July 1, 2020 - June 30, 2021

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July 1, 2020 – June 30, 2021ANNUAL REPORTFoundationInnovative Solutions for a Complex World

Dear Colleagues and Friends,Table of ContentsLeadership Letter – 1Concurrent Technologies Corporation (CTC)and its affiliates Enterprise Ventures Corporation(EVC) and the CTC Foundation demonstratedunwavering mission and client commitmentduring the ongoing public health crisis. Weare pleased to report the Company completeda successful year, achieving almost everyPerformance Scorecard goal. We want toacknowledge and thank our employees andbusiness partners who contributed to thissuccess. Our organization’s clients adaptedprocesses and policies to improve effectivenessand efficiency, and we are grateful for theirongoing confidence and trust in our Company,employees, and teammates.Vision, Mission, Culture – 2Board of Directors / Technical Advisory Board – 3Engineering and Manufacturing – 4Readiness – 8Information Technology – 12Enterprise Ventures Corporation – 14CTC Foundation – 18Military Honor Roll – 19Shining Our Light – 20CoverThe photos on the front coverrepresent our broad areasof expertise: AdvancedEngineering & Manufacturing,Readiness, and InformationTechnology. Current workin those areas includestechnology for hypersonicapplications; edge nodesystems; specialized coatings;innovative ammunitionengineering services,manufacturing analysis, andprototype development andscale-up; cybersecurity; andmuch more.During our Fiscal Year 2021, the CTC enterprisecontinued to develop innovative solutionsthat resulted in follow-on engagements andnew contract awards. Examples include theaward of a contract to design and build anelectric flightline generator capable of poweringlegacy and next generation USAF aircraft;EVC’s orders of a CTC-developed, proprietaryspecialty military coating; and an 11 millionaward to develop and evaluate improved smallcaliber ammunition for the U.S. Army. Weremain focused on advancing our capabilitiesin areas including hypersonic technologies,artificial intelligence/machine learning, andsecure classified manufacturing. With increasedfocus on the importance of the environment,our teams providing installation readinessanalysis and services are elevating this criticalcomponent of our national security. These effortshelp to improve secure and resilient criticalinfrastructure–the assets, systems, and networksthat underpin our nation’s military platforms.We acknowledge the valuable guidance that ourTechnical Advisory Board provides in mentoringour technical leadership and supporting theCompany’s strategic plan.Our Board of Directors continues to providestrategic guidance to the Corporation’sleadership to drive the organization’s growth andprogress. With much gratitude and appreciation,we recognize the service of two long-timeThe HonorableJeffrey K. HarrisChairCTC Board of DirectorsEdward J.Sheehan, Jr.President & CEO &Board of Directorsboard members who completed their service,Chairperson and board member, Mr. Howard(Skip) M. Picking, III, and Mr. Mark Pasquerilla.They made numerous contributions over theiryears of service, and we are indebted to them. Wealso welcome our new board members, Mr. SeanRoche and Mr. Gary Slack. We are also pleasedwith the election of two board members at ouraffiliate and technology transition partner EVC, theHonorable Kevin Fahey and Mr. John Tile.We live in exciting times with the ready availabilityof technologies that can be quickly incorporatedto provide our clients with mission performanceadvantages. Our dedicated, skilled employees’relentless pursuit of innovative and timelysolutions is a strength of the Corporation. Theirservice to strengthen our National Security isremarkable. We remain excited about our abilityto offer technology-infused solutions to addresshard problems. We look forward to going aboveand beyond by leading the innovations which willadvance our contributions to National Security tohelp make our world safer and more productive.We again offer our thanks and appreciation to ouremployees, clients, board of directors, and themany business partners and friends who havecontributed to our success.CTC ANNUAL REPORT Fiscal Year 2021 www.ctc.com1

CTC Board of DirectorsThe HonorableJeffrey K. HarrisChairDale M. MosierVice ChairEdward J.Sheehan, Jr.President & CEORobert J. Eyer, CPADirectorE. Jeanne GleasonDirectorRetiredU.S. Air Force Col.Conway B. Jones, Jr.DirectorRetiredU.S. Army Maj. Gen.Camille M. NicholsDirectorRetiredU.S. Air Force Maj. Gen.John F. PhillipsDirectorSean P. RocheDirectorGary C. SlackDirectorRetired U.S. Army Lt. Gen.Joseph YakovacDirectorVisionConcurrent Technologies Corporation, inclusive of its affiliates, isrecognized as one of the top developers of comprehensive solutionsthat make the world safer and more productive.MissionTo offer robust, technical, and innovative solutions that: Safeguard our national security Retain U.S. technological advantage Ensure the primacy of American manufacturingCultureThe employees of Concurrent Technologies Corporation and its affiliateswork as a team to serve our clients within our One Company Companyframework while living our brand and values.Technical Advisory BoardThe CTC Technical Advisory Board members bringa wealth of experience and expertise in varioustechnical, government, and industry arenas. Theyare, left to right, The Honorable Jeffrey K. Harris;Nickolas H. Guertin; Anthony J. Tether, Ph.D., Chair;Arthur J. Bruckheim, Ph.D.; andStanley A. Sojka, Ph.D.2CTC ANNUAL REPORT Fiscal Year 2021 www.ctc.comCTC ANNUAL REPORT Fiscal Year 2021 www.ctc.com3

ANNUAL REPORTENGINEERING & MANUFACTURINGBuilding on decades of engineering and manufacturingadvancements, CTC delivers innovative solutions thatcombine deep expertise in both the fundamentalsand cutting-edge technologies. CTC and its affiliatetechnology transition partner, Enterprise VenturesCorporation (EVC), work closely to create a seamlessprocess from concept development to prototyping toproduction, sustainment, and disposition.Patented Solution Taking JoiningTechnology to WhereIt is NeededCTC is developing a unique and innovative solution forrepair and construction of U.S. Navy ships. While frictionstir welding (FSW) is ideally suited for repair of cracks in5xxx series aluminum, no commercially available FSWsystems can be used shipboard or in situ to performweld repairs.Capabilities– Friction Stir Welding/Advanced Joining– Additive ManufacturingIn early 2021, the U.S. Navy repaired a hole in thebulkhead on the USS Vicksburg (CG 69) using aportable friction stir welder to weld an insert intosensitized aluminum. CTC also worked with a partner,ElectraWatch, to treat the surrounding area with anotherCTC-developed technology, reverse sensitization. Theirwork builds on prior activities at CTC involving PFSW,reverse sensitization, coatings, and other technologies.– Secure Manufacturing– Systems Engineering, Designand Integration– Custom Fabrication– Next Generation Ammunition– Mechanical Design and Analysis4Innovative Repair TechnologiesDeployed on Navy ShipTechniques and technologies led by CTC are beingused to reduce costs and improve readiness for U.S.Navy ships that use aluminum alloys for hulls andsuperstructures. CTC’s solution allows repairs tosensitized aluminum in place, saving the costly andtime-consuming removal and replacement process.– Engineering Design, Developmentand Prototyping– Mechanical Testing and MaterialsCharacterizationCTC’s patented portable friction stir welder (PFSW) andprocess parameters are designed to replace sensitizedand cracked material during ship repair, dramaticallyreducing labor and material costs associated with thecurrent repair techniques and ultimately increasing Navyfleet readiness by improving maintenance schedules.In addition, this technology can be used during newconstruction (for example, in deck socket installation,hull erection joints, and panel joining). CTC’s patentedsolution consists of a track, a weld head powered bypneumatic motors, and an air caddy containing themotor controls.Friction stir welding is ideally suited for weldinghighly sensitized material as found in severalclasses of U.S. Navy ships. Until CTC developed itsportable friction stir welder, no friction stir welderscould perform weld repair shipboard because theywere large, heavy, stationary systems.CTC ANNUAL REPORT Fiscal Year 2021 www.ctc.comAdditive Manufacturing Solutions:Rapidly Move from Concept andDesign to Manufactured ProductOn the USS Vicksburg (CG 69), CTC used aportable friction stir welder similar to the onepictured, which was developed under contract tothe Office of Naval Research as part of the FutureNaval Capabilities Program.worn or damaged high-cost components. CTC usesthree additive processes: laser powder bed fusion, hybridadditive manufacturing, and high pressure cold spray.Manufacturing Outlooknamed CTC a Top 10 AdditiveManufacturing (AM) SolutionProvider for 2020 and featuredCTC’s AM capabilitiesin the August 2020cover story.CTC offers a broad range of additive manufacturing (or3D printing) services to provide our clients with bothcomplex part manufacturing and the ability to repairCTC ANNUAL REPORT Fiscal Year 2021 www.ctc.com5

ENGINEERING & MANUFACTURINGEnhancing Next GenerationAmmunition through Industryleading Engineering InnovationsCTC is providing component and manufacturingprocess engineering, analysis, prototyping, and testingservices for new small caliber projectiles, cases, andcomponents. Our work will help enhance performance,reliability, and affordability, as well as reduce weightof small caliber ammunition. These efforts are part ofa three-year, competitively bid contract awarded bythe U.S. Army Project Manager Maneuver AmmunitionSystems (PM MAS) and U.S. Army Combat CapabilitiesDevelopment Command Armaments Center (CCDCAC) through the DoD Ordnance Technology Consortium(DOTC). Through long-term engagements, CTC isdeveloping industry-leading engineering solutionsfor small caliber ammunition spanning research anddevelopment, testing, technology transition, andimplementation.Using advanced manufacturing technologies, CANMhas demonstrated the capability to reverse engineerand manufacture replacement parts from worn/failedcomponents.ANNUAL REPORTThe National Armaments Consortium and DOTCrecognized CTC for Outstanding Technical Achievementfor its innovative approach to manufacturing ammunitionthat simplifies the process, reduces total ownership costand manufacturing footprint, increases performance,and reduces weight.CTC is building on its previous generatorprototypes that were successfully demonstratedat Edwards Air Force Base with the 412 Test Wing.CTC is pursuing solutions to enable warfighter useof hypersonic technology. U.S. Air Force photoCTC Hosted Department ofEnergy LeadersCTC is supporting the U.S. Air Force with its goal toreplace diesel-powered generators with an electricgenerator by combining silicon carbide-based powerelectronics with advanced lithium-ion battery technology.These advanced techniques will be used to design andbuild an electric flightline generator capable of poweringlegacy and 5th generation fighter aircraft. The work isbeing done on a contract from the Air Force ResearchLaboratory’s Advanced Power Technology Office.Contributing to AdvancingNuclear Industry Manufacturing6Contributing to the Flightlineof the FutureDeveloping the Next GenerationFlightline GeneratorEven though the prototype will resemble a traditionalflightline generator, it will demonstrate superior powerquality and efficiency while reducing flightline emissionsand noise.CTC is developing prototype next generationammunition incorporating advanced manufacturingtechnologies for the U.S. Army.CANM also initiated three new projects in supportof a Small Modular Reactor (SMR), which is the nextgeneration of nuclear power. These projects areaddressing manufacturing issues that are potential roadblocks for successful deployment of this new SMR.They include welding automation for large structures,manufacturability of a new forging alloy for largecritical structures, and design/development of a safetymonitoring deployment system.CTC’s Center for Advanced Nuclear Manufacturing(CANM) continues to develop its presence andexpertise in the commercial nuclear power market.CANM is leading a critical project with a large nuclearmanufacturer that is addressing a pervasive issuewith the existing fleet of power plants as they extendtheir operating lives, which is part obsolescence.CTC ANNUAL REPORT Fiscal Year 2021 www.ctc.comsecurity, as well as for transportation and spacesystems. Research and development of offensiveand defensive capabilities in hypersonics is criticallyimportant. CTC’s relevant technologies include additivemanufacturing, artificial intelligence and machinelearning, cybersecurity for manufacturing, technologybased training solutions, and much more.CTC developed a diesel-battery hybrid powertrainfor the U.S. Air Force’s Halvorsen 25K Loader,which is used to load and unload cargo from AirForce transport aircraft. CTC’s solution improvesagility, energy efficiency, and airman safety, whilereducing greenhouse gas emissions.Expanding the Applicabilityof HypersonicsCTC is helping solve a wide variety of pressingchallenges to real-world hypersonic applications.Hypersonic weapons, once developed, would fly morethan five times the speed of sound and be extremelydifficult to defend against. Advances in hypersonictechnologies have significant implications for nationalU.S. Secretary of Energy, Dan Brouillette, andthe Assistant Secretary for the Office of NuclearEnergy, Dr. Rita Baranwal, visited CTC to discussenergy supply chain issues facing America andhow Western Pennsylvania is poised to helpthe U.S. overcome those issues. While at theJohnstown headquarters, the leaders saw firsthand some of the relevant cutting-edge research,technology, and development happening here.CTC ANNUAL REPORT Fiscal Year 2021 www.ctc.com7

ANNUAL REPORT– Readiness, Continuity & PreparednessSolutions– Safety & Occupational Health Services8re –ctutr uSSISBIARELDEPUTY AFO R C EAIRNTLIE– Energy, Resilience & SustainabilityServicesSI– Logistics Policy & Analysis ServicesFrom R&D to Operational Use inthe Field—Accountability TrackingSystem Supporting EmergencyResponseFirst used in the 2017 presidential inauguration andthe 2018 State of the Union address, CTC continuesto develop FEMA’s Federal Emergency ResponseOfficial (F/ERO) Accountability Tracking System (ATS),a mobile, electronic validation system used to identifyand track personnel during emergency responsesituations. Federal Emergency Management AgencyOffice of the Chief Information Officer awarded CTCa contract to provide system engineering, softwaredesign and development, integration, security, testing,installation, enhancement, training, deployment,operation and maintenance, and integration supportCTC ANNUAL REPORT Fiscal Year 2021 www.ctc.comIn a collaboration with Indiana University of Pennsylvania(IUP), CTC initiated research on COVID-19 readinessand response of Pennsylvania companies. Our workincluded a survey to examine workplace and personalvariables that influence workers’ perception of readinessand response to COVID-19. Distilling lessons from thispandemic while still fresh will provide resources for otherinvestigations and response to future emergencies.Several CTC team members are IUP Safety Sciencesgraduates, a natural extension of the historiccollaboration between IUP’s world-class program andCTC’s highly engaged safety professionals.E– Education & Training SolutionsCollaborating with HigherEducation on COVID-19ResponseHCapabilitiesonCTC is continuing its long history with the Departmentof the Air Force in providing policy, guidance, andoversight to support the military branch’s energy andwater portfolio. Most recently, the Deputy Assistantv irContinuing Environment, Safety,and Infrastructure Support to theAir ForceRETARYSecretary of the Air Force forS ECOFNTTTAREEnvironment, Safety, andLEInfrastructure (SAF/IEE)awarded the second optionyear on a five-year contractworth up to 21 million.Under this competitively bidmREADYsenfr at, Stask order, CTC delivers provena f e t y, a n d I nprogram management processesalong with subject matter expertise infacility energy, water and utility management, missionassurance, strategic communications, and statutoryand legislative affairs. In addition to energy and water,this contract also covers safety, environment, andinfrastructure.– EnHelping to keep our nation safe is a significantresponsibility, and CTC takes its role seriously. Fordecades our professionals have been providing thenation and U.S. warfighters with relevant analysis,creative solutions, and reliable innovations to improvereadiness. Our work covers water and energy resilience,safety system effectiveness, infrastructure security,and more.READINESSA Disaster Medical Assistance Team sets uptents at Lake Charles Memorial Hospital toprovide support in response to Hurricane Laura.Responders like these are processed using F/EROATS. FEMA photofor F/ERO ATS, as well as support for FEMA disasterdeployment and credential issuing logistics. CTC wasawarded a modification to the initial contract to deployPIV-I credentials to select state, local tribal, and territorialentities. The F/ERO ATS has been used in multiplehurricanes in the U.S. as well as in the U.S. Virgin Islandsand Puerto Rico, where it tracked F/EROs going on andoff ships deployed for disaster relief.CTC provides deepexpertise to support ournation’s readiness efforts.Starting in the spring of 2020, COVID-19 changedthe way we all do business. CTC is working witha state university to research how Pennsylvaniacompanies responded to this pandemic in aneffort to be better prepared for any future threats.CTC ANNUAL REPORT Fiscal Year 2021 www.ctc.com9

READINESSSecuring Facility Related ControlSystems and Improving EnergyResiliencyFacility Related Control Systems (FRCS). The FRCSprogram consists of 350 systems including utilities,energy, fueling, fire and life safety, electronic security,and several other platforms that are associated with theoperation of an Installation. CTC’s contributions includesecuring this infrastructure and FRCS data. As a resultof CTC’s work, the Marine Corps will reduce energyconsumption; extend the operating life of devices,systems, and plants; and enable the implementationand operation of energy-resilient technologies, allowingthe warfighter to meet mission requirements.CTC is building on its rich history of helping ensureMarine Corps systems are securely functioning andoptimized to improve system performance. Mostrecently, the U.S. Marine Corps Installations Command(MCICOM) awarded a 16 million competitivelybid contract to provide functional and technicalprogrammatic support for securing the Marine Corps’Building on Enhancements toMarine Corps Energy Security“The support CTC and its teamMCICOM also awarded two contracts continuing andexpanding the work CTC has previously done to supportthe Marine Corps’ energy program and InstallationEnergy Security Plans (IESPs).members provide has becomeCTC’s work spans the Marine Corps enterprise (i.e.headquarters, regions, and installations) to deliverholistic energy security solutions for more resilientMarine Corps installations.to their continued exceptionalthe backbone of the Marine CorpsEnergy Program. I look forwardcontributions as we work togetherto improve Marine Corps energysecurity in support of criticalIP Network External to Control Systems (CS)operations worldwide.” Connection Components(Firewalls, DMZ, Proxies, Servers, etc.)IP NetworkExternal to CSFRCS Layer Cake DiagramControl System (CS) BoundaryLEVEL 5ExternalConnectionand CSManagementConnection Components(Firewalls, DMZ, Proxies, Servers, etc.)4A –ServersTo more FieldControl Systems4B –WorkstationsSwitch, “Proxy Device”, or Firewall2N – IP Network2B –Switches2C - ControllersProtocol HWcontrol system servers and workstations. Typically,government furnished.Level 3 - IT. Logical Connection between Level2 CS and Level 4 IP Network. Standard IT deviceusually an ethernet switch.2D – Field ControlSystem Computers2A – IP-BasedControllersusing IP, not sharing with other systems. Includes componentsconverting control logic to electric signals; IP networkedhardware carrying control protocol; control protocol router. AirHandler Controller (2A); Ethernet Switch (2B); BACnet MS/TPto BACnetIP router (2C); Control System Interface (2D).Level 1 - OT. Networked controllers which do not use IP to1A – Non-IPControllerscommunicate. Includes controllers and network. Converts controllogic to binary or analog. Network protocols not communicatingover IP. E.g. Networked thermostat sensor (1A), LonWorks TP/XF-1250 (media) to TP/FT-10 (media) router (1N).Level 0 - OT. Field devices which communicate with Level 1 or0A – Sensorsand Actuators0B –ConnectedControllers0C el 2 - Hybrid IT/OT. Portion of the control system1N – Non-IP NetworkLEVEL 1Field ControlSystem(non-IP)0D –Stand-aloneSensors andActuators0A – Sensorsand ActuatorsCTC helps standardize and implement the 5-Level controlsystem architecture as defined in the Unified Facilities Criteria(UFC) to incorporate cybersecurity requirements into thedesign of facility related control systems.10software, and networking. Provides securityfunctionality, user management, and external access.Level 4 - IT. IP Network for control system along withLEVEL 3Field Point ofConnection (FPOC)LEVEL 0Field ControlSystemLevel 5 - IT. IT managed control system hardware, — Randy Monohan, MCICOMEnergy Projects Officer4N – IP Network (CS VLAN’s) or dedicated networkLEVEL 4CS Front Endand CS IPNetworkLEVEL 2Field ControlSystem (IP)CS ManagementSoftware Updates, Monitoring,Scanning, Patches, AuditsPositive feedback like this validates clients’trust in CTC’s commitment and capabilities fordelivering comprehensive program and projectdevelopment support.CTC ANNUAL REPORT Fiscal Year 2021 www.ctc.com2 via hardware input/output (I/O) on analog or non-digital binarysignals (0A & 0B). Can include stand-alone devices or devices thatconnect to stand-alone field devices not connected to a network(0C & 0D). E.g. stand-alone packaged diesel generator (0C),stand-alone thermostat sensor (0D).10/29/20, Version 1, Derived from DoD Unified Facility Criteria 4-010-06.EnergyOperationsFinancial &AdministrativeCommunicationsCTC’s ongoing support to the Marine Corps’ Energy Program and IESP effortsare helping to connect all the pieces of the energy security puzzle to build aplan for resilience.CTC ANNUAL REPORT Fiscal Year 2021 www.ctc.com11

ANNUAL REPORTINFORMATION TECHNOLOGYCTC has delivered thousands of customizedinformation technology (IT) solutions to theDepartment of Defense (DoD) and IntelligenceCommunity over the past few decades. Our expertsare leading the rapidly evolving IT industry withinnovative solutions that work to improve access toand safeguard data.CapabilitiesImproving Information ExchangeWhen and Where It Matters MostIn the past, those on the front lines around the globewould have to reach back to the data centers in the U.S.for needed information, which takes a lot of time andbandwidth. CTC is rapidly developing game-changingedge node solutions for the DoD and IntelligenceCommunity that bring current geospatial intelligencedata, applications, and services to coalition forces muchfaster and with less bandwidth.– Agile Software Development &DevSecOps– Artificial Intelligence, Machine Learning(ML) & ML AssuranceEdge node technology can be used in a variety ofcritical situations, including helping warfighters findhelicopter landing zones, conduct surveillance, locatetargets, and assess damage. In the context of dataexploitation and analytic capabilities at the tactical edge,real value comes in supplying vital cognitive aids foroperational decisions. These aids provide a significantadvantage to those employing them, especially intactical scenarios where actions must be taken quickly.Cybersecurity: Our Mission isSecuring Your MissionA top priority of almost every organization is protectingits data from cyberattacks or unauthorized access.CTC provides cybersecurity professional services andadvanced information technology solutions to bothpublic and private organizations. Our clients benefitfrom our technical innovation, commercial industry andgovernment expertise, and professional excellence.Machine Learning SolutionsTailored to Specific ApplicationsCTC leverages deep knowledge of machine learning(ML) and modern engineering and software developmentdesign principles to create efficient and effectivesolutions for both the cloud and edge applications. Weoffer secure and private machine learning models thatensure high utility, assurance, and interpretability.ML technologies can solve real-world organizationalchallenges and significantly improve existing processesin a variety of ways. CTC keeps pace with the rapidlychanging ML market to understand the implications ofemerging research and to evaluate and integrate thesetools and capabilities into commercial ML tools or ourown COMBINE big data microservices architectureplatform.The CTC team offers strategic level (CISO, Boardroom)planning assistance, cyber training capabilities,assessment services, and incident response planningcapabilities.– Cloud Architecture & Security– Cloud-based Mission Management &Sensor Data Exploitation– Cross Domain Solutions– Cybersecurity– Edge Node Architecture & Deployment– Extended RealityCTC’s edge node system provides our nation’smilitary with the tools necessary to analyzeand exploit intelligence and plan and executeoperations faster than ever before.12CTC ANNUAL REPORT Fiscal Year 2021 www.ctc.comBeyond understanding machine learningtechniques and algorithms, we are experts atapplying the right approach to address yourspecific needs.CTC’s experts are nationally recognized, trustedproviders of advanced cyber solutions.CTC ANNUAL REPORT Fiscal Year 2021 www.ctc.com13

TMENTERPRISE VENTURES CORPORATIONEnterprise Ventures Corporation (EVC) continues to face the global challengesof the coronavirus pandemic. In FY21, those challenges directly hit ouremployees and their families, our clients, and our partners. Our extremelyresilient employees balanced remote and in-office work as necessary throughoutthe year. We continued to focus on our goals of growing our EVC businessunits—manufacturing and sustainment, specialty coatings, and AGIS, our filetransfer cross-domain cybersecurity solution. Despite the year’s challenges, keymilestones were achieved within each of these business units and, ultimately, thisresulted in very positive results for the organization.Edward D. PeretinPresidentEnterprise Ventures CorporationWithin the manufacturing and sustainment group, new clients of our customaviation maintenance tools were added throughout the year, and sales of ourhelicopter bridge maintenance tool reached an all-time high. The first large-volumeorders of our innovative and breakthrough coating technology were receivedand delivered to multiple clients. Renewal rates for our cybersecurity softwareproduct, AGIS, is holding in the high 90s, and new users continue to be added toour pipeline and active users list. In addition to the milestones we realized in eachbusiness segment, investments were made in the evaluation and developmentof new technologies for incorporation into the EVC suite of product offerings.These new potential EVC products will offer additional opportunities as we look tocontinue EVC growth and alignment with CTC’s strategic objectives.Two Distinguished ProfessionalsJoin EVC BoardTwo highly accomplished executives have joined theEVC Board of Directors. The Honorable Kevin M. Faheyand Mr. John C. Tile were elected to the board in May2021. They both bring deep industry experience that willcomplement the existing board members.The Honorable Kevin M. Fahey iscurrently the President and ChiefOperating Officer of CypressInternational, a consulting firm thathelps industry support the Departmentof Defense (DoD) and other federalagencies. Prior to this position, he wasKevin M. Faheythe Assistant Secretary of Defensefor Acquisition, where he advised DoD leaders onacquisition matters and the development of strategic,space, intelligence, tactical warfare, command andcontrol, and business systems.EVC Board of DirectorsWe continue to promote all aspects of a safe and healthy working environmentbecause we know that our employees are the key to our success and thefoundation upon which future growth will be built. To each of our employees, alongwith our colleagues at CTC, our clients, and our EVC board members—includingthe recent additions, the Honorable Kevin Fahey and Mr. John Tile—thank youfor your tremendous contributions that you make to the EVC organization. I lookforward to another year of growth and success at EVC. This section of the CTCannual report features some of FY21’s highlights.Edward J.Sheehan, Jr.Chair14CTC ANNUAL REPORT Fiscal Year 2021 www.ctc.comMr. John G. Tile has held leadershippositions in engineering, logistics,and program management during his42-year career in the defense industry.He currently leads his own consultingcompany, LITE Advisors, LLC, andis an Adjunct Business Professor atJohn G. TileElizabethtown College. Mr. Tile spentthe majority of his career at BAE Systems, where he ledprograms and groups responsible for up to 2 billion inrevenue and consisting of up to 800 people worldwide.Russell C. DavisDirectorKevin M. FaheyDirectorDale M. MosierDirectorGary C. SlackDirectorJohn G. TileDirectorCTC ANNUAL REPORT Fiscal Year 2021 www.ctc.com15

ENTERPRISE VENTURES CORPORATIONSpecialty Coatings forMilitary in DemandEVC continues to fill orders for specialized militarycoatings, with long-term demand for this productexpected from numerous customers.

U.S. Air Force Col. Conway B. Jones, Jr. Director Retired U.S. Army Maj. Gen. Camille M. Nichols Director Retired U.S. Air Force Maj. Gen. John F. Phillips Director Director Gary C. Slack Director Sean P. Roche Director Retired U.S. Army Lt. Gen. Joseph Yakovac Robert J. Eyer, CPA Director E. Jeanne Gleason Director The Honorable Jeffrey K .

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