“Seafarer Exploration is very pleased to announce the addition of James Toreson to our advisory board. Mr. Toreson’s highly regarded and groundbreaking experience spans decades and helps extend the capacities and outlook of Seafarer. Mr. Toreson’s impressive career is as deep as it is broad. From advertising and automation to mergers, marketing and motors to software and solar to unified messaging and UNIX — it might be easier to name industry sectors he hasn’t pursued than the many fields and industries where he has successfully practiced. Mr. Toreson will be the director of special projects and will lead our growth into a Seafarer-owned quantum-resistant computer for our nation’s and the world’s benefit. This dauntless endeavor will further our engagement in technology and continue to build shareholder value. We look forward to adding his talents to ours as we continue to close in on history-making success in the marine exploration, salvage, and conservation industry. Welcome aboard, Mr. Toreson!”
– Kyle Kennedy, CEO
Seafarer: What is your background?
James Toreson: I have over 30 years of experience as a serial entrepreneur in the field of high-tech specializing in start-up, turn around, and growth-stage companies. Key to this leadership was the development of creative business plans, which incorporated optimal capital structures such as: IPOs, secondary offerings, private placements, asset-based financings, acquisitions, divestitures, strategic partnerships, and Far East joint ventures with major companies located in Japan, Korea, Taiwan, and the People’s Republic of China. I have “hands-on” experience in the execution of business plans including product development, marketing, manufacturing, quality control systems, and business finance.
Early in my career, I made leading-edge technical contributions in the fields of integrated circuits, computer design, laser scanners for the supermarket, computer peripherals, hard disk development, including thin-film heads, thin-film media, embedded controllers, and computer-aided design and manufacturing. These achievements were made during my tenure at world-class companies including Xebec, Hewlett-Packard, Spectra-Physics, and Bell Telephone Laboratories. At Xebec, I led the creation and management of a state-of-the-art automated factory in Nevada that employed over 1,000 employees (the largest industrial factory in Nevada). This plant produced disk drives, controllers, and other components for the IBM PC industry and consistently won the top-quality awards from IBM, Dell, and HP using statistical process controls.
My recent activities include the design and deployment of utility-scale solar PV power plants, AI and IoT-based bioinformatics in the healthcare field, and research and deployment of cannabis-related technologies. I also sit on the board of several companies, both public and private, serving as chair of audit and compensation committees.
I am an honors graduate of the University of Michigan with a BSEE and MSEE and was awarded a Doctorate of Science from the University of Nevada. I have done post-graduate work in computer engineering (Ph.D. EE) at the University of Pennsylvania, the University of Santa Clara, and the Graduate Study program of Bell Telephone Laboratories. I was inducted into the engineering honor societies of Tau Beta Pi and Eta Kappa Nu.
With your specialized skills and talents, please tell us why you choose to work with Seafarer.
Seafarer is exactly the kind of company that fits my track record and skill-set since it is: (a) a high-tech company with technological needs, (b) on the cusp of very rapid growth with the attendant need of operational management, (c) a company whose growth will need capital to fund the increase of fixed assets and working capital, and (d) a public company which needs talent and expertise to deal with legal and regulatory matters as well as the need to rapidly grow shareholder value.
What are your goals and ambitions with Seafarer?
At my very core, I am a high-achiever and have been my entire life. Accordingly, I want to contribute to areas that are key to achieve a rapid increase in stable, shareholder value. With that in mind and using management by objectives (MBO), job one is to establish the objectives, strategies, and tactics of the company. Next, the tactical plan needs to be prioritized. I would then like to take responsibility for some of the high-priority items that best match my talents and skill set.
Where do you see Seafarer in five years?
The five-year vision for Seafarer is to achieve the top market share position for each business unit of the company while concomitantly achieving exceptional growth and stability in shareholder value.