Millennium Cell Inc.

John R. Wallace joined Xantrex as Chief Executive Officer in November 2005 after serving as interim CEO since July 2005. Wallace has been a Director of Xantrex since May 2003. Since 2002, Wallace provided management, business and technology consulting services to a number of companies in the alternative energy and power electronics industries. From November 2004 until May 2005, Wallace was interim Chief Executive Officer of AVESTOR, a developer and manufacturer of a lithium-metal-polymer battery, based in Boucherville, Quebec and from 1982 to 2002, Wallace worked for the Ford Motor Company, where he spent more than a decade helping Ford become the world's largest producer of alternative fuel vehicles. His final assignment with Ford was serving as Executive Director of THINK Group, where he was responsible for the development of hybrid electric, fuel cell electric and battery electric vehicles. Prior to Ford, John was a leader in microprocessor development in high growth technology companies such as Texas Instruments and Intel. Wallace serves on the Boards of Millennium Cell, Enova and serves other associations including acting as the director of the Electric Drive Transportation Association. He has also been named as Chief Technical Advisor to the China/UNDP Fuel Cell bus program. Wallace holds a Bachelor's degree in Electrical Engineering and a M.S. in Computer Science.