Sven Tjelta, currently the CEO of Empire Hydrogen Energy Systems, is an entrepreneur and business consultant with expertise in electronics and with over five decades of business direction and senior management experience in diverse fields. Most relevant to his position as Chair and CEO of the Company is his experience as the founder, chair and chief executive of several successful hi-tech start-ups, including the three focused on electronics and discussed in detail below.
Microdyne Modular Electronic Systems Inc. (electronics manufacturing). Microdyne conducted research and development and manufactured industrial electronics equipment for the plywood and lumber industry. Sven raised over $1 million in seed capital and grew company sales to over $2 million prior to negotiating a deal for the company’s sale through a takeover.
Capital Electronic Services Limited (marine telecommunications). Capital was primarily active in designing, manufacturing and servicing marine radio equipment. It also designed, manufactured and serviced VHF equipment for municipal governments. When the company’s annual sales exceeded $1 million, its employees acquired outright ownership.
Lotus Technology Corp. (electronics research and development). Lotus was a research and development company, involved in the development of electronics equipment for "smart buildings". It obtained $4.5 million in research grants, under the federal government’s scientific research and experimental development program. The project was sold to, and taken over by, Leader Resources Ltd.
Sven was also one of the founders of Hyperstealth Biotechnology Corp. (hyperstealthbiotech.com). That company has revenues in the $ Millions, earned as a supplier of digital patterns for military and sports camouflage uniforms. The company has received several takeover offers but the founders are not ready to sell yet.
In addition to his involvement with the above-referenced companies Sven has been provided founder’s capital and/ or been responsible for raising seed capital for many other start up and early growth stage companies.
Sven is the Company’s leader. It is because of his previous businesses successes, his investment in the Company, and his vision and mission statements that he attracts competent people and inspires them to excel, believing that success is the only result that will be acceptable to them.
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