Board of Directors

Cary G. Bullock

Mr. Bullock was employed most recently by GreenFuel Technologies Corporation, serving as Chief Executive Officer from February 2005 through June 2007 and as Vice President for Business Development from June 2007 through January 2009; he was a member of the Board of Directors of GreenFuel Technologies Corporation from February 2005  through August 2009. Since February 2009, Mr. Bullock has served a variety of clients as an independent consultant and business advisor. Prior to joining GreenFuel Technologies, Mr. Bullock was Chairman and Chief Executive Officer of Excelergy Corporation, Vice President of KENETECH Management Services and President of its affiliate, KENETECH Energy Management, Inc., Chairman and Chief Executive Officer of Econoler/USA Inc., Vice President of Engineering and Operations and Principal Engineer of Xenergy Inc., Director of Special Engineering and a Senior Engineer at ECRM, Inc. and a Senior Engineer at Sylvania Electronics Systems. Mr. Bullock holds an AB degree from Amherst College and B.S. and M.S. degrees from MIT.

Dennis C. Cossey

age 62, has served as Chairman of the Board of Directors since 1990. Mr. Cossey has been the Chief Executive Officer and a director of the Company since 1988. Prior to joining the Company, Mr. Cossey served in executive and sales positions at a number of companies, including IBM and Peter Kiewit and Sons Engineering. Mr. Cossey is a member of several industry professional groups including the American Society of Naval Engineers, the US Naval Institute, the Society of Naval Architects and Marine Engineers and the Association of Energy Engineers. Mr. Cossey has testified before congress on various environmental issues.

Arthur S. Reynolds

Mr. Reynolds, who is 65 years old, has been a member of our Board of Directors since October 2, 2008.  He is the founder of Rexon Limited of London and New York where, since 1999, he has served as managing director. Mr. Reynolds was founder, co-owner of London-based Value Management & Research (UK) Limited and served as managing partner from 1997 to 1999.   He was the founder and, from 1982 to 1997, served as managing director of Ferghana Financial Services Limited. Prior thereto, Mr. Reynolds held executive positions at Merrill Lynch International Bank Limited, Banque de la Société Financière Européene, J.P. Morgan & Company and Mobil Corporation.  Mr. Reynolds is also a director of Apogee Technology, Inc.

David Anthony

David Anthony is an experienced entrepreneur, venture capitalist, and educator. He is Managing Director of 21 Ventures, a position he has held since 2003, and sits on the boards of Agent Video Intelligence, Axion Power International, Inc., 3GSolar, BioPetroClean, Juice Wireless, Open Energy and VOIP Logic. Prior to 21 Ventures, Mr. Anthony launched Notorious Entertainment, a developer of multimedia brands. Mr. Anthony received his MBA from The Tuck School of Business at Dartmouth College and a BA in Economics from George Washington University.  Mr. Anthony is 48 years old.

J. Winder Hughes III

Since 1995, Mr. Hughes has served as the managing partner of Hughes Capital Investors, LLC, which manages private assets and raises money for small public companies.  In 2000, he formed Focus Fund, LP (with Hughes Capital as the fund manager), which is a highly-concentrated equity partnership that focuses on publicly-traded emerging growth companies.  From 1983 to 1995, Mr. Hughes was an investment executive, first with Kidder Peabody & Co. and subsequently with Prudential Securities.  Mr. Hughes is 51 years old.

Shawn R. Hughes

Shawn R. Hughes has served as our President and Chief Operating Officer since January 1, 2008, and was a member of our Board of Directors from September 10, 2008 until January 22, 2009. From June 15, 2007 through December 31, 2007, he was employed by us to assist the Chief Executive Officer in administering corporate affairs and overseeing all of our business operating functions. Previously, Mr. Hughes served as President and Chief Operating Officer of Mortgage Contract Services (from November 2006 to May 2007) and as Chief Executive Officer of Fortress Technologies (from 2001 to October 2006).  Mr. Hughes is 49 years old.