Board of Directors

Samuel HaCohen

Founder; Chairman of the Board of Directors, ViryaNet

samuel.hacohen@viryanet.com

Samuel I. HaCohen co-founded ViryaNet in March 1988. Since March 1988, Mr. HaCohen has served as our chairman of the board of directors. From March 1988 until February 2001, Mr. HaCohen served as our chief executive officer and as the chairman of the board of directors. Before co-founding ViryaNet, Mr. HaCohen held senior systems management positions at John Bryce Systems Ltd., a software company, and the Hadassah Hospital, Jerusalem.

Mr. HaCohen holds a Bachelor of Science degree in computer science and statistics from the Hebrew University of Jerusalem, and has completed all course work for a Master of Science in statistics from the Hebrew University of Jerusalem.

Vladimir Morgenstern

ViryaNet Director; ViryaNet Co-Founder; Senior Architect, EMC Software

Vladimir Morgenstern co-founded the company with Mr. HaCohen, and has served as one of the company's directors since July 1999. From November 1999 until October 2001, Mr. Morgenstern was the company's executive vice president, corporate programs. Mr. Morgenstern served as the company's technical manager and chief technology officer from March 1988 until November 1999. Before co-founding ViryaNet, Mr. Morgenstern held senior systems management positions at John Bryce Systems Ltd. and the Hadassah Hospital, Jerusalem. Currently, Mr. Morgenstern is a senior architect at EMC Software.

Mr. Morgenstern holds a Bachelor of Science degree in physics from Vilnius University in Lithuania, and has completed all course work for a Master of Science in applied mathematics.

Dr. Arie Ovadia

ViryaNet Director; Israeli Accounting Board; Israeli Security Authority

Dr. Arie Ovadia advises major Israeli companies on finance, accounting and valuations, and is a member of the board of directors of several corporations, including Israel Discount Bank, Phoenix Insurance Company, Elite Industries, Israel Petrochemical Industries, and Tadiran Communications. He has taught at New York University (New York, NY), Temple University (Philadelphia, PA) and, in Israel, at Tel Aviv and Bradford Universities. Dr. Ovadia serves as a member of the Israeli Accounting Board, and is a 14-year member of the Israeli Security Authority.

Dr. Ovadia holds an undergraduate degree and an MBA from Tel Aviv University, and earned his PhD in economics from the Wharton School at the University of Pennsylvania.

Nati Perry

ViryaNet Director

Nati Perry has served as a director of ViryaNet since December 2007.

Mr. Perry is the former founder and chief executive officer of Barak I.T.C., a leading ISP and telephony company, based in Israel. Prior to becoming chief executive officer, Mr. Perry also served as the chief operating officer and vice president of engineering since founding Barak I.T.C in 1997. Prior to Barak I.T.C., Mr. Perry was with the Israeli Air Force, since 1984, and served as the head of several departments of the Air Force, including communications, planning, and logistics.

Mr. Perry received his Bachelor of Science degree in electrical engineering from Ben-Gurion University of Negev, Israel in 1981, and his Master of Science degree in Teleprocessing from USM University in the United States in 1984.

Manuel Sanchez Ortega

ViryaNet Director; Chief Executive Officer, Telvent

Manuel Sanchez Ortega currently serves as a director and the chief executive officer of Telvent, the information technology subsidiary of Abengoa, S.A. of Spain.

From 2000 to 2001, Mr. Sanchez was the executive vice president of Telvent Energia Y Medio Ambiente, a subsidiary of Telvent focused on the energy and environmental markets. From 1995 to 1999, Mr. Sanchez was the managing director for Telvent Mexico. Prior to his tenure at Telvent Mexico, Mr. Sanchez served as a manager in Telvent Energia y Medio Ambiente.

Mr. Sanchez received a Bachelor of Science degree in electrical engineering from the Universidad Pontificia Comillas (ICAI) of Madrid, and a Master in Business Administration from the IPADE of Mexico.

Telvent, located in Madrid, Spain, is ViryaNet's largest shareholder.