FrontaLobe, Inc.

Business Plan February 13, 2003 CONFIDENTIAL

Copyright 2006 Jack M Kaplan & Anthony C Warren

Confidentiality Agreement

The undersigned reader acknowledges that the information provided by FrontaLobe, Inc. in this business plan is confidential; therefore, reader agrees not to disclose it without the express written permission of Thaddeus Will, VP of Marketing, FrontaLobe, Inc. It is acknowledged by reader that information to be furnished in this business plan is in all respects confidential in nature, other than information which is in the public domain through other means and that any disclosure or use of same by reader, may cause serious harm or damage to FrontaLobe. Upon request, this document is to be immediately returned to FrontaLobe, Inc.

__________________________________ Signature

__________________________________ Name (typed or printed)

__________________________________ Date This is a business plan. It does not imply an offering of securities. Contact: Thaddeus Will Email: tjw120@psu.edu (814) 867-3505

Table of Contents 1.0 Executive Summary. 4 1.1 The Opportunity.. 4 1.2 The Product.. 4 1.3 The Market.. 5 1.4 Business Model. 6 1.5 Operating Summary 7 1.6 Preliminary Financial Summary 8 1.7 Company Overview. 8 1.8 Funding Requirements 8 Corporate Summary 10 2.1 Business Mission.. 10 2.2 Current Conditions.. 10 2.3 Locations and Facilities... 12 2.4 Keys to Success. 13 Technology and Product Overview 14 3.1 Existing Technology. 14 3.2 Antenna Arrays 14 3.3 Competing Technology 15 3.4 FrontaLobe Technology.. 15 3.5 Technology Summary.. 16 Market Analysis... 16 4.1 Market Needs and Trends.. 17 4.2 Market Growth 17 4.3 Marketing Strategy.. 17 4.4 Revenue Stream... 18 4.5 Promotion and Distribution Strategy 18 4.6 Sales Strategy... 19 Management Summary... 20

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Appendix A: Financial Summary Appendix B: Copy: Confidential Disclosure Agreement Appendix C: Abstract: Actively Reconfigurable Pixelized Antenna Systems

1.0

Executive Summary

1.1 The Opportunity FrontaLobe, Inc. offers the communications solution to the crowded wireless airwaves with its proprietary Thinking Antenna Technology. Increased usage in wireless

communications, including Internet and data messaging, is leading wireless hardware providers in the $264 billion Communications Equipment industry towards new technologies to improve quality of service and capture market share. During the rapid and continual development of the cell phone, both in terms of features, size and cost, every component has undergone several major innovations except the antenna; FrontaLobe provides the breakthrough that has long been waited for. The Thinking Antenna technology increases antenna reception gain for existing and new portable PC and communications devices, expanding bandwidth and spectrum availability. The

FrontaLobe Thinking Antenna will enable improved communications for current and future generations of equipment. 1.2 The Product FrontaLobe is developing a Thinking Antenna for portable PC, cell phones, and other portable communication devices. Utilizing patented technology developed at the

Pennsylvania State University and partially funded by the Department of Defense (DOD), the Thinking Antenna increases radio frequency (RF) dBi gain by 3 to 6 times over existing regular reception in communication devices. The improved gain increases

bandwidth and spectrum capacity. Increased RF gain improves performance of WiFi connections for wireless computer LANs and increases the range of other handheld and wireless devices, including Global Positioning Systems (GPS), Personal Data Assistants

(PDA) and wireless printers. In cellular phone handsets, the amplification in antenna gain increases battery life or reduces size and weight improving unit performance and decreasing radiant electromagnetic energy in proximity to the head. Prototype

development and testing will be completed in 12 months, with revenue generating commercial applications within two years. 1.3 The Market FrontaLobe will follow a three-pronged marketing strategy. OEM products will be sold into sectors where barriers to entry are relatively low, such as the portable PCs and wireless printers. A licensing route will be followed where the FrontaLobe products must be intimately incorporated into the product technology road-maps of customers. This strategy includes the cellular phone market. Finally, FrontaLobe technology will be incorporated into government and defense department applications, providing off-balance sheet financing for research and development.

FrontaLobe will first target the portable laptop computer market, improving wireless connections for WiFi applications. Twenty-five million laptop computers were sold in 2002. Initial entry into this market will be easier as vendors are more willing to work with new and developing technologies. Moreover, the control algorithms for the working prototype would be simpler and easier to develop due to the lower mobility of wireless PCs. Dell, Hewlett-Packard, Toshiba, IBM and Sony are the primary manufacturers. The Thinking Antenna will be easily integrated into laptop computers during the manufacturing process and can be retrofitted into existing models. Additional OEM markets for the Thinking Antenna will include GPS, PDA and wireless printers.

In addition to the manufacture for OEMs strategy, the Thinking Antenna technology will be licensed to the cellular phone industry, where FrontaLobe products must be intimately incorporated into the technology roadmaps of these products. Three hundred eighty million cellular handsets were sold in 2002, with Nokia, Motorola, Samsung, Siemens, and SonyEricsson comprising 75% of total sales. According to Standard and Poors Industry Survey for Communications Equipment, The convergence of voice and data will provide tremendous opportunity to equipment vendors that are able to adapt to the changing characteristics of communications traffic. Antenna is the key technology to capturing this opportunity. 1.4 Business Model FrontaLobe intends to become the premier supplier of intelligent antenna technology with its Thinking Antenna application. FrontaLobe will develop and test its Thinking Antenna prototype in the first 12 months of operation. Upon the successful testing of the technology and signing of OEM partner agreements, the company will purchase and modify a de-commissioned low resolution display manufacturing line to produce the Thinking Antenna modules for PC laptops. Customers will easily incorporate the antenna module into existing computer product lines, using the existing CPU to control the antenna with proprietary software from FrontaLobe. FrontaLobe will work closely with each customer and deliver product, both hardware and software, to incorporate into their merchandise. The anticipated revenue per antenna module will be $8.00. The FrontaLobe Thinking

In addition to the Thinking Antenna insert module, FrontaLobe will seek licensing and partnership agreements with cellular handset manufacturers. Time-exclusive licensing agreement(s) will be negotiated as the bench top technology is proven. Expected licensing revenue will be $0.50 per unit plus an upfront payment in excess of $1MM, and additional engineering costs.

The FrontaLobe Thinking Antenna solution will be sold directly in the US, Europe and Asia. In addition, Department of Defense (DOD) partnerships will be developed to aid in the advancement of the technology. Current R&D efforts are currently being financed by a grant from the Defense Advanced Research Projects Agency. FrontaLobe technology will be incorporated into DOD communications applications, including military battlefield equipment and stealth aircraft radar systems. Federal research funds, such as SBIR financing, will be used to create off-balance sheet income to continually update the technology. 1.5 Operating Summary The focus of our first fiscal year will be to develop and test the Thinking Antenna and successfully interface it with portable laptop computers. A joint development partnership will be established with a PC manufacturer, leading to an exclusive 6 to 12 month supplier agreement for the Thinking Antenna. Preliminary discussions have already begun between FrontaLobe and Hewlett-Packard regarding the interface of the Thinking Antenna and wireless HP printers and PCs. In addition, an exclusive initial licensing agreement will be negotiated with a large cellular phone manufacturer, ensuring the

incorporation of the Thinking Antenna technology into their product technology roadmaps.

Following the development stage, an integrated sales and marketing strategy will be implemented. A CEO with industry experience will be selected to lead the FrontaLobe marketing and public relations efforts. Moreover, partnerships will be sought with the various wireless service providers to bolster the technological advantage of the Thinking Antenna within the equipment manufacturers community. 1.6 Preliminary Financial Summary
FY 2003 FY 2004 $ $ 1,500,000 (529,932) 356,785 (344,456) 231,910 15% FY 2005 $ 14,999,736 6,554,277 4,114,030 27% FY 2006 $ 23,999,578 15,310,565 9,810,279 41% FY 2007 $ 59,652,279 33,151,429 21,411,713 36%

Revenue EBIT Net Income Net Income %

1.7 The Company FrontaLobe, Inc. was founded through a collaborative effort between the inventors and MBA students in the Smeal College of Business at Penn State University. Dr. Tom Jackson and Dr. Doug Werner from the College of Engineering at Penn State developed the intellectual property of actively reconfigurable pixelized antenna systems upon which the Thinking Antenna is based. The company is backed by a strong Advisory Board of proven business, industry and academic professionals and is actively seeking an industry proven CEO to lead the company. Discussion regarding the CEO position has opened with Mr. Peter Cripps of Silicon Valley, a former RF engineer with ArrayComm and a private consultant to the communications industry.

The management team at the outset is comprised of the founders. Dr. Jackson is serving in the capacity of Chief Technology Officer and Dr. Werner is the President of R&D. The business plan team, comprised of MBA students, has assumed various strategic, marketing and financial positions within the company. They are responsible for business model development and seeking the necessary initial financing. A former graduate student of Dr. Jacksons, Dan Thomasson will assume the role of VP of Product Development. Dr. Thomasson has served as project manager and engineer at Agilent Technologies. 1.8 Funding Requirements FrontaLobe is seeking initial seed round financing of $750,000 in either preferred stock or a convertible debenture to support the development, testing and marketing of the Thinking Antenna prototype. These funds will finance capital equipment, development costs, engineering and business manager salaries and working capital for the initial prototype year. A second round will be raised after a working prototype and at least one corporate partnership agreement are in place to fund manufacturing and distribution of the Thinking Antenna. The most likely exit strategy will come as the result of being acquired by a large PC or cell phone manufacturing company. The founders believe that FrontaLobe will be an attractive acquisition in the communications equipment industry in three to five years.

2.0

Corporate Summary

2.1 Business Mission FrontaLobes mission is to lead the communications industry through the advancement and development of reconfigurable, pixilated antennas. FrontaLobe is committed to: Establishing itself as the industry leader in new wireless communication technology through world-class research and development. Improve on the performance gain of wireless communication in the range of a 6db increase for a one-inch pixilized antenna. Harness the capabilities in the commercial and government sectors to fully implement and utilize this improvement. Become the Partner of Choice in the advancement of commercial wireless solutions.

Through these areas, FrontaLobe can address the cheaper, faster, better mantra of the telecommunications industry. As a start-up, we perceive there to be opportunities for management expansion and we will provide the greatest possible accommodations for furthering the team and business model. Additionally, as a member of the Penn State community, we will continue our relationship and involvement as best to achieve the highest amount of reward in scientific novel and community involvement. We are

devoted to the success of the firm and are willing to negotiate the resources available to achieve success. 2.2 Current Conditions FrontaLobe has filed to be a Delaware Corporation. The company has decided this so as to reduce any barriers to future investment transactions. We currently have exclusive,

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irrevocable, and perpetual licensed intellectual property from The Pennsylvania State University that affords us access to filed provisional patents in the areas of reconfigurable, pixilated antenna systems. The licensing agreement is on file with Pennsylvania State University Research and Technology Transfer Office. Non-Disclosure Agreements

(NDAs) are also on file with the Pennsylvania State University Intellectual Property Office. In addition to Penn State, weve utilized the services of law firm McQuaide, Blasko of State College, PA to handle further intellectual property issues.

The current plan is to obtain private and governmental funding, in additional to capital paid, for Proof of Concept Stage I development. During Stage II the opportunity exists for a two-pronged model which takes advantage of low-volume, high-margin applications such as integrated communications for stealth aircraft and other military uses and highvolume, commercial applications in the wireless PC, (cellular) telephone, and handheld product industries. The integrated wireless capabilities will be attacked first as it will be highly probable to demonstrate the performance improvement on less volatile machines (PCs) as compared to wireless telephones. Additionally, the manufacturers of computer equipment will be initially more acceptable to integrating new technology into their products. The product pipeline for wireless telephones is much longer, yet still

penetrable through licensing agreements.

Due to the life-stage of FrontaLobe, public accountants have not yet been engaged for audit and accounting services.

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We are negotiating potential funding arrangements through various Venture Capital and Private Equity funds. As such, we have engaged such advisors as Dr. Anthony C. Warren, the Director of the Farrell Center for Corporate Innovation & Entrepreneurship and Venture Partner at Adams Capital Management and William A. Frezza General Partner at Adams Capital Management. 2.3 Locations and Facilities Currently there is no manufacturing or research facility owned or leased by FrontaLobe. All sales and administrative work is performed through individual private offices of principals. We utilize our relationships with the Pennsylvania State University and the College of Electrical Engineering to undertake research and development efforts as a result of our licensing agreement. Penn State is located in Central PA approximately 125 miles to Pittsburgh, 150 miles to Philadelphia, and 190 miles to New York City. This location was chosen to take advantage of the development of other advanced technology companies and our relationship with the University.

Upon successful completion of Stage I prototyping, we will consider funding for the construction of or leasing of facilities to manufacture in quantities reasonable for the pursuit of advanced markets. Consider the following:

Stage II begins with a dedicated prototype fabrication facility to begin production for sales and market penetration goals.

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Upon successful goal attainment and the incorporation of our device into the product lines of major wireless communications partners, we analyze the mass production concept versus outsourcing to Southeast Asia to generate economies of scale.

2.4 Keys to Success Technological leadership FrontaLobe will need to be at the forefront of creation and production as well as demonstrating the need to integrate reconfigurable antennas into existing technologies. Partnerships The key to successful implementation of the plan is to generate support for the increase in performance amongst the industry players. Proof of Concept Proving 3 to 6dbi gain in wireless performance will be critical to the advancement of the business model. Also, proving that the additional gain in performance is necessary to users of wireless technology. University Support Continued support from The Pennsylvania State University is critical to the ability of obtaining additional rounds of funding and maintaining a consistent and highly feasible product. Industry/Advisory Experience The added benefits of experienced engineers and researchers, business advisors, and industry gurus will be paramount to our success in this market space. Speed to Market While not currently available, product roadmaps are difficult to become incorporated into (i.e. Nokias new product pipeline) so the faster we can generate interest and prove the concept the quicker FrontaLobe can realize an implemented end-product.

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3.0

Product and Technology Overview

3.1 Existing Technology Over the past five years as cell phones have grown in popularity, every aspect of the phone has evolved except one. Battery, LCD screen, processor, and memory have all advanced steadily, but the antenna is still the same ferrite antenna. The only enhancement is a coil version of the same technology which allows the antenna to be hidden within the phone.

Antennas have reception and broadcasting fields called lobes. Ferrite antennas are omni-directional, broadcasting and receiving in all directions, with a circular lobe surrounding the antenna. This design is subject to interference and signal reflection from buildings or other objects; there is nothing to limit reception of signals from points other than the signal source. Directional antennas, such as dish antennas which focus broadcast and reception on a fixed point, have a primary lobe aimed in the direction of the signal source. This design prevents interference from signals originating from other sources. Most directional antennas, however, are large and must be carefully aligned. 3.2 Antenna Arrays Another antenna design, an antenna array, consists of a grid of small antenna elements. By turning individual elements on in specific configurations, a flat array a few inches square can be made to behave like a dish antenna with the same reduced

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interference. Using algorithms which dynamically change the pattern of activated elements, the antenna lobes can be dynamically configured to search for signal sources and once found remain focused on the source. The same algorithms can compensate for motion if the antenna if held, as in a call phone or other portable device. 3.3 Competing Technology Antenna arrays are not new concepts in and of themselves. Many communications companies have patented antenna array concepts and specific technologies. A popular method for existing technologies is Micro Electro-Mechanical Switches (MEMS). MEMS are very expensive and smaller than needed for application in an array measuring more than one square inch. They also have limitations at high speed. 3.4 FrontaLobe Technology Conventional ferrite antennas yield a practical gain of 3-3.5dBi. Technology under development can yield a practical gain as high as 9dBi using a two inch square array. The problem with existing array technology (including those using MEMS) is simply cost. FrontaLobe has filed patents to use the same technology that drives laptop displays and flat screen televisions, Thin Film Transistors (TFT). TFT technology continues to advance as laptop displays require smaller and smaller pixel sizes. The TFT density (pixel size) required to drive an array of antenna elements for use in portable communications devices is much less than those used to manufacture new laptop displays. Courser TFT matrixes can be made at very low cost and allow FrontaLobes Thinking Antenna to be manufactured for less than $2.

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3.5 Technology Summary Existing Technology Type Onmidirectional FrontaLobe Technology Directional Array 6-9dBi Yes

Configuration Stalk/Loop Gain Adaptive 3-3.5dBi No

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Market Analysis Global Portable Device Markets Units (M) Units (M) 2003 Device Share (%) 90 6 4 2002 380 25 15 420 (fcst) 418 28 17 462

Cell phones dominate the consumer wireless device market. Laptops and PDAs comprise the remainder.

Each of these markets is

experiencing steady growth, Mobile Phones approximately ten percent annually, and will continue to do so. Approximately 420 Million cell phones Laptops PDAs Total

were sold in 2003. As portable devices have become more advanced and ubiquitous, power consumption and signal interference in urban areas have both increased as well.

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4.1 Market Needs and Trends Consumer and commercial: As the number and complexity of mobile devices increases over time, signal reflection and power consumption are issues of increasing importance. Military applications: Traditional, non-dynamic antenna technology requires many different antennas aligned in different directions, designed to operate in different bands. Such traditional antenna arrays are very expensive. Large antenna arrays composed of individual elements using FrontaLobes Thinking Antenna Technology can operate as a single, powerful, directional antenna or as a group of several different antenna types at different bands. 4.2 Market Growth Approximately 460 Million portable devices will be sold worldwide in 2003, ten percent more than 2003 (Gartner Dataquest). Of those devices, 418 Million will be cell phones, 28 Million will be laptops, and 17 Million will be portable data assistants (PDAs). The ten percent growth trend is consistent over the last five years, and the average life of an individual cell phone is falling over time, currently one year. 4.3 Marketing Strategy FrontaLobe will follow a three-pronged marketing strategy. OEM products will be sold into sectors where barriers to entry are relatively low, such as the portable PCs and wireless printers. This is considered a high value and margin sector with volumes lower than those in the cellular handset sector. A licensing route will be followed where the FrontaLobe products must be intimately incorporated into the product technology road maps of customers. This strategy

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includes the cellular phone market. This is a high volume market; however, margins will be lower because of the cost awareness of cellular phone manufacturers. FrontaLobe technology will be incorporated into government and defense department applications will be targeted, generating low volume, high margin applications. This will also provide FrontaLobe with access to off balance sheet R&D financing. 4.4 Revenue Stream FrontaLobe will recognize revenue from two distinct sourcessales of the Thinking Antenna module and configuring software and Thinking Antenna technology licensing revenue. These sources compliment one another to support the corporate

strategy of delivering complete solutions to the PC and communications equipment industry and for defense department applications. It is expected that the sale of Thinking Antenna modules and software will account for approximately two-thirds of the companys revenues, while the technology licensing will account for approximately onethird of the companys revenue. 4.5 Promotion and Distribution Strategy FrontaLobe will promote itself through several means: Markets will be generated initially through corporate relationships, with partnerships and license agreements negotiated by business development managers. Extensive industry relationships will be developed and leveraged by FrontaLobes founding members, engineering and management team. FrontaLobe will develop a corporate brand and trademark, which will be required by the license agreement to be incorporated and displayed on all products in which FrontaLobe technology is used.

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FrontaLobe will market its Thinking Antenna module in the United States, Europe and Asia directly to customers. 4.6 Sales Strategy In its first year, FrontaLobe will establish a strategic corporate partnership with one or more portable computer and/or cellular phone manufacturer to ensure the incorporation of the Thinking Antenna into their product technology roadmap. This agreement will be secured with a time-exclusive licensing deal, secured with an upfront payment. The business development managers will execute partnership, contract and licensing agreements with PC and cellular phone manufacturers as the business grows and ramps up to scale.

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5.0

Management Summary

Management Team To date, the founders of FrontaLobe, Inc. occupy the following leadership positions: Chief Technical Officer, President of R&D, VP Business Development, VP Science & Technology, VP Finance, and VP Marketing. In addition to the founders, the position of VP Product Development has been filled. The founders are actively seeking a recognized industry leader to fill the role of CEO.

Dr. Thomas N. Jackson, Chief Technical Officer Dr. Thomas N. Jackson joined the faculty of The Pennsylvania State University in the summer of 1992 after working for twelve years at the IBM T.J. Watson Research Center. His primary interests are in exploratory electronic devices and microfabrication. Since joining the faculty at Penn State, Dr. Jackson has initiated research programs in several exploratory device areas and has set up laboratories to support the device work. One of Dr. Jacksons research focuses is on thin film transistors for display and other broad area electronics applications. This research includes both hydrogenated amorphous silicon and organic-based (conjugated organic semiconductor) devices. Dr. Jackson has received funding from Defense Advanced Research Projects Agency, Opticom ASA, and IBM for these efforts. He also has an NSF Research Initiation award for the organic device work.

Professor Jackson is the author or co-author of over 100 refereed publications and 20 patents. He received the Ph.D. in Electrical Engineering from the University of Michigan in 1980. Professional activities include currently serving as treasurer for the Device

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Research Conference, serving as chair of the 1993 Device Research Conference, and technical program chair of the 1992 Device Research Conference, as well as serving on the 1986-1991 Device Research Conference program committees and the 1989-1997 Cornell Conference program committees. Professor Jackson is a member of the IEEE, the American Vacuum Society, and the Electrochemical Society.

Dr. Douglas H. Werner, President R&D Dr. Douglas H. Werner, joined the faculty of The Pennsylvania State University Department of Electrical Engineering as an Associate Professor in July of 1998. He is a member of the Communications and Space Sciences Lab (CSSL) and is affiliated with the Electromagnetics Communication Research Lab. He also has a joint appointment as a Senior Research Associate with the Electromagnetics and Environmental Effects Department of the Applied Research Laboratory at Penn State, where he has worked since 1990.His research interests include theoretical and computational electromagnetics with applications to antenna theory and design, microwaves, wireless and personal communication systems, electromagnetic wave interactions with complex materials, fractal and knot electrodynamics, and genetic algorithms.

In 1994, Dr. Werner received The Pennsylvania State University Applied Research Laboratory Outstanding Publication Award. He has published numerous technical papers and proceedings articles and is the author of six book chapters. He recently published a new book for IEEE Press entitled Frontiers in Electromagnetics. Prof. Werner served as the Technical Program Chair for the Applied Computational Electromagnetics Society

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(ACES) 2000 Conference, is an Associate Editor of Radio Science, a Senior Member of the Institute of Electrical and Electronics Engineers (IEEE).

Jonathan Butz, Vice President of Science & Technology Mr. Butz spent the last four years designing, building, and managing Internet eSourcing applications for FreeMarkets, Inc., leading operations teams and providing design expertise to development teams to deliver highly available, secure, and scalable Internet applications.

He is currently focusing his Penn State MBA curriculum on Corporate Finance, Innovation, and Marketing. Extracurricular activities include researching technology market opportunities and executing due diligence on small technology companies for private equity funds. Mr. Butz received a BS in Marketing from Penn State University in 1998.

Krishna Patel, Vice President of Finance During the summer of 2002, Mr. Patel worked as a financial analyst with Paramount Capital Asset Management, a $1B hedge fund in New York, dealing with public and private equity. While there he managed a healthcare portfolio, identified potential shells with minimum unencumbered cash of $10 million seeking new technology infusion. He was also responsible for developing financing options and business plan for an animal healthcare spin-off firm. Prior to coming to Penn State to get his MBA, Mr. Patel served for two years as a business development and marketing manager with an Indian firm,

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Jaipan International Limited. While there he did feasibility studies and developed optimum pricing strategies to improve market penetration and win new customer accounts. Notably, Mr. Patel managed a $10M acquisition and technology transfer project from a German firm, and all-India launch of the food processor.

While in the Smeal MBA program, Mr. Patel has focused on Investment Management and Corporate Finance to hone his finance and strategic management skills. Mr. Patel serves as the Bloomberg and FTS team leader of Penn States Investment Management Club and is a Level 1 CFA candidate. Mr. Patel received his BS in Chemical Engineering from Mumbai University, India in 1999.

Sean Raynak, Vice President of Business Development Sean Raynak is completing his MBA in Entrepreneurship and Strategy from Penn States Smeal College of Business Administration. Prior to co-founding FrontaLobe, Sean has held numerous positions in financial operations and financial software industries. He has three years experience is in business consulting including pension administration and law, two years managing technology implementation and organizational process improvement. Most recently as a Management consultant for a small business development center Sean reviews, analyzes, and advises on client business plans; develops financial models and proformas for valuations and funding; conducts market research, planning, and analysis for strategy recommendation and organizational improvement. Sean also earned a

Bachelor of Science of Business Management, with distinction, from Point Park College.

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Dan Thomasson, Vice President of Product Development After growing up in Chesterland, Ohio, and graduating from West Geauga High School as the class Valedictorian in 1989, Dan went to Ohio State University to study Physics and Electrical Engineering. After receiving a BS in Engineering-Physics, he moved to State College, Pennsylvania, for a graduate program in EE. His MS and doctoral work at Penn State focused on microfabrication technology and semiconductor device physics.

After completing a PhD in 1998, Dan went to work for HP (now Agilent Technologies) in Santa Rosa, California, at the Microwave Technology Center. He started as the Integration Engineer responsible for the technical performance of PHEMT GaAs wafer fabrication. Dan was promoted in 2000 to the technical lead for all the semiconductor technologies and products being manufactured. One year later he was promoted to Product Engineering Manager. In May 2002, his group was expanded to include 18 engineers and technicians responsible for all semiconductor Product & Test Engineering. Professionally, he most enjoys leading his engineering team through technical challenges.

Thaddeus Will, Vice President of Marketing Prior to returning to Penn State to get his MBA, Mr. Will served four years as a territory sales manager with Cargill, Inc. While there he led business consulting teams and developed and implemented strategic territory marketing plans. As a Leadership

Development Associate at Owens Corning this past summer, Mr. Will investigated alternatives to maximize limited resources and capture profit potential for the $630

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million Siding Solutions distribution business.

Mr. Will previously managed and

operated a large commercial animal production farm in North Carolina three years with P&L and training responsibilities.

While in the Smeal MBA program, Mr. Will has studied Corporate Innovation and Entrepreneurship, honing his marketing strategy, business development and financial management skills. Mr. Will serves as President of the Penn State Entrepreneurs

Network and is a Consultant with the Small Business Development Center network. Mr. Will received a BS in Dairy and Animal Science from Penn State University in 1994.

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