Martin Bandel has served as a director of our company since January 2007 and is a member of our audit committee. He also serves as a director of STARLIMS Europe Ltd. Mr. Bandel is an independent consultant and has a supervisory role at Manhattan Loft Corporation, where he served as chief financial officer from July 2000 to February 2008. From May 1993 to July 2000, Mr. Bandel served as the chief financial officer of the Cromwell Land Group at Charterhouse Plc (now part of HSBC). From January 1991 to September 1993, Mr. Bandel served as an independent strategic and financial consultant for several businesses. Mr. Bandel holds a diploma in accountancy from the City of London University and has been a member of the Institute of Chartered Accountants in England and Wales since 1982 and of the Chartered Institute of Tax since 1983.