Theta Chi - Worcester Polytechnic Institute

alumni.oxepsilon.org EBA Financial Facts MORTGAGE: Principle Balance: $392K Interest Rate: 5.25% Monthly Payment: $5,925 Property Tax: $16K/yr ANNUAL INCOME: $156K chapter rent $8K+ alumni donations ANNUAL EXPENSES: Mortgage: $71K Property Insurance: $13K OmegaFi Alumni Services: $5K Misc.: $5K Routine Maintenance: $30K Capital Projects: $30K - $100K COMPLETED PROJECTS: 2018 New Windows: $75K 2018 Room Renovations (3 per Year): $25K 2018 Pipe Break Repairs: $36K PLANNED PROJECTS: 2019 New Exterior Siding: $160K - $200K 2019 Room Renovations (3 per Year): $25K 2020+ Roger Perry Library Renovation: $200K Congratulations to Jeff Smith '93 for receiving the Alumni Award for Outstanding Achievement by the Chapter at Homecoming 2018. Jeff was in attendance to accept the award along with several peers, includ- ing Chris Weeks '91, Jim Dowd '93, and Todd Miller '90. Just after dinner at the house, Jeff accepted the award and shared a few inspiring words with the attendees about his path to success and the role eta Chi played along the way. Graduating in 1993, Jeff landed his first career job at GE Aerospace in Pittsfield, Mass., in the field of engineering. rough a series of mergers and acquisitions in the defense industry, he transitioned to work for General Dynamics in the Advanced Information Systems organization. He served for 16 years in program management and ended up in the advanced programs group, a forward-looking specialized group comprised mostly of retired Navy captains and admirals. Jeff took his experience and vision to Bluefin Robotics in 2008, where he was hired as the director of programs. He led several major product development efforts that contributed to significant company growth, including the largest AUV (autonomous underwater vehicle) program on record. Subsequently, Jeff was promoted to COO. Sometime later, Jeff's innovative vision and the parent company product strategy diverged. To capitalize on a key unaddressed market opportunity, Jeff courageously left the company to create his own venture. In 2015, he launched Riptide Autonomous Solutions. Hiring some key industry players, as well as some talented fellow eta Chis, Jeff started building small AUVs in his kitchen. e fledgling company has now delivered over 100 AUVs and has locations in Somerville and Plymouth, Mass. Led by Jeff and his team, Riptide Vehicles changed the industry by offering greater capabilities at much lower prices than the competition. e company designs the next generation of unmanned underwater vehi- cles (UUV) and other autonomous marine robots for defense, research, and exploration of our world's waters. To read more about Riptide Autonomous Solutions, including industry awards, please check out the com- pany LinkedIn page: www.linkedin.com/company/riptide-autonomous-solutions. Congratulations to Jeff on a well-deserved recognition and Chapter award! Fraternally, Chris Weeks '91 Alumni Award for Outstanding Achievement 2018 RECIPIENT - JEFF SMITH '93 Jim Dowd '93 holding a Riptide vehicle with Jeff Smith '93.

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