RONALD D. STEPHENS

Address: 12 Meadowbrook Rd.

Newtown, CT. 06470

Home Phone 203 426 2060

Work Phone 203 840 4420

Married, 4 children

Employment History:

VP Sales, EMS and VITE: Vectron International (2002-2004). Prior to 2002, EMS customers had not been targeted separately. I built a global sales and customer service organization focused on our Tier One EMS companies (Flextronics, Celestica, Solectron, Sanmina SCI, Jabil and Plexus). We started with these EMS customers being unsatisfied with Vectron’s customer service, and within 18 months we won two Supplier of the Year awards (Celestica, Jabil) and delighted all of our EMS customers with our service. Sales to our EMS customers increased from $20m to over $40m. During this time, I continued to run VITE as a successful profit center for Vectron International.

VP and General Manager, VITE: Vectron International (1998-2002). In 1994, we created VITE as the resale division of Vectron International. Starting from zero at the beginning of 1998, we grew VITE to the point of achieving $30m in bookings and $25m in sales in 2001, earning 18% pre-tax profit. After the telecom bust, we achieved $15m in sales and 15% profit in 2004.

VP and General Manager, Vectron Labs: (1994-1998). After Dover’s acquisition of Vectron Labs, I moved to Connecticut and took over as General Manager of Vectron. In 1994, Vectron’s fortunes were at a low ebb and sales had fallen to $20m annually (from a previous high of $30m). I re-invigorated the sales and marketing efforts, reduced costs and stimulated new product development. We got sales back above $30m and increased earnings back above 10% of sales. At my instigation, we purchased the rights to the EMXO technologies from Effratom.

We purchased the frequency control products activities from AT&T, and we purchased KVG in Germany, and operated these as separate divisions of the new Vectron International Inc. As General Manager of Vectron Labs, I reported to the President of the new Vectron International.

President, Oscillatek: (1988‑1994). When my non‑compete contract with EG&G ran out, I left to become President of Oscillatek in Olathe, KS. Oscillatek had been a division of K&L Microwave (Salisbury, Md.) a division of Dover Technologies, since 1985. I managed Oscillatek from being a $2m company that was losing money when I took over, to a $17m company earning 20% when I left to become General Manager of Vectron. Oscillatek was primarily a manufacturer of TCXO's and QPL military clocks. I added OCXO’s and VCXO’s to our portfolio and engineered the acquisition, in 1992, of the EG&G oscillator business, which we moved to Olathe KS.

In my first years at Oscillatek, I solved many internal management problems and put the company on a sound, profitable growth track. In my 6 years at Oscillatek, we grew sales from $2m to over $17m per annum and we were consistently and increasingly profitable. We went from approximately 90% military to around 70% commercial, while increasing average selling price. We began an aggressive world‑wide marketing campaign with the result that exports became over 40% of our total sales, largely to Western Europe, but also to Japan and Korea. We also aggressively pursued World‑Class Manufacturing, and greatly reduced our total cycle time, allowing us to offer the quickest lead times in the industry.

In 1992 we acquired Vectron. I did all of the marketing studies and competitive analyses to justify the acquisition. Vectron, Oscillatek, and several other electronics component and sub‑assembly OEMs became the Quadrant group of companies, a division of Dover Technologies.

Executive Vice President, EG&G Frequency Products Division: (1986‑1987). I was promoted to this position in late 1986. All functional areas of our oscillator business reported to me. I made this business element consistently profitable, while continuing to grow the business. In addition, I still functioned as the divisional Vice President for Marketing.

Vice President of Marketing, EG&G Frequency Products Division, (1985‑1986). After EG&G acquired Cinox in 1984, I was promoted to head marketing for the Frequency Products Division. This division had product centers in Cincinnati, Kansas City, and Boston. I consolidated marketing and sales for those three operations, while increasing sales from $lOM in 1984 to $14M in 1985, and then to $17M in 1986.

Vice President of Marketing, Cinox:_(1983‑1984). Having trained a capable replacement for my old job, I was able to persuade the President to put me in this position, to which I had always aspired. I increased bookings from $4.5M in 1982 to $5.5M in 1983 to $8.OM in 1984. I accomplished this by dramatically increasing sales in our precision crystal oscillator line. This job required nation wide travel, selling directly to original equipment manufacturers. Another major accomplishment during this time was helping to sell the company to EG&G at a huge profit.

Director of Manufacturing, Cinox (1980‑1982). In 1980, Harris sold the crystal operation to the management team in Cincinnati. We named the new organization Cinox, and for the next five years I was a manager and part‑owner of Cinox Corporation. As Director of Manufacturing, I was in charge of all day‑to‑day operations, and I succeeded in making Cinox consistently profitable.

Product Manager, Harris Corporation, Crystal Operation: (1977‑1980). I was responsible for increasing sales and profits in crystal operations. I took crystal sales from $2.OM to $33M during a time when our old base business was rapidly eroding, due to replacement by other technologies. I achieved this growth by rapidly expanding into growth markets for precision crystals. These markets were in satellite communications, radar, telemetry, and high speed data communications. I was responsible for all advertising and promotion. I developed a 50‑page catalog, in full color, promoting our products. I also advertised in many trade publications and exhibited our products at many trade shows.

Manager of Quality Assurance, Harris Corporation, Crystal Operation: (1976‑1977). I used

this position to achieve a high level of customer contact. Through better communication

with our customers, I managed to reduce our rate of returns from over 5 % to much less

than 1 % , and to increase sales. I also trained my replacement.

Design and Process Eng, Harris Corporation Crystal Operation, (1976). Hired as an engineer into this operation in Cincinnati, Ohio, I developed a new line of cold weld, high precision crystals for microwave communications applications. I obtained approvals for prototypes at our first customers in this field.

Education:

B. A. degree from DePauw University, Greencastle, Indiana, 1975. Majors were in Physics and Mathematics, graduated with Honors, member Phi Eta Sigma. All expenses were paid by my own earnings. Extensive work at the University of Cincinnati towards an MBA (night school). I then completed an intensive one‑year executive MBA program sponsored by the University of Cincinnati, concentrating on management, accounting and finance. Valedictorian of Amelia High School, Amelia, Ohio in 1971, I was also a national merit finalist , with SAT scores of 1450 (720 math, 730 verbal).