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AYSI - Gene Kostecki is a nominee for the Ernst & Young entreprenuer of the year award in Australia...

Some key tidbits to point out:

-Gene’s financial goal is to increase sales to $300 million by 2015.

-Looking to list on ASX. To this end, the company has appointed an independent chairman and board and is in the process of establishing a new corporate governance system consistent with ASX principles.

-Gene intends to build a factory to allow ASI to achieve its growth aspirations, which will be funded by a mix of debt and equity. He plans build up a substantial manufacturing hub in Indonesia, while maintaining his Australian operations, and using Australia as a research and development base.

We could be looking at something special here if the board, Gene, & company play their cards right...

http://eoy.ey.com.au/www/595/1001127/displayarticle/1609840.html

Gene Kostecki invented the world’s most wear resistant fused alloy steel plate, in the process creating a $30 million company.

Gene was already working in the West Australian mining industry when he was asked to look at a fundamental, yet reoccurring, wear problem affecting plant equipment. The issue was conventional weld plate methods, which have been in use within the industry for over 60 years, have significant drawbacks such as an uneven surface finish and under-bead cracking.

After five years of experimentation, including developing a prototype machine for the manufacturing process, Gene invented the recipe for AcroPlate: a homogenised alloy overlay that can be smoothly bonded with a 100% metallurgical bond between the alloy and the mild steel – without the residual stresses that are associated with weld overlay wear plate. As a result, the ArcoPlate product is able to withstand the highest degree of impact.

In 1991, Gene made his first commercial sale, yet still continued to research and modify the manufacturing process to produce a better product. After almost ten years of perfecting AcroPlate, in 2000, he listed Alloy Steel International (ASI) on the NASDAQ, offering the mining industry the world’s most wear resistant fused alloy steel plate.

Today, AcroPlate is used extensively throughout the global mining industry, with exports to 14 countries. Arcoplate's world patented manufacturing process guarantees hardness, microstructure and surface finish of a far superior quality, wearing up to eight times longer than traditional plates. The result significantly reduces downtime and lost production across the mining and mineral processing industries.

Gene’s financial goal is to increase sales to $300 million by 2015. Having recently come off NASDAQ, he is looking to list on ASX. To this end, the company has appointed an independent chairman and board and is in the process of establishing a new corporate governance system consistent with ASX principles.

The company has just completed an Indonesian land purchase in a manufacturing estate, funded out of cash flow. Gene intends to build a factory to allow ASI to achieve its growth aspirations, which will be funded by a mix of debt and equity. He plans build up a substantial manufacturing hub in Indonesia, while maintaining his Australian operations, and using Australia as a research and development base.