Dr. Schwartz has a Ph.D. in Physics and has been Chief Technical Officer ("CTO") and a director of the Company since it emerged from Chapter 11 proceedings on January 31, 2006. He is one of the original founders of the Company and was a member of Aura's executive management team from1987 until 2002 as Executive Vice President, CTO and director. Dr. Schwartz has been involved
in all technical aspects of the Company and his technical knowledge and experience in magnetics, electronics and controls have been instrumental in many of our past and present government programs. From 2002 to 2006 Dr. Schwartz was a principal in the business-consulting firm Aries Group Ltd. Prior to founding Aura; he worked at Hughes Aircraft Company as a senior scientist. Dr. Schwartz provides the Board with a clear understanding of the technical issues and challenges as well as an understanding of the technical merits of our IP. In addition he is instrumental in helping the Board understand the research and development budgets necessary to achieve our technical objectives.