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OTCBB:HYDP
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About HPI
Annual Report
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CEO
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The Company

Founded in 2004
Became public company in 2006
2,100+ shareholders (OTCBB: HYDP)
Seattle offices and lab
12 people (9 technical staff)
New management team 2007
 
Technology validation
Finding commercialization partners
Goal is to enhance shareholder value


Management Team

David Cade, CEO
 
14 years as Executive in alternative energy field
12 years experience as successful CEO/COO, 9 years in public company
Brought development stage lithium battery company (Lithium Technology Corp) to commercial production
Previous management positions with COMSAT, Martin Marietta, AT&T, and DoD
Technology Consultants
 
Leading world experts in fuel cell technology and hydrogen production/storage technologies
Keen grasp of alternative energy markets and business drivers, including competitive analysis and cost/price points
CTO position will be filled after capital raise
Bill Zang, Executive Financial Consultant
 
Tatum Financial Services Senior Executive
Extensive general management and operational experience
As CFO of development stage hydrogen company (H Power), raised $104M in IPO
Mike McAllister, Outside Counsel
 
Law practice focused on commercial transactions in high technology arena
Significant experience in IP matters, international strategic alliances and capital raising
Previously served as General Counsel for COMSAT Systems Division


Management Team Accomplishments
March – September 2007

Redirection of technology development activities
 
Focus on addressable applications
Successful demos to potential partners/customers
Locking in solid business partnerships
In discussions with potential AlumiFuel™ cartridge outsourcing candidate
Identify specific program funding opportunities
Disciplined business focus
 
Centralized administrative control
Realign technical team
Meeting public reporting obligations on time
Current on all financial obligations
Orchestrating capital raise
Ready to engage topflight PR/IR firm


Summary

Patented technology can produce H2 and steam at different scales for multiple applications
Safe, pure and low-cost H2 production and delivery – on site, on demand
Modular/digitized approach, easy AlumiFuel™ cartridge change-out
 
Cartridges 10x lighter than same capacity cylinders
H2 storage packaging efficiency 3x greater than existing cylinders
Steam product at pressures & temperatures as required
Finding route-to-market partners for target applications
Hamilton Sundstrand and others are excellent fit for multiple applications
Potential manufacturer of AlumiFuel™ cartridges identified
Poised to move to commercialization stage rapidly

 

 

 
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