.22 target price for DKSC shares.

Energy Demand

DKSC’s water-pumping RESTEC Mark 10 windmills and Mark 10E wind turbines offer cost-effective and environmentally-friendly solutions to world energy needs. In the second half of 2007, DKSC began actively promoting its product offerings, constructing demonstration windmills worldwide, forming a manufacturing/distribution joint venture in China and signing distributor agreements encompassing the US, Caribbean, African, Chinese and Indian markets.

As a result of its successful marketing campaign, the Company has recently announced several major new sales agreements, including a contract with Pacific Power Development Corp. (PPDC) valued at $48 million and two contracts with its joint venture subsidiary, HSK Wuhu together valued at $3.6 million.

Taking into account the Company’s increasing revenue visibility, progress in building a global distribution network and manufacturing infrastructure, and fast-growing demand for wind energy products, we are initiating coverage of DKSC with a Speculative Buy rating and a $1.22 price target.

Additional capital required to continue operations

The Company will require external financing to establish its manufacturing and distribution facilities in China and continue product development. Management estimates a $2.5 million capital infusion will be needed to achieve its 2008 business goals. If the Company is unable to obtain the necessary financing, implementation of its business plan could stall, affecting our valuation case.

Unproven sales potential of DKSC windmills

The Company’s operating success will depend in part on its ability to build brand awareness for its RESTEC Mark 10 windmills. However, no assurance can be given that DKSC will be able to generate sufficient buyer interest and sales and become profitable.

Threat from alternative energy sources

The possibility exists that other alternative energy resources such as hydro energy, geothermal energy and solar energy may become more affordable and limit the deployment of wind energy as a power source. In addition, if oil prices drop significantly, wind energy may lose some of its competitive advantage.

Liquidity risks

DKSC stock trades on the Pink Sheets. This market is characterized as high risk due to its greater volatility, reduced regulation, limited transparency and lower liquidity.

Mr. Laroche has over thirty years senior executive experience specializing in mergers and acquisitions of both private and public companies. Mr. Laroche was the co-founder and President of the world’s largest independent hotel airline reservation system, Hars Systems Inc., and sold the business in 1994.

For the past several years, Mr. Laroche has been involved in the energy sector and the development of related technologies. He served as Senior Vice President of a major oil and gas well servicing business and was a director and officer of East Coast Energy, an offshore oil exploration company.

Mr. Laroche currently holds director positions with several companies, and also serves as President, with a working interest, in a company serving China’s energy sector.

Mr. Sutz brings to the Company more than 30 years experience in research, development and manufacturing of renewable energy technologies. He is an internationally acknowledged expert in the development of low wind speed machines for water pumping, water purification and electrical generation. He developed the Mark 10 water-pumping windmill.

Mr. Sutz’s background and experience include executive roles in both the private and public sectors. He began his business career as Director for Europe and the Middle East for Grumman Aircraft where he was responsible for marketing military and civilian aircraft. He later moved to Scottsdale, Arizona and began his entrepreneurial career focusing on energy-related technologies and educational software.

In the late 1970s, he was appointed Deputy Director of the Arizona Energy Office, with joint responsibility for Arizona energy conservation programs. He later joined the US Department of Energy as Director of Energy-related Inventions and was responsible for evaluating promising energy-related technologies. Mr. Sutz left government service to lead a private sector team that developed the Mark 10 windmill.

Earlier in his career, Mr. Sutz served as a Project Officer with the US Navy Bureau of Aeronautics. He invented the key component of fighter pilot’s oxygen-breathing systems that prevented fatal accidents caused by hypoxia and installed the first rocket-powered ejection seat for US Navy fighter aircraft, enabling pilots to eject on landing or takeoff. For his efforts, Mr. Sutz was awarded a Letter of Commendation from the Chief of Naval Operations.

Mr. Sutz holds a Bachelor of Science Degree in Metallurgical Engineering, with a minor in Mechanical Engineering from the Illinois Institute of Technology, and a graduate degree in International Business and Finance from IMD, Lausanne, Switzerland.