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Dr. Guenter Jaensch became a Director of the Company in December 1997. Dr. Jaensch serves as President of Jaensch Enterprises a firm engaged in management and project consulting and serves as Chairman of the Board for Biophan Technologies Inc. For over 20 years he held executive positions with Siemens or its subsidiaries in Europe and the United States. Among his assignments were service as President of Siemens Communications Systems Inc.; President and Chairman of Siemens Corporate Research and Support Inc.; Chairman and Chief Executive Officer at Siemens Pacesetter Inc.; and head of the Cardiac Arrhythmia Division of Siemens AG Medical Group. Dr. Jaensch holds a Masters degree in Business Administration and Ph.D. degree in Business and Finance from the University of Frankfurt; he also taught business at the University of Frankfurt. | 