Steven Morrell is an independent member of the Board of Directors. He has a comprehensive experience in international venture capital investing in life sciences, industrial, materials technology and aquaculture sectors. He also has comprehensive senior leadership experience with highly profitable, multi-national corporations in technology, pharmaceutical and biotech industries in international business environments.

Steven Morrell's experience includes full P&L responsibility for budgeting, new product introduction, strategic planning, labor relations, production, sales, marketing, competitive analysis and financial forecasting; consistently selected for special business efforts in new market penetration. He has hands-on knowledge of mergers, acquisitions, divestitures, technology transfer, product licensing, distribution channels, new business start-ups, process reengineering and various quality initiatives. He also has extensive background in cross-cultural staff supervision throughout Western Europe, Eastern Europe and Russia; fluent in German and Norwegian; familiar with Russian.

Steven Morrell is currently employed as Managing Director and Part Owner of Teknoinvest AS, Oslo, Norway and Teknoinvest in New York, USA.

He serves as Chairman of the Board of Directors of Marical, Inc. (USA), Low Salinity, Inc. (USA) and Cidra Corporation (USA) as well as a member of the Board of Directors of QuNano AB (Sweden), Glo AB (Sweden) and Sol Voltaic AB (Sweden).