"Management of Innovation for the Benefit of the Common Heritage"

Revised May 20, 2005

THE COMMON HERITAGE CORPORATION

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INTRODUCTION

The Common Heritage Corporation was established in 1990 by Dr. John P. Craven, for the purpose of developing environmentally sustainable ocean resources for the benefit of the Common Heritage. The Common Heritage was legally defined for the first time in the United Nations Treaty on the Law of the Sea, which came into force in 1994. The corporation was organized as a profit making corporation of the State of Hawaii, its mission is to establish self-sufficient environmentally, economically and culturally sustainable communities in coastal zones and islands having access to deep ocean water. Its ability to carry out this mission is based on the scientific, technical, legal and organizational experience and abilities of the Officers and the Board of the Common Heritage Corporation and associated colleagues with special expertise. Its work is enhanced by its developmental facility at the Natural Energy Laboratory of Hawaii (NELHA) and the other facilities of that Laboratory for the conduct of pilot and prototype studies.

Dr. John Craven

From 1990 until 1995, the Common Heritage Corporation was essentially a "one person" operation dedicated to the assemblage of components for the demonstration of a self sufficient system or systems which would meet the criteria of the corporate mission. Success in this regard was achieved in the summer of 1996. At that time, a new management team was assembled having the totality of expertise, experience and dedication required for the conduct of the business of CHC. Over a period of time Craven removed himself from the management structure and placed all of his stock in a blind trust. It has always been his management view that the innovator will inevitably be biased in favor of his particular version of the innovation and such a bias will inevitable result in a distortion of the systems to be developed which utilize in whole, or in part, his innovations. For this reason his only legal connection to the Common Heritage Corp. is through his employment as its Chief Scientist (a staff technical advisory position) Nothing in this web site is to be construed as representing the official policies and programs of the Company or the validity of its representations to contractors and funding agencies. Craven is not an agent of the Common Heritage Corp. Even so the current structure and historical development of the corporation established it as unique in the world with respect to its ability to effectively and efficiently manage the development of Deep Ocean Water as a Resource.

The Common Heritage Corporation is not funded by any grants or study projects and is organized as a profit making corporation. This is done NOT with profit as the sole motive, but rather to eliminate the bureaucracy, red tape, and regulation that is associated with non-profit government sponsored sources of income. Indeed, these sources of income generally result in an overhead burden that ultimately has to be passed on to the developer. It is therefore necessary that the cost of services rendered by the CHC be borne by the recipient of its advice and management activities. It was the practice of Common Heritage to request a retainer of $5,000.00 and a monthly fee of $1,000.00 during the formative phases of a new project (usually six months but never more than a year). This fee will cover all administrative and direct costs of CHC with respect to the project except for such travel and per diem as may be required or for special projects or studies which are peripheral to the establishment of the project. This contract can be initiated by the simple expedient of a retainer made out to the Common Heritage Corporation.

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CONTACT: COMMON HERITAGE CORPORATION

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