ADDvantage Technologies Group, Inc. Appoints John Shelnutt as Independent Board Member
July 11 2019 - 4:10PM
ADDvantage Technologies Group, Inc. (“ADDvantage” or the “Company”)
today announced it has appointed John M. Shelnutt as an independent
member of its Board of Directors, effective July 8, 2019. With the
appointment of John Shelnutt, the full ADDvantage Board is
comprised of six members, of which four are independent
directors.
Mr. Shelnutt was appointed to the Board of
Directors due to his extensive experience and contacts in the
telecommunications industry and background in business leadership
and corporate strategy. John Shelnutt is Vice President of Blue
Danube Systems, a start-up company that designs intelligent
wireless access solutions using cloud-based analytics and machine
learning to deliver high definition active antenna systems
technology to the wireless industry. Prior to joining Blue
Danube Systems in 2017, Mr. Shelnutt served in various executive
capacities at Cisco, including leading their mobility division with
global responsibility for all of the mobile product offerings of
the company and managing one of their largest global
customers. Mr. Shelnutt also spent 12 years in various
executive leadership roles at Alcatel including the startup of
their global DSL division and managing their United States mobility
division. Mr. Shelnutt has served on various boards within
the telecommunications industry including the QuEST Forum, ATIS,
Broadband Forum and was an advisor to Tech Titans of Dallas, Texas
and the City of New York Public Schools Technology group.
Joe Hart, President and CEO of the Company,
stated, “John brings a unique depth of experience and expertise
that will be directly relevant to ADDvantage as we embark on our
expansion strategy in the wireless infrastructure services and
broadband telecommunications markets. John is an accomplished
business leader, and I am delighted that he has accepted this
appointment. We look forward to leveraging his insights, contacts
and leadership experience to advance the long term growth of
ADDvantage Technologies.”
About ADDvantage Technologies Group,
Inc.
ADDvantage Technologies Group, Inc. (NASDAQ:
AEY) is a communications infrastructure services and equipment
provider operating a diversified group of companies. Through
Fulton Technologies, the Company provides turn-key wireless
infrastructure services including the installation, modification
and upgrading of equipment on communication towers and small cell
sites for wireless carriers, national integrators, tower owners and
major equipment manufacturers. Through its Nave
Communications and Triton Datacom subsidiaries, ADDvantage sells
equipment and hardware used to acquire, distribute, and protect the
communications signals carried on fiber optic, coaxial cable and
wireless distribution systems. ADDvantage also offers repair
services focused on telecommunication equipment and recycling
surplus and related obsolete telecommunications
equipment.
ADDvantage operates through its subsidiaries:
Fulton Technologies, Nave Communications and Triton Datacom. For
more information, please visit the corporate web site at
www.addvantagetechnologies.com.
The information in this announcement may include
forward-looking statements. All statements, other than
statements of historical facts, which address activities, events or
developments that the Company expects or anticipates will or may
occur in the future, are forward-looking statements. These
statements are subject to risks and uncertainties, which could
cause actual results and developments to differ materially from
these statements. A complete discussion of these risks and
uncertainties is contained in the Company’s reports and documents
filed from time to time with the Securities and Exchange
Commission.
For further information |
KCSA Strategic Communications |
Company Contact: |
Elizabeth Barker |
Scott Francis |
(212) 896-1203 |
(918) 251-9121 |
ebarker@kcsa.com |
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