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Mr. Grover has had a long history as a private investor in a number of successful companies. He most recently served as the non-executive Chairman of Halifax Corporation (AMEX), where he was a Director since 1985. He was Director of TransTechnology Corporation (NYSE) from 1969 to 1992 and the Axe-Houghton Group of Mutual Funds from 1982 to 1992. In addition, he continues to serve as director of several private companies. Mr. Grover was also, until recently, associated with Research Industries, Inc., a private investment company in Alexandria, Virginia, serving as Executive Vice President, Treasurer, CFO, and Director until December 2002, and then as President until July 2003.

His prior experience was with Atlantic Research Corporation of Alexandria, Virginia, one of the leading developers of rocket technology in the United States, where he served as Chemical Engineer in the Gaseous Combustion Group, Technical Assistant to the President, head of the Aerothermodynamics Group, and Financial Manager of the New Products Development Operation. Mr. Grover is the author or coauthor of several scientific papers and is co-holder of a patent on rocket motors. He is a graduate of Massachusetts Institute of Technology with B.S.and M.S. degrees in Chemical Engineering.