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Mr Lorenzetti has served as a director since February 2007. Since 2002 he has served as president of Titan Partners LLC a private equity and technology commercialization investment firm since 2002. He is a founding member of HFI a privately held investment company based in the United Kingdom. In the past he served as an executive within the financial sector and advised boards and principals of public and private companies on capital formation marketing and strategic planning issues. Mr. Lorenzetti is an investor in several biotech companies and numerous early stage technology and biotechnology companies such as Nomadix a company recently acquired by Maginet. Mr Lorenzetti has been active investor and advisor in oil and gas exploration projects around the world over the last three years. The most recent project involved several concessions in a farmout agreement in East Africa aggregating more than 10 million acres between two privately held companies. Mr. Lorenzetti majored in Economics at Stanford University. Mr. Lorenzetti currently serves as our Lead Independent Director and as a member of our Audit Committee and as a member of our Compensation Committee. | 