Lilliputian Systems was founded by former researchers of the world renowned Massachusetts Institute of Technology (“MIT”) Microsystems Technology Laboratory (“MTL”). The Company, headquartered in Wilmington, Massachusetts, secured exclusive licenses from MIT and Lawrence Livermore National Laboratories (“LLNL”) for certain aspects of the technology and obtained initial funding in 2002. Initially, Lilliputian remained heavily focused on development, testing and validation of its core technology. More recently, the Company built a small-scale pilot manufacturing facility and embarked on development of its initial prototype products. In June, Lilliputian completed the development of its product prototype on schedule, and the Company is currently testing devices and signing commercialization agreements with select customers. Jim Goldinger is on the Board of Directors.