16-Mar-2011
Change in Directors or Principal Officers
On March 16, at a meeting of the board of directors, Mr. Christoph Ehses was elected to the board of directors and appointed him as the Chief Technical Officer (CTO) This election increases the size of the board to three. Mr. Ehses, studied electronics at Ruhr University Bochum. In the 80�s he was CEO and head of development at Audiovector, a company specializing in High-End Loudspeakers. In the 90�s Mr. Ehses was CEO of E-trade, an IT wholesaler with an international supply chain, specializing in CPU, RAM and HDD�s. Since 2003 Christoph has been working on Renewable Energy, Construction and a Project dealing with a Sustainable Underwater Turbine. He has been Project Manager for several Wind Parks in Turkey and since 2008 he is Co-developing the Heat Pump System with our JV partner IAT, and working on supply chain for Parts and Components for our Hybrid Solar System.
Mr. Ehses, will be paid for his services through RENON, our previously announced joint venture with partner,Institute of Applied Technology.
SECTION 6. [Reserved]
N/A.