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ELK RIVER BUSINESS INCUBATOR <br /> • APPLICATION FORM <br /> Name of Business: Lap2 Technology Corporation <br /> Name of Principal: Robert C. Henningsgard <br /> Address: 942 Main Street. #200. Elk River, Minnesota 55330-1540 <br /> Phone: 612-802-5820 Fax: 253-276-2755 <br /> Ownership Structure: Sole Proprietorship 0 <br /> Partnership 0 <br /> Corporation <br /> • <br /> Business is primarily involved in: Research and Development <br /> Product Manufacturing/Assembly 0* <br /> Other 0 <br /> Principal product(s): The business is in the research and development phase, creating products combin- <br /> ing hardware and software to capitalize on the newly-emerging Pocket PC +telephone combination <br /> • products being introduced in the 3rd & 4th quarters of calendar 2003. <br /> Activities to be undertaken in the incubator facility: The aforementioned research and development, <br /> presumably followed by product engineering, light manufacturing and assembly, marketing, sales, and <br /> order fulfillment. <br /> Projected number of employees (including principal) at incubator operation: <br /> Full Time Part Time <br /> Initially 2 0 <br /> After 6 months 4 1 <br /> At the end of 1 Year 5 2 <br /> At the end of 3 Years 25 6 <br /> *The research and development are specifically focused on the development of combination hardware/ <br /> software products to be manufactured and/or assembled, packaged, and sold by the company within six <br /> months. <br />