Barksdale Capital Corp. (the company or Barksdale Capital) announced that it has entered into a memorandum of understanding effective February 24, 2016 to acquire GES Electric Aero Corporation (GES). In connection with the transaction, the board of directors of Barksdale will be replaced by Gerhard Schauble, Neil Maedel and Steve Tice.

Mr. Schauble will also be appointed President and CEO of Barksdale Capital and Mr. Tice as CTO. Mr. Schauble has been legal counsel to private technology companies since 1982 and has over thirty years of experience in the aviation industry as a licensed commercial pilot, a builder of experimental aircraft and developer of proprietary aviation technologies. Mr. Tice was the head of the engineering team that developed configuration design analysis and simulation for evaluating human and robotic related spacecraft hardware designs and procedures prior to prototype testing at Rockwell International Space Systems (now Boeing).

He was also the CTO and Executive Producer at Quantum Works a product development consulting company. He is the founder and CEO of EV Drive which designs and manufactures electric hybrid powertrain systems for the automotive Industry.