Nuvo Research Inc.

Daniel N. Chicoine, CA - Chairman
Since 1982, Mr. Chicoine has held various positions at the Magna group of companies, including President and CEO of Atoma International Inc. While Mr. Chicoine was the CEO of Atoma, he succeeded in growing its business from $300 million per annum to $1 billion and effected a major restructuring. In May 1994, Mr. Chicoine formed Triam Automotive Inc., an automobile parts supplier, with other former executives of Magna and, in July 1994, was instrumental in assisting the company in completing an initial public offering. While at Triam, he acted as Vice Chairman in charge of sales. After leaving Triam in 1996, Mr. Chicoine, along with two other former executives of Magna, formed Nighthawk Investments, a small investment company. Mr. Chicoine has also served as the President of PowerCart Systems Inc., a Markham-based private company that designs and manufactures battery-equipped workstations that power devices with wireless communication capability. Mr. Chicoine is a chartered accountant by profession.

Dr. Henrich R.K. Guntermann, MD, MSc - President and CEO
President and CEO, Nuvo Research Inc. Dr. Guntermann has more than 10 years of experience in the life sciences sector (including business development, restructuring and corporate financing). With a group of distinguished life sciences entrepreneurs, he founded BioAlliance AG, a German-based life sciences private equity and consulting firm. BioAlliance was formed to capitalize on the early stage development of the life sciences industry in the European Union, by developing life sciences companies and leveraging their technologies and products worldwide. Through its established international network, it brings together life sciences companies in the United States, Asia and Europe to foster growth through alliances. In addition, BioAlliance consults for international life sciences companies (pharmaceutical, medical devices, diagnostics and agro-biotech) in different stages of development, including large scale players in the life sciences sector and public institutions, such as city and state governments, the European Commission and the United Nations Industry Development Organization (UNIDO). Dr. Guntermann received his medical doctorate at the Philipps-University in Marburg, Germany. He also received a Masters of Science in Biology, with specialization in pharmacology/toxicology and human genetics.

John C. London, LLB, LLM - Vice-Chairman and Secretary
Formerly President and Chief Executive Officer, Powercart Systems Inc. Mr. London is also a partner in Nighthawk Investments, which currently has ownership positions in two private companies, including Powercart. Prior to establishing Nighthawk with his partners in 1997, Mr. London was co-founder and Executive Vice-President of Triam Automotive Inc., which eventually became public and was subsequently sold to Magna International Inc. From 1988 to 1993, he was Executive Vice-President and General Counsel at Atoma International Inc., Magna's interior systems group. Prior to joining Magna, Mr. London was a partner with the Toronto law firm of Strathy, Archibald and Seagram (now Gowlings). Mr. London is a graduate of University of Western Ontario law school and holds a Masters of Law Degree from University College London.

Jim Moulds, CA, MAcc, BA - Vice President, Finance & CFO
Mr. Moulds is responsible for overseeing the Company's overall financial activities and brings over 10 years of public company experience. Most recently he was the Senior Vice President, Finance for Tesma International Inc. ("Tesma"), a company listed on the TSX and NASDAQ, until it completed a "going private" transaction in 2005 and earlier had served in various capacities including Corporate Controller and Vice President, Finance and Treasurer. Mr. Moulds played an integral role on the executive management team that took Tesma public in 1995, growing its sales from $344 million to $1.7 billion in 2005 with operations on 4 continents. During his tenure he performed a key role in several public equity issues, debt financings, acquisitions and strategic planning. Prior to joining Tesma, Mr. Moulds worked in various financial capacities for Magna International Inc. and Ernst & Young LLP. Mr. Moulds holds a Master of Accounting from the University of Waterloo, where he also earned his undergraduate degree.