Fitts, J.P., Director - Air Volution Ltd. Russell has a
multidisciplinary background with specialisation in Management and
Property Valuation. He has spent a major part of his career farming in
New Zealand, during which time he was thoroughly involved in many
aspects of the rural community including a private valuation practice
and executive responsibilities within the Regional Federated Farmers.
Russell has an in depth understanding and appreciation of the numerous
"tools" required to develop social and business opportunities within
rural and urban communities.
He has recently completed 4 years employment with the New Zealand
Earthquake Commission specialising in complex claims.
He is an Associate Member of the New Zealand Institute of Valuers and a
Senior Member of the Property Institute of New Zealand. He holds a
Prince2 Foundation Certificate in project management methodology.
Russell is the key personnel in contact with MDI sa
and has a very good professional relationship with Annic and Cyril Nègre,
the directors of MDI. This close working relationship is important for
Air Future Ltd. Russell is a foundation shareholder of Air Future Ltd
and has been Chairman of the Company since its inception. Russell plays
a key role in ensuring sound corporate governance and a strong corporate
Michael (Mick) Kain, Director
Volution Ltd. Mick is an foundation shareholder and director
of Air Future Ltd and a founding director of Air Volution Ltd.
Previously Mick had an extensive career as a farmer and an investor and
director in orchards and industrial property. During his time with Air
Future Ltd Mick has been responsible for shareholder relations as well
as participating as a director and has proven his commitment to the
success of the venture.
He is committed to seeing the MDI compressed air vehicles be implemented
for Australia and New Zealand through Air Volution Ltd and sees these
technologies as a yet to be discovered answer to future transport
Mick has a good understanding of the potential of the MDI business model
and how it will transform the making and selling of vehicles in the Air
Volution license area.
Francis (Pancho) DeNeefe, Director
Volution Ltd. Pancho combines a sharp scientific mind with the
business acumen he acquired over twenty years in industry and
Pancho has a physics background and was in charge of R&D for the
family business DeNeefe Science.
Pancho is a private businessman with interests in property and
the share market.
He took a keen interest in Air Volution’s technology and
business and became one of its most enthusiastic private
investors. His perseverance both financially and with his time
has been of assistance to the Company required for milestones to be achieved, along with the
knowledge of appointment of lawyers.
Mennega, CEO & Director - Air Volution Ltd. John’s qualifications
include a Master of Business Administration from the Australian
Graduate School of Management, a Bachelor Degree in Electrical
Engineering from the University of NSW, a Graduate Diploma in
Industrial Engineering from the University of NSW and a Graduate
Diploma in Applied Finance & Investment from the Australian
John is Founder of the corporate advisory business Investment
Capital, and its successor in 2015 with greater global focus,
Compar Capital. John has a wide understanding and involvement
and is also a strong supporter of the MDI and
John wrote the inaugural ‘Financial Planning & Investment
Course’ for the Australian Securities Institute and was its
evening Principle Lecturer. His career experience also includes:
• AMP Capital: Head of Funds Management Services. AMP was
Australia's then largest funds manager with $80B under
• Colonial Bank: Head of Corporate Services. Prior to the
acquisition by CBA, Colonial was Australia's largest bank.
Responsibilities for integrating financial services and banking
for the business banking division.
• Internal Projects:
Asset Management: Largest independent funds manager with
$23B under management headed by its billionaire founder.
Headed up internal project responsibilities for
expansion into wholesale market.
Securities: Prior to the acquisition by CBA,
restructuring of the corporate and wholesale client area
of the business. Also chaired the internal general
management committee meetings.
Capital: Founder and CEO of the corporate advisory business from
2002 to 2015.
• Compar Capital: Founder and CEO of the corporate advisory
business and Investment Capital successor in 2015 with greater
Gurr, Chief Operation Officer (COO) - Air Volution, Engineering & Operations Specialist.
has an MBA and an Honours degree in Mechanical Engineering. As
an engineer holding senior project and product development roles
Paul’s hands on experience is extensive spanning project
management, costing, product development, process optimisation
3D CAD, engineering management, training and people leadership.
With his experience in the manufacturing and energy sectors Paul
will provide significant expertise in the deployment of the
initial factory, the transfer of the MDI knowledge and overall
plant running operations.
Technical Advisors (N.B. Company Directorships
are to their own companies)
Nègre, President of MDI and R & D
Department Manager, MDI:
Cyril is a 36-year-old engineer (PhD
Mechanical Engineering) who began his career in 1990 with the computing
department of the Bugatti Automobili car design company in Campogaliano,
Italy. He took part in the EB110 and EB112 Projects. In 1993 he joined
MDI to manage MDI’s R & D Department. He is presently over viewing the
final stages of the commercial release of the first series of MDI
engines and car.
Nègre – Guy was Founder and Managing Director of Moteur Development
International s.a. (MDI).
Guy Nègre 1942 to 2016 – Guy was Founder and Managing
Director of Moteur Development International s.a. (MDI). He
was the inventor of the MDI Technology. Guy an engineer who
has over 100 engine patents to his name, including 3 key
patents co-owned with the French oil company ELF and 2
jointly with Institut France du Patrole (French Petroleum
Institute). Guy created over 100 engines including Formula 1
and light aircraft engines. He is world renowned for his
compressed air engine and the new thermodynamic cycle he
From 1970 to 1975 Guy worked with the RENAULT car
manufacturer. From 1976 to 1983, he managed the SACMA
Company that produced aircraft engines (financed by the
French Government). He then moved on to produce Formula 2
engines. From 1987 to 1991, this led him to manage the MGN
Company focused on the design of Formula 1 engines. This is
when he acquired international notability.
His work on Formula 1 engines led him to the concept of
compressed air engines. In 1991 he incorporated MDI with the
aim of designing clean and efficient engines. The initial
pioneering work led to the first trials in 1992 of cars
running on compressed air. Since then he has produced a
series of compressed air engine models to arrive at the
present designs that are being readied for commercial
release late 2007 and early 2008.Guy is also the inventor
and developer of the MDI distributed manufacturing process
for all applications of the MDI Technology reducing vehicle
manufacturing costs by 75%.
Petrakis, Managing Director, Yella Terra. Some of those key
relationships include the Yella Terra group of companies as
Independent Technical Advisors.
“Yella Terra has been designing, developing and manufacturing hi
performance engine parts in Australia for over fifty years.”
A team from Yella Terra reviewed the MDI technology at MDI in
Carros, Nice, France in 2009. They were impressed with the
expertise and planning and the potential of the MDI technology.
Since then, Yella Terra’s Jim Petrakis has been a keen supporter
of the MDI technology in Australia and New Zealand.
Yella Terra, Perfectune Engineering and Bendtech have been in
the high performance motor engineering and manufacturing
industry for for 45 years.
Chrisis – Director of Engineering and Compliance, Evo Compliance
- Evotive Group Compliancing
Evotive, through its subsidiary business, Evo Compliance, offers
compliance on new and used imported vehicles.
Evo Compliance holds diverse and extensive professional
experience relevant to Air Volution.
Evo have achieved the full volume compliance of Australia first
road registerable electric vehicles, the eGo Electric Scooter
and Vectrix Maxi Scooter as well as compliance of the Red Horse
and Saxon choppers.
The Evotive Group have extensive service capabilities that are
conducive to AVL’s manufacturing and operations.
Air Volution has a strategic relationship with Anthony Chrisis
in preparation for compliancing of the Air Volution
series of vehicles.
Evo Compliance retains a 100% success record with the Department
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