Powerboat company ExoTechnologies buoyed by chance meeting on a ski lift

Shane Mugan and Michael Silah met on the ski slopes in Colorado, when Mugan was at the early stages around the ExoTechnologies project.

A chance meeting on a chair lift while skiing in Colorado has brought together a former US Navy rear admiral and an Irish business recovery consultant to create a UK tech firm developing a fully recyclable and bullet-proof powerboat for a government agency.

The boat is being assembled in the UK using an innovative new hull design and composite material made by Isle of Man-based ExoTechnologies, led by founder and chief executive Shane Mugan, 48.

Jakob Helbig/Getty Images

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