|By Business Wire||
|January 10, 2014 01:00 PM EST||
Wi2Wi Corporation ("Wi2Wi" or the "Company") (TSX-V: YTY) (Common Shares: 81,544,306) is pleased to announce that it has promoted Simon Best, previously Sales Director for Europe, Middle-East and Africa (EMEA), to Vice President of Global Sales. Mr. Best joined Wi2Wi as Director of Sales, EMEA in 2008 and has achieved major design wins for Wi2Wi since.
Mr. Best has over 30 years of industry experience in Sales and Field Support. He has previously worked for Texas Instruments, Harris, Marconi, SEEQ Technology, Silicon Concepts, and PLX technology. At those companies, Mr. Best sold communications, networking, and other semiconductor products for commercial and military markets. He has substantial experience with distribution & channel sales, sales management, and value / Solution selling. Mr. Best holds a B.Sc. in Electrical & Electronic Engineering from Portsmouth University in UK.
His major design wins to-date include the sales of Wi2Wi WiFi & WiFi-Bluetooth industrial-class products to the Leader in Business-Class Car Rentals globally, the Leader in In-Vitro Diagnostics Medical Devices worldwide, a Major European Vehicle Manufacturer, and the Leader in Infra-Red Devices worldwide. In his new capacity Mr. Best will oversee Sales and Field-Applications Engineering (FAE) for Americas, Asia and rest-of-the world, in addition to the EMEA.
Dr. Reza Ahy, Chief Executive Officer stated, “Simon is a seasoned Sales Executive with significant accomplishments at Wi2Wi. We have been systematically building up a pipeline of quality customers and industry leaders and Wi2Wi is currently engaged with over 30 Tier-1 customers worldwide (as part of Wi2Wi's over 200 customers). I applaud our Sales Team and look forward to working closely with Simon and the rest of our Sales Team to take our substantial number of our current design Wins/Ins into full production, winning new designs, and to significantly grow our revenue in 2014 and beyond.”
Dr. Hans Black, Chairman of Wi2Wi stated, “It is most gratifying that our marketing and sales efforts have resulted in the placement of our superior products within some of the best companies and industry leaders worldwide. Simon has been a major contributor to these achievements and now will help us take our Sales efforts to the next level of growth. My congratulations to Simon, and the rest of the Wi2Wi Sales team.”
Wi2Wi is a leader in industrial-class WiFi, WiFi-Bluetooth and GPS system-in-a-package (SiPs). Wi2Wi focuses on industrial (including Automotive), medical, infrastructure (including smart-home/smart building) and government markets worldwide. Wi2Wi’s products and value-added services provide highly integrated, multifunctional wireless sub systems as complete wireless connectivity solutions for the Machine-to-Machine (M2M) and portable device applications globally.
For further information, please contact:
Dr. Reza Ahy
Chief Executive Officer
(408) - 416-4200
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 oil and gas exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other producers, inability to retain drilling rigs and other services, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, the impact of general economic conditions in Canada, the United States and overseas, industry conditions, changes in laws and regulations (including the adoption of new environmental laws and regulations) and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange or interest rates, stock market volatility and market valuations of companies with respect to announced transactions and the final valuations thereof, and obtaining required approvals of regulatory authorities. 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).
This news release contains “forward-looking statements” within the meaning of applicable securities laws relating to, among other things, the Proposed Transaction. Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements. Completion of the Proposed Transaction described herein is dependent on a number of factors and is subject to a number of risks and uncertainties, and it is not certain that the Proposed Transaction will be completed. Factors that could cause actual results to differ materially include, but are not limited to, changes in the Company`s or Wi2Wi’s business, general business, economic and competitive uncertainties and delay or failure to receive board, shareholder or regulatory approvals.
Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date the statements are made and the Corporation 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.
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