BELLEVUE, Wash., July 12, 2019 /PRNewswire/ -- Bsquare
Corporation (NASDAQ: BSQR) today announced it will be making an
executive leadership change as part of the restructuring the
company announced in May 2019.
Peter Biere, CFO, will resign from
his position following a transition period that will include the
appointment of a new CFO. Mr. Biere, who has served as CFO since
December 2016, will continue as CFO
until his replacement is identified and on-boarded.
"Throughout his tenure as CFO, Peter has provided sound
financial leadership to the company," said Ralph C Derrickson,
President & CEO of Bsquare Corporation. "This is an
amicable separation. Our intention in announcing this today is to
give Peter and the company the opportunity to pursue all options in
an open and transparent manner. We wish Peter well in his
future endeavors."
Adds Derrickson: "We are continuing to implement the One Bsquare
Initiatives we announced in May and have no change to our guidance
for Q2 2019."
About Bsquare
Bsquare builds technology that is powering the next generation
of intelligent devices and the systems in which they operate.
We believe the promise of IoT will be realized through the
development of intelligent devices and intelligent systems that are
cloud-enabled, contribute data, facilitate distributed control
& decision making, and operate securely at scale. Bsquare's
suite of services and software components allow our customers to
create new revenue streams and operating models while providing new
opportunities for lowering costs and improving operations. We serve
a global customer base from offices in Bellevue, Washington, the United Kingdom and Taiwan. For more
information, please visit www.bsquare.com.
Cautionary Note Regarding Forward-Looking Statements
This release contains "forward-looking statements" under
applicable securities laws. Such statements can be identified by
words such as: "expect," "believe," "plan," "future," "may,"
"will," and similar references to future periods. Forward-looking
statements include statements regarding our future leadership,
expected financial and operating results, and other statements
regarding strategies, growth, or other future events or conditions.
Such statements are based on our current beliefs, expectations and
assumptions about future events or conditions, which are subject to
inherent risks and uncertainties, including our ability to realize
the cost savings and other benefits of our planned restructuring
initiatives, to execute our business development initiatives and
sales and marketing strategies, to gain new long-term customers and
retain existing ones, and to leverage strategic partnering
initiatives with companies such as Microsoft, AWS and Intel, along
with the other risks and uncertainties discussed in our most recent
Annual Report on Form 10-K and other filings with the Securities
and Exchange Commission. Actual results may differ materially from
those indicated in forward-looking statements, and you should not
place undue reliance on them. All statements herein are based only
on information currently available to us and speak only as of the
date hereof. Except as may be required by law, we undertake no
obligation to update any such statement.
Contacts:
Media Contact:
Brendan Hughes
RH Strategic
206-264-0246
bhughes@rhstrategic.com
Investor contact:
Leslie Phillips
Blueshirt Group
+1 415-217-5869
leslie@blueshirtgroup.com
BSQUARE, the BSQUARE Logo and DataV are trademarks of BSQUARE
Corporation in the U.S. and other countries. Other names and brands
herein may be trademarks of others.
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SOURCE Bsquare