tmawind.com execsum apr 07

8/14/2019 TMAWIND.com Execsum Apr 07

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EXECUTIVE SUMMARY July 7, 2007


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TMAs technology breakthrough has allowed the company to develop a revolutionaryvertical axis turbine for commercial entry into the fastest-growing segment of the global energy market, wind power. Global wind power growth hasaveraged 30% per year for the past 11 years and, with everincreasing costs of fossil fuels, increasing sensitivity regardingthe killing of Federally Protected Avian Species, and withmajor global warming concerns, TMAs wind turbineand its leading edge technology is positioned to be

extremely successful in the world market.

The TMA turbine o ers substantial advantagesover conventional propeller-style wind turbines.Functionality, ease of maintenance and operation,lack of electronic interference, no groundresonance, a more acceptable pro le, quieter inoperation than propeller-style turbines and nobird or bat kills in over 11 years of turbine operations .

During 2005/2006 we had tremendous success in improving the aerodynamic design and e ciency of ourturbine. A more e cient turbine means a smaller and less costly commercial unit. The results of TMAs unique,three-tiered approach to evaluating the performance characteristics of our turbine are a resounding success.We have increased the e ciency of our wind tunnel prototypes from 21% to over 45% throughout theentire power curve (CPP Wind Engineering Consultants veri cation). Additionally, we have simpli ed theconstruction procedures. The conclusions derived from the computational uid dynamics, wind tunneltesting, and eld studies of the existing turbines have con rmed the capabilities of the design and validatedthe scalability for larger turbine units up to 500 kilowatt. This has enabled TMA to de ne the powerperformance characteristics giving TMA turbines a power curve that is superior to many of the best propellerturbines being utilized today.

We have developed high pro le relationships with various corporations regarding the licensing andmanufacturing of TMAs products both nationally and internationally. We have procedures in place to protect

our intellectual property for our current designs and future applications. TMA has been issued three USApatents, a South African patent, Australian patent, Taiwanese patent, European patent and is ling patents inJapan, China, Canada, Singapore and India as well as ling multiple applications on technologyimprovements related to the issued patents. We continue to focus our e orts on activities that keep us on thepath of getting our technology commercialized and certi ed as to performance and reliability. From anoperations perspective we have upgraded our bookkeeping, accounting, budgeting and forecastingprocesses for improved management systems. Our major objective for 2007 is to consummate product salesto governments, corporations, wind farm project developers and individuals of TMAs commercial sizedturbines from 25 kW to 500 kilowatts in size.

The company owns a fully licensed wind farm consisting of 1,280 acres in a superior wind regime, and with

a Power Purchase Agreement and substation in place, the property carries a value of over $6 Million USD. Wehave 30 years remaining on a lease for 11,000 acres in Wyoming in a strong wind area. Previously these twoproperties have only been utilized for testing and operation of our prototype units. However, since they areprime development properties, TMA has partnered with a wind energy developer and under a Joint VentureLLC Agreement, and is in the process of developing these properties to generate cash ow for TMA and ourshareholders while we complete our mission of commercializing TMAs technology.

Ronald J. Taylor Founder / Chairman TMA, Inc

Terra Moya Aqua, Inc. (TMA, Inc.)2020 Carey Avenue, Suite 700, Cheyenne, WY 82001Contact: Ron Taylor or Duane Rasmussen, President Phone: (307) 772-0200 Fax: (307) 772- 0222


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TMA is a renewable resource company involved in the development,manufacture and marketing of vertical axis wind energy turbines andhybrid energy systems. TMA has designed, engineered and

patents issued on a revolutionary new wind turbine design. Theseunique and leading edge technology, wind energy systems produce

homeowners, small businesses, commercial industry and utilitycompanies.

TMAs torque unit and power conditioning systems are designed tomaintain maximum generation capacity at 33 mph to 35 mph winds. The Companys systems are unique to the renewable energyindustry, as the TMA turbines do not restrict or stop producingelectricity during high wind velocities or extreme weather conditionsThe TMA wind turbine will maintain the same power conversion

Usas a complimentary source of distributed electrical generation,assuming full power generation around 33% of the time, the cost perkilowatt-hour is under 5, compared with current consumer prices of 8 to 10 cents and above.

Continuing concern for environmentally safe energy generation, theFederal government passed the 2008 Energy Policy Act, providing an

energy for all production units on line before the end of 2008. Anaggressive Federal Renewable Portfolio Standard (RPS) could resultin wind capturing 10% of the U.S. power market by 2020, with annualsales of $18.6 billion. Raising the U.S. share of renewable power by10x current levels over the next two decades could provide a 13%drop in electricity bills and concurrently stabilize utility carbonemissions at year 2000 levels.

The Company has entered into a 20 year Power Purchase Agreement

with Tri-State Utilities Company and has signed a JV / LLC Agreementwith a wind project developer to develop projects with TMA such as theKing Ranch Wind Farm and the Simpson Ridge Wind Farm. TMA has

interested in participation in renewable energy projects. These allianceswill provide opportunities in Wyoming, California, Alaska, several otherstates, individual companies, municipalities, and the State Parks fordevelopment of projects and product sales. TMA has signed a Licensing / Manufacturing Agreement with Excellent Energy Solutions, LLC ofMinnesota to sell, install, and manufacture the TMA, Inc. turbine

Management andBoard of DirectorsRonald J. Taylor - Founder/ChairmanDuane A Rasmussen PresidentScott J. Taylor Sr. VP. EngineeringShannon P Murphy DirectorGary E. Nordic-Director

Tom Meissner-DirectorJim Geringer- Director( former Wyoming Gov.)John F. Nunley - Director

Raymond J. King Director Thomas N. Newsom Director

KPFF Structural Engineers-Seattle, WACPP Wind Engineering, Inc.- FT.Collins,COSpirae, Inc.- Ft. Collins, CO Legal and AuditWick &Trautwein -LegalHolme Roberts & Owen, LLPCorporateCounselCochran Freund & Young LLC- PatentHRO, LLP Securities AttorneyAnderson & Whitney AuditorsAccountants

Industry : Renewable Energy

Employees: 6 full-time20-25 Engineers, Outsourced

Business Description

Product Summary

Government

Market Opportunity


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The United States currently has approximately 2,740 operable electricgenerating units. Utility and power companies (as well as major oil, gas &coal companies) in the U.S. and Europe are diverting capital expendituresto wind turbine equipment. In 1980, the cost of generating electricityfrom wind was 50 cents/kilowatt-hour compared to about 3.5 to 7 centsfor projects today. There still are villages and towns in remote areas or

island locations in the U.S. that have to ship in fuel oil or other fossil fuelsto be used to generate electricity, pushing the price for electricity up to50 cents (US) per kilowatt hour. This creates demand for an e cient, lowmaintenance, non-polluting source of electrical power, which TMA canprovide. Wind power is the fastest growing energy source in the world,with global installed generating capacity growth of over 30%a year forthe last eight years. Worldwide equipment sales for wind powerexceeded $2 billion in 2000 and demand continues to grow. Predictionare for global wind energy sales to average nearly $80 billion Euros ayear through 2020. More than 90,000 MW of new wind generatingcapacity will be installed annually around the world during the next

decade. Five countries are expected to set the pace for new installationsof wind equipment through the year 2007: United States - 5,285 MW;Spain - 5,200 MW; Germany - 5,000 MW; China - 4,725 MW and Indi4,000 MW. According to a report recently issued by the Global WindEnergy Council 12% of the worlds energy could be provided by windenergy by the year 2020 resulting in the reduction in excess of 1,832million tons of CO2.

TMA was issued a U.S. Patent in 2000, a second U.S. Patent in 2005, a third

US Patent in 2006, South African Patent in 1999, Australian Patent in

Financing to date:$15 MM +

Current Ownership:28%-1 founder and initial partner40%-5 large/numerous individualinvestors

Projected Returns forEquity Investors: 15%-18% ROI with 2007 models Payback on capital investment = (7to 9 Year with class 6+ wind regime)

Assignable 10-yr. 10% Federal TaxCredits as available, subject to newenergy bill

Assignable Green Energy credits Opportunity for increase in sharevalue

Projected Returns for10MW Project: Payback 7-9 years in class 6+7 winds Minimum RR 13% (worst case) and23% (best case) = (wind source,topography,

ease of construction, distance &availability of substations,transmission lines etc.)

Market Size / Overview

Technologies / Patents

Competition

2002, Taiwan in 2002, and the European Patent in 2005, which comes as part of a bundle of patentsencompassing 18 additional European countries. Additionally, TMA has multiple other patents and lingspending. TMAs technologies are very cost competitive. The technology development and testing of windtunnel proto-types and commercially sized turbines has been quali ed through a world renowned windengineering rm. TMAs turbines are considered more e cient in operating under similar conditions thancompetitive technologies. TMAs engineers, and the rms we have engaged for their extensive expertise,have designed and developed the initial power conditioning, control system engineering andinstrumentation. TMA, is developing a unique software, power control package, which will assist in theprotection of TMAs intellectual property. Future electrical control systems will come from multiple sourcesso as to maintain a more bene cial price and delivery structure for TMA.

There are few direct competitors for vertical axis omni, or singularly directional, wind energy turbines.However, there is a select contingent of companies marketing the horizontal propeller turbines includingNEG Micon/Vestas, GE Wind Energy, and Siemens Corp, none of which have the high wind capabilities andoperating range of the TMA turbines. The many unique features of TMAs vertical axis turbines provide asubstantial competitive advantage in the marketplace particularly considering: no bird kill, no eld of magnetic resonance, no interference with aircraft communication or navigation, no ground resonance, andless noise during operation than any competitive wind technology.


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TMAPeak

Rotorblades

AirfoilsAve.

e ciency (%)

Pre-2002 6 4 8 6

4 th Qtr 2002 21 12 3 3

2 nd Qtr 2003 34 28 2 3

3 rd Qtr 2003 38 31 2 3

Current 50 45 2 3

Conventional prop style technology spans an e ciency average of 12-43% throughout their operation range, dependent on wind speedand other environmental and climatic conditions.

Advantages of the TMA turbine over the prop style technology

Reduced audible distortion (decibel rating)and audible resonance due to low rotorspeed and less cutting action of the turbineblades into the prevailing wind

No magnetic eld interference from the

generators, as they are installed in the basebuilding, thus no interference with aircraftnavigation or telecommunications

The TMA rotor is centralized at the twoextremities located at the top and at thebottom of the structure as opposed to asingle input shaft on the props. This factorsignicantly increases the life of the inputshafts, rotor blades and bearings due tobetter stress and load distribution.

One of the most efficient vertical wind turbine in the world. The greater efficiency provides a higher capacity factor at like prevailing wind speeds Easier to operate and control in all aspects of operation and shut down procedures Operates in high or gusting wind and icing conditions when prop turbines shut down resulting in a

longer period of e ective power production Lower (O&M) operating and maintenance costs on an annual basis Lower prole turbines that appear as buildings, creating less visual pollution Signicantly less rotor strobe effect compared to the high rotation speeds of the propeller blades

No bird or bat kills resulting in better support from environmental groups and Government agencies Ease of maintenance and inspections at ground level on all major components as opposed to 250-300 in

the air at the nacelle or hub height Lower tip speed ratio by almost 7 times compared to props reducing speed, vibration, fatigue, static, ex

and other load stress proles

Typical1MW

PropSwept

Area

100

100 200+50 100 150

200

300

F e e t

Swept Area & VenturiPrinciple Combined

for Maximized Benet

TMA1MWVAWT

compositerotor

F i x e

d S

t a t o r


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Nearly all, large commercial wind turbines are rated for full nameplate capacity at wind speeds of 13-15meters/second (m/s) with 15 m/s (33.6 mph) being the most common. As can be seen from this graph TMA

achieves the full name-plate (1 MW) rating at less than 33 mph. Note that this has been done with a rotor thatis 1/2 the size of the equivalent propeller turbine and at a much lower height.

TMA, in its ongoing research and development program, will continue to explore additional factors which willallow the company to develop a turbine that has an even higher e ciency in the mid-speed wind range. Wehave three fundamental factors motivating us: (1) average wind speeds in most locations are under 33.6 mph(Class 5 and 6 wind areas average between 13.4 to 15.7 mph and these are considered windy, (2) due to thesemi-omni-directional nature of the TMA turbine, the average e ciency will be about 5-8% less when the windcomes from the opposite direction than the peak e ciency achieved by siting the main airfoil into theprevailing wind direction (dependent upon the turbine site), and (3) while the relatively short height of ourturbine has other advantages versus props, wind generally increases with elevation resulting in about 3 mphlower winds at our mid turbine height than those available at a height of 250 to 350 feet above ground level.

This lower speed is o set by the signi cant velocity increase of the wind source, as it is processed by the TMAturbine. Additionally, while we have very few if any current competitors in the higher rated wind regimes Class6 and above, the bene ts of TMAs higher e ciency turbine in lower wind speeds opens a much larger segmentof the national and world markets to the company resulting in more sales and greater returns for our investor /shareholders. The additional range of operable wind speeds with the TMA turbine is shown in the chart above, TMAwill have a 15% to 20% broader power production range than a comparably sized Propeller unit.

The TMA Horizontal Turbine The horizontal turbine shown here will be developed

based on this concept into a very viable commercialproduct.

We believe that it opens up more markets,particularly on top of or integrated intobuildings. The horizontal version of the TMA turbine can sit on top of theground or it can be half-buried (half of the rotor is on the return cycleand does not need to processwind so it need not be exposed).

Rear de ector (hidden)

Front de ector

Rotor system

Scale 0.002June5, 2003 Scott J. Taylor

TMA INC

Horizontal, radial cross- ow turbine CONFIDENTIAL

Figure 1, Orthogonal view

Housing / Collection chamberDoorway formaintenance access(door not shown for clarity)

Hill

Wind ow

100

80

60

40

20

00 5 10

% O

u t p u t

Average wind speed at hub (m/s)

15 20 25 30 35

Turbine Comparison TMA1000 kW @ 45% e .

Vestas V52 (850kW)

GE 1.5 S

Vestas V47 (660 kW)

GE 900 kW

Mitsubishi 1000 kW

The chart above illustrates the TMA Vertical Turbine power curve, based on the wind tunnel andproto-type testing, versus competing propeller technologies


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Strategy

Strategic Objectives

Power generated from wind is the most rapidly growing renewable energy globally, with approximately59,000 megawatts (MW) installed in 2005 and in excess of 74,000 MW installed in 2006. Wind accounts for lessthan 1% of the global electricity market but is the fastest-growing segment in the energy industry, averagingnearly 30% yearly growth for the last 8 years. As more countries adopt and implement the Kyoto emissionaccords, the rate of growth will likely increase. Wind is recognized as being the most economical of allrenewable technologies such as solar, biomass and geothermal.

The major advantages of wind versus conventional fossil-fuel- red generators are that a) there are no fuelcosts, b) there are no air or water pollutants and c) no greenhouse gases are generated or released. This iso set somewhat by higher capital costs per unit of capacity and variable output due to changing windspeeds. With the construction of new transmission lines in various regions of the US, and better weatherforecasting, for power scheduling, wind is becoming a more viable source of energy.

At present, nearly all installed commercial wind installations use horizontal-axis turbines, (propeller stylesystems) in which the blades can have a diameter of more than 300 feet. The most recent installed cost of props in commercial developments varies from $1.35 up to $ 1.5 million per MW depending on supplier,location and prevailing weather conditions.

The power contained in the wind is related to the wind speed cubed. When the wind speed doubles from 15to 30 miles per hour [mph], the amount of available power increases 8 times.

There has been signi cant global interest in TMAs technology ranging from small, individual-use systems(less than 5 kilowatts) up to large units of over 00 kW, which will be part of large wind farms. In the last2-years signi cant progress has been made in wind tunnel testing and modeling, resulting in design changesthat have increased e ciency and reduced the number of turbine components and subsequent installationcosts. Technology development will continue as a course of business to further enhance TMAs position in theworld market.

All activities in 2005 / 06 were part of a two-year program to prepare the TMA turbine for market entry. Amajor milestone in 2006 / 07 was the completion of the construction and operation of a 25kW verticalturbine of the latest design to validate the wind tunnel test results and certify the power curves.

Another major objective in 2007 is to prove the technology for the vertical turbines in a larger 250 kWcommercial size unit. This will be achieved via construction and operation of a 250 kW prototype on the KingRanch site in Wyoming. In addition, the technology development group will focus on cost reduction e ortsfor the commercial-sized turbines scheduled for 2007 & 2008. TMA will analyze areas such as materials of construction, construction techniques, and electrical generator software and control systems. Other

activities occurring are continued upgrading of o ce systems, intellectual property protection, and web sitedevelopment.


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Focus

Business Model

Business Development will focus on two main areas in 2007: 1) better understanding of the markets where TMA turbines will or can have an advantage over props (the niche market ) and 2) working with other winddevelopers to do a combined technology installation on parts of the King Ranch or Simpson Ridge propertiesto assist with generating near-term cash ow. TMA has signed a Letter of Intent with a development groupfor a phase #1 project of 200+Megawatts on the King Ranch in Wyoming.

From a nancial perspective, fund-raising to get to milestone 1 was the top priority in 2005 / 06. In 2007, thefocus of our activities will be to achieve milestone 2, scaling up the prototypes into 250 and 500 kW

commercial-sized turbines, negotiating manufacturing and supplier agreements, promoting businessdevelopment and preparation for the rst round of niche market wind farm developments. Finally preparingfor the nal round of project funding, in early to mid 2007.

The markets for the TMA turbines are business, agricultural, distributed generation applications as well aslarge wind farms; however, there are many other possible markets for the technology, some of which arelisted below. We have chosen to set aside these opportunities for now, so that we can focus on getting ourprimary product to market. Our activities will be directed at protecting the intellectual property with patentsand perhaps partnering with others who can bring funds and other skill-sets to assist with developing and

commercializing the TMA wind turbine technology.

Two classes of smaller systems, individual-residence size (1 kW) and sub-division size units from (10 to 250kW capacity). Both are potentially large, lucrative markets.

Props continue to become larger for economy of scale reasons to try to drive down their installed cost perMW. The same will be true for TMA turbines up to a 500kW turbine system. The economies of scale willcon rm the increase in pro tability without compromising quality and enable TMA to maintain acompetitive edge.

Technology licensing. We have had a high level of interest from companies in the United States, Canada,

Japan, South and Central America as well as China to license our technology. We are keeping the interestlevel high on these opportunities and are negotiating with several entities regarding licensing agreements.We will reserve any and all IP and technical data until all IP and patent ling is completed in the countriesof interest.

The TMA business model includes two di erent markets for our turbines.

Distributed Generation or Niche Market: A very lucrative market is one of distributed generation.Higher sales prices of turbines and kilowatts produced in those areas where props are not allowed or desired. This is largely an untapped market where there are no active wind developers since all of the presentlycommercially available systems today are prop-based. In these instances we will be joint venture partners orthe actual developers and use our own technology. Our plan is to identify potential project owners, which wehave in several instances, prior to commencing with construction and sell down our interest as soon aspossible after the wind farms are operational.

Open Market: The open and the larger market is the one in which we compete head-to-head with props. Itwill be 12 to 18 months before we get the costs of our systems down to those of the props. Due to thecompetition, this is a lower margin market, albeit a very large one. For the same reasons referred to above, weprefer not to become owner/operators in this market. In order to maximize market penetration, we havechosen to be technology providers to the wind developers in this market rather than competing with theexisting developers.


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By the time we enter this larger market we will have developed and re ned project, and through ourstrategic partners, construction management skills. At this point we will have the option of marketing thetechnology for others to install or provide installed, operational units.

We will focus on the U.S. and Canada but we also recognize the large potential in the global markets, whichis evolving very rapidly and has shown a high degree of interest in TMAs technology.

The installed capacity in Western Europe market is about 5 times as large as in North America. In 2006 there

was about 3 times as much capacity installed there versus North America. One of the rami cations of theU.N. Kyoto accords is that many developed and developing countries are increasingly turning torenewables, particularly wind, for their power supply. The only limitation on our entry into the internationalmarkets will be our corporate size and nancial capability.

Marketing Agreement: TMA has a long-term marketing agreement in place with Rocky Mountain Alternative Technology Inc.(RMAT) for 38 countries including most of Western Europe, Australia, Chile, South Africa and several othercountries. As we are moving into product commercialization, RMATs marketing activity has acceleratedsigni cantly.

Construction and Local Employment:At the appropriate time and where possible with international or local government aide and or privatefunding, TMA will provide license and manufacturing rights to local or regional companies who can complywith the nancial, IP Protection requirements, local employment and other quality requirements that willbe deemed appropriate for this type of business. Since the timing of the international market entry is afterthe construction of the newest turbine design, the company has the bene t of passing on the learningsfrom its own local construction program. The plan for the international market is to initially sell systemswith installation performed by local crews overseen by TMA.

Licensing the TMA Technology:We have been approached by a number of companies who want technology-licensing agreements for the

United States, Canada, Japan, China, South and Central America and other global destinations. Given theproper intellectual property protection and pricing mechanisms, this is a good vehicle for rapid yetcontrolled international expansion without many of the distractions that typically accompany such a step. The management of TMA recognizes the advantages of licensing agreements, which form part of this plan. The positive aspects relative to well-structured license agreements have the bene ts of increasedmarketability of the technology, higher product pro le with lower capital expenditure and reduced directlong-term marketing costs. Other bene ts include a more e ective use of TMA management resources, alocalized and more e ective marketing plan utilizing local employment and other local or regionalresources, and very importantly a consistent revenue stream for TMA and its licensees based on the natureor type of license and or manufacturing agreement in place.


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TMA Management and Sta

TMA 2007

Organization Chart

TMA Boardof Directors

President

ExecutiveAssistant

Chief OperatingO cer

BusinessDevelopment

InternationalMarketing

Agents andDistributors

FinanceCommercial

AttorneysWick & Trautwein

AccountingSchaible

Accounting Services

CPA FirmAnderson &

Whitney

Patents and IPCochran

Freund & Young

Vice-President,

Engineering

ProductDevelopment

ElectricalEngineer

MechanicalEngineer

Consulting Engineersmechanical, electrical,

structural, wind,civil construction


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Personnel BiosRonald J. Taylor

Mr. Taylor, founder of the corporation is the Chairman of the Board, OperationsO cer and Secretary of Terra Moya Aqua, Inc. Mr. Taylor is the inventor of theinitial design of the TMA wind torque unit that has been accepted for multipleUnited States and Foreign Patent Protection.

Mr. Taylor is responsible for oversight of corporate operations and that of theEngineering department regarding the design, testing and product developmentareas of the company. He has been instrumental in developing many strategic

corporate associations such as CPP Wind Engineering, Inc., Titan Specialties, Ltd., Asian Paci c Development Group,Air Products Corporation, Waste Technology Corporation, Siemens USA, Duke Solar, Westward Seafood and others.

Previous to founding Terra Moya Aqua, Inc., Mr. Taylor was an investment broker / general securities principal for tenyears in Cheyenne, Wyoming. From 1975 to 1985, Mr. Taylor was the broker / owner of a real estate rm in Montana thathe founded upon selling the ranch he owned and operated. Mr. Taylor has over thirty- ve years experience ininternational and domestic business relationships, import and export, wind turbine manufacturing and product sales.

Duane A. Rasmussen

Mr. Rasmussen is the President of Terra Moya Aqua, Inc. Mr. Rasmussen isresponsible for Business Development in the US and abroad for TMA and haspresented power sales seminars and licensing agreement proposals in manystates, as well as to major utilities in the states of Colorado, California, Northand South Dakota, Washington, and Texas.

Mr. Rasmussen presented TMA technology in Moscow and St. PetersburginRussia, Bremerhaven, Husum and Mechlenburg Vorpommern in Germanyand Madrid and Sevilla in Spain. Mr. Rasmussen has been successful ingaining approval of the installation of the TMA technology in Solano County in California and WhitmanCounty Washington. In addition to his activities in wind energy, Mr. Rasmussen has been associated with thedesign and formation of marketing concepts since 1962.

Mr. Rasmussen's thirty ve years experience in the Real Estate industry dealing with commercial, residentialand development property and the nancing thereof is and will continue to be a bene t to TMA, Inc. in thearea of Business Development.

Shannon P. Murphy

Mr. Murphy - Director of Terra Moya Aqua, Inc. Mr. Murphy is also the CEO andPresident of Rocky Mountain Alternative Technologies, Inc., which is locatedin Golden, Colorado.

Mr. Murphy assists with the nancial projections for the company as well asinternational market development and sales. Previously, he was the ManagingDirector of Terra Support Systems (Pty) Ltd. in South Africa. Terra SupportSystems and its subsidiaries provided a specialized range of technical, mining,

manufacturing and engineering services and expertise and was also one of the largest raise boringcontractors in the South Africa and Internationally. Mr. Murphy is a mining engineer and maintains verystrong business relationships within the mining industry. Mr. Murphy was an Executive Director of KNJGroup of Companies, which was listed in the Industrial Sector of the Johannesburg Stock Exchange. He wasDirector of the Subroc Group of Companies, located in Johannesburg, South Africa and additionally heldnumerous Executive and Directorship positions with other South African and American companies.


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Scott J. Taylor

Mr. Taylor is the Vice President of Engineering, the Mechanical Design ProductionManagement Engineer and Project Manager and has been with TMA since 1999.

Mr. Taylor is responsible for all research and development, data operations,materials and components, computational uid dynamics, modeling and windtunnel testing programs of TMA, Inc. He is primarily responsible for theadvancement of the technology and the latest patents which have been led.Mr. Taylor graduated with a Bachelor of Science degree in Mechanical

Engineering from the University of Notre Dame in 1994. In addition to his regular company duties Mr. Taylorcoordinates and is responsible for any required outsourcing of engineering activities regarding structural,electrical and construction of the TMA turbine units.

Mr. Taylor was previously a design engineer and production control manager for Daily Thermocontrol inHouston, Texas. Daily Thermocontrol designs and manufactures heat and temperature sensing, measurementdevices for the U.S. Government and the aircraft and oil industries. Upon leaving Daily Thermocontrol, Mr. Taylorwas hired as a design engineer for Motorola Incorporated in Chicago, Illinois becoming part of the teamdesigning the next generation cellular telephones. Further duties included troubleshooting and solvingmanufacturing and e ciency problems for Motorola, both nationally and internationally.

Daren A. Rasmussen

Mr. Rasmussen is the Construction Manager and a Marketing Agent for TMAand has been with TMA since 2006. Mr. Rasmussen represented TMA at therecent 2007 American Wind Energy Association Conference in Los Angles andcontinues to represent TMA at trade shows and industry events.

Prior to working at TMA Mr. Rasmussen was in the major residentialconstruction eld for 19 years most of which as a foreman in the AspenColorado area. He then returned to the Greeley Colorado area and worked in

the construction industry and home e ciency eld as a marketing agent.Mr. Rasmussen received his real estate license from the state of Colorado, his Colorado class C home builder license,and his Colorado title examiners license thru continuing education. Mr. Rasmussen has the knowledge and thebackground of working with fully engineered structural blue prints and leadership of installation personnel.

Rose H. Harms

Ms. Harms, as Executive Assistant, handles all general o ce duties, TMA email, and TMA certi cate and shareholder information data base. Ms Harms also maintainsnon-disclosure data, prepares brochures and business plans thru book binding.

She maintains a data base of business contacts for TMA, and performs Internetresearch on company interests, and forwards pertinent information to TMAmanagement. Ms. Harms completed 24 years of military service and also 24 yearscivil service at the Wyoming Air National Guard. As a Master Sergeant, Unit Training

Manager, she was solely responsible in attaining classes, technical and career development training courses,mandatory testing, schools, and identifying promotion potential for over 160 airmen in the aircraft maintenancearea. MSgt Harms was awarded: the Air National Guard Unit Training Manager of the Year award, the Excellence in Training award for the Air National Guard, Meritorious Service Medal as well as the Air Force Commendation Medal.

Ms Harms was honorably discharged from both military and civil service in Feb 1998 and began her employmentwith TMA in March 1999.


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Gary E. Nordic TMA Director

Mr. Nordic is the President of Nordic Construction and Development, Inc.managing partner of Miramont Associates LLC, a company engaged inresidential and commercial development and Miramont O ce Park LLC.

He is the developer of the Reserve, a residential subdivision in Estes Park, generalpartner in Rigden Farm, a residential and commercial development in Ft. Collins,Colorado and a partner and investor in several other real estate developments inand along the Front Range in Colorado. Previously, Mr. Nordic was a director of

the Commerce Bank of Fort Collins, and Voice It Worldwide Technologies, Inc.

He has been responsible for and involved in the development and sales of over $180 million of real estateprojects. He received his B.S. in Business Administration with focus in Business Management from ColoradoState University in Fort Collins, Colorado. In 1973 he received his real estate license and has completed over 560hours of continuing education in sales, business, investing, construction, and development.

Thomas Meissner TMA Director

Mr. Meissner has 35 Years of Government experience, including 11 years in the

U.S. Navy as a guided missile and radar technician. After being honorablydischarged from the Navy in 1975, he was employed for seventeen years as acivilian by the Mare Island Naval Shipyard, rst as a Nuclear Electrical Systems Technician, and later as a Nuclear Electrical Systems Inspector.

He then worked as a cost systems control manager in project management foreight years, where he was instrumental in implementing cost / schedule controlsystems and in establishing Navy industrial standards. In 1994 he became aprogram integrator for the Defense Logistics Agency and became the chief of the east and north San FranciscoBay operations team until his retirement from federal service in 2001. Mr. Meissner graduated, cum laude, with aBachelor of Science in Industrial Technology from Southern Illinois University. He received a QASAR (QualityAssurance Signi cant Achievement Recognition) award from the National Aeronautics & Space Administration in1997 for his role in restoring the production of a defense contractor critical to the space program.

John F. Nunley III TMA Director

Mr. Nunley directed the energy o ce of the State of Wyoming for 12 years. Whileemployed with the State of Wyoming, John was appointed to serve on a numberof select western energy committees by Wyoming Governors Sullivan, Geringer,and Freudenthal.

Upon resigning from the Wyoming Energy O ce, Mr. Nunley continued to serveon several of these committees at Governor Freudenthals request. Mr. Nunley hasan extensive background in the energy business, until recently serving as

Chairman of the National Association of State Energy O cials, an organization representing energy o cials fromfty states and ve U.S. territories, plus the District of Columbia.

Prior to heading the Wyoming Energy O ce, Mr. Nunley worked in electrical design and construction businesses,operating his own successful company for nearly 15 years, directing the switchgear testing division of a nationallyknown electrical contractor, and serving as Vice-President for Electrical Products, Composite TechnologyCorporation. He holds a bachelors degree in electrical engineering from the University of Wyoming and a mastersdegree in environmental engineering from the University of Cincinnati. While employed with the State of Wyoming,John was appointed to serve on a number of select western energy committees by Wyoming Governors Sullivan,Geringer, and Freudenthal.


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Governor James E. (Jim) Geringer TMA Director

Governor Geringer is a native of Wheatland, Wyoming. Geringer received a B.S.in Mechanical Engineering from Kansas State University. He served in theUnited States Air Force in both active and reserve capacities.

During his time on active duty, he worked with the unmanned space programsintegrating space boosters and satellites for both the Air Force and NASA,including the Global Positioning Satellite System, early detection/warningsystems, the Interim Upper Stage for the Space Shuttle and the Mars Viking

Lander. His reserve assignments included activation of the Peacekeeper missile system and planning forincidents that dealt with nuclear, biological and chemical warfare. From 1983 to 1994, Geringer served in theWyoming Legislature, including six years each in the House and the Senate. His committee chairmanshipsincluded Appropriations, Judiciary and Management Audit. He was contract administrator for theconstruction of a large coal- red power plant then went into full-time farming.

Jim was rst elected as Wyomings 30th governor in 1994 and reelected in 1998. He completed his secondterm in January 2003. During his time in o ce Geringer focused on improving education through standards,accountability and technology, partnered with the State Supt to implement No Child Left Behind,implemented integrated education planning from pre-K through college, modernized economic planning to

extensively include technology, changed how natural resource agencies among state, federal and localgovernments worked together, implemented strategic planning tied to performance based budgeting andwhen he left o ce, provided Wyoming state government with a budget surplus, one of very few states tomake that claim early in 2003. He emphasized community based solutions particularly for health and socialservices and promoted the use of consensus building to resolve di cult issues.

Governor Geringer is a past chair of the Western Governors' Association. He has participated extensively inpolicy development for technology in government, was lead governor for energy issues and was involved inpolicy development for all levels of education. He served as chairman of the Education Commission of theStates, was appointed to Senator John Glenn's National Commission on Mathematics and Science Teachingfor the 21st Century, the National Commission on Service-Learning, the National Commission on Teachingand Americas Future and continues as charter member and now President of the Board of Trustees of theWestern Governors University, the rst of its kind to certify competency based education. He currentlyserves on the Association of Governing Boards for higher education and Operation Public Educationinitiative that advocates a value-added system to measure student learning.

His interests in information technology issues include chair of the National Governors Association Technology Task Force, appointment to the GeoSpatial One Stop Board of Directors, the Mapping SciencesCommittee under the National Academy of Sciences National Research Council, presidential appointee tothe Western Interstate Energy Board, the Board of Governors of the Oquirrh Institute and co-chairs the PolicyConsensus Initiative with former Oregon Governor John Kitzhaber. He has delivered several recent keynotepresentations both national and international on education policy, distance learning, workforcedevelopment, health care, health data standards, energy, natural resources, homeland security, the

importance of government services enabled through internet portals, and web-based infrastructure.Geringers advocacy for technology has centered on the end result of how technology enhances services,emphasizing the bene ts of integrated service delivery and enterprise-wide solutions. That advocacy ledJim to join Environmental Systems Research Institute (ESRI) in the summer of 2003 as Director of Policy andPublic Sector Strategies. ESRI, the world leader in location based software and applications, is headquarteredin Redlands, California. Governor Geringer and his wife Sherri have ve children and nine grandchildren. They reside in Wheatland, Wyoming.


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Thomas N. (Tom) Newsom TMA Director

Mr. Newsom has 25 years of experience in the high tech capital equipmentbusiness, working for Hewlett-Packard Company, Fluke Company, and Agilent Technologies.

During his career, he was Vice President and General Manager of $500Mbusiness at Agilent, a worldwide Vice President of Sales and Support with a teamof over 500 employees, and a geographically dispersed Business Unit withoperations in 4 countries. In addition to managing businesses, he has experience

in acquisitions and divestitures. Toms experience in large capital equipment for the electronics andsemiconductor industries provides a rich background for bringing new innovative technologies from the lab tothe marketplace.

He served as the product marketing manager for the HP 3070, a large Automated Test Equipment (ATE)program that moved HP from #5 to #1 in the ATE market. In addition, he managed a $60M/year R&D budget andwas accountable for producing complex systems including hardware, software, and mechanical subassemblies.His experience in mobilizing worldwide design and marketing teams to produce successful products withe ective sales and support channels is proven though the success of many automated systems.

Mr. Newsom has been a frequent speaker at the International Test Conference, SEMI conferences in the US,Japan, China, and Singapore, Wescon in San Francisco, Productronica in Munich, and numerous other industryforums. He was recognized by VLSI Research as one of the top marketing executives in the semiconductorindustry. He has spoken on numerous occasions to stock analysts and other opinion leader forums. Tom earneda BS degree in Electrical Engineering with high honors from the University of Tennessee. In addition, hecompleted the 12th executive MBA program o ered jointly by Stanford and the National University of Singapore. He lives in Fort Collins, Colorado, and travels extensively throughout the US, Asia, and Europe.

For additional information please contact:

Duane A. Rasmussen or Ron Taylor at 307-772-0200or email [email protected] or [email protected]

We also have a TMA Website, which hasa good deal of information available.It can be accessed at: www.tmawind.com

We also have a TMA Website, which hasa good deal of information available.It can be accessed at: www.tmawind.com

tmawind.com execsum apr 07

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