EPS Offices Carlsbad CAEmission & Power Solutions, Plc (“EPS” or the “Company”) is a U.K. based publicly listed company trading on both the Frankfurt stock exchange (symbol EPI) and on the Xetra platform. The Company also maintains a corporate office in Carlsbad, California and since 2003 has developed, licensed and acquired technologies for improving fuel economy while reducing environmentally harmful exhaust emissions using advanced patented and proprietary fuel treatment devices.

The Company has developed in line fuel treatment products which incorporate a proprietary multi phase process utilizing engineered flow patterns in order to restructure the fuel's hydrocarbons, thereby increasing the fuel’s energy potential to create a more efficient and cleaner burn during the combustion cycle of an engine. EPS also has other products in advanced-stage development to help engines run more efficiently and to decrease emissions.

With rising energy prices and concerns of global warming, fuel devices that decrease consumption and produce cleaner emissions are experiencing a strong market demand and public policy interest. World energy consumption is anticipated to increase 57% by 2025 according to the U.S. Energy Information Administration’s 2005 forecast, and global demand for diesel and gasoline fuels are expected to keep crude oil prices at or near record levels over the mid-term.

The demand for the Company’s technologies is global, and given the fact that EU member nations are currently more focused on significant reduction of their carbon footprints than the United States, the Company believes that significant early adoption for its potentially disruptive technologies may well first occur within the European Union. To that end the Company has targeted a number of key European potential customers and is currently focused on driving its technologies into the European Union given the relative strength of both the broad EU economy and its automotive industry in comparison to the United States.

Management

Erik Ulsteen – Chairman & CEO

Prior to founding the Company, Mr. Ulsteen owned and operated an export business for 6 years, successfully marketing U.S.-made products throughout the European marketplace.  Mr. Ulsteen brought and won a landmark case in the EFTA (European Free Trade Association) court in Brussels, Belgium, allowing for free competition and lower prices for U.S. made goods in Europe as a result. Mr. Ulsteen holds a business degree from the Bedrifts Økonomisk Institutt in Norway and attended the University of San Diego, School of Business Administration.  Mr. Ulsteen is fluent in Norwegian, Swedish, Danish, and English.

 

Benton Moore – Director

Mr. Moore has counseled private and public companies through complex business transactions including mergers, acquisitions, intellectual property, and international licensing. Mr. Moore has 20 years’ experience serving on corporate boards of directors.  Mr. Moore received his Juris Doctorate from the University of San Diego School of Law and is licensed to practice in California and the District of Columbia. He received his M.B.A. in New Venture Management, cum laude, from the University of San Diego School of Graduate Business. Mr. Moore also earned a Certificate in International Law from Ireland’s Trinity College, Dublin and a B.S. in Business (Marketing) from North Carolina State University and Virginia Commonwealth University.

 

Thor Johansen – Director

Mr. Johansen founded and later sold Deli de Luca to food distributor Norgesgruppen for 380 million NOK (approximately USD 60 million) two years ago.  Mr. Johansen is currently the General Manager of Deli De Luca Norway.  He was formerly the Executive VP of Marketing for 7 Eleven Scandinavia.

 

Richard M. McLaughlin – VP, OEM Sales & Marketing

Prior to his involvement with the Company, Mr. McLaughlin was (from 1994 – 2007) the Director of Original Equipment (OE) Sales and Marketing for EK North America, in which position he was responsible for directing overall OE sales and application engineering team activities in developing strategy and marketing of OE production and aftermarket service products to US and foreign auto manufactures as a tier 1 supplier. From 1975 until joining EK North America in 1994, Mr. McLaughlin oversaw various sales and marketing positions at Ford Motor Company and Fel-Pro Inc. He is a member of the Society of Automotive Engineers and has both a B.S. in Industrial Management and an M.B.A. in Marketing from the University of Detroit.

 

Phillip Roberts – Marketing Consultant

Mr. Roberts is an accomplished executive with 25 years experience in emissions control systems development and fuel/oil marketing. With Atlantic Richfield/ARCO he served as corporate operation liaison where he became the top ARCO AM/PM retail franchise manager responsible for over $350M in annual territory revenues. The past 15 years Mr. Roberts has focused on clean technology, developing and holding patents on innovative emissions control technologies and advanced fuels, oils, and lubricants.  Mr. Roberts speaks professionally on a variety of environmental issues involving toxic smog and practical solutions, some of which he has developed. He was chosen as one of INC magazine’s “Top Fifty Green Entrepreneurs”, appeared in a London Financial Times article on Clean Technology, was “California Businessman of the Year” by the National Business Council. and most recently was featured on the front page of the LA Times Business Section, in an article titled “On a mission to cut emissions”.  Mr. Roberts has earned degrees from Georgetown University, Universite de Paris, (Sorbonne), and an executive certificate from Wharton.

 

Richard Carlson – Technical Consultant

Mr. Carlson is a seasoned executive in business management, emissions systems design, manufacturing and testing, project manager and engineer.  He has served in senior management and technical positions at several independent California-based automotive engineering and testing firms including as Director of Research & Quality for Car Sound Exhaust System, Inc where he was responsible for developing, testing and certifying new aftermarket emission control products. Together with Phil Roberts, he built and operated one of only three ISO/EPA/CARB recognized engine emission testing labs in the country approved for “Federal Transient Protocol” testing, and spearheaded the ADEC-II and MaxTRAP testing and verification program with CARB for the past three years.  Mr. Carlson has an M.S. in Environmental Engineering from UCLA.

 

Eric Wachsman, Ph.D. – Research & Development Consultant
Dr. Wachsman is the prestigious first director of the University of Maryland Energy Research Center, part of the U.S. Department of Energy’s awarding the designation as an Energy Frontier Research Center.  Dr. Wachsman has focused his career on developing advanced, efficient, energy conversion devices and technologies, including the potentiometric sensor being commercialized by EPS. Prior to joining the University of Maryland, Dr. Wachsman was director of the Florida Institute for Sustainable Energy, director of the U.S. Department of Energy High Temperature Electrochemistry Center at the University of Florida, and the Rhines Chair Professor of Department of Materials Science & Engineering. He received a Ph.D. in materials science and engineering from Stanford University, and a B.S. in chemical engineering from the University of California at Berkeley.  He has more than 140 publications and eight patents on ionic and electronic transport in ceramics, their catalytic properties, and device performance.

 

Marcus Ashford, Ph.D. – Research & Development Consultant
Dr. Ashford is the inventor of the EPS Vapor Emission System (“VES”) and Mechanical Engineering Professor at the University of Alabama.  He is currently developing the VES prototype for commercialization.  Formerly in Product Development at Ford Motor Company specializing in power train development and Exxon Chemical in Baton Rouge.  He received his Ph.D. and M.S.E. from University of Texas, Austin and B.S. from Louisiana State University.  Dr. Ashford is a newly inducted member of the at University of Texas’ prestigious Friar’s Society.  The National Society of Black Engineers named him Graduate Student of the Year for his emissions research.

 

B. Greg Casey – Technical Advisor
A petroleum engineer, Mr. Casey has over 19 years of experience managing projects and programs in the environmental, water resources, and petroleum industries.  Mr. Casey will assist with writing government grants for the company.  Founding member and principal of ALL-LLC, one of the primary consultant firms to the U.S. Department of Energy.  He managed, provided initial design, and supervised the final design and permitting of 15 Class I injection wells for facilities in Texas, Oklahoma, and California.  Mr. Casey previously worked for a large international consulting firm, for the consulting division of a large industrial chemical company, and as a consultant to the U.S. Environmental Protection Agency.  Mr. Casey received his B.S., Petroleum Engineering from Texas A&M University.

 

Babak Nemati, Ph.D. – Technical Advisor

Consultant for developing nanotechnology applications.  He is currently President of Strategic Intelligence Consulting and formerly Executive Vice President of Genetronics, Inc. responsible for Corporate Development. Previously, he was Director of Surgical Oncology at J&J's Ethicon Endo-Surgery, Inc., Chair of the Johnson & Johnson Medical Optics Subcommittee, Analyst for the NASA Technology Commercialization Center, and Director of Product Commercialization at Soma Research Corporation.  Dr. Nemati is a graduate of the University of Texas at Austin, where he earned a B.A. and B.S. degrees in physics and mathematics, respectively, and M.S. and Ph.D. degrees in electrical engineering.