NEWARK, Calif., May 20, 2019 /PRNewswire/ -- Socket Mobile,
Inc. (NASDAQ: SCKT), an innovative provider of mobile productivity
solutions, today announced that Lynn
Zhao, 50, has been appointed to the position of Vice
President of Finance and Administration, Secretary and Chief
Financial Officer. Ms. Zhao has served as the Company's
Controller since January 2015 and was
appointed as Vice President and Controller in September 2017. She has served as a member of the
Company's Executive Leadership team since her appointment as Vice
President and Controller. Ms. Zhao previously served as the
Company's General Accounting Manager from December 2000 through January 2015. Ms.
Zhao holds an MBA degree from San Jose State
University and a Bachelor of Science degree in chemistry
from Xiamen University in
China. Ms. Zhao was previously nominated by the
Nominating Committee of the Company's Board of Directors
to stand for election as a management member of the Board
of Directors at the Company's annual meeting of stockholders to be
held on May 22,
2019.
"We are delighted to appoint Lynn as CFO, after having
provided Socket Mobile with 19 years of financial leadership in
increasingly responsible leadership positions. We believe Lynn is
the right person to build the financial organization for the growth
we expect to achieve in the coming years," said Kevin Mills, President and CEO.
David Dunlap, 76, has served as
CFO since 1995 and is scheduled to retire on June 30, 2019. Mr. Dunlap will continue to serve
as a member of the Board of Directors and will continue to actively
work with the Company as a consultant following his
retirement.
"We would also like to recognize Dave's 24 years of service and
his tremendous contributions to the company, including bringing the
company public in 1995, compliance with Sarbanes-Oxley and numerous
other achievements. We look forward to continuing to work
with him as both a board member and consultant, and wish him health
and happiness in his retirement," said Kevin Mills, President and CEO.
About Socket Mobile:
Socket Mobile is a leading provider of data capture and delivery
solutions for enhanced productivity in workforce mobilization.
Socket Mobile's revenue is primarily driven by the deployment of
third party barcode enabled mobile applications that integrate
Socket Mobile's cordless barcode scanners and contactless
reader/writers. Mobile Applications servicing the specialty
retailer, field service, transportation, and manufacturing markets
are the primary revenue drivers. Socket Mobile has a network of
thousands of developers who use its software developer tools to add
sophisticated data capture to their mobile applications. Socket
Mobile is headquartered in Newark,
Calif. and can be reached at +1-510-933-3000 or
www.socketmobile.com. Follow Socket Mobile on Facebook
and Twitter @socketmobile.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Such forward-looking statements include statements
regarding the expectation that we will achieve growth in the coming
years. Such statements involve risks and uncertainties, and actual
results could differ materially from the results anticipated in
such forward-looking statements as a result of a number of factors,
including, but not limited to, the risk that our new products may
be delayed or not rollout as predicted, if ever, due to
technological, market, or financial factors, including the
availability of necessary working capital, the risk that market
acceptance and sales opportunities may not happen as anticipated,
the risk that our application partners and current distribution
channels may choose not to distribute the new products or may not
be successful in doing so, the risk that acceptance of our new
products in vertical application markets may not happen as
anticipated, and other risks described in our most recent Form 10-K
and 10-Q reports filed with the Securities and Exchange
Commission.
Socket and the Socket logo are registered trademarks of Socket
Mobile, Inc. Apple, Android and Windows are trademarks respectively
of Apple Inc., Google Inc. and Microsoft Corporation registered in
the U.S. and other countries. All other trademarks and trade names
contained herein may be those of their respective
owners.
© 2019, Socket Mobile, Inc. All rights reserved.
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SOURCE Socket Mobile, Inc.