THE AIRSPEED EQUITY TEAM

Honorable Milton L. Lohr

Director

Mr. Lohr has over 40 years of extensive experience as a Research and Development engineer, entrepreneur, business executive and U.S. Government Official covering a broad range of high technology, defense and commercial systems. His experience includes starting new high technology companies with activities in corporate development, venture capital, international partnering and has served on the Board of Directors of high technology, public and private corporations. He was appointed to the State’s Defense Conversion Council by Governor Wilson, and chaired the Capital Formation Committee. This Committee received a Model of Excellence Award from the office of Advocacy of the Small Business Administration for its contribution to Venture and Seed capital development.

He served as the first Deputy Under Secretary of Defense for Acquisition in both the Reagan and Bush administrations, with responsibility to assist in overseeing DOD’s major Acquisition and Technology Programs, International Programs and U.S. Arms Control Compliance activities. He also served as U.S. Acquisition Representative to the NATO Conference of National Armament Directors and the Four Power Group with oversight in U.S. armament cooperative programs and developing and establishing policy initiatives aimed at promoting cooperation on major weapon systems and technology among the NATO Allies.

Current experience includes serving over 20 years as a Corporate Director of Ceradyne, Inc. with sales of approximately $400M/year. Mr. Lohr has hands-on experience in the research and development of technology and its transition to viable products in aviation, commercial radar, infrared, optics and space instrumentation. Mr. Lohr, as Executive Vice President, was one of two principals in Flight Systems Inc., which developed and produced sophisticated electronics and drone conversion and operation of F-86 aircraft. He was founder and CEO of Defense Research Corporation and held senior positions with: TITAN, TRW and Aeronutronic (Ford) involved in development of military electronics, and was associated with Defense Development Corp., L.F. Global, devoted to venture capital activities and serving on advisory boards. He was founder and chairman of INTERPAR in Washington, D.C., a company devoted to assisting U.S. corporations in forming business alliance with European companies.

He received a BE degree in Engineering from USC and an MS degree from UCLA. He was a member of the Army Science Board and served on Panels of both the President’s Science Advisory Committee and the Defense Science Board. He was awarded the Secretary of Defense Distinguished Public Service Medal, the Army’s Outstanding Civilian Service Medal, the Secretary of Defense Meritorious Civilian Service Medal and the Army’s Certificate of Appreciation for Patriotic Civilian Service.

Ceradyne, Inc., Member of Board of Directors – 1986 to 1988 Member – 1989 to Present

Mr. Lohr was elected to the Ceradyne Board of Directors in 1986. In 1988, he resigned to accept an appointment as first Deputy Under Secretary of Defense for Acquisition. Upon his return to California, he was re-elected to the Board in 1989. Ceradyne is a fully integrated developer and manufacturer of advanced technical ceramic products and components for defense, industrial, automotive/diesel, commercial, solar energy and nuclear power applications. Some key products include: lightweight ceramic body armor, combat and tactical vehicle armor, missile radomes, ceramic crucibles for manufacturing of photovoltaic cells, diesel engine components, ceramic orthodontic brackets, nuclear waste containment components, and various ceramic powders and chemicals for semiconductor manufacturing and the cosmetic industry.

Mr. Lohr is currently Chairman of the Nominating and Corporate Governance Committee and serves on both the Audit and Compensation Committees. Ceradyne has operations in five states with International Operating Divisions in Germany, China and Canada.

Entrepreneur in Residence Connect – 2008 to Present

In 2008, Mr. Lohr became associated with the Connect organization as an Entrepreneur in Residence. Connect is a non-profit organization dedicated to creating and sustaining growth of innovative technology and life science businesses in San Diego. Since 1985, Connect has assisted in the formation and development of over 2000 companies. He has served on teams mentoring technology companies in areas including wireless video systems, various medical devices, and screening systems for anti-terrorism applications, and issues regarding innovation, technology transfer and commercialization. Most of his efforts have been devoted to new technology companies serving non-defense markets.