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

On September 6, 2012, the Board of Directors appointed Fabio Gobbo as a member of the Board of Directors. Mr. Gobbo does not have a family relationship with any of the officers or directors of the Company. There are no related party transactions reportable under Item 5.02 of Form 8-K and Item 404(a) of Regulation S-K. Following is a brief description of Mr. Gobbo's prior business experience:

Mr. Gobbo is the owner and manager of DECO Development & Cooperation KEG (Vienna), a company focused on the environmental sector. Prior to this, he was also manager of Energia System Technik GmbH, a company specializing in the energy-saving sector that offers a variety of technologies for the optimization of power consumption. He also has extensive experience in international trade and finance in the European Union as well as with Eastern Bloc countries. Mr. Gobbo has studied physics and economics at the University of Trieste.