Wi2Wi ANNOUNCES THE APPOINTMENT OF MS.CAROL HESS TO THE BOARD OF DIRECTORS.
Common Shares: 145,752,418
TORONTO, ON / December 17, 2018 / Wi2Wi Corporation ("Wi2Wi" or the "Company"), a leading global developer and manufacturer of end to end Wireless Connectivity Solutions, high precision Frequency Control, Timing, and Microwave Filter devices announces that Ms. Carol Hess joining the board of directors.
Carol Hess is a technology expert and sales & marketing executive with over 29 years of experience in the high-tech industry. Currently, she is the Vice President, Worldwide Workstation Product Management and Business Development at HP Inc. In this role, she is responsible for HP’s commercial Desktop Workstation and Mobile Workstation Products from the plan-of-record, through launch, and the end-of-life. Carol also drives a multimillion dollar OEM Business for the organization. During her career at HP, Carol has held various executive management positions in Mobility, PC’s, and Notebooks where she was primarily responsible for business development, planning, launching, and sustaining activity of the various product lines. Previously, she held various management positions at HP and Compaq; Director of Strategy, Planning, and Operations for the Americas Region, Director of Industry Standard Servers in Europe, the Middle East, and Africa (EMEA), located in Munich, Germany.
Carol is currently on the Board of Directors of The Greater Houston Partnership and The Texas Diversity Council. She has served the Houston Attention Deficit Disorder Association (ADDA) as Vice President of the Board of Directors through 2016. She is an executive member of HP’s Houston site council and co-founder of HP’s Women Employee Resource Group. Carol has received numerous civic and professional honors that include “Houston Power 50” award from the National Diversity Council in 2018; “Top 15 Business Women of Houston” award from the National Women’s Council in 2017; Houston Women’s Magazine “Top 50 Most Influential Women of Houston” award in 2013; Association of Women in Computing (AWC) award for “Leadership in Technology” in 2005. She is also a public speaker and a community organizer. Carol holds a Masters of Business Administration Degree in Marketing and Management Information Systems (MIS) from The Owen Graduate School of Management at Vanderbilt University and a Bachelor of Arts in General Business from Michigan State University.
“The Company welcomes Ms. Carol Hess to the board of directors. Her experience and knowledge in the high-tech industry will definitely help the Company in its future product development and growing the Company” said the Chairman of the Board Mr. Gary DuBroc.
For further information, please contact:
Chief Financial Officer
608 203 0234
About IoT and M2M
Essentially, IoT and M2M describe the network of physical objects or "things" embedded with electronics, software, sensors, and network connectivity, which enables these objects to collect and exchange data. Driven by several factors including the growth in the availability of Broadband Internet, which reduces the cost of connecting, and the related increase in Wi-Fi capabilities as well as sensors built into myriad technologies, this has been described as the “perfect storm” for the IoT. Almost any device with an on and off switch that can be connected to the Internet (and/or to each other) – anything from cell phones, coffee makers, washing machines, headphones, lamps, wearable devices, cars, as well as machine components in the engine of a jet airplane or the drill of an oil rig. According to analyst firm Gartner, by 2020 there will be over 26 billion connected devices. Others think this figure could be too conservative by a factor of four.
About Wi2Wi Corporation
Wi2Wi is a vertically-integrated technology company which designs, manufactures and markets high performance, low power wireless connectivity solutions, global navigation satellite system (GNSS) modules, and frequency control devices. The Company's products and services address numerous applications in the markets of Internet of Things (IoT), Machine to Machine (M2M), Avionics, Space, and Government Sponsored Projects. Wi2Wi's products and value-added services provide highly integrated, rugged, robust, and reliable multiprotocol wireless actuators with embedded software, along with customized timing and frequency control devices for customers, worldwide. The Company was founded in 2005 and is strategically headquartered in San Jose, California with satellite offices in Middleton, Wisconsin and Hyderabad, India. Wi2Wi's manufacturing operations, its laboratory for reliability and quality control, together with design and engineering for timing and frequency control devices are located in Middleton, WI. The branch office, located in Hyderabad, India, focuses on the development of wireless connectivity; both hardware and software. Wi2Wi's strategic objective is to service the unique needs of each customer by providing end to end wireless integration solutions and highly customizable timing and frequency control devices. Wi2Wi distinguishes itself from commodity grade products, with best in the market performance, highly reliable, low power wireless connectivity products with integrated software that supports broader temperature ranges and a longer product life cycle. Furthermore, Wi2Wi's end to end product solutions helps the customer substantially reduce their end product expense, certification cost, and overall R&D investment, in addition to substantially reducing the time to market. Wi2Wi has partnered with best in class global leaders in technology, manufacturing, and sales. The Company uses a wide network of manufacturer's representatives, worldwide, to promote its products and services, and has partnered with world class distributors for the fulfillment of orders along with direct sales.
Forward-Looking Statements: This news release contains certain forward-looking statements, including management's assessment of future plans and operations, and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Such risks and uncertainties include, without limitation, risks associated with the ability to access sufficient capital, the impact of general economic conditions in Canada, the United States and overseas, industry conditions, stock market volatility. The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Company will derive there from. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect the Company's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com). Forward-looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking statements and if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.