TEKUMO, Inc. ANNOUNCES NAME AND TICKER CHANGE

Rhea-AI Summary

Tekumo Inc. rebrands to Tekumo, Inc. with ticker symbol TKMO, emphasizing its technology-driven services. The CEO and CFO share a Tokyo connection. The company aims to continue its growth trajectory with a focus on innovation and customer value.

NEW YORK, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Tekumo Inc. (formerly known as Balincan USA or the "Company") announces its formal name change to Tekumo, Inc. and ticker symbol to TKMO.  

The new name properly identifies the company, its brand and its associated software, TekumoPRO, TekumoSMART and TekumoIQ.

Tekumo’s CEO, Strings Kozisek and CFO, Phillip Dignan both entered their professional careers in Tokyo Japan.  They unknowingly worked together in the Arc Mori Building in the Roppongi 1-Chome area of Tokyo. Embracing the company’s origins, “Tekumo” is a play on the combined words “Technology” and the Japanese word for cloud, “Kumo”.

Mr. Kozisek states, “Tekumo is thrilled to announce a significant milestone in our journey with the unveiling of this name change. Last year was a testament to the hard work and dedication of our team, and this name change puts us in an even stronger position to continue our upward trajectory and to have a positive impact on the industries we serve.”  Mr. Dignan adds, “Following a year of remarkable growth, Tekumo is poised to build upon its successes with this strategic name change. The rebranding effort underscores our confidence in the direction of the company and our vision for the future. It reflects our deep commitment to staying ahead of the curve and delivering value to our customers, partners, and stakeholders.

CORPORATE OVERVIEW

The Company offers a service delivery and field services management platform that solves the "last-mile" of installing, monitoring, and maintaining technology systems and smart connected devices. Distributed real-time data is at the core of all Tekumo predicts and services.

We play at the intersection of two major trends: the “Uber-ization” of product and service delivery, and the explosion of AI driven smart connected devices brought about by the “Internet of Things” (IoT). Our Service Delivery platform is designed to intelligently automate the installation and maintenance of products by offering On-Demand local technician resources, as well as providing a “smart interface” for the monitoring and management of connected devices. 

This service platform caters for a broad range of technologies from POS systems, kiosks, digital menu boards, cameras, cabling, Wi-Fi and networking, to water and energy management, lighting and HVAC control, smart homes devices, wearable sensors, and access control.

Our platform results in “less people, less time and less cost” for our customers.

When we discuss our strategy, plans, future financial and operating performance, or other things that have not yet taken place, we are making statements considered to be forward-looking statements under United States (US) securities laws. Please see the disclosure relative to forward-looking statements at the base of this discussion.

About Tekumo, Inc.

Tekumo, Inc (OTC: TKMO) is an alternative reporting publicly held company that wholly-owns Tekumo LLC.

Safe Harbor:

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements, as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the Company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the Company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the Company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The Company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

Colorado Springs
Phillip Dignan, President & CFO
719-419-6709
Investors@Tekumo.com

FAQ

What is Tekumo Inc.'s new name and ticker symbol?

Tekumo Inc. has rebranded to Tekumo, Inc. with the ticker symbol TKMO.

What is the significance of the name 'Tekumo'?

The name 'Tekumo' is a combination of 'Technology' and the Japanese word for cloud, 'Kumo', reflecting the company's origins and focus on technology.

What services does Tekumo offer?

Tekumo offers a service delivery and field services management platform that focuses on installing, monitoring, and maintaining technology systems and smart connected devices.

What major trends does Tekumo operate at the intersection of?

Tekumo operates at the intersection of the 'Uber-ization' of product and service delivery and the growth of AI-driven smart connected devices.

Where did the CEO and CFO of Tekumo start their professional careers?

The CEO and CFO of Tekumo started their professional careers in Tokyo, Japan, unknowingly working together in the Arc Mori Building in the Roppongi 1-Chome area.