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Office Location
Research Staff
Our Group-Energy Market Research 

Our offices are just north of Boston, Massachusetts. We are an experienced team of energy market research professionals with extensive technology experience and broad industry contacts in these energy markets.

STS Research Group is a member of leading aviation, defense, energy, space, and unmanned organizations which serves purposely as an opportunity to stay closely connected with key industry players. 

The company has solid references from multiple top companies such as Huntington Ingalls, Lockheed Martin, BAE Systems, L-3, Vericor Power Systems and many others. 

Steve Shea, Senior Partner

Steve founded STS Research Group in 1999, armed with an extensive background in helping companies accelerate growth in new products and new markets in Aviation, Defense, Energy, Space., and Unmanned markets.

After graduating from Fordham University School of Economics in New York City, he served active duty with the U.S. Army infantry, eventually transferring over to US Naval Reserves flying anti-submarine aircraft.


His first position was on Wall Street with American Express Financial Services as Product Manager-New Financial Offerings. He then became Marketing Manager with American Cyanamid (a Fortune 100 energy and chemical process technology company now part of Cytec), and later Marketing Director in charge of new imaging solutions across a wide range of applications for Polaroid Corporation in Cambridge, Massachusetts.

He then moved to Vice President-Strategic Planning Marketing and Sales for Duncan Industries, a leading metals finishing company in the Boston area serving aviation, defense, energy, and space customers such as Raytheon, Textron, and other top firms.  

A natural entrepreneur, Steve launched out on his own in 1999, step by step assembling a research team and list of top clients, demonstrating in project after project the immense value of in-depth customer and subject matter expert engagement in all assignments.  

This has positioned the company to become an ongoing, global provider of custom market research and sales strategy projects for over 100 major technology clients. 

Sam Ximenes, Associate

Sam has over 30 years’ experience in the aerospace industry with NASA, DoD, international space programs, spaceports, and space exploration initiatives.

He has held executive management positions at Lockheed Martin, L-3, and Futron Corporation with responsibility for business-growth strategies in advanced programs and technology insertion for space systems. He has also been a business consultant for The Aerospace Corporation, and Space Architecture consultant for both Southwest Research Institute (SwRI) and the Korea Institute of Civil Engineering and Building Technology (KICT). 


In 2007, he founded XArc Exploration Architecture Corporation, a Space Architecture consulting services firm, providing multi-disciplinary architectural systems consulting in concept development, visualization, programming and planning of infrastructure and facilities associated with transportation systems ranging from ground transport to air and space modalities. 


He led systems’ integration and habitation efforts of international partner laboratory modules for the NASA Space Station program. He also led concept design, analysis and trades for NASA exploration initiatives and program studies for lunar outpost build-up sequencing, habitation systems and site planning for planetary surface systems, including mission planning, operations & utilization, and has developed Lunar Lander reusability assessments for lunar outpost systems. He has also supported NASA Science Mission Directorate with technical, management, and cost evaluation of space-science mission proposals.


This includes projects in commercial spaceport design and space systems development to service the commercial spaceflight industry and development of space exploration initiatives for planetary surface systems for habitation and human settlement. 

He was also a member of the design team for Spaceport America, United Kingdom spaceport site assessments, and led the effort developing the economic and business case for viability of the Houston Spaceport for the City of Houston.

Jim Henry, Associate

Jim has extensive engineering, sales and operational experience in the aerospace, gas turbine and turbomachinery fields. 


His areas of expertise include:  Maintenance Repair and Overhaul (MRO), engine performance and testing, predictive maintenance, reliability engineering, root cause analysis, Lean and Six Sigma methodologies, market assessments, conceptual selling and competitive analysis.

Some of the key positions Jim has held include:  President of Concepts NREC; VP Sales and Aftermarket, VP Engineering and Chief Engineer at Vericor Power Systems;  VP Strategy, VP Services and VP Engineering at StandardAero. 


He served as an aerospace engineer in the Royal Canadian Air Force and held the position of Aircraft Engineering Officer for Canada’s CF-18 aircraft fleet.

Jim holds an MBA from The University of Tennessee as well as Master’s and Bachelor’s degrees in Mechanical Engineering from The Royal Military College of Canada.  He is a graduate of the Canadian Forces Command and Staff College.


In addition, he has attended formal training in: aircraft accident investigation, project management, conceptual selling, engine health monitoring and process redesign.

Peter T. Mahal, Associate

Peter has wide ranging experience in various aviation and aerospace market technologies, market strategy, and new market development for both commercial and military applications. This includes extensive work with FAA, R&D initiatives, intellectual property, and related areas.


After graduating from Pennsylvania State University, he joined Gulf+Western Advanced Development and Engineering Center as Marketing Specialist, Military Arresting Systems Group. He was then assigned Regional Sales Director for Southeast Asia and Pacific, followed by appointment to Director, Marketing and Sales for Worldwide Military Arresting System. During this time, he earned his MBA from Temple University.


In 1994, he was assigned responsibility to develop a commercial aircraft arresting system product. Under his leadership, the product was successfully tested and validated under a Cooperative Research and Development Agreement with the FAA.


In 1999, he was appointed President, EMAS Division which was created to commercialize this new product. In 2013 he became President & CEO of Zodiac Aerospace’s Arresting Systems Division, with responsibility for marketing, engineering, and manufacturing facilities in France and the US.


He has been named inventor on 12 patents, received multiple awards from the Air Traffic Controllers Association, the FAA Northeast Region, the Aircraft Rescue and Fire Fighting Working Group, and the New York Association of Consulting Engineers.


Peter was also awarded the Elmer A. Sperry Award in recognition of his seminal work and continuing contributions to aviation, and is a recipient of The Murray P. Koch Award for making significant contributions in the advancement of technology for safety and survival applications.

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