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Board

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Horacio Furman

Non-Executive Director

Horacio Furman is the CEO and founder of Prideway Holdings Ltd. And of Estevan International, Ltd., a telecommunications equipment marketing company that developed substantial new markets, primarily for Israeli high tech companies. Mr Furman previously was Executive Vice President for Projects at UDI, Inc., a trading company, where he was head of the China operations. Prior to that, Mr Furman held positions in Production and Marketing at ISCAR, Ltd. Mr Furman holds a B.Sc in Mechanical Engineering and a M.Sc in Materials Engineering from the Technion, Israels Institute of Technology, and an MBA from INSEAD, the European Institute of Business Administration in Fontainebleau, France.

David Rubner

Non-Executive Director

David Rubner has served on our board of directors since 2001. Mr. Rubner is Chairman and Chief Executive Officer of Rubner Technology Ventures Ltd., a venture capital firm, and is ageneral partner at Hyperion IsraelAdvisors Ltd., a venture capital fund.Prior to founding Rubner Technology Ventures, Mr. Rubner served as President and Chief Executive Officer of ECI Telecommunications Ltd., a provider of telecommunications networking infrastructure solutions from September 1991 to February 2000. Prior to his appointment as President and Chief Executive Officer, Mr. Rubner held various managementpositions at ECI Telecom. Mr. Rubner serves as a member of the boards of directors of Check Point Software Technologies Ltd, Elbit Imaging Ltd., Radware Ltd. and a number of private companies. Mr. Rubner is also a member of the Board of Trustees of Bar-Ilan University and Shaare Zedek Hospital. Mr. Rubner holds a B.S. in Engineering from Queen Mary College, University of London and an M.S. in Electrical Engineering from Carnegie Mellon University, and he was a recipient of the Industry Prize in 1995

Guy Levit

Executive Director, CEO

Guy Levit was appointed chief executive of the Subsidiary in July 2002. and was one of its founders in 1999. Prior to his current position he held various sales, marketing and operational positions within the Group. From 1996 until 1999 Mr. Levit was the head of the planning and development department of an elite technical unit in the Intelligence corps of the Israeli Defence Force (I.D.F). In this role Mr. Levit was in charge of budgets, project management and the design, development, implementation and maintenance of organisational, managerial and logistical information systems. Previously Mr. Levit was an engineer in the I.D.F R&D subdivision.

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