Medis Technologies Ltd.

Mr. Mejia brings a wealth of experience in the arena of manufacturing, logistics and distribution, procurement, supplier management, new product introduction and cash/margin improvement. After earlier working experience at Owens Illinois, IBM, and seven years at Ford Motor Company, he was Vice President of External Manufacturing at Nortel Networks. Mr. Mejia joined Lucent in 1999 as Vice President and Chief Procurement Officer and in 2001 rose to the position of President of the Supply Chain, Program Management and Customer Operations. At Lucent he had end-to-end responsibility for all operations and supply chain and was heavily involved in margin realization and significant cash improvements. His team was a key driver in the turnaround of Lucent and its return to profitability. His responsibilities spanned world-wide bases, over more than 50 countries with a high of over 40,000 people. At Lucent, he also developed numerous successful high level customer partnerships with service providers in many parts of the world including Telefonica, Tel-Mex, Digitel, Vivo, Verizon, Vodafone and China Telecom, among others. He created and implemented the first of its kind Supply Chain Bell Labs Research Center in Dublin, Ireland in coordination with the Irish Government and top Universities in Ireland. Upon the merger of Lucent and Alcatel, Mr. Mejia chose to leave and eventually joined Spansion, Inc. as Executive VP of Operations and later on as a consultant. He led close to 8,000 people world wide and was responsible for all company manufacturing, semi-conductor fabrication facilities, final assembly and test operations, distribution and information technology. In those capacities, he introduced two brand new technology nodes and products and redefined Spansion’s IT structure as well as is procurement, quality and supply chain organizations. During his extensive career, Mr. Mejia has been very active in entrepreneurial and M&A activities at Ford Motor Company, as well as the sale of Bay Networks to Northern Telecom, and the spin off of Agere and Avaya from Lucent. Most recently, he has been carrying out entrepreneurial activities including establishing Nuestro Banco, a successful retail community bank that addresses the evolving needs of the Hispanic Community in North Carolina as well as Univa Capital and Premier Management Group. Mr. Mejia serves on the Board of Directors of Pella Corporation and Liberty Property Trust Mr. Mejia earned a BS in Industrial Operations Engineering at the University of Michigan and MBA in Finance and Operations Research from Duke University’s Fuqua School of Business as well as an honorary doctorate from the W.P. Carey Graduate School of Business at the Arizona State University. He is the recipient of the “Ellis Island” Medal of Honor. He was named one of Hispanic Business Magazine’s 25 Corporate Elite for 2004 and 2005 and in 2003, Hispanic Engineer National Achievement Awards Corporation named him “Engineer of the Year."

Mr. Finkelshtain is the founder and General Manager of More Energy Ltd and the inventor of the DLFC technology. He is also CTO-New Energies for Medis Technologies, Ltd. Gennadi started his career in the former Soviet Union and worked up to the position of Chief Project Manager where he was responsible for establishing several energy systems and production facilities before immigrating to Israel. Once established in Israel, he was employed by Homesh Contractors where he managed and installed power systems at the Hadera power station in Caesarea, Israel and later he served as Production Manager at Limat, an electrochemical company in Israel. He established More Energy in 1998 with the vision of bringing novel technology into the fuel cell market. Mr. Finkelshtain received his M.S. degree in Power Engineering from Leningrad Technological Institute of Pulp and Paper Industries in 1981.

Mr. Fisher serves as Senior Vice President of Finance at Medis Technologies since February 2004, and was its Vice President-Finance from June 2000 until February 2004. Mr. Fisher has been Vice President-Finance and Secretary of Medis El since its inception in 1992 and is also Vice President-Finance of More Energy. From 1990 to 1992, he served as the Deputy Manager of Israel Aerospace for financial planning and credit management. From 1987 to 1990, he served as the Deputy Finance Manager of the Tamam Plant of the Electronics Division of Israel Aerospace. He has a MBA from the University of Tel Aviv and two BA degrees from Bar-Ilan University; one in accounting and the other in Economics and Business Administration.

Mr. Crea is the Chief Financial Officer for Medis Technologies. Formerly, Steve was the Chief Financial Officer and Treasurer of Risk Management Solutions, Inc., responsible for all financial, treasury and human resource activities. Before joining Risk Management Solutions, Inc. in 2008, Crea held the position of Chief Financial Officer and Treasurer for two years at Cooperative Business International, Inc., an international trading and processing company of high quality commodities. Steve also spent eight years with Insilco Technologies, Inc., a leading global manufacturer of electronic interconnect components, in leading financial and operational roles. Mr. Crea holds a degree in Accounting from The Ohio State University and an MBA from the University of Nebraska - Omaha.

Mr. Eiran serves as the Chairman of Biolight, a publicly traded company in the Tel Aviv Stock Exchange active in development of pharmaceuticals, clinical treatment technology and medical diagnostics. He also serves as Chairman of the Investments Committee of Clal Insurance Group, an Israeli insurance company. Since September 2004, Mr. Eiran has been Chairman and Chief Executive Officer of Tissera Inc., a biotechnology company involved in research and development in the field of tissue transplants. He also serves as a director of Deleck Oil Exploration. He served as Chairman of Atudot, a major Israeli pension fund, until April 2006. Through the summer of 2002, Mr. Eiran served as the Chairman of the Industrial Cooperation Authority, the agency in charge of the buy-back and offset programs of the State of Israel, for seven years. Mr. Eiran was Director General of the Prime Minister’s office during Yitzhak Rabin’s first term as Prime Minister. Prior to that, he was Director General and Chairman of Mivtahim, the largest pension fund in Israel. Mr. Eiran is also a director of Medis Inc. and Medis El.

Mr. Nahmoni has been the Chief Executive Officer and Co-Chairman of Petrus Business Development and Marketing since December 2003. He retired in June 2003 from the position of Vice President of Marketing and Business Development of Israel Aerospace, which he had held since 2002. Prior to that, he was the Vice President and General Manager of the Electronics Group of Israel Aerospace from 1997 and the Deputy General Manager of the Electronics Group of Israel Aerospace from 1995 to 1997. Prior to that, he was the General Manager of the Tamam Division of the Electronics Group of Israel Aerospace from 1992 to 1995. He is also a director of Medis Inc. and Medis El.

Over the past twenty years, Daniel A. Luchansky has served in various capacities with Merrill Lynch Investment Managers, most recently as a Director in charge of convertible investing for the Americans Fixed Income Division. In this capacity, Mr. Luchansky was responsible for making primary and secondary market investments in both public and private companies issuing convertible securities. Concurrently, Mr. Luchansky served as the senior analyst covering the Oil and Gas and Alternative Energy Sectors. Previously, Mr. Luchansky was Senior Portfolio Manager for the Merrill Lynch Convertible Fund, ML Convertible Holdings, the Global Convertible Fund, and the offshore Convertible Securities Portfolio. He also served as co-manager of the Merrill Lynch World Income Fund. Prior to joining Merrill Lunch, Mr. Luchansky was an Investment Officer, equity analyst and credit analyst for Wachovia Bank. He also served as co-manager of The Value Fund. Mr. Luchansky received his MBA from Monmouth University and his BS from Kean University.

Mr. Freeman is a consultant and private investor focused on strategic financial advisory activities, business development and capital raising opportunities. From January 2003 to September 2005, he was the Chief Executive Officer of Freeman Meyer and Associates, LLC, a financial advisory and consulting firm focused on strategic financial advisory activities, business development opportunities, turnaround situations and capital investment projects. From May 2001 to March 2006, Mr. Freeman served as an advisor to several private and public companies. In February 1994, Mr. Freeman founded Interactive Ventures Incorporated, a value added reseller of interactive voice response systems to the regional shopping center industry, and served as its Chief Executive Officer until the sale of the business in February 2001. He was also a founding director and shareholder of a major central station alarm company providing high level security to commercial businesses in New York City, a business that was sold in 1997. From 1989 through 1991, Mr. Freeman served as a Managing Director of Fuji-Wolfensohn Inc., a joint venture between James D. Wolfensohn, Inc., an international investment banking firm, and Fuji Bank. In addition, Mr. Freeman has served in other senior level management positions, primarily in the area of real estate investment banking, at Corporate Property Investors, Lazard Realty Inc. (a subsidiary of Lazard Freres & Co. LLC) and J.P. Morgan Investment Management Inc. Mr. Freeman is a founding member and Chairman of the Board of Replications Inc., a not-for-profit education organization committed to replicating successful public schools in new environments. Mr. Freeman received a Masters degree in Business Administration from Columbia University and holds a B.A. from George Washington University. Mr. Freeman is currently Chairman of our audit committee and a member of our compensation committee.

Steve M. Barnett joined our board of directors in April 2005 and became our non-executive Vice Chairman of Operations in May 2006. He is an investor in, as well as an advisor to senior management of, marketing, manufacturing and distribution companies on improving operations. For more than two decades, Mr. Barnett has been President and Chairman of CDC, Inc. whose principal activity is the acquisition and management of small- to mid-sized manufacturing and distribution companies. Since April 2000, Mr. Barnett has served as a Director and Chairman of the Audit Committee of UCN, Inc., a technology-based telephone company specializing in automated call distribution and call-center management, including a wide range of long distance, data transmission and related communication services. In addition, since October 2004, Mr. Barnett has served as a Director of Medis Technologies Ltd., a company specializing in advanced technology regarding unique fuel cell power packs for portable electronic devices. Mr. Barnett has also served as an advisor to senior management of Grayhill, Inc., a manufacturer of electrical systems, since May 1993, and Joseph A. Freed & Associates, a national real estate development company, since June 1998. He has been a Director of Bank Leumi USA since October 2001. He has also served as Vice-Chairman of the Board and Director of Chicago's Jewish Federation since 1997 and as a member of the Board of Governors for the Reconstructionist Rabbinical College since 2003. Mr. Barnett received a J.D. degree from the University of Chicago Law School and holds a bachelor's degree in Chemistry and Biology from Carleton College.