RADNOR, Pa., Nov. 3, 2020 /PRNewswire/ -- Safeguard
Scientifics, Inc. (NYSE:SFE) ("Safeguard" or the "Company")
announced that it will host a virtual discussion with David Ehrlich, CEO of Aktana at 10 a.m. on November
10, 2020.
In a continued effort to provide shareholders with additional
information about Safeguard's ownership interests, Dr. Gary Kurtzman, Managing Director of Safeguard
and board member of Aktana, will lead a discussion with Mr. Ehrlich
about Aktana's intelligent customer engagement platform for life
sciences teams. Aktana's Contextual Intelligence Engine
leverages a proprietary blend of AI, human insight and other
advanced technologies to help life sciences teams coordinate and
optimize personalized omnichannel experiences for healthcare
providers.
Mr. Ehrlich is a seasoned Silicon Valley veteran who's helped
start, grow and lead a number of successful technology
companies. He has extensive experience helping organizations
of all sizes establish business models, build product/marketing
strategies and meet their go-to-market challenges – all while
defining models of leadership, communication and culture.
Safeguard first provided capital to Aktana in 2016 and has
participated in multiple follow-on funding rounds aggregating to
$14.2 million of funded capital and a
15% primary ownership interest.
The discussion will be available live at
https://us02web.zoom.us/webinar/register/WN_-QqYOiNATsajupRQLHrr9w
and accessible for replay later at the Safeguard Scientifics, Inc.
Investor Relations website.
About Safeguard Scientifics
Historically,
Safeguard Scientifics (NYSE:SFE) has provided capital and relevant
expertise to fuel the growth of technology-driven businesses.
Safeguard has a distinguished track record of fostering
innovation and building market leaders that spans more than six
decades. Safeguard is currently pursuing a focused strategy
to value-maximize and monetize its ownership interests over a
multi-year time frame to drive shareholder value. For more
information, please visit www.safeguard.com.
About Aktana
Aktana is a pioneer in intelligent
engagement for the global life sciences industry. Committed
to customer success and innovation, Aktana empowers more than 250
brands to capitalize on data investments, drive productivity and
continually improve campaign performance. More than half of
the top 20 global pharmaceutical companies are Aktana
customers. Headquartered in San
Francisco, Aktana also has offices in Philadelphia, London, Barcelona, Tokyo, Osaka,
Shanghai, Beijing, Sydney and Sao
Paulo. For more information, please visit www.aktana.com
Forward-looking Statements
Except for the
historical information and discussions contained herein, statements
contained in this release may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Our forward-looking statements are
subject to risks and uncertainties. Forward-looking
statements include, but are not limited to, statements regarding
Safeguard's ability to maximize the value of monetization
opportunities of its ownership interests and drive total
shareholder returns, Safeguard's initiatives taken or contemplated
to enhance and unlock value for all of its shareholders,
Safeguard's efforts to execute on and implement its strategy to
streamline its organizational structure, reduce its operating
costs, pursue monetization opportunities for ownership interests
and maximize the return of value to its shareholders, Safeguard's
ability to create, unlock, enhance and maximize shareholder value,
the effect of Safeguard's management succession plan on driving
increased organizational effectiveness and efficiencies, the
ability of the management team to execute Safeguard's strategy, the
availability of, the timing of, and the proceeds that may
ultimately be derived from the monetization of ownership interests,
Safeguard's projections regarding the reduction in its ongoing
operating expenses, Safeguard's projections regarding annualized
operating expenses and expected severance expenses, monetization
opportunities for ownership interests, and the amount of net
proceeds from the monetization of ownership interests that will
enable the return of value to Safeguard shareholders after
satisfying working capital needs and the timing of such return of
value. Such forward-looking statements are not guarantees of
future operational or financial performance and are based on
current expectations that involve a number of uncertainties, risks
and assumptions that are difficult to predict. Therefore,
actual outcomes and/or results may differ materially from those
expressed or implied by such forward-looking statements. The
risks and uncertainties that could cause actual results to differ
materially include, among others, our ability to make good
decisions about the monetization of our ownership interests for
maximum value or at all and the return of value to our
shareholders, our ability to successfully execute on our strategy
to streamline our organizational structure and align our cost
structure to increase shareholder value, whether our strategy will
better position us to focus our resources on the highest-return
opportunities and deliver enhanced shareholder value, the ongoing
support of our existing ownership interests, the fact that our
companies may vary from period to period, challenges to achieving
liquidity from our ownership interests, fluctuations in the market
prices of our publicly traded holdings, if any, competition, our
inability to obtain maximum value for our ownership interests, our
ability to attract and retain qualified employees, market
valuations in sectors in which our ownership interests operate, our
inability to control our ownership interests, our need to manage
our assets to avoid registration under the Investment Company Act
of 1940, risks, disruption, costs and uncertainty caused by or
related to the actions of activist shareholders, including that if
individuals are elected to our Board with a specific agenda, it may
adversely affect our ability to effectively implement our business
strategy and create value for our shareholders and perceived
uncertainties as to our future direction as a result of potential
changes to the composition of our Board may lead to the perception
of a change in the direction of our business, instability or a lack
of continuity that may adversely affect our business, and risks
associated with our ownership interests, including the fact that
most of our ownership interests have a limited operating history
and a history of operating losses, face intense competition and may
never be profitable, the effect of economic conditions in the
business sectors in which Safeguard's companies operate, and other
uncertainties described in our filings with the Securities and
Exchange Commission. Many of these factors are beyond
Safeguard's ability to predict or control. As a result of
these and other factors, Safeguard's past operational and financial
performance should not be relied on as an indication of future
performance. Safeguard does not assume any obligation to
update any forward-looking statements or other information
contained in this press release.
SAFEGUARD CONTACT:
Mark
Herndon
Chief Financial Officer
(610) 975-4913
mherndon@safeguard.com
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SOURCE Safeguard Scientifics, Inc.