Nick Laroche - President & CEO

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Nick Laroche has over thirty years of Senior Management experience specializing in mergers and acquisitions of private and public companies. Mr. Laroche was the Co founder and President of the Worlds largest independent hotel airline reservation system, Hars Systems Inc. and sold out in 1994.

Mr. Laroche has worked with the energy sector for several years in the development of related technologies. During that time he held the position of Senior Vice President of a major oil and gas well servicing business as well as the position of Director and Officer of East Coast Energy, an offshore oil exploration company.

Mr. Laroche currently holds the position of Director in several companies, as well as the position of President with a working interest in the China energy sector.

Richard Sutz - Consultant

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Richard K. Sutz, Consultant of RESTEC International Inc., brings more than 30 years of experience in the research, development and manufacture 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.

The Mark 10 High Performance Water Pumping windmill, founded and developed by Mr. Sutz, is the result of more than $5 million of R&D. The Mark 10 pumps more water, at any wind speed, from any depth to water, at a lower cost than any other windmill in the world.

Prior to the breakthrough development of the Mark 10, conventional multiblade water pumping windmills required wind speeds in excess of 15 miles per hour (24 KPH) to pump to 300 feet (100 meters). Wind speeds of 15 MPH occur less than 20% of the time over the earth’s land surface. The Mark 10 begins operation at 3 MPH (4.8 KPH) and pumps 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. The Mark 10 permits use of renewable energy, as a cost effective power source throughout the world, in areas that previously were thought to have insufficient wind speeds for the use of any type of wind machines.
Mr. Sutz’s background and experience span executive roles in both the private and public sector. 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 focused in the field of energy-related technologies and educational software designed to teach enhanced reading skills.

In the late 1970’s he was appointed the Deputy Director of the Arizona Energy Office, with joint responsibility for Arizona Energy Conservation Programs. He later joined the U.S. Department of Energy as Director of the Energy Related Inventions; with the responsibility to evaluate and fund promising energy related technologies. During this period, he directed the US Department of Energy research that identified the need, in developing countries, for water pumping windmill technology that could operate, cost effectively, in low wind speeds and could pump water from great depths and generate electricity in remote located areas far from any utility grid.

Mr. Sutz left the government to lead a private sector team that developed the Mark 10 High Performance Windmill. The Mark 10 is currently in production in China. Plans are underway for Mark 10 production in pother countries as part of a world-wide commercialization plan.

Earlier in his impressive career, he served as a Project Officer with the U.S. Navy Bureau of Aeronautics. He invented the key component of fighter pilot’s oxygen breathing systems that prevented fatal accidents caused by hypoxia (lack of oxygen at high altitudes). His other major development was to install the first rocket-powered ejection seat for US Navy fighter aircraft, enabling pilots to eject from the runway on landing or takeoff. For his efforts, as a young US Navy officer, he was awarded a rarely presented Letter of Commendation from the Chief of Naval Operations.

Mr. Sutz has 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.