In connection with his appointment as a Company director, a stock option to purchase 20,000 shares of the Companys common stock, $0.01 par value per share (the Common Stock), was granted to Mr. Wood pursuant to the Companys Second Amended and Restated 1997 Director Stock Option Plan, as amended, with an exercise price equal to $10.67 per share of Common Stock. This stock option vests as to 50% of the shares of Common Stock thereunder on December 1, 2007 and as to an additional 50% on December 1, 2008. Additionally, Mr. Wood will be entitled to equity and cash compensation for his services on the Board unde r the Companys non-employee director compensation policies.

Since 2003, Mr. Wood has been the chief executive officer and a director of Analogic Corporation (NASDAQ: ALOG), a leading designer and manufacturer of medical imaging and security systems. He will retire from both of these positions effective December 31, 2006.

Prior to joining Analogic in 2003, Mr. Wood, 63, held senior executive positions over a 22-year career at Thermo Electron Corporation. Most recently, he served as president of Peek Ltd., a division of Thermo Electron Corporation, and as a senior vice president of the parent company. He previously served as president and chief executive officer of Thermedics, a subsidiary of Thermo Electron. Mr. Wood earned a Bachelors degree in Electrical Engineering from Louisiana Tech University and a Masters degree in Electrical Engineering from the Massachusetts Institute of Technology.