Icron Business Plan
Form Data
Form # 410010 Version 1
Author Kelly Edminson Date Archived 10/02/1998
Revision History
Version Date Author Reason for Change
Document Approval
Name Signature Date
Manager
Supervisor
President
Icron Systems Inc.
USB Business Plan
Executive Summary
January 2000
DISCLAIMER
This document is confidential and is not to be construed as an offering of securities in any jurisdiction. The Information contained herein is subject to change without notice. Further information which will be subject to a non disclosure agreement is available to qualified parties upon request. E. & O. E. January, 2000
Table of Contents
1.0 Highlights 2
2.0 Company Profile 3
Mission Statement 3
Background 3
Where we are today 3
3.0 Business Context 4
Universal Serial Bus 4
The USB Distance Problem 4
Nature of Icron?s Technology 5
Applications of Icron?s ExtremeUSB Technology 6
Icron?s Long Term USB Technology Opportunity 7
Icron?s IP Position and Protection 7
4.0 Competition 7
5.0 Market Opportunity 8
The USB Market 8
The Expanded USB Market Opportunity 8
Product Deployment and Channel Strategy 9
6.0 Manufacturing Strategy 10
7.0 Management 10
8.0 Capital Structure 12
1.0 Highlights
USB Market Growing
The Universal Serial Bus (USB) is replacing serial and parallel ports on all new PC?s and Apple computers leading to a world of legacy free computers
All major computer manufacturers have agreed to put USB ports on all their personal computers including laptops
In response to the shift to legacy free PC, manufacturers of peripheral equipment such as keyboard, mice and cameras are converting all their models to be USB compatible.
The USB peripherals market is expected to grow at over 150% annually between 1999 and 2003, with $15 billion in sales predicted in 2003 (source Intel, August 3, 1999)
Icron Solves Distance limitation
Distance (maximum 5 meters) has been recognized as a fundamental restriction to USB
Icron has developed a fundamental enhancement to USB that improves its capabilities as a peripherals network solution
Expansion to 100 meters enables USB to move from the desktop to a wider range of enterprise applications
Icron?s technology has broad application in the residential, enterprise and industrial markets and fundamentally enables USB application in the enterprise and industrial markets
Icron Products Ready Now
Core Technology development (patent pending) is complete and commercial product shipment is imminent - Q2, 2000
Icron received considerable, high profile interest in its technology at Comdex 99
Icron has identified a number of additional USB product opportunities where it can provide similar fundamental improvements
Icron has signed marketing agreements with a number of leading high tech companies
A first mover, Icron will continue to move rapidly to capture value in the USB market
Icron has a defined path to success that could lead to sales in the $100?s of millions
Icron is a publicly traded company on the Canadian Venture Exchange
Icron is focused on providing superior return to its investors
"USB Technology has been a great technology in terms of stimulating creative new product developments. The Icron product is a fine example of this creativity that has resulted in long distance capability for USB."
Ralph Smith, USB Implementers Forum, 2 November 1999
2.0 Company Profile
Mission Statement
Icron Systems Inc. will become a world class USB technology and solutions provider by extending USB in terms of its capabilities, features, applications and market acceptance.. Specifically, Icron intends to enhance the capabilities of USB as a peripheral network solution. The Company?s strategy is to:
develop and maintain a leadership position in extended range USB technology and product development
develop profitable strategic relationships and channels to market with industry leaders, including distributors, VARs and OEMs
develop a broad range of products that provide extended USB capabilities
selectively pursue strategic acquisitions to accelerate market entry and product breadth
rapidly grow its revenue base and steadily improve its operating margins.
Icron intends to dominate the distance component of the extended range USB market
The Company believes that the successful implementation of this strategy will allow Icron to achieve superior financial performance and enhance shareholder value.
Background
Icron Systems Inc. is a publicly traded company incorporated under the Canada Business Corporation Act. Icron?s shares trade under the symbol ICM on the Canadian Venture Exchange (?CDNX?). Located in Delta, British Columbia, Icron has recently been restructured to focus its financial, management and technical resources on realizing the opportunity available to it by virtue of its ExtremeUSB? technology. Products under development utilize the new USB personal computer communication standard to extend the allowable distance between USB peripherals and the host PC.
The Company is now poised to bring its first product to market, the USB Ranger, an extended range USB hub. The Company is actively planning a number of variations of this product that will be marketed by the Company itself or in conjunction with market channel partners. Icron has provided evaluation units of its ExtremeUSB? technology to leading industry product manufacturers, Value Added Resellers and End Users in the PC marketplace. The successful evaluation of these units has led to agreements with several USB equipment manufacturers and Value Added Resellers companies. Icron has thus established good relations with many key companies and representatives in the USB market. Icron intends to continue to nurture these relationships and develop others as it brings its technology to market.
Where we are today
The ExtremeUSB? technology was officially unveiled at Fall Comdex 99, November 15 - 19 in Las Vegas. At Comdex, Icron announced that it had established the ?ExtremeUSB? Team? to further the development and marketing of its ExtremeUSB? technology. Members participate to obtain a competitive advantage through the use of ExtremeUSBTM in their products. Since announcing the establishment of the ExtremeUSB? Team, Icron has completed formal teaming agreements with ADS Technologies, Inside Out Networks, Gefen Inc., Minicom Advanced Systems and Belkin Components.
"I think this (Icron?s Ranger) is one of the most innovative things we've seen at the show."
Jim Louderback, ZDTV Comdex Live, 18 November 1999
Based upon its successful debut at Comdex, Icron is currently in the process of manufacturing its next generation of beta evaluation units - with yet more advanced capabilities - to provide to a growing list of companies that have expressed an interest in ExtremeUSB? technology. In order to meet known market demand, Icron intends to commence shipment of a commercial version of USB Ranger in April 2000. Initial shipments will be implemented using discrete component-based products which will be replaced an ASIC (low cost custom chip) version in the 4 Qtr 2000.
The Company intends to develop additional USB technologies and products - software and hardware - to complement its extended range technology and reinforce its leadership position. Icron has already identified a number of these and is currently prioritising their development as part of its product rollout strategy. These include variations of the USB Ranger that include longer and shorter distance capability, local and remote USB ports, and inclusion of other communication technologies such as Ethernet, fibre optics, Bluetooth and other wireless protocols.
Icron has achieved the following milestones:
Commencement of technology experiments June, 1996
Decision to focus the technology on USB November, 1997
Creation of Icron Systems Inc. April, 1998
Proof of concept of transmission technology December, 1998
Submission of first patent application February, 1999
Delivery of evaluation units to potential partners September, 1999
Comdex Technology Debut and Establishment of ExtremeUSB Team November, 1999
Going forward, Icron plans to achieved the following milestones:
Shipment of beta units for field trials January, 2000
Product launch and ship first commercial product April, 2000
Complete major cost reduction, integrated ASIC September, 2000
USB 2.0 implementation December, 2000
3.0 Business Context
Universal Serial Bus
Icron intends to build its business upon the new universally accepted USB (Universal Serial Bus) interface.
?USB is coming to retail now and is really going to make a difference?USB will cannibalize the business as we know it today?They [consumers] will buy USB for everything.?
Twice Magazine, April 1999 (leading magazine for retailers)
USB is arguably the most ubiquitous interface yet developed and implemented for computers and peripherals. Development of USB was motivated by three interrelated considerations to provide further market stimulation for PCs and related equipment:
to provide a ubiquitous link that can be used across a wide array of PC-to-telephone connections, enabling new applications;
to provide ease-of-use flexibility in reconfiguring a PC to facilitate future market demand; and
to allow many more external devices to be connected to a PC.
"USB adds little (if any) incremental cost to a basic peripheral".
Dataquest, 16 March 1998
As of April 1999, USB products were the best selling peripherals in the retail market in a broad range of categories (source PC Data) including scanners, video cameras, printers, keyboards and mice.
The USB Distance Problem
The connection distance capability of USB is the only area that USB is not superior to the parallel or serial interfaces that it is replacing. Timing limitations within the USB protocol restrict the overall domain to thirty (30) meters and transmission limitations restrict individual cable segments to five (5) meters. With a five-meter range limitation (16 feet) between devices, and an overall thirty-meter limitation, USB effectively confines PC peripherals to the user?s immediate surroundings. Simply extending USB cables does not maintain USB integrity.
Analysis of USB user input and conversations with USB product suppliers have confirmed that extending the range of USB is one of the most frequently requested enhancements of USB. There is now a large number of USB devices and consumer demand to connect them together. Many of the devices are, by their nature, more than five meters from the PC. Therefore, it follows that by extending the range between the PC and its peripherals, Icron has achieved a fundamental improvement to USB. Independent observers have supported this conclusion.
Icron believes that its ExtremeUSB? technology can be the evolutionary catalyst that will allow USB to provide more features and applications than it was designed for.
Nature of Icron?s Technology
Icron?s ExtremeUSB? is an enabling technology that expands USB connection distance capability from five meters to over 100 meters, with a theoretical limit of 200 kilometers. The technology has been developed to work with all USB 1.0/1.1 devices and PCs. ExtremeUSB? is a major technical achievement that produced solutions in three distinct areas. It provides for:
A custom transmission protocol and USB protocol conversion mechanism;
Remote device powering over the ExtremeUSB link of up to 100 meters; and
Amplifying and modulating the signal to utilize Category 5 UTP (standard Ethernet) cable.
ExtremeUSB? technology can be readily adapted to utilize other communications media such as fibre, wireless, Ethernet and co-axial cable to provide connectivity between USB devices and the host CPU.
ExtremeUSB? Market segments and Product Solution Options
ExtremeUSB? has been designed to solve three generic business problems:
1. USB distance applications - Conventional USB: There is clear established demand for extending the connection distance between USB peripherals and a PC. ExtremeUSB? provides a practical means to place a USB peripheral anywhere within a building or residence.
2. Business Users - EnterpriseUSB: Business users can use ExtremeUSB? to connect USB devices anywhere within their enterprise with standard data communications wall ports. Icron is receiving a high level of interest in ExtremeUSB? as a mechanism to open up the business user market to USB products.
3. Legacy Replacement: USB is designed to replace the parallel and serial interfaces on PCs. Industrial controls, point of sale devices, electronic white boards, and many other industrial and commercial devices will in the next few years be required to migrate to a fully USB compatible solution. ExtremeUSB? provides a transition path enabling USB devices to simply plug into the existing infrastructure.
Applications of Icron?s ExtremeUSB? Technology
USB was developed as a networking technology for peripherals - the ?desktop network?. ExtremeUSB? opens up the possibility of networking peripherals across a much broader horizon, one whose scale and capabilities are consistent with and complementary to other networks, such as Ethernet or enterprise telephone networks. An informal survey of current demand for ExtremeUSB? confirms a broad spectrum of potential applications such as video cameras, LAN/switching, Home automation, Enterprise and Industrial controls.
Suppliers of data acquisition equipment, Point-of-Sale equipment, medical equipment and many others have contacted Icron to ask for help in solving the distance problem for their USB products. The market has thus made the leap and Icron is following its lead. Icron is in the fortunate position of having demand for its solution before its existence is widely known. Specific examples of this demand and their significance include:
A large manufacturer of UNIX workstations requires thousands of extended range ports to connect remote test systems to keyboards and mice on their production line;
A web casting company requires ExtremeUSB? to connect USB video cameras in day care centers to a central PC;
Customers of a large supplier of UNIX workstations require a solution that will allow them to extend their keyboards and mice at a distance from the workstation location;
A medical equipment company requires a USB plug and play solution to connect their equipment to a central PC where USB surface cabling is a serious liability;
A supplier of commercial flight simulators requires the ability to span large distances for their new USB product line;
A very large system integrator requires a number of ExtremeUSB units for a US military installation requiring remote USB keyboards and mice; and
A home automation company has developed the software to route USB audio streams around the house, from either mouse control on a PC or by voice commands from any telephone in the house and wishes to use multiple Icron devices to reach different rooms in the house.
It is advancement in web casting technology such as yours (Icron?s ExtremeUSB?) that is allowing us to move forward at a rapid pace.
Chris Delp, CEO Daycam.com, 3 December 1999
Icron?s Long Term USB Technology Opportunity
Icron is aware of a number of ways that USB could be further enhanced or extended to provide greater application and opportunity. These include differing power levels, differing distance capabilities, differing transmission media, additional addressing capabilities, increased topology and others. Icron intends to pursue a pragmatic strategy to develop technologies and a broad range of products that builds upon its extended range capability. As market demand increases for a specific capability, Icron will develop unique solutions to satisfy market demand.
From a networking point of view, peripherals are dumb devices - even those with USB connectors. By extending the range of USB, Icron has provided the means to connect peripherals across a large network without having to add the sophistication of a full networking system. An ExtremeUSBTM network could be utilized for stand-alone applications, such as high definition digital sound in-home entertainment or as an enhancement to existing networks such as a video camera networks or smart conference rooms.
Icron?s IP Position and Protection
At this time, Icron has filed two patent applications with the Canadian Intellectual Property Office. It is still within the one-year period that will allow Icron to obtain protection in the United States and other countries, backdated to the original date of filing in Canada. The Company is not aware of any competitive effort in the area of extended range USB. As part of its intellectual capital, Icron has also created and developed certain words, phrases, symbols and designs, such as ExtremeUSB? and EnterpriseUSB?, that it believes have fundamental market value. Icron fully intends to aggressively protect its current patents and to extend its intellectual property position as our technology is further developed by filing additional patents.
4.0 Competition
There is currently no identified competitive effort to extend the distance of USB beyond its 30 meter overall capability. Key features that differentiate ExtremeUSB?:
First to market;
Fully USB compliant (USBIF Compliance Tested) distance extension;
Range capability to 100 meters over standard Category 5 UTP cable;
Uses the unused pairs on the Ethernet cable (not interfering with Ethernet or other communications); and
Remote device powering - USB powered devices such as video cameras can be powered over the ExtremeUSB? link.
5.0 The Market Opportunity
The USB Market
The USB market is experiencing a rapid rate of growth based upon:
the removal of the restriction of the number of peripherals that can be connected to a PC;
the ease of connecting peripherals and the relative low-cost of USB products;
introduction of new products that take advantage of various USB attributes (e.g. bandwidth)
conversion of legacy interface peripherals to USB interfaces
The market growth is fundamentally fueled by the growth of the overall PC market. Current USB product growth rates, however, are much higher than the overall PC market as these products penetrate into the market. The penetration of USB products is expected to be further accelerated by the introduction of ?legacy-free? PCs. Legacy free PCs are those that do not have serial, parallel or PS2 interfaces and rely on the external bus technologies of USB and IEEE 1394 (FireWire).
Intel (August 3, 1999) predicts that there will be an installed base of over 300 million USB capable PCs in 2000 and over 700 million USB capable PCs by 2003. Moreover, there is expected to be one-half billion USB devices sold in 2003 with annual revenues of $15 billion. Many users of these peripherals will require the ability to locate them more than 5 meters from the PC.
USB Peripheral Forecast (thousands of units)
Category 1999 2000 2001 2002 2003
Keyboards 7,979 30,202 47,130 114,276 187,331
Mice 6,262 25,242 40,351 101,414 171,438
Speakers 4,249 11,926 15,646 28,688 53,433
Printers 1,064 3,409 7,658 24,675 31,768
Digital Cameras 1,564 3,265 4,519 6,879 9,086
Modems 705 1,969 2,917 6,287 8,239
Other 4,828 10,475 15,229 20,930 32,639
Total 26,652 86,487 133,449 303,149 493,933
Source: Dataquest (April 1999) USBIF
The Expanded USB Market Opportunity
Until now, the USB market has largely been retail or consumer oriented. This is due to a number of factors:
USB was perceived, introduced and promoted as a desktop network ideal for the home user
the general outlook by the USB promoters (Microsoft, Intel, Compaq, DEC, etc.) of the PC market is that it is a single user market (i.e. a single user paradigm)
there has been a reverse technology migration path whereby the consumer is often less risk averse and adopts new technologies sooner than business, industrial or military users (e.g. with Operating System upgrades)
the lack of software support for USB in the Windows NT 4.0 operating system that dominates the business user market; Microsoft has no plans to provide a patch for USB in NT 4.0 as they have completely changed architectures with their development of Windows 2000
The USB market can expect ongoing rapid growth once business, industrial and military users become comfortable with the viability of USB (as evidenced by its consumer acceptance) and once USB is made suitable for their environments. The release of Windows 2000 will provide USB support for business users. Icron?s ExtremeUSB technology is expected to accelerate USB acceptance by these users by providing them with a convenient method of connecting USB devices in an office or industrial environment.
Icron thus foresees the following target audiences for ExtremeUSB? products:
Users of USB devices requiring extended range connections
Business Users wanting to utilize USB devices
Manufacturers of USB peripheral devices and connectivity devices
Manufacturers of PC peripheral equipment looking to transition to USB
Industrial Users requiring a USB system
These audiences can be broken down into three market areas:
the conventional USB market that is largely consumer oriented
the business user or EnterpriseUSB? market
the industrial market requiring embedded solutions or replacements for legacy applications
Each of these market areas requires different strategies and different product options.
Product Deployment and Channel Strategy
Icron will utilize a product roll out strategy encompassing a number of different Stages. These stages can be characterized as follows:
1. Ranger 100 & 400: Icron is currently initiating beta trials of its Ranger 100 and 400 industrial products. These products provide an extended range capability for USB connections on a single port basis (Ranger 100) and a four-port basis (Ranger 400). These products will be commercially available in April 2000.
2. Product and Technology Extensions: The Company will in the next 2 years develop and introduce a broad product line encompassing enhancements to its technology that provide features such as:
Extended distance: 200 meters or more
Extended power: Remote power capability beyond conventional USB 500mA at 5V
Extended topology: switching
Extended bandwidth: USB 2.0 implementation supporting 480 Mbps
Extended applications: Higher level solutions
3. Technology sales: Icron will sell the core elements of its technology in the form of a discrete semiconductor device to its strategic OEM partners. The company will rapidly migrate its technology to an ASIC embodiment that will be available in the fourth quarter of 2000.
4. Licensing: Icron anticipates that once broad acceptance of ExtremeUSB technology is achieved as the solution of choice for extending USB connectivity, it will license its technology to existing and future USB semiconductor manufacturers for incorporation into other semiconductor devices. Start in Q1, 2000
Channel strategy
Products Channel Target markets
Icron brand products Full product line - Direct - OEM?s - Bundled - Distributors & VARS - Enterprise & - Industrial
Private label product Selective products - OEM?s, - VARS & - Distributors -Enterprise & Industrial -Limited home & small office
ExtremeUSB Technology Chips & licensing - OEM?s - Selected VARS - Home, small office, Enterprise & Industrial
With the rapid implementation of its product roll-out and channel strategies, Icron management believes it can become a significant global supplier of USB extended range technologies and products. The company anticipates it will dominate the distance component of the extended range USB market and achieve significant market share in its targeted markets.
6.0 Manufacturing Strategy
Icron intends to utilize ISO9000 qualified contract manufacturing firms to provide materials management, production engineering and product assembly services. Icron management through its historical association with Icron Manufacturing Inc. and personal expertise possesses a high degree of knowledge regarding the contract manufacturing industry. Icron is being actively courted by a number of other contract manufacturing companies based in North America and abroad. Icron does not believe that it is in the best interests of its shareholders to manufacture its own products in-house. Among other anticipated benefits, contract manufacturers will provide significant scale economies in both assembly services and parts procurement that are well beyond what Icron could realize on its own. Contract manufacturers are also expected to provide higher quality and lower cost assembly services than the Company could in the short term provide itself.
7.0 Management and Board of Directors
Management
The Company?s management has recently been reorganized. In November 1999, Doug Kind resigned as President and CEO and was replaced By Dirk Schillebeeckx as Interim CEO. In December 1999, the Company agreed to sell Icron Manufacturing Inc. to Doug Kind in exchange for cash, the assumption of debt and retirement of shares. It is anticipated that the closing of the sale transaction will take place immediately following the Extraordinary General Meeting on February 14 called to approve the transaction.
Since joining Icron, Mr. Schillebeeckx has reorganized the management team:
Mr. Schillebeeckx has agreed to become President and CEO on a permanent basis.
David Dunnison will continue as Vice President - Business Development. Mr. Dunnison was the first to identify the market for the ExtremeUSB technology and has developed the relationships between the Company and its potential customers and channel partners.
Suresh Singh, who joined the Company on November, will become Chief Operating Officer, responsible for finance, purchasing and general operations.
John McLeod will become Director of Engineering. Mr. McLeod has provided contract services to the Company and its predecessors since 1996. Since November he has become responsible for all product and technology development activities.
Dirk J. Schillebeeckx, President & Chief Executive Officer: Mr. Schillebeeckx has extensive senior management and operations experience with a number of leading North American high technology companies including California Microwave, Microtel, SPAR Aerospace and Nortel. He has managed the rapid commercialization of new technologies and products, technology transfer, manufacturing operations, US and International marketing, acquisitions, strategic alliances and joint ventures. A founding board member of the Canadian Optics Center in Quebec City, he has been active on the boards of Directors of a variety of US and Canadian public and private companies seeking successful market entry for their new products, services and technologies in global markets.
David Dunnison, Vice-President Business Development: Mr. Dunnison joined Icron in February 1998 to lead Icron?s business development and financing activities. Mr. Dunnison initiated the company?s USB activities and has led its USB business development. Prior to joining Icron, Mr. Dunnison was involved in the creation of and was responsible for the overall marketing management, strategy and business development at Ballard Generation Systems, a subsidiary of Ballard Power Systems (?Ballard?) - a leading developer of PEM fuel cells and fuel cell systems. Mr. Dunnison was involved in product development at Teradyne Inc. from 1989 until January 1994, a leading supplier of automatic test equipment and software for the semiconductor and circuit board manufacturing industries. Mr. Dunnison is a Director of Panterra Minerals Inc. listed on The Canadian Venture Exchange. Mr. Dunnison has two Bachelor degrees from the University of British Columbia and an MBA from the Harvard University Graduate School of Business.
Suresh Singh, Chief Operating Officer: Mr. Singh joined the Company in November 1999. Mr. Singh has a strong background in finance, accounting, general business operations and manufacturing. Prior to accepting this position with Icron Systems, he worked with PCS Wireless, Inc as the Executive Vice President and Chief Operating Officer. During his 4 year tenure with PCS, Suresh was a key player in the growth of the company from 5 to 120 employees. He also successfully negotiated the purchase of Unique Broadband Inc for $22,000.000.00. Current capitalization of Unique Broadband is in excess of $250,000,000.00. A founding employee of Integra Systems Inc., he held the position of Vice President and Chief Operating Officer for a 4 year period, overseeing the creation of their manufacturing and service divisions and in the process built, shipped and serviced over 20,000 Point Of Sale terminals for the convenience store industry. He also has further experience in general operations with other businesses in Canada. Suresh Singh has a diploma in finance and business administration and has completed 4.5 levels of the CGA program
John McLeod: Director of Engineering: Mr. McLeod has been associated with the company and its predecessors since 1996, leading the company?s patent submission and product definition efforts. Mr. McLeod has recently agreed to join the Company on a full-time basis as Senior Engineering Manager. Mr. McLeod has held senior engineering management positions at Xinex Labs, Inc., Mobile Data Inc. (now Motorola) and Mitel Corporation. Mr. McLeod was the software architect of Mitel?s revolutionary SX-2000 product line before taking over responsibility for its development and product introduction. Products developed by Mr. McLeod have provided service to over 1,000,000 users. Mr. McLeod holds a Bachelor of Science degree from the University of St Andrews and a Master of Telecommunication Systems from the University of Essex.
David G.M. Smith, Corporate Finance and Investor Relations: Mr. Smith has been arranging equity and debt financings for publicly listed technology companies since 1986. He founded Interface International in 1978 which has provided venture capital, corporate finance and management consulting services to a variety of emerging growth firms such as Jenosys Technologies Inc., dba Telecom Corporation, Kalman Technologies Inc., and Avcan Global Systems Inc. He has coordinated public company listings, public offerings and corporate restructuring for firms in Canada and the United States and has served as CEO of a variety of public and private technology firms.
He is a B.Sc. (Honours) graduate of the University of British Columbia.
Board of Directors
The board currently consists of Kelly Edmison as Chairman, Barry Jinks and Doug Kind. Kelly Edmison co-founded the Company?s predecessor with Doug Kind in 1996. Barry Jinks joined the Board in November 1999 to lead the strategic direction of the Company at a Board level. Mr. Kind has agreed that he will not stand for re-election at the Annual General Meeting of the company to be held in May/June 2000. The Company intends to appoint two new member of the Board following completion of the financing and the sale of Icron Manufacturing to Doug Kind.
J. Kelly Edmison, Chairman of the Board: Mr. Edmison manages a law practice focused on the high technology sector, and has experience in corporate, commercial and securities law. Mr. Edmison is a Director of eDispatch.com Wireless Data Inc., listed on The Canadian Venture Exchange and Secretary of ALI Technologies Inc., listed on The Toronto Stock Exchange. He is also a Director of NorthStar Trade Finance Corporation and Secretary of Sonigistix Corporation, Synapse Technologies Corporation and NxtPhase Corporation, all Vancouver based venture capital finance companies.
Barry Jinks, Director: Mr. Jinks was previously the President, CEO of Spectrum Signal Processing Inc. from 1990 to 1999. Spectrum is a technology company based in Burnaby, B.C. with sales of approximately $40 million (CDN) annually. Mr. Jinks shepherded Spectrum from a small startup to a NASDAQ and TSE listed public company with over 150 employees Worldwide. Spectrum develops Digital Signal Processing systems with about 50% o |
