Company Background

About US
Founded in 1991, the JCAE group provides turnkey, complex technology and engineering solutions for the heavy engineering demands of the China steel industry. Maintaining high level, close relationships with mainland China steel mills and government agencies, JCAE has generated over US$120 million in OEM revenues over the last few years. JCAE’s current steel client base includes 13 of the top 15 steel producers in China.
Currently, China is continuing its strong demand for steel and steel related products as the result of the phenomenal economic growth. However, raw material and energy costs as well as environmental damages have become increasing concerns for the Chinese steel industry and Chinese government. Moving forward, JCAE’s strategy is to focus on providing revolutionary energy and waste reduction processes and equipment for the Chinese heavy industries, thus in turn help them to reduce overall production cost and mitigate environmental damages. JCAE‘s key strategy is as follows:

1. Acquire leading-edge energy efficient and waste reduction equipment and methodology from US and Europe through either joint-venture or gaining China exclusive distribution agreements.
2. Leverage existing relationships with China’s top steel manufacturers in introducing high quality leading-edge products and innovative services.
3. Establish a win-win business model by moving the steel manufacturers to an outsourced energy efficient program that reduces cost and improves efficiency. JCAE will be paid from cost-saving generated by these programs.
4. Low-risk approach by utilizing a “lease model”. JCAE will buy and own all the equipment and assets and lease them to the steel manufacturers on a long term lease contract.
5. Work with key Chinese government agencies to highlight the environmental value of our approach and monetize through government policy endorsements or carbon credit sales

Moving forward, JCAE intends to continue its highly profitable importing business while at the same time, focus on growth through developing a business model centered around the energy optimization and waste management for steel manufacturing.

Management team
Phillip Chang: CEO
Phillip Chang has over 15 years experience in public and private companies involved in marketing of metallurgical engineering service and automobile components in Great China. He has grown JCAE to a US$20 million annual business with all major steel manufacturers in China as clients. During the past decade, he has formed 7 numbers of joint ventures with leading western companies, and initiated their market entry into China. Collectively, these JVs have revenue over $50 million on an annual basis today. His expertise includes:

• Corporate Board/Executive Management
• Project Development and Finance Application
• Forming International Joint Venture with Asset and Facility Management
• Strategic Planning/Partnering
• Unique ability to apply leading edge western technology to the Great China market

Phillip Chang has master degree in metallurgy engineering from Illinois Institute of Technology as well as an MBA in marketing from Northrop University. Philip received his BS in metallurgy engineering from Shanghai Jiao Tong University. He is active member of the International Steel Association of American as well as active member of the Chamber of Commerce of City of Whittier, California.

Jame Senne: VP of Technical Services
With JCAE, Mr. Senne serves as VP of Technical Services, responsible for the management of all technical resources, including the various worldwide technology affiliates.
Before JCAE, James Senne was the owner and president of MetalPro Resources LLC, located in the United States, in West Chester, Ohio.  MetalPro Resources offers consulting services related to all aspects of heat treating and thermal processing, including design, maintenance and operation.
Prior to founding MetalPro Resources in 2006, Mr. Senne served in numerous management roles at Xtek, Incorporated, including Vice President - Heat Treating and Metallurgical Engineering.
Mr. Senne holds a BS degree in Chemistry and also studied Materials Science and Metallurgical Engineering at the University of Cincinnati.

Julie Cheng, CFO
Julie Cheng has been with JCAE since its inception. She has been responsible for the human resource department and accounting department of JCAE. She has hired over 30 staff for JCAE’s USA office as well as China office. Prior to join JCAE, she worked as financial analyst at CBL Medical and Northwest Airlines. She graduated from Carlson School of Management, University of Minnesota with a BS in Accounting.

Hao Wu, VP of International Operations
Hao Wu helped to co-found PatchLink Corporation (now Lumension Security) where he was responsible for the development of the overall business strategy, competitive analysis, market research and product positioning. While at PatchLink, he helped to secure two round of VC funding totaling US$40 million. The last round was lead by Bank of America Ventures and Government of Singapore’s US$300 billion Sovereign Wealth fund. Today Lumension Security is a leading enterprise security firm with annual revenue exceeding $60 million. In addition, Hao Wu has worked as a consultant for The Boston Consulting Group where he focused his efforts on formulating business strategy and operational management plans for various multinational companies. Some of Hao Wu’s major consultancy clients include Palm, VeriSign, Seagram, Herman Miller, SC Johnson, and VSource. Mr. Wu graduated Magna Cum Laude from UC, San Diego with a BS in computer engineering, and received a MBA from the Haas School of Business at UC Berkeley.

Jeff Xu, VP of Global Sales
Jeff Xu has background in casting and metallurgical engineering with full knowledge of roll making and service technology. He established his career with the top roll making in China, First Heavy Machinery before joining JCAE. With 9 years of hard work at JCAE, Jeff has leaded his team to penetrate all the major steel mills in China. More specifically, he managed to forge close ties with the top ten steel mills in China, is responsible for annual sales of rolls, sleeves, liners to these major steel mills about $10 million annually. Jeff Xu has BS in metallurgical engineering from North East University in China.