Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Ramesh C. Trivedi resigned as President, Chief Executive Officer, Director and Chairman of the Board of Directors of the Registrant.

On July 18, 2007, Peter B. Mills, 52, was appointed Chief Executive Officer and President of the registrant. Mr. Mills will continue as a director of the Registrant.

Mr. Mills was appointed to serve as a Director of the Company in September 2006. Mr. Mills also serves as Vice President of Sales at Speck Design, a leading product design firm with offices in Palo Alto, California and Shanghai, China. He has spent 15 years selling sophisticated industrial robotics and automation systems with Adept Technology, the leading U.S. manufacturer of industrial robots, and Hewlett-Packard Company. He has also served as the Vice President of Sales at Softchain, an enterprise supply chain software company acquired in 2001. Mr. Mills has significant experience with respect to the design and manufacturing needs of a variety of industries including medical devices, disk drives, consumer products, food packaging, printers, computers and networking, and semiconductor equipment. He has extensive international business experience in Japan, Singapore, and Korea. Mr. Mills earned an MBA from Harvard Business School and a B.A. in engineering, cum laude, from Dartmouth College.

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