Prior to joining Fallbrook, he was the CFO, VP Finance and Secretary for Active Power, Inc. in Austin, TX. Active Power is a publicly traded (NASDQ) manufacturer of battery-free backup power systems with a manufacturing and test facility in Austin and regional operations centers in the U.K., Germany, and China. Mr. Penver began his career in 1985 with Deloitte & Touche, LLP first in Melbourne, Australia and subsequently in San Jose, CA. He then worked for Silicon Gaming, Inc. in Palo Alto, CA as Vice President, Finance followed by CFO positions at three Austin companies before joining Active Power in 2005.