2.James Ray:
James Ray was/is the president of Quasar Aircraft Corporation, a wholly owned subsidiary. He will lead the design engineers and the manufacturing process for both the new single engine training aircraft we are developing, and the development program for the twin engine very light business jet that is currently under way. Mr. Ray brings over 40 years of senior level management in the aerospace/aircraft industry to our team.
Mr. Ray is one of the world's foremost experts in composite fiber technology having worked for the original United States Air Force team that initially evaluated graphite fibers for aviation use. In addition, James Ray headed up the deign team for Sikorsky Aviation, a division of United Technologies, to bring us the Blackhawk and Seahawk helicopters. Most recently, Mr. Ray was CEO of North American Composite Consortium which serves as a liaison effecting aviation contracts for the United States Navy.
Mr. Ray has served on our Advisory Board for the last three years and works seamlessly with our management team. We are extremely fortunate to be able to have this seasoned CEO come out of retirement to head up this critical component of our strategic plan.
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