Some Examples of Clients and Projects

Oy Hydrocell Ltd.

Hydrocell Ltd. is the world's leading designer and manufacturer of
Alcaline (gel) Fuel Cells (AFC Gel) and Carbon Dioxide filters.

The Hydrocell Fuel Cell technologies are an attractive option for many such
applications where electric power is needed but where the availability of the electric network is
scarce, uncertain or insecure. 

While most of the competitors are still struggling with lots of technical problems, Hydrocell has
already been able to deliver fuel cells with high operational reliability to several potential
segments in the market. The product has a substantial
technical advantage in relation to competitors based on its reliability.

The company's clientele include some of the principal manufacturers of unmanned aerial vehicles (UAV).

Hydrocell also designs and manufactures patented Carbon Dioxide filters, e.g.
for the improvement of the indoor air quality (IAQ).

Type of cooperation

1) Planning of Hydrocell Ltd's business operations in Spain.

2) Representation of Hydrocell Ltd's products and services in Spain. 

For more details (in Spanish), see

www.vonen.com

Oy LIFA IAQ Ltd.

The Lifa Group develops and markets machinery and services for Healthy Buildings.
Healthy Buildings is an international program for applying research information for
the improvement of indoor air quality and climate.

Type of cooperation

1) Business Plan Preparation for the Group companies - a six year cooperation project with
the entrepreneurial team.

Business Plans have been prepared both for the Lifa IAQ Group and the subsidiary
Lifa-Air Ltd for new product development as well as for global marketing and distribution
planning. Business Plans have been used for financing purposes, but they have also been
an important tool in overall business development.

2) Planning of Lifa Air Ltd's business operations in Spain and Portugal.

3) Representation of Lifa Air Ltd's products and services in Spain and Portugal. 

During its first year of operations until late March 2005, CasaVonen has
surpassed its most important goal in Spanish representation of
the Lifa Air air duct cleaning technologies:

The leading companies in the field of industrial cleaning and maintenance of
properties have chosen the Lifa Air air duct cleaning technologies as their quality standard.
The EULEN, S.A. uses merely Lifa Air technologies for their air duct cleaning operations.
The Grupo EULEN have operations in Spain, Portugal and 10 Latin American countries.
The multinational ISS Facility Services Group uses Spanish subcontractors who
operate with Lifa Air duct cleaning technologies in
all major projects e.g. in airport terminals.

For more details, see

Quantronics Oy

and

Austin AI, LLC

Quantronics Oy was founded in 1995 to commercialize the research results of X-ray silicon detector technology developed in the University of Helsinki. The company had its roots in the research on silicon based x-ray detecting technologies done by the founder of the company, Mr. Panu Jalas, Ph.D. Further strength for the company has been gained from the new innovative X-Ray Spectroscopy analyzer programs developed at the Helsinki University Laboratory of Physics and at Quantronics. Several development projects have been run for industrial partners or major x-ray or particle accelerator laboratories.

Since 1997 Quantronics provided new innovative software for x-ray analysis and introduced XRF based analysis instruments. The proprietary x-ray technology makes it possible to realize material quality control and automation systems on a new level of ease-of-use, speed and accuracy.

Type of cooperation

Business Plan development in cooperation with the entrepreneur. The Business Plan was prepared for the purpose of a MERGER with NITON BDC (Austin, Texas, U.S.A.) to form Austin AI, LLC. The merger was fulfilled in 2003. According to the entrepreneur, Ph.D. Panu Jalas, the preparation of the Business Plan was essential for the realization of the merger. Also, the plan was an important tool for the valuation and pricing of the company.

Business Plans for Mining Companies

Endomines Oy

Kalvinit Oy

The Eka Co-operative

The Eka Co-Operative was among the four (4) largest companies in Finland. The later Tradeka named company had several
subsidiaries in different fields of trade and industry. This was the biggest Finnish case of "US Chapter 11" type insolvency. Client: Lawyers in charge of the troubled co-operative and administrators of the liquidation proceedings at the 

Hannes Snellman Attorneys at law.

and

Attorneys at law Borenius & Kemppinen

Type of cooperation

Action for Recovery in the Helsinki Municipal Court. 

Expert Opinion.

Mr. P.Savonen has presented, in the Helsinki Municipal Court, his third party opinion evaluating, whether commercial banks and other financiers of the Eka Co-operative should have seen beforehand the financial troubles expecting the co-operative. The work included estimations of the analyzing procedures of the commercial banks.

The Eka Co-operative was the fifth largest company in Finland.

Description of the analysis work: Evaluation of the state of solvency - insolvency and cash flows of the co-operative and subsidiaries during the years before the start of "US Chapter 11" type bankruptcy prevention -procedure. Divisions/Subsidiaries analyzed: Haka Oy (construction), Renlund Oy (retailer/tools and materials for construction industry), Restel Oy (hotels and restaurants), Tradeka (retail/consumer goods), Trendor Oy and the Parent Co-Operative.

The TietoEnator Group

TietoEnator is one of Europe's leading IT services providers offering value-added
expert service for selected industry sectors.

Type of cooperation

Analyses of TietoEnator's major customer industry sectors, like the telecom and postal operators, in the Northern and Central European countries. Analyses cover the estimates of the future prospects for success of the operators in the customer industry sectors. The most potential and interesting operators.

Enterprise Fennia Mutual Insurance Company

Type of cooperation

Evaluations of the financial status and future profitability of the most important
clients (in several fields of industries and trade).

Companies Analyzed, Among Others:

Huber Oy
Darecon Oy

Darepro Oy

The United Bankers group

and Other Stock Brokers and Investment Bankers 

Type of cooperation

Fundamental Analyses of Nordic listed companies. Estimated share
price development. The Intrinsic Value of the share.

Companies analyzed: 

The Amer Group Ltd. (owner of e.g. Wilson, Salomon and
Atomic brand names, Finland);

Bilspedition Transport & Logistics (BTL) Ab, Sweden (acquired by
the Schenker Group);

Cultor Oyj (high-performance nutrition products, acquired by
the the Danish Danisco Group);

Finnlines Oy (sea transport);

Finvest Oy;

The Jaakko Pöyry Group (world's leading consulting/engineering company in the fields of forestry and energy, Finland);

The Mandatum Bank Plc;

Oy Partek Ab (manufacturer of Sisu and Kalmar container handling
systems and Valtra tractors, acquired by the Kone Group)

Tamrock Oy (manufacturer of drilling, borring and
tunneling machinery for mining and construction industries, acquired
by the the Sandvik Group, Sweden),

The Metso Corporation (world's largest paper making line and
rock / mineral processing equipment supplier),

The Elcoteq Network Corporation (the leading European electronics
contract manufacturing company),

The Suunto Corporation (diving and water sports, hiking, outdoor
products, acquired by the Amer Group),

Telia and Sonera (Sweden&Finland, before the merger).

The SSP -bank group

(Later merged to Finnish commercial banks, the Merita-Nordbanken Group, among others)

Turun Suomalainen Säästöpankki (A former local savings bank in the Turku area):

Type of cooperation

Financial Analysis of companies in the fields of manufacturing, construction and trade. 

Companies Analyzed, Among Others:

Auramotor Oy

Haka-Kone Oy

Konepaja Grönroos Oy

Master Finance

Other projects for the SSP-bank Group included
Analyses of the viability of the business of client companies.
Financial Analysis, evaluations of needs for
development and prospects for future success.

Member of the Board of Directors as representative of the bank. Reporting to the
directors of the bank. Analysis of the markets and competitors.

Other local savings banks:

Financial analysis of companies in fields of transportation and construction, car
resellers for valuation and acquisition purposes.

Companies Analyzed, Among Others:

Kerman Savi Oy

PMJ automec Oyj (Now: Cencorp)

Type of cooperation

The company manufactures automatic systems for odd component handling for
manufacturers in electronics industry, eg. Nokia Mobile Phones. Financial analysis
reports to be handed to banks for project financing well before IPO.

V. Brøndum A/S 

V. Brøndum A/S was established in 1967 in Silkeborg, Denmark. The company has over
the years gained a very high level of competence within each of its product fields.

The RONDA Industrial Vacuum Cleaners are among the few H-classified for professional use in
demanding renovation and cleaning projects where hazardous dust is a risk for health.

CasaVonen is the sole representative of V. Brøndum A/S in Spain.

 

We look forward to your contact: