HPEV, Inc.

HPEV, Inc.

Sector: Motor Vehicle Parts And Accessories Region: FL, United States

: | OTC Markets: WARM | OTC Markets: WARM

Similar to: Haldex AB

HPEV, Inc. operates as an intellectual property and product development company that employs a license and royalty model. Its patented and patent-pending technologies offer tremendous manufacturing and energy saving advantages through numerous heat removal and energy management applications. The markets addressed by these technologies are extensive and include motors, generators, motor vehicles, pumps, fans, compressors, batteries, and bearings. In addition, the company's thermal technologies can be applied industry-wide in several key motor vehicle components including: batteries, axles, pistons, engine hot spots, wet disc brakes, transmissions, power takeoff gearing and motor control. The company was founded by Timothy J. Hassett and B. Mark Hodowanec in February 2011 and is headquartered in Tampa, FL.

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A 2nd generation mechanical engineer and physicist, the electric motor business runs in Mr. Hassett’s blood. He’s transformed companies to achieve double-digit growth as well as turned losses into profits. Working with Fortune 500, mid-sized and startup companies, he developed and commercialized new products, created and delivered go-to-market strategies, formed strategic alliances and partnerships, both domestically and internationally, as well as restructured companies to generate top and bottom line growth.

Mr. Hassett earned a Bachelor of Science in mechanical engineering at Cleveland State University then added another BS in physics from Youngstown State University.

From 1996 to 2000, as a General Manager of Distribution Services in the Industrial Systems Division of General Electric, he grew the business 30% in two years while adding 10 points to the profit margin. As a result, he was assigned to turnaround GE’s Industrial Motors business unit. Mr. Hassett restructured costs through joint ventures, established strategic alliances in Latin America and Asia and developed new products culminating in top line and operating margin growth by well over 10%.

In 2000, he was recruited to become President of Hawk Motors, a division of Hawk Corporation. He restructured the rotor division to corner a segment of the motor market known as RAC and HVAC. Under Mr. Hassett’s leadership, the company captured more than a 90% share in the market segment in three years.

From 2006 to 2010, he served as President of LEMO USA, a division of a Swiss-based electronics connector company. He turned the company around with a five year plan that doubled revenues and grew the bottom line more than twentyfold. The company became the premier supplier to the medical device and robotics markets as well as grew its cable assembly business revenues by 800%.

Mr. Hassett has co-developed and, subsequently, been awarded several patents which relate to applications for thermal dispersion technology and the electric load assist.
Mr. Banzhaf has a track record of turning performance into shareholder value.

He earned a Bachelor of Arts in political science from Miami University and continued his education by earning a Masters in Business Administration from Southern Methodist University.

Mr. Banzhaf gained his experience in the capital markets by working primarily in institutional equities for a number of firms including Raymond James & Associates and C.E. Unterberg Towbin.

He moved from the underwriting side of the finance world to issuer side. Mr. Banzhaf was named President and CEO of SpatiaLight Technologies, Inc. (NASDAQ: HDTV) in 2003. In just over three years, he increased the company’s market capitalization more than tenfold - from $38 million to over $450 million. During his tenure, SpatiaLight Inc. was added to the Russell 2000 and became a top 5% performer on NASDAQ.

From April 2009 to March 2012, he served as President of Applied BioFuels Corporation, a privately held developer of biofuel production facilities.
Mr. Ponder's education and work experience enhance a development company set to commercialize its thermal dispersion intellectual property portfolio in the electric motor and generator industry.

He was awarded a Bachelor of Science from Missouri State University, a Masters of Business Administration from the University of Tulsa and a PhD from Columbia University, all from their respective business schools.

Mr. Ponder co-founded Mid-American Electronics, Inc. There, he turned a patent that he co-owned into a product for the pleasure boat industry, grew the company, then sold out to a major electronics manufacturer.

A senior position in the General Electric Motor Division soon followed. He became President of Franklin Electric, President of Baldor Electric, and, ultimately, acting President of Lincoln Electric as a result of a contract with his private consulting company, which he still owns.

Mr. Ponder’s entire career has focused on either electric motor companies or closely related products.
Following a stint with the BBC in London, Mr. Bibb embarked on a career as a multi-media producer and marketer for the past 33 years.

He has created, directed or produced over 350 commercials, music videos, documentaries, video news releases, travel videos, infomercials, industrial films, television shows and advertising campaigns.

He’s written articles for magazines and newspapers as well as copy for websites and press releases, created wireless audio content for Nextel subscribers and supervised research for a new video download technology.

His wide ranging background spans the arts, media, business and technology. As a consequence, he was able to draw from a variety of disciplines and transcend cultural, corporate and technological boundaries to meet the needs of his clients which included: beverage, automotive, transportation, manufacturing, retail, high technology and direct response marketers.

Mr. Bibb has also been integral to the start-up of two companies: a medical device manufacturer and a multi-media publisher which was sold to the company that merged with HPEV. As a result, he’s successfully dealt with the FCC, the FDA, the USPTO as well as the SEC.

Judson Bibb graduated cum laude from the University of South Florida with a Bachelor of Arts in Mass Communications-Film.

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