Management

MTI Micro has assembled a world-class executive management team to capitalize on its more than 10 years of involvement in the fuel cell industry, guide its evolution and execute its micro fuel cell product commercialization strategy. The current management’s base of knowledge and experience spans a diverse range, reaching from preeminent scientific discovery to rapid production scale-up to successful product launches. MTI Micro’s leadership includes not only prominent scientists credited with pioneering work in fuel cell development, but also nationally recognized business and government figures.

Peng K. Lim
President and Chief Executive Officer
Mr. Lim, a Director of the board for MTI and MTI Micro and President and Chief Executive Officer of MTI Micro since May 8, 2006 became Chief Executive Officer of MTI effective December 1, 2006. Prior to MTI Micro, Peng served as the President and CEO of Tapwave, Inc., a company he founded. He was behind the development of the Zodiac, a portable electronic multimedia device that won multiple awards including, "Best Gear" by Time Magazine in 2003. Prior to Tapwave, Peng served as Vice President, Worldwide Product Development for Palm Computing where he was responsible for directing the entire life cycle of product development and engineering for Palm handheld products, operating system and application software. While at Palm, he helped capture 75% worldwide handheld operating system and 65% PDA market shares and quadrupled annual revenues to greater than $1.5 billion. Peng was also part of the executive team that led Palm to a successful IPO in 2000. Prior to Palm, Peng was VP of Engineering at Fujitsu Personal Systems where he introduced industry-leading pen-based and wireless computers that captured a 56% market share. Prior to his tenure at Fujitsu, Peng served as Engineering Platform Director at Texas Instruments and as Director of Advanced Portable Engineering at Zenith Data Systems. In both positions he introduced important innovations in state-of-the-art portable computers. Peng serves as a member of the Board of Directors for Novatel Wireless, a leading 3G wireless solutions company since 2001 and Board of Advisors for Inventec Appliances, a multibillion dollars ODM company since 2006. Peng holds a B.S. and a M.S. in Electrical Engineering from University of Windsor (Ontario, Canada) and a Master of Engineering Management from Northwestern University. Peng is an alumnus of the Stanford Executive Program for Growing Companies at Stanford University.

Steven N. Fischer
Chairman
Mr. Fischer, a Director since 2003, became Chairman effective September 1, 2004. Mr. Fischer previously served as Chief Executive Officer of MTI from September 1, 2004 through November 30, 2006 and Chairman of the Audit Committee from September 12, 2003 through July 29, 2004. Since March 4, 2004, Mr. Fischer has also served as a director of MTI Micro. Mr. Fischer was Chief Executive Officer of New York-based professional services firm UHY Advisors NY, Inc., formerly Urbach Kahn and Werlin Advisors Inc., and UKW P.C., a certified public accounting firm, from 1985 to December 31, 2001 and Chairman through July 31, 2004. Mr. Fischer joined Urbach Kahn and Werlin P.C. in 1971. Mr. Fischer holds a J.D. degree from New York University, a B.B.A. degree from the City College of New York and is a Certified Public Accountant.

Jim Prueitt
Vice President of Engineering and Operations
Since joining MTI Micro in April of 2006, Mr. Prueitt has led the system design for the Company’s consumer direct methanol fuel cell technology platform. Effective November 5, 2007, Mr. Prueitt was appointed Vice President of Engineering and Operations where he will manage research and development, purchasing, quality, operations, and program management to drive all platforms toward commercialization.

Prior to MTI Micro, Mr. Prueitt was Divisional Vice President of Hardware and Software R&D at Polaroid Corporation, where he introduced diverse new technologies and helped launch a number of products in media, hardware, digital cameras and digital printers. Mr. Prueitt spent over 20 years at Polaroid leading the design, development and delivery of multiple consumer products which resulted in over $1B in operating revenue. Mr. Prueitt also led, directed and managed operations for Polaroid’s Instant Digital Printing (IDP) division, which comprised of a group of 250 of Polaroid’s best R&D, operations, and business members to create a high-volume, new digital imaging and printing business unit. As a senior leader of the division, he led all operations, source selection, supply chain, service and program management efforts.

Mr. Prueitt has commercialized over 20 different consumer products and has shipped over 10 millions production units in his career, holds two published, pending patent applications for inventions related to digital printing, and is a Six Sigma Champion. He also holds a Masters in Business Administration from the University of West Florida, and a Masters of Science in Mechanical Engineering from the University of Kentucky.