Ethical Web AI appoints Tom Symonds as the new Chief Executive Officer
Ethical Web AI (OTC: BBLR) has appointed Tom Symonds as its new Chief Executive Officer, replacing Manfred Ebensberger. Symonds brings 25 years of technology experience, including founding Immerse.io and leadership roles at GE Capital and Sky. The company is implementing a strategic pivot focusing on revenue generation, with goals to achieve cash flow positivity within six months.
Key upcoming initiatives include launching an enterprise-focused generative AI product, establishing a partnership with a major cloud hosting company, filing a new patent for data security technology, and raising approximately $3 million in capital. The company also plans to recruit a Chief Revenue Officer and aims to uplist to a superior exchange this year.
The new product will address the needs of enterprises currently restricting generative AI use due to data security concerns, targeting 30% of the market. The company maintains its focus on its Open-Source SaaS platform and associated patents, which management believes could attract acquisition interest from global technology giants.
Ethical Web AI (OTC: BBLR) ha nominato Tom Symonds come nuovo Amministratore Delegato, sostituendo Manfred Ebensberger. Symonds porta con sé 25 anni di esperienza nel settore tecnologico, tra cui la fondazione di Immerse.io e ruoli di leadership presso GE Capital e Sky. L'azienda sta implementando un pivot strategico focalizzato sulla generazione di entrate, con l'obiettivo di raggiungere la positività del flusso di cassa entro sei mesi.
Le principali iniziative in programma includono il lancio di un prodotto di intelligenza artificiale generativa rivolto alle imprese, la creazione di una partnership con una grande azienda di hosting cloud, la presentazione di un nuovo brevetto per la tecnologia di sicurezza dei dati e la raccolta di circa 3 milioni di dollari in capitale. L'azienda prevede anche di reclutare un Chief Revenue Officer e punta a essere quotata su un exchange superiore quest'anno.
Il nuovo prodotto risponderà alle esigenze delle imprese attualmente limitando l'uso dell'intelligenza artificiale generativa a causa di preoccupazioni relative alla sicurezza dei dati, mirando al 30% del mercato. L'azienda mantiene il suo focus sulla piattaforma SaaS Open-Source e sui brevetti associati, che secondo la direzione potrebbero attrarre l'interesse di acquisizione da parte di giganti tecnologici globali.
Ethical Web AI (OTC: BBLR) ha nombrado a Tom Symonds como su nuevo Director Ejecutivo, reemplazando a Manfred Ebensberger. Symonds aporta 25 años de experiencia en tecnología, incluyendo la fundación de Immerse.io y roles de liderazgo en GE Capital y Sky. La empresa está implementando un giro estratégico enfocado en la generación de ingresos, con el objetivo de alcanzar la positividad del flujo de caja en seis meses.
Las próximas iniciativas clave incluyen el lanzamiento de un producto de inteligencia artificial generativa enfocado en empresas, el establecimiento de una asociación con una importante empresa de hosting en la nube, la presentación de una nueva patente para tecnología de seguridad de datos y la recaudación de aproximadamente $3 millones en capital. La empresa también planea reclutar un Chief Revenue Officer y tiene como objetivo ser listada en un intercambio superior este año.
El nuevo producto abordará las necesidades de las empresas que actualmente restringen el uso de inteligencia artificial generativa debido a preocupaciones de seguridad de datos, apuntando al 30% del mercado. La empresa mantiene su enfoque en su plataforma SaaS de código abierto y los patentes asociadas, que la dirección cree que podrían atraer el interés de adquisición de gigantes tecnológicos globales.
Ethical Web AI (OTC: BBLR)는 Tom Symonds을 새로운 CEO로 임명하여 Manfred Ebensberger를 대체했습니다. Symonds는 Immerse.io 설립과 GE Capital 및 Sky에서의 리더십 역할을 포함하여 25년의 기술 경험을 가지고 있습니다. 회사는 수익 창출에 집중하는 전략적 전환을 진행 중이며, 6개월 이내에 현금 흐름의 긍정성을 달성할 목표를 가지고 있습니다.
앞으로의 주요 계획으로는 기업 중심의 생성적 AI 제품 출시, 주요 클라우드 호스팅 회사와의 파트너십 수립, 데이터 보안 기술에 대한 새로운 특허 출원, 그리고 약 300만 달러의 자금 조달이 포함됩니다. 이 회사는 또한 Chief Revenue Officer를 모집할 계획이며 올해 고급 거래소에 상장하는 것을 목표로 하고 있습니다.
새로운 제품은 데이터 보안 문제 때문에 생성적 AI 사용을 제한하고 있는 기업의 요구를 충족시킬 것이며, 시장의 30%를 타깃으로 하고 있습니다. 회사는 오픈 소스 SaaS 플랫폼과 관련 특허에 대한 집중을 유지하고 있으며, 경영진은 이것이 글로벌 기술 대기업의 인수 관심을 끌 수 있다고 믿고 있습니다.
Ethical Web AI (OTC: BBLR) a nommé Tom Symonds nouveau Directeur Général, remplaçant Manfred Ebensberger. Symonds apporte 25 ans d'expérience dans le domaine de la technologie, y compris la fondation d'Immerse.io et des postes de direction chez GE Capital et Sky. L'entreprise met en œuvre un pivot stratégique axé sur la génération de revenus, avec pour objectif d'atteindre une positivité de flux de trésorerie dans les six mois.
Les principales initiatives à venir comprennent le lancement d'un produit d'intelligence artificielle générative axé sur les entreprises, l'établissement d'un partenariat avec une grande société d'hébergement cloud, le dépôt d'un nouveau brevet pour une technologie de sécurité des données et la collecte d'environ 3 millions de dollars en capital. L'entreprise prévoit également de recruter un Chief Revenue Officer et vise à être cotée sur une bourse supérieure cette année.
Le nouveau produit répondra aux besoins des entreprises qui limitent actuellement l'utilisation de l'intelligence artificielle générative en raison de préoccupations en matière de sécurité des données, ciblant 30 % du marché. L'entreprise continue de se concentrer sur sa plateforme SaaS open-source et ses brevets associés, que la direction pense pouvoir susciter l'intérêt d'acquisition de la part de géants technologiques mondiaux.
Ethical Web AI (OTC: BBLR) hat Tom Symonds als neuen CEO ernannt und ersetzt damit Manfred Ebensberger. Symonds bringt 25 Jahre Erfahrung in der Technologiebranche mit, darunter die Gründung von Immerse.io und Führungsrollen bei GE Capital und Sky. Das Unternehmen setzt einen strategischen Kurswechsel mit dem Fokus auf die Generierung von Einnahmen um, mit dem Ziel, innerhalb von sechs Monaten Cashflow-Positivität zu erreichen.
Wichtige kommende Initiativen umfassen die Einführung eines auf Unternehmen ausgerichteten generativen KI-Produkts, den Aufbau einer Partnerschaft mit einem großen Cloud-Hosting-Unternehmen, die Einreichung eines neuen Patents für Datensicherheitstechnologie und die Beschaffung von etwa 3 Millionen Dollar Kapital. Das Unternehmen plant auch die Rekrutierung eines Chief Revenue Officer und strebt an, in diesem Jahr an eine bessere Börse gelistet zu werden.
Das neue Produkt wird die Bedürfnisse von Unternehmen ansprechen, die die Nutzung generativer KI aufgrund von Bedenken hinsichtlich der Datensicherheit einschränken, und zielt auf 30% des Marktes ab. Das Unternehmen behält den Fokus auf seiner Open-Source-SaaS-Plattform und den damit verbundenen Patenten bei, die laut Management das Interesse globaler Technologieriesen an einer Übernahme wecken könnten.
- Strategic pivot to focus on revenue generation with 6-month cash flow positive target
- Launch of new enterprise AI product addressing data security concerns
- Planned partnership with major cloud hosting company
- Upcoming patent filing for sensitive data protection technology
- Planned $3M capital raise for expansion
- Intention to uplist to a superior exchange
- Current CEO replacement indicates organizational restructuring
- Requires substantial capital raise ($3M) for execution of business plan
- No current revenue streams mentioned
NEW YORK, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Ethical Web AI (d/b/a Bubblr Inc.) (OTC: BBLR), a leader in ethical technology innovation, proudly announces the appointment of Tom Symonds as Chief Executive Officer. Tom has been at the forefront of innovative technology for 25 years. He is a recognized pioneer in the field of immersive technology for enterprise, having founded Immerse.io and acted as CEO prior to joining Ethical Web. He also comes with a unique blend of corporate experience developed during his years at GE Capital and Sky, where he led the transformation of their internet presence. His passion for developing disruptive uses of technology to break open new market opportunities makes him uniquely suited to the company.
Ethical Web's previous CEO, Manfred Ebensberger, left the post for personal reasons. He remains a big supporter of the company and retains a keen interest in its progress.
Steve Morris, CTO of Ethical Web AI, remarked:
"Tom is the ideal CEO for the company, with deep experience in early-stage technology and a clear understanding of how to bring enterprise products to market. I have known Tom for over ten years. He was an early investor in the company, and I have always hoped he would join us as CEO. Thankfully, he joins at this pivotal moment and is focused on a completely new business plan and approach. Tom has already had a huge impact, shouldering a great deal of my work burden so I can focus on software development and IP. Tom has a fantastic proven record as a specialist CEO for companies focussed on delivering transformative new technologies."
Tom Symonds stated:
"In my opinion, Steve Morris is a unique technical genius. While he is also a very humble guy (happiest described in those terms), his ability to come up with genuinely revolutionary software products and to secure this IP with patents puts Steve in the same bracket as the handful of genuine technology innovators who have changed the world. That said, Steve would be the first to agree that his skills should be focused on the product and not on CEO responsibilities. I have been working with Steve and his team for the past three months, and we will be completely pivoting the company's priorities to focus on revenue. It is my ambition to make the company's cash flow positive within six months. There are a few milestones we need to achieve both in the short and medium term. These include:
- The launch of a new enterprise-only product will deliver secure and safe generative AI capabilities for
30% of enterprises that are currently banning the use of generative AI for fear of leaking sensitive data. This product is already under development, and we expect to launch it officially in the next few weeks. - Finalize a software development partnership with one of the major cloud hosting companies to deliver the product and provide the basis of a unique and powerful route to market. Again, we expect to be able to deliver this within a few weeks of the new product launch.
- Revamp the company's business plan, investment deck and website to reflect the new company direction. The business plan has already been updated, and the corporate investment deck is due to be completed in weeks. A new company website will immediately follow.
- File a new patent at the US patent office that describes the unique techniques we use to prevent sensitive data from leaving the customer enterprise's intranet. Again, we expect this patent to be filed in weeks.
- Recruit a top-quality Chief Revenue Officer. Interviews for the role have already begun, and we expect to announce in the next few weeks.
- Raise substantial new investment capital to ensure capital (in the order of
$3m in total) to ensure the necessary expansion required to comply with the new business plan. Again, I am expecting we can deliver this funding within the next two months. - Engage with institutional investors with a view to uplisting to a superior exchange and for this to be executed this year.
The new focus on revenue and enterprise sales does not diminish the actual value of Ethical Web AI, which lies in its Open-Source SaaS platform and its associated patents. This platform is so disruptive and so innovative that it has always been challenging to describe in simple terms. However, in my opinion, it is this platform that will eventually impel a global technology giant to acquire the company for billions of dollars. I am really looking forward to ensuring the company's success, and I could not be happier in my current role. It is a wonderful and unique challenge."
About Ethical Web AI:
Ethical Web AI is an ethical technology company championing an anonymous, safe, and fair new internet. We produce unique intellectual property and technology made defensible by our valuable utility software patents.
Visit the new AI Seek website at https://www.aiseek.ai.
For more information about our company and products, please visit our website at www.ethicalweb.ai.
Media Contact:
Steve Morris
Bubblr, Inc.
(646) 814 7184
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management. They are subject to several uncertainties and risks that could significantly affect the company's current plans and expectations, future operations, and financial condition. The company reserves the right to update or alter its forward-looking statements, whether due to new information, future events or otherwise.
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