develop and test a pilot for the manufacture of the orbital engine. In January 1992, General Motors displayed its newest concept car called the "Ultralite", incorporating OCP technology, as its centrepiece at the Detroit International Auto Show. In April 1992, another of the world's largest automotive manufacturers signed an agreement to take a licence for OCP technology. In other countries In 1991 it was reported that Orbital Engine Corporation entered into a licensing agreement with Fiat, an Italian car manufacturer. Despite initial interest, Czechoslovakian manufacturer, Škoda, withdrew from licensing negotiations in 1989, citing poor economic conditions in the country. Volkswagen terminated its agreement with Orbital in 1993, citing a softer European sales market. Other inventions In addition to the orbital engine, Sarich is credited with the following additional inventions: Earth moving scraper/scoop Initial Australian Water Watcher Special orchard cultivator Non-geared transmission for cars High pressure orchard spray pump Security Cable Gate – sold Australia wide Linear Wind Generator World's first two-speed reel for Marlin fishing Value and retirement As Orbital Engine Corporation sold its IP to manufacturers and the company did not manufacture engines, the success of Orbital was doubted. However, the company's financial success is reflected in the fiscal years 1989, 1990 (A$23.5m), 1991 and 1992 (A$22.75m). Orbital's capitalised value upon Sarich's retirement as CEO in 1992 was in excess of A$1 billion. Over A$200 million at the time in cash, receivables, and research value convertible to cash, were scheduled for commercial investment as insurance against excessive dependence on the auto industry. Sarich converted a component of the risk element into relatively secure investments in synergetic corporations as patents expired and related IP income ceased. Since his retirement, Orbital's new management invested retained earnings on further research. Sarich sold his equity for a reputed A$100 million. Following his retirement from Orbital, Cape Bouvard Investments (CBI) became the main focus for Sarich in his capacity as Executive Chairman of the private family investment company; while his son Peter is responsible for operations. CBI invests in numerous fields such as property investment, property development, technology and equities. Personal life Sarich met Patricia in 1957 and they married in September 1962. Her parents also migrated to Australia as little children from Britain after World War I. Patricia was born in Kellerberrin, Western Australia. They have two children, Peter and Jennifer (deceased). Sarich donated a considerable amount of the profits from the Orbital