TechX Appoints Dr. John Henderson as COO and Chris Lafrance as Product Manager to Strengthen its Position as a Global Fintech Leader

Rhea-AI Summary

TechX Technologies Inc. (CSE: TECX, OTC: TECXF) has appointed Dr. John Henderson as Chief Operating Officer and Chris LaFrance as Product Manager. Dr. Henderson brings expertise in investment banking and data science, while LaFrance offers extensive experience in software development within various industries, including FinTech and Crypto. The company aims to leverage their leadership to enhance emerging technologies like blockchain and AI. Additionally, TechX has signed a $120,000 digital advertising agreement to boost brand awareness. 625,000 incentive stock options were granted to key personnel.

Positive

• Appointment of Dr. John Henderson as COO, leveraging his investment banking and data science expertise.
• Chris LaFrance's extensive software development background will strengthen TechX's capabilities in FinTech and cryptocurrency.
• Engagement of Emerging Markets Consulting for a digital advertising campaign to increase brand awareness.
• Granting of 625,000 incentive stock options could motivate key personnel and align their interests with shareholders.

Negative

• Potential risks associated with leadership changes affecting company continuity.

VANCOUVER, BC, June 14, 2021 /PRNewswire/ - TechX Technologies Inc. ("TechX'' or "the Company'') (CSE: TECX) (OTC: TECXF) (FRA: C0B1), a company focused on emerging technologies across growth sectors including: crypto, blockchain, AI and cloud technologies, is pleased to announce the appointment of Dr. John Henderson, PhD as Chief Operating Officer of TechX and Chris LaFrance as Product Manager.

Dr. John Henderson - COO, TechX Technologies Inc.

Dr. Henderson's career in institutional equity sales and corporate finance began at PI Financial, Jennings Capital and Intrynsyc Capital. John was responsible for analyzing and financing technology based venture level companies and it sparked a lifelong pursuit in innovation. In addition to his finance career, John has had an active advisory practice recently assisting corporate development for GTEC Holdings, as well as restructuring global operations for a Canadian health device company. Under the MITACS award program, John recently co-authored a research proposal as an initial step towards the creation of a world-class healthcare innovation hub, part of the new St. Paul's Hospital development. In addition to his career pursuits, John has been a sessional lecturer at the University of British Columbia - Okanagan, where he has taught courses in Investments, Risk Management and Industry Analysis.

Dr. Henderson earned his PhD identifying and quantifying management best practices using Data Science techniques such as machine learning. John's research details signal mechanisms  of management behaviours and, in turn, predict future financial performance. In addition to his PhD, John earned a Masters in Business Administration from the University of British Columbia's Sauder School of Business, a Masters in Science in Biological Chemistry from the University of Waterloo along with bachelor degrees in Economics, Biotechnology and Communications.

"Clearly, I couldn't be more excited to join a team where I can utilize my past education and experience and share the same vision and passion to support and commercialize emerging technologies, such as blockchain, artificial intelligence and IoT," said Henderson. "These technologies are set to transform entire industries.  Cryptocurrency, with its pivotal role in decentralized finance (DeFi), is just the beginning and TechX's mandate to capture value in this space is simply inspiring."

Chris LaFrance - Product Manager, TechX Technologies Inc.

Chris LaFrance is a senior software engineer with over 20 years of experience leading custom ERP, BI, M2M and web/mobile software/solution development for a wide variety of industries including FinTech, Crypto, Transportation, Industrial, Manufacturing, High-Tech, Environmental, Engineering, and Marine.

Since Bitcoin White Paper release, Mr LaFrance has been curious of blockchain implementation and adoption, whether proof-of-work or proof-of-state, for its capacity to offer business solutions and its associated cryptocurrencies by-product. Chris is an active trader of cryptocurrencies and participates in several trading groups.

"I'm very excited to be joining such a dynamic and innovative company that is looking to disrupt the banking industry with the future launch of the uBUCK digital wallet," said LaFrance. "I look forward to working with this outstanding group to develop a game-changing financial technology solution."

"We are very excited to welcome these two highly skilled and specialized individuals to our growing team," said TechX CEO Peter Green. "John Henderson brings with him a strong investment banking background and a very unique ability to apply data science and machine learning to investment finance and business strategy.  Chris LaFrance offers unparalleled experience developing enterprise grade software solutions for the fintech and cryptocurrency industry. This combination of skills will be invaluable to TechX's future growth and we couldn't be happier."

The Company has also engaged Emerging Markets Consulting LLC ("EMC") for a 2-month digital advertising campaign in connection with the Company's ongoing effort to increase awareness. This comprehensive advertising program is designed to build brand familiarity, general recognition, and awareness within online investor content platforms. EMC will employ state of the art digital advertising, paid distribution, media buying and content creation to execute this important initiative. Under the terms of this agreement, EMC will provide a combination of strategic digital media services, marketing coordination, content production, and data analytics services for a total payment value of USD $120,000 amortized over the 2-month duration of the agreement.  

Further, the Company has granted an aggregate 625,000 incentive stock options (the "Options") to officers and employees of the Company. The Options are exercisable at $0.71 per share for a period of five years from the date of grant and vesting over a four-year period. The Options have been granted under and are governed by the terms of the Company's incentive stock option plan.

About TechX Technologies Inc.

TechX Technologies Inc. (CSE:TECX) (OTC:TECXF) (FRA:C0B1) is a company focused on emerging technologies across growth sectors including: crypto, blockchain, AI and cloud technologies. Led by senior leaders and industry experts, our investors have access to strategically selected portfolio companies that offer technologies across the entire cryptocurrency funnel, unlocking massive market potential.  TechX's portfolio of businesses include Mobilum, Catalyx Exchange, Altsignals, Xport Digital and Shiftinsights.

This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws.  When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information.  Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.

Related Links
https://tech-x.io/

View original content to download multimedia:http://www.prnewswire.com/news-releases/techx-appoints-dr-john-henderson-as-coo-and-chris-lafrance-as-product-manager-to-strengthen-its-position-as-a-global-fintech-leader-301311395.html

SOURCE TechX Technologies Inc.

FAQ

Who is Dr. John Henderson and what is his role at TechX Technologies Inc.?

Dr. John Henderson is the newly appointed Chief Operating Officer at TechX Technologies Inc., bringing a wealth of experience in investment banking and data science.

What does Chris LaFrance bring to TechX Technologies as Product Manager?

Chris LaFrance, as Product Manager, offers over 20 years of experience in software development, particularly in FinTech and cryptocurrency sectors.

What is the significance of TechX's digital advertising campaign?

The $120,000 digital advertising campaign aims to enhance brand recognition and awareness among online investor content platforms.

What is the impact of the stock options granted by TechX?

TechX granted 625,000 stock options to key personnel, which is expected to align their interests with those of shareholders and incentivize performance.