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Robodyne Corporation <br /> a Page 4 <br /> MANAGEMENT: <br /> Joseph Alvite, President and Chairman of the Board <br /> George Hile, Executive Vice President <br /> Walter Schuske, Vices President Manufacturing & Engineering <br /> PROJECT DESCRIPTION: <br /> Robodyne has developed an innovative series of"feeding" systems which it utilizes within <br /> its equipment. Additionally, this equipment has been gaining strong acceptance from <br /> other equipment manufacturers and this year represented approximately 40% of the <br /> company's sales. Many of these companies are prospective competitors of Robodyne's <br /> full robotic systems. As a result, Robodyne has a need to establish this division as a <br /> wholly owned subsidiary, most likely with a different name. <br /> Personnel: <br /> • <br /> The Company 'ects initial employment at the new facility at 15 to 20 people, growing <br /> ProJ <br /> to 60+ employees within 3 to 5 years. These positions will be highly technical with <br /> average hourly wages of between $12.00 and $18.00 per hour. <br /> Financial: <br /> The projected funding for the project is as follows: <br /> USES OF FUNDS <br /> Production Equipment $650,000 <br /> Leasehold Improvements 150,000 <br /> Research and Development 175,000 <br /> Moving/Relocation Expense 60,000 <br /> Marketing/Operating Capital 450.000 <br /> TOTAL $1,485,000 <br /> The company anticipates completing the site location prior to the end of 1997 and is <br /> • seeking to initiate operations during March 1998. <br />