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Wi2Wi Announces the Election of its Board of Directors and the Chairman of the Board

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Wi2Wi Corporation has announced the election of five new directors during its annual general meeting held on June 30, 2022. Among those elected, Gary DuBroc has been appointed as Chairman of the Board. The company specializes in reducing wireless R&D costs, offering integrated wireless connectivity solutions across various industries. Founded in 2005 and headquartered in San Jose, California, Wi2Wi operates satellite offices in Middleton, Wisconsin, and Hyderabad, India.

Positive
  • Election of experienced directors may provide fresh perspectives.
  • Appointment of Gary DuBroc as Chairman could strengthen leadership.
Negative
  • New director elections may lead to continuity concerns.

TORONTO, ON / ACCESSWIRE / June 30, 2022 / Wi2Wi Corporation ("Wi2Wi" or the "Company") announces that Messrs. Gary DuBroc, Francesco Ferlaino, Matthew Balazsi, Zachariah Mathews, and Ms. Carol Hess were elected as directors of the Company at the annual and special meeting of shareholders held on June 30, 2022 (the AGM). Following the AGM, the Board of directors appointed Mr. Gary DuBroc as Chairman of the Board of directors

Investor & Media Contact
Dawn Leeder, Chief Financial Officer
+1-608-203-0234
dawn_l@wi2wi.com

About Wi2Wi Corporation

Wi2Wi enables customers to substantially reduce their wireless R&D expenses and time to market. Wi2Wi designs, manufactures and markets deeply integrated, end-to-end wireless connectivity solutions as well as customizable, high-performance timing and frequency control devices. Wi2Wi provides real time technical support throughout the entire product life cycle for customers across the Internet of Things (IoT), Industrial Internet of Things (IIoT), Avionics, Space, Industrial, Medical and Government sectors.

Wi2Wi 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, Wisconsin. The branch office, located in Hyderabad, India, focuses on developing end to end wireless connectivity subsystems and solutions.

Wi2Wi has partnered with best-in-class global leaders in technology, manufacturing and sales. The company uses a global network of manufacturer's representatives 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.

SOURCE: Wi2Wi Corporation



View source version on accesswire.com:
https://www.accesswire.com/707218/Wi2Wi-Announces-the-Election-of-its-Board-of-Directors-and-the-Chairman-of-the-Board

FAQ

What was announced in the Wi2Wi Corporation press release on June 30, 2022?

The press release announced the election of five new directors and the appointment of Gary DuBroc as Chairman of the Board.

Who are the newly elected directors of Wi2Wi Corporation?

The newly elected directors are Gary DuBroc, Francesco Ferlaino, Matthew Balazsi, Zachariah Mathews, and Carol Hess.

What is the significance of Gary DuBroc's appointment as Chairman?

Gary DuBroc's appointment as Chairman may strengthen the leadership and direction of the company.

How might the election of new directors impact Wi2Wi Corporation?

The election of new directors could bring fresh perspectives but may also raise continuity concerns within the company.

What does Wi2Wi Corporation do?

Wi2Wi Corporation specializes in wireless connectivity solutions, helping customers reduce R&D expenses and expedite time to market.

WI2WI CORP

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Communication Equipment
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United States of America
Middleton