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Joel A. Balbien, age 52, joined Kreido Labs as an employee in November 2006 as President, Chief Executive Officer and director and was appointed to those same positions with Kreido Biofuels, Inc. on January 12, 2007. Dr. Balbien has 25 years of experience in the energy technology sector and 10 years of experience with early stage growth companies. Dr. Balbien has served as a director of Kreido Labs since 1999. Dr. Balbien is the co-founder, and was a Managing Member from 2000 until January 12, 2007, of Smart Technology Ventures, a Southern Californian venture capital firm and significant investor in Kreido Labs. Dr. Balbien received M.S. and Ph.D. degrees in Economics from the California Institute of Technology in Pasadena, California, and earned a CFA credential from the CFA Institute. | 