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Economic Development Authority Minutes <br />March 14, 2005 <br />Page 4 <br />Ashcote/Jim Stewart - An entrepreneur with technology that utilizes common fly ash from <br />coal burning to be used as coating for telephone/utility poles. <br />Vilco/Oy - A Finnish company with a remote controlled fishing unit that delivers the <br />fishing line/lure to the "right spot" on a body of water. <br />SEO Precision, Inc. -Precision laser missile guidance systems components that can be used <br />for commercial lighting applications. The firs[ non-military application will be for faun <br />implement lighting systems. <br />SeeBuddee, Inc. -Technology that enables one to read a large map easily in a palm sized <br />optical unit that allows for multi perspective vision. <br />Mr. Jacobs also discussed existing prospects for the Elk River Incubator. He concluded by <br />saying that the greatest obstacle they face is the lack of venture capital funding. <br />9. Adjournment <br />There being no other business, Chair Gongoll adjoturned the meeting. <br />The meeting of the Elk River Economic Development Authority adjourned at 6:38 p.m. <br />Sunnbmitted by: <br />.(SIa,~G~i `~ <br />Recording Secretary <br />