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Ray Cardonne is our Chief Financial
Officer. Prior to joining the Company, he served as the Chief Financial
Officer and Treasurer of Refac Optical Group, a then AMEX-listed
company, from August 2000 until February 2007. Prior to joining Refac
in December 1997, Mr. Cardonne was a Vice President at Technology
Management & Funding, L.P. from December 1994 through November 1997.
Mr. Cardonne was previously employed by NEPA Venture Funds, an
early-stage venture capital firm, the Lehigh Small Business Development
Center, and Ford Electronics & Refrigeration Corporation. Mr. Cardonne
received his Bachelor of Science degree and Master of Business
Administration from Lehigh University.
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