Arve Hanstveit has been as a member of ERI’s board and an investor in the company since August 1995. Mr. Hanstveit’s early investment in the company, his experience as an investment advisor and securities analyst, his understanding of global financial markets, the global desalination market, and his extensive knowledge ERI’s products make him a tremendous asset to the company’s board of directors. From 2006 to 2009, Mr. Hanstveit also served as a member of the board at Kezzler AS Prive, a privately held Norwegian company that delivers secure track-and-trace solutions to the pharmaceutical and consumer goods industry. His 20 years of experience as a professional investor and analyst includes serving as a partner, vice president and secretary of the board at A&G Sundel Collins, Inc., a Scandinavian investment bank. Mr. Hanstveit also sits on the board of the Norwegian American Chamber of Commerce and is a member of the New York Angels, an independent consortium of individual accredited angel investors that provides equity capital for early-stage companies in the New York City area. Mr. Hanstveit holds a bachelor’s degree in Business and Accounting from the Norwegian School of Management as well as a master’s degree in Finance and Marketing from the University of Wisconsin, Madison.