EdgeTI Appoints Mel Wesley to its Industry Advisory Council and Subsequently Appoints Brian Groody as Director

Rhea-AI Summary

Edge Total Intelligence (TSXV: CTRL, OTCQB: UNFYF) announced key leadership changes. Mel Wesley resigned as Director on January 7, 2025, and was subsequently appointed to the company's Industry Advisory Council (IAC). Brian Groody, Global Vice-President at Baker Hughes, was appointed as Director on January 9, 2025.

Wesley, who joined as independent Director in August 2023, brings 25 years of experience as CFO and Senior Executive, with expertise in CyberSecurity and high-tech exits involving NASDAQ-listed companies. He becomes the 5th member of the IAC.

Groody brings 28 years of industry experience, currently serving as Global Vice-President in Baker Hughes' Oilfield Services and Equipment segment. He received options to purchase 100,000 shares at CAD$0.60 per share, vesting over three years.

Positive

• Addition of experienced executive Brian Groody from Baker Hughes strengthens board expertise in energy sector
• Retention of Mel Wesley's expertise through IAC appointment maintains access to his cybersecurity and M&A experience
• Strategic alignment with energy sector through Groody's appointment supports company's AI-powered Digital Twin expansion

Negative

• Loss of independent director Wesley from the board may temporarily impact corporate governance
• New stock options grant of 100,000 shares represents potential dilution for existing shareholders

Arlington, Virginia--(Newsfile Corp. - January 10, 2025) - Edge Total Intelligence Inc. (TSXV: CTRL) (OTCQB: UNFYF) (FSE: Q5i) ("edgeTI", "Company"), a leading provider of real-time Digital Twin software, announces that it has appointed Mel Wesley to its Industry Advisory Council ("IAC") following his resignation as a Director on January 7, 2025. Following Mr. Wesley's resignation, Brian Groody of Baker Hughes was appointed as a Director on January 9, 2025.

Mel Wesley Marks 5^th Appointment to the Industry Advisory Council

Mr. Wesley joined the Board as an independent Director on August 23, 2023 via the Annual General Meeting. With the recent formation of the Industry Advisory Council, Mr. Wesley and the Company believe that his vast experience in CyberSecurity and high-tech exits will benefit the Company and the Council's goal to accelerate the growth and adoption of AI-powered Digital Twins.

For over 25 years as CFO and Senior Executive, Mr. Wesley played a key role in driving significant growth and overseeing billion dollar exits involving NASDAQ listed technology companies, such as, SteelCloud (NASDAQ: SCLD), OPNET Technologies, Inc. (NASDAQ: OPNT), Mandiant (acquired by FireEye in December 2013) and FireEye, Inc. (NASDAQ: FEYE). Mel currently serves as CFO of Deepwatch.

Mr. Welsey brings extensive SEC reporting experience and has been actively involved in multiple mergers and acquisitions, and their subsequent transitions. Of particular value to the Company is Mr. Wesley's experience in CyberSecurity and Intelligence, which surround current prospect and customer use cases and interest.

"Mel was a great contributor as a Director to the Company," said Jim Barrett, CEO of edgeTI. "I look forward to working with him more closely in our Industry Advisory Council, which now includes Mel, David Kris, Michael Ostrom, Timothy Faulkner, and Christopher Leichtweis.

Brian Groody Appointed to the Board

Brian Groody is a Global Vice-President in the Oilfield Services and Equipment (OFSE) segment at Baker Hughes. In his role, he provides strategic direction across 3 global product lines. His leadership responsibility includes operations, supply chain, technology development, digital strategy, and commercial activities.

Prior to his current role, Brian served as Vice-President of the North America Onshore OFSE business since 2020. He started his career at Schlumberger as a field engineer in Texas. During his 28 years in the industry, he has held senior leadership positions across various sectors of the industry including services, product manufacturing, fabrication, and construction. His experience included 10 years abroad with assignments in Venezuela, France, Angola, Kazakhstan, and Russia.

In support of the oil and gas industry, Brian is Immediate Past Chairman of the Energy Workforce and Technology Council and a board member of the Hamm Institute for American Energy at Oklahoma State University. Brian earned a BS degree in Geology from Princeton University.

"Our work with operational energy in the U.S. military has shown us that logistics, oil and gas, and energy are strong candidates to benefit from AI-powered Digital Twins," stated Jim Barrett. "Having Mr. Groody join edgeTI as a director adds further insight into the global opportunities and challenges we need to focus on and accomplish."

As part of Mr. Groody's appointment as a director, he has received options to purchase 100,000 shares exercisable at a price of CAD$0.60 per share for a period of five years. The options vest in equal annual tranches over a period of three years.

About edgeTI

edgeTI helps customers sustain situational awareness and accelerate action with its real-time digital operations software, edgeCore™ that unites multiple software applications and data sources into one immersive experience. Global enterprises, service providers, and governments are more profitable when insight and action are united to deliver fluid experiences via the platform's low-code development capability and composable operations. With edgeCore, customers can improve their margins and agility by rapidly transforming their siloed systems and data across continuously evolving situations in business, technology, and cross-domain operations - helping them achieve the impossible.

Website: https://ir.edgeti.com/
LinkedIn: www.linkedin.com/company/edgeti
YouTube: www.youtube.com/user/edgetechnologies

For more information, please contact:

Nick Brigman, Corporate Secretary
Phone: 888-771-3343
Email: ir@edgeti.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information and Statements

Certain statements in this news release are forward-looking statements or information for the purposes of applicable Canadian and US securities law. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions.

Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include the continued availability of capital and financing, the impact of viruses and diseases on the Company's ability to operate, competition and general economic, and market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236677

FAQ

What changes occurred in EdgeTI's (UNFYF) leadership structure in January 2025?

On January 7, 2025, Mel Wesley resigned as Director and joined the Industry Advisory Council, while Brian Groody from Baker Hughes was appointed as Director on January 9, 2025.

What stock options were granted to new EdgeTI (UNFYF) director Brian Groody?

Brian Groody received options to purchase 100,000 shares at CAD$0.60 per share, exercisable for five years with vesting over three years in equal annual tranches.

Who are the current members of EdgeTI's (UNFYF) Industry Advisory Council?

The Industry Advisory Council includes Mel Wesley, David Kris, Michael Ostrom, Timothy Faulkner, and Christopher Leichtweis.

What is Brian Groody's current role outside of EdgeTI (UNFYF)?

Brian Groody serves as Global Vice-President in the Oilfield Services and Equipment segment at Baker Hughes, overseeing operations, supply chain, technology development, digital strategy, and commercial activities.