Pivot Technology Solutions (TSX:PTG)
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1 Year : From Dec 2018 to Dec 2019
TORONTO, Jan. 21, 2019 /CNW/ - Pivot Technology Solutions, Inc. (TSX: PTG) ("Pivot" or the "Company") is pleased to announce the appointment of Bob Pike as interim Chief Executive Officer of Smart-Edge.com, Inc., a wholly owned subsidiary focused on driving commercial penetration of the Company's patent-pending Smart Edge™ platform.
As one of the original developers of the Smart Edge™ platform and the current Chief Technology Officer, Mr. Pike is uniquely qualified to serve in this role. Earlier in his career, Mr. Pike served as: CTO for Network & Mobile Broadband solutions at ACS (US), a Pivot subsidiary specializing in enterprise infrastructure; President and COO of MDSI, a provider of RAN and network integration services; and, at AT&T where he won high-performance recognition in bringing digital data services to Enterprise clients. He is a graduate of Auburn University.
"We are pleased with the progress the team is making toward commercializing Smart Edge," said Kevin Shank, Chief Executive Officer of Pivot. "With his in-depth understanding of the technology and unique insights into how 5G can deliver value to the Commercial Clients, Bob is well equipped to advance this exciting business opportunity."
"Momentum is clearly building at Smart Edge," said Mr. Pike. "We are focusing our efforts on turning successful field trials, use cases and collaborations into deployments. I'm delighted to work alongside the Chief Architect for Smart Edge, Nick Ross, and the entire Smart Edge team to translate this technology into value for enterprise clients."
Mr. Pike succeeds Kurt Steinhauer who is no longer with the Company. "We thank Kurt for his contributions as part of ACS/Smart Edge. We wish him the best of luck in his future endeavors," said Mr. Shank.
ABOUT SMART EDGE
Smart Edge™ is an innovative developer platform designed to support enterprise Multi-Access Edge Computing (MEC) solutions. Through use cases to date, the Smart Edge solution has demonstrated its ability to improve performance, enhance user experiences and reduce ongoing edge total cost of ownership – all key factors in customer adoption of 5G technologies. Revenue generation is expected to grow with the adoption of 5G.
ABOUT EDGE COMPUTING
Edge computing is a rapidly growing area of IT that moves virtualization and data processing to the edge of a network, as close to the user or originating source of data as possible. With Smart Edge™, users can harness the power of edge computing to decentralize their information technology architecture, enhance IT performance and reduce network congestion. These advancements enable compute-intensive artificial intelligence while protecting sensitive data.
ABOUT PIVOT TECHNOLOGY SOLUTIONS
Pivot is an industry leading information technology services and solutions provider to many of the world's most successful companies, including members of the Fortune 1000, as well as governments and educational institutions. By leveraging its extensive OEM partnerships and its own fulfillment, professional, deployment, workforce and managed services, Pivot supports the IT infrastructure needs of its clients. For more information, visit www.pivotts.com.
FORWARD LOOKING STATEMENTS
This news release contains statements that, to the extent they are not recitations of historical fact, may constitute "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements include statements regarding the sales potential of the Smart Edge technology platform and the value creation and revenue generation potential of Smart-Edge.com, Inc., Pivot's new business unit. Pivot uses words such as "may", "would", "could", "will", "likely", "expect", "believe", "intend", "anticipate" and similar expressions to identify forward-looking statements. Any such forward-looking statements are based on assumptions and analyses made by Pivot in light of its experience and its perception of historical trends, current conditions and expected future developments. However, whether actual results and developments will conform to Pivot's expectations and predictions is subject to any number of risks, assumptions and uncertainties, including the risk that the roll out of the Smart Edge technology will be delayed, and other risks detailed in the Company's Annual Information Form for the year ended December 31, 2017 available at sedar.com. Many factors could cause Pivot's actual results to differ materially from those expressed or implied by the forward-looking statements contained in this news release. The "forward-looking statements" contained herein speak only as of the date of this news release and, unless required by applicable law, the Company undertakes no obligation to publicly update or revise such information, whether as a result of new information, future events or otherwise.
SOURCE Pivot Technology Solutions, Inc