Current
Interest in a Wyoming Plant:
The
Powerball pilot sodium plant in Utah is currently producing predictable amounts
of metallic sodium in small quantities. We
are currently obtaining engineering bids from qualified chemical engineering
firms to scale up the pilot plant process to a design capable of commercial
quantity yields of over 8,000 pounds an hour or approximately 70 million pounds
a year. The new plant design should
address initial commercial sodium shipments as well as internal Powerball
manufacture requirements. Our
search for future locations has identified 2 possible locations for the
expansion of our company. The key
raw material elements we are looking for in a site are access to extremely large
commercial quantities of natural gas and sodium hydroxide (or sodium carbonate).
The most promising locations so far are the Rock Springs area of Wyoming
and the Permian basin area of Texas. Initial
work with Vern Wheatley a retired executive with Questar has revealed several
reasons for Powerball to setup a facility in the Rock Springs area.
These reasons included a plentiful supply of natural gas and sodium
carbonate, access to a well- developed rail transport system and attractive
taxation and state financial incentives.
Management
Summary:
The Company has
assembled a strong management team with extensive experience in both
administration and financing of public company operations. In addition, the
Company has hired key employees and consultants to provide for the continuing
research and development of the Company's Prototype Sodium Plant operations, as
well as the planning and fulfillment of the proposed full scale Sodium Plant in
Wyoming.
Robert K. Ipson,
Chief Executive Officer and Chairman of the Board.
Mr. Ipson is, and has been
since 1973, president of M.S.J. & Associates, Inc., a family-held company.
Since 1983, Mr. Ipson has served as an officer and/or director of several public
companies and brings the benefit of his experience in fund raising and promotion
to the Company.
Phillip L.
McStotts, Chief Financial Officer and Director. Mr. McStotts is a founder of
ZEVEX International, Inc. (NASDAQ/NMS:"ZVXI"). ZEVEX, a company that
designs and manufactures advanced medical devices. Mr. McStotts is a CPA with
fifteen years of experience. Mr. McStotts received his BS Degree in Accounting
from Westminster College, Salt Lake City, UT and an MBA in Taxation from Golden
Gate University
Matthew Fisher,
Plant Manager. Mr. Fisher was instrumental in the design and manufacture of
Powerball’s Hydrogen Generation System. Over
the last four years Mr. Fisher has gained expertise in a variety of mechanical
and computer programming disciplines. He
has extensive experience in project development and completion. Mr. Fisher has
an Associate of Science degree and has postponed work on a degree in Electrical
Engineering at the University of Utah in order to work at Powerball.
William W.
Freise, Chief Operating Officer.
Mr. Freise has 21 years of executive level management
experience in the high technology and entertainment industries. Mr. Freise has
held various management roles for Six Flags Entertainment and Time Warner from
1980 to 1994. From 1995 to 2000 Mr. Freise was the Chief Investment Strategist
for a private technology investment fund that specializes in broadband
semiconductors, optical switching, and alternative energy investments. Mr.
Freise played a critical role in identifying key strategic business
partnerships, defining target market opportunities, identifying and negotiating
lowest cost wholesale acquisition of key Powerball raw materials, and developing
and maintaining important governmental relationships with the U.S. Department of
Energy and various state and federal representatives.
Terry Ring,
Engineering Consultant and Advisor. Dr. Ring has been the Chairman of the
Department of Chemical Engineering at the University of Utah since 1994. Dr.
Ring has extensive experience as a research engineer and consultant, and is the
author of numerous scientific articles. Dr.
Ring received a B.S. in Chemical Engineering from Clarkson College of Technology
in 1972, an M.S. in Chemical Engineering from the University of California at
Berkley in 1974, an M.S. in Physical Chemistry from Clarkson College of
Technology in 1977, and a Ph.D. in Chemical Engineering from Cambridge
University in 1980.
Milestones:
-
Demonstration
of a steady flow of sodium production on a continuous basis in the Prototype
Sodium Plant. (October 2001).
-
Assembly
of information and materials for the underwriting of an Industrial Revenue
Development Bond relating to
funding for the construction of the Sodium Plant in Wyoming. (January 2002).
-
Completion of
engineering and construction plans and cost estimates for Sodium Plan
construction. (January 2002).
-
Hiring of
construction contractor. (March 2002).
-
Hiring of Sodium Plant operations and administrative staff. (December 2002).
-
Completion of
Sodium Plant construction and commencement of operations. (January 2003).
