FIRELAKE CAPITAL MANAGEMENT

TEAM

FRED KITTLER	MARTIN LAGOD
CANDICE EGGERSS	KELSEY B. LYNN

FRED KITTLER is a managing director and co-founder of Firelake Capital Management LLC. From 1996 to 2001, Mr. Kittler was the Co-President of Velocity Capital Management LLC, the investment adviser of the Velocity Technology and Communications Fund.

Previously Mr. Kittler spent eleven years at J.P. Morgan Investment Management Inc. in technology. He began his career at J.P. Morgan as a software analyst in 1985, then spent six years as the portfolio manager responsible for small capitalization technology and health science investments. Prior to that, Mr. Kittler spent five years as a sell-side research analyst, for First Albany Corporation, with an emphasis on advanced defense technology. Mr. Kittler's previous experience was as a systems analyst, programmer and production manager for Graphic Management Systems in New York

Mr. Kittler holds an M.A. in Economics from Columbia University and a B.A. in Architecture from Princeton University. He has served on the Visiting Committee for Advanced Technology at the National Institute of Standards and Technology, and on the Independent Review Panel of the Public Interest R&D program of the California Energy Commission.

fkittler@firelakecapital.com

MARTIN LAGOD is a managing director and co-founder of Firelake Capital Management LLC. Mr. Lagod is responsible for private company investments. He serves as a member of the board of Miasolé, Plextronics, Nano-Tex, and HydroPoint Data Systems. He is an observer on the boards of Pionetics, Sensicore, Solicore, Liquidia, and Nanostellar, all Firelake portfolio companies.

From 1997 to 2001, Mr. Lagod worked in the energy technology sector. He was the co-founder and CEO of Solo Energy Corporation, a start up energy technology company that developed microturbine and clean combustion reciprocating engines for the distributed power market.

For the previous 19 years, Mr. Lagod was an intellectual property attorney based in Silicon Valley. He was a partner in the Palo Alto office of Phoenix-based Brown and Bain until 1995 and at Cooley Godward LLP in Palo Alto from 1995 to 2001.

Mr. Lagod holds a B.A. in Economics (with Honors) from the University of North Carolina (Chapel Hill) and a J.D. from Vanderbilt University. He serves on the Advisory Board for the Center for Sustainable Enterprise at the Kenan Flagler Business School at the University of North Carolina, Chapel Hill.

lagodm@firelakecapital.com

CANDICE EGGERSS joined Firelake Capital Management as a Managing Director in July 2003. She specializes in public market investments.

From 2000 to 2003 Ms. Eggerss was a partner in technology hedge fund Camelot Capital, headquartered in Greenwich, Connecticut. From 1996 until she joined Camelot, Ms. Eggerss was a Vice President at J.P. Morgan Investment Management responsible for managing the J.P. Morgan Small Cap Opportunity Fund. From 1993 to 1996 she held various roles as analyst and research director as a partner at Weiss, Peck and Greer.

From 1990 to 1993 Ms. Eggerss was managing director at Equitable Capital. Ms. Eggerss has expertise in IT, telecommunications, and entertainment and media. Ms. Eggerss began her financial career as a securities analyst at Morgan Stanley in 1985. She received a B.S. degree from Stanford University and an M.B.A. from Columbia University Graduate School of Business.

candicee@firelakecapital.com

KELSEY B. LYNN s a principal at Firelake Capital Management who works on private investments in the cleantech sector. Kelsey works with portfolio companies in the solar, biofuels and energy storage areas.

Before joining Firelake, Kelsey earned her MBA at Stanford's Graduate School of Business, where she was president of the GSB Energy Club. Prior to business school, Kelsey was a technical researcher at Stanford's Global Climate and Energy Project, focusing on large-scale energy storage technologies and their potential to mitigate carbon emissions. Kelsey has also worked in Google's energy strategy group and with the Electric Power Research Institute (EPRI).

Kelsey graduated Phi Beta Kappa from Stanford University with a B.S. and M.S. in mechanical engineering (energy systems focus) followed by an MBA from Stanford's Graduate School of Business. She enjoys reading and loves playing basketball, football and rugby.

kelsey@firelakecapital.com