MTI Micro - Company: Management

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
Chairman of the Board and Chief Executive Officer
Mr. Lim, joined MTI, its subsidiary MTI Instruments, and MTI Micro in 2006. Prior to MTI, Peng served as the President and CEO of Tapwave, Inc. where 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. Before Tapwave, Peng served as Vice President, Worldwide Product Development for Palm, Inc. 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. Before Palm, Peng served as 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 served as a member of the Board of Directors for Novatel Wireless, a leading 3G wireless solutions company from 2001 to 2007 and Board of Advisors for Inventec Appliances, a multibillion dollars ODM company since 2006. He 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 also an alumnus of the Stanford Graduate School of Business at Stanford University.

A Note About Forward Looking Statements and Other Legal Matters

Forward-looking Statements: The statements contained on this website which are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's beliefs, expectations, hopes or intentions regarding the future. Forward-looking statements on this website also include statements regarding MTI Micro's projections of development, schedule, launch date, performance and market penetration rates, comparisons of Mobion® DMFC performance and features to those of batteries and other competitors, MTI Micro's plans and progress for prototype and product performance and features, and any financial forecasts or market growth predictions. The Company assumes no obligation to update any forward-looking statement. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as for example: the Company's need for additional financing, MTI Micro's ability to successfully develop direct methanol micro fuel cells (DMFCs), competition from other products and companies, market and risks related to the Fletcher private placement, and OEM acceptance of DMFCs and the company's other products, early termination of MTI Micro's relationship with The Gillette Company, regulatory risks related to carrying methanol in the passenger compartment of airplanes, and the Company's ability to successfully introduce new products and maintain a technical advantage over its competitors. Readers should also refer to the risk disclosures outlined in the Company's filings with the Securities and Exchange Commissions on Forms 10-K and 10-Q.

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