CompoSecure Chief Product & Innovation Officer Named NJBIZ Digi-Tech Innovator Award Honoree

Rhea-AI Summary

CompoSecure, Inc. (Nasdaq: CMPO) announced that Chief Product & Innovation Officer Adam Lowe has received the 2022 Digi-Tech Innovator Award from NJBIZ. Lowe, who oversees Research and Development, has expertise in blockchain and security technologies and is listed as an inventor on over 200 patents. Under his leadership, CompoSecure launched Arculus™, a digital identity authentication platform aimed at simplifying cryptocurrency transactions. This recognition emphasizes the company's innovation in financial payment solutions.

Positive

• Adam Lowe awarded the 2022 Digi-Tech Innovator Award, enhancing company reputation.
• Launch of Arculus™, a platform believed to disrupt cryptocurrency cold storage market.

Negative

• None.

Adam Lowe Recognized as a Digital Transformation Leader

SOMERSET, N.J.--(BUSINESS WIRE)-- CompoSecure, Inc. (Nasdaq: CMPO), a leading provider of premium financial payment cards and cryptocurrency and digital asset storage and security solutions, today announced Chief Product & Innovation Officer Adam Lowe has been recognized as a NJBIZ 2022 Digi-Tech Innovator Award Honoree.

“I am honored to be chosen by NJBIZ as one of the 2022 Digi-Tech Innovators of the year,” said Lowe. “I want to share this award with the entire team who worked so hard to create our innovative, leading edge offerings.”

As Chief Product & Innovation Officer of CompoSecure, Lowe heads up the Research and Development division. He is a well-known expert in blockchain, crypto and security technologies and has been published in a variety of peer reviewed journals, authored technical book chapters, and is listed as an inventor on over a two-hundred patents and patents pending. He holds a PhD from Cornell University and received his MBA from the Cornell Johnson Graduate School of Management.

In 2021, Lowe and his team created Arculus™, a digital asset and identity authentication technology platform, which CompoSecure believes is disrupting the cryptocurrency cold storage wallet market by making it simple, safe and secure to store, buy, swap, send and receive cryptocurrency. This security solution provides intuitive controls and a familiar payment card form factor to manage multiple cryptocurrency wallets in one easy-to-use solution.

The Digi-Tech Innovator Award event acknowledges innovators who have demonstrated excellence in technology and leadership. Winners also will be profiled in an event publication inserted in the April 11^th issue of NJBIZ. These trailblazers represent a wide swath of industries including real estate, health care, public relations, technology and more.

About CompoSecure and Arculus

Founded in 2000, CompoSecure is a leading provider of premium financial payment cards and cryptocurrency and digital asset storage and security solutions. The company focuses on serving the affluent customers of payment card issuers worldwide using proprietary production methods that meet the highest standards of quality and security. The company offers secure, innovative, and durable proprietary products that implement leading-edge engineering capabilities and security. CompoSecure’s mission is to increase clients’ brand equity in the marketplace by offering products and solutions which differentiate the brands they represent, thus elevating cardholder experience. For more information, please visit www.composecure.com. Arculus™ was created with the mission to promote cryptocurrency adoption by making it safe, simple and secure for the average person to store, buy, swap, send and receive cryptocurrency. With a strong background in security hardware and financial payments, the Arculus™ solution was developed to allow people to use a familiar payment card form factor to manage their cryptocurrency. For more information, please visit www.GetArculus.com.

Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements are based on the beliefs and assumptions of management. Although the Company believes that its plans, intentions, and expectations reflected in or suggested by these forward-looking statements are reasonable, the Company cannot assure you that it will achieve or realize these plans, intentions, or expectations. Forward-looking statements are inherently subject to risks, uncertainties, and assumptions. Generally, statements that are not historical facts, including statements concerning the Company’s possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. In some instances, these statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates” or “intends” or the negatives of these terms or variations of them or similar terminology. Forward-looking statements are not guarantees of performance. You should not put undue reliance on these statements which speak only as of the date hereof. You should understand that the following important factors, among others, could affect the Company’s future results and could cause those results or other outcomes to differ materially from those expressed or implied in the Company’s forward-looking statements: the outcome of any legal proceedings that may be instituted against the Company or others; the impacts of the ongoing COVID-19 pandemic; the ability of the Company to grow and manage growth profitably, maintain relationships with customers, compete within its industry and retain its key employees; the possibility that the Company may be adversely impacted by other economic conditions (including the rapidly evolving conflict between Russian and the Ukraine), business, and/or competitive factors; future exchange and interest rates; and other risks and uncertainties included under “Risk Factors” in other Company filings that have been made or will be made with the Securities and Exchange Commission. The Company undertakes no obligations to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220421005380/en/

Samantha Short

310-824-9000

sshort@olmsteadwilliams.com

Source: CompoSecure, Inc.

FAQ

Who is Adam Lowe and what award did he receive for CMPO?

Adam Lowe, Chief Product & Innovation Officer at CompoSecure, was recognized with the 2022 Digi-Tech Innovator Award by NJBIZ.

What is Arculus™ developed by CompoSecure (CMPO)?

Arculus™ is a digital asset and identity authentication technology platform designed to simplify cryptocurrency management and transactions.

What industry does CompoSecure (CMPO) operate in?

CompoSecure operates in the financial payment cards and cryptocurrency security solutions industry.

What recognition did CompoSecure (CMPO) recently achieve?

CompoSecure received attention for Adam Lowe's recognition as a Digi-Tech Innovator, illustrating its leadership in technology and innovation.

How does the Digi-Tech Innovator Award impact CompoSecure (CMPO)?

The Digi-Tech Innovator Award enhances CompoSecure's reputation in the technology sector, showcasing its commitment to innovation.