Technology

Introduction Applied sciences Pronounces New Chief Monetary Officer

BOSTON–(BUSINESS WIRE)–Introduction Applied sciences Holdings, Inc. (NASDAQ: ADN) (“Introduction” or the “Firm”), an innovation-driven chief within the gasoline cell and hydrogen know-how area, at the moment introduced that Kevin Brackman shall be becoming a member of the Firm as its new Chief Monetary Officer. He’ll report back to Introduction Chairman and CEO Dr. Vasilis Gregoriou.

Mr. Brackman is a extremely skilled government who most lately served as CFO of Myers Industries, a publicly traded company with internationally situated manufacturing and gross sales operations within the polymer manufacturing sector. Earlier than his promotion to CFO in 2018, he served as Myers’ chief accounting officer and company controller. Previous to becoming a member of Myers, Mr. Brackman was director of economic planning and evaluation, monetary reporting and technical accounting at Ingersoll-Rand and beforehand excelled in quite a lot of positions at Chiquita Manufacturers Worldwide, together with assistant company controller and controller – North American operations. He’s skilled main within the public firm surroundings and has a observe document of growing and bettering inside controls and reporting programs throughout all ranges of a company.

Mr. Brackman said, “I’m excited by the chance at Introduction and stay up for supporting the Firm by the mixing of its focused acquisitions of Serenergy and fischer eco options. I plan to leverage the expertise I’ve gained over practically thirty years in accounting and monetary reporting to assist the Firm in its mission to decarbonize the planet by Introduction’s progressive gasoline cell know-how.”

Dr. Vasilis Gregoriou, Introduction’s Chairman and CEO, mentioned, “Kevin’s robust background in finance and accounting shall be an asset to Introduction and he has the experience to assist the Firm attain the subsequent stage in its progress. He has a demonstrated historical past of success, and I’m happy that he has determined to affix us in our goal of offering inexperienced energy throughout all power sectors.”

Mr. Brackman replaces Invoice Hunter, who had served as CFO of Introduction following its merger in February 2021 with AMCI Acquisition Corp., the place he was Chief Government Officer. Mr. Hunter left Introduction to pursue different pursuits and proceed his current board work.

Invoice’s efforts had been instrumental in Introduction making its debut on the general public markets, and everybody on the Firm needs him the most effective of luck in his future endeavors,” mentioned Dr. Gregoriou.

Invoice Hunter said, “I’m very happy with the work that the Introduction group has executed to make the enterprise mixture with AMCI Acquisition Corp. successful. With groundbreaking know-how and the management of Dr. Gregoriou and his group, the long run could be very shiny for the Firm going ahead.”

About Introduction Applied sciences Holdings, Inc.

Introduction Applied sciences Holdings, Inc. is a U.S. company that develops, manufactures, and assembles vital parts for gasoline cells and superior power programs within the renewable power sector. Introduction is headquartered in Boston, Massachusetts, with workplaces within the San Francisco Bay Space and Europe. With 120-plus patents issued (or pending) for its gasoline cell know-how, Introduction holds the IP for next-generation high-temperature proton change membranes (HT-PEM) that allow numerous fuels to operate at excessive temperatures beneath excessive circumstances – providing a versatile “Any Gasoline. Anyplace.” possibility for the automotive, maritime, aviation, and energy era sectors. For extra data, go to www.creation.power.

Cautionary Be aware Relating to Ahead-Trying Statements

This press launch contains forward-looking statements. These forward-looking statements usually might be recognized by way of phrases corresponding to “anticipate,” “anticipate,” “plan,” “might,” “could,” “will,” “consider,” “estimate,” “forecast,” “purpose,” “mission,” and different phrases of comparable which means. Every forward-looking assertion contained on this press launch is topic to dangers and uncertainties that might trigger precise outcomes to vary materially from these expressed or implied by such assertion. Relevant dangers and uncertainties embrace, amongst others, the Firm’s means to appreciate the advantages from the enterprise mixture; the Firm’s means to take care of the itemizing of the Firm’s frequent inventory on Nasdaq; future monetary efficiency; public securities’ potential liquidity and buying and selling; influence from the end result of any recognized and unknown litigation; means to forecast and keep an enough charge of income progress and appropriately plan its bills; expectations relating to future expenditures; future mixture of income and impact on gross margins; attraction and retention of certified administrators, officers, workers and key personnel; means to compete successfully in a aggressive trade; means to guard and improve our company status and model; expectations regarding {our relationships} and actions with our know-how companions and different third events; influence from future regulatory, judicial and legislative modifications to the trade; means to find and purchase complementary applied sciences or providers and combine these into the Firm’s enterprise; future preparations with, or investments in, different entities or associations; and intense competitors and aggressive strain from different firms worldwide within the industries during which the Firm will function; and the dangers recognized beneath the heading “Threat Components” in our Annual Report on Type 10-Okay/A filed with the Securities and Change Fee on Could 20, 2021, in addition to the opposite data we file with the SEC. We warning traders to not place appreciable reliance on the forward-looking statements contained on this press launch. You’re inspired to learn our filings with the SEC, out there at www.sec.gov, for a dialogue of those and different dangers and uncertainties. The forward-looking statements on this press launch communicate solely as of the date of this doc, and we undertake no obligation to replace or revise any of those statements. Our enterprise is topic to substantial dangers and uncertainties, together with these referenced above. Buyers, potential traders, and others ought to give cautious consideration to those dangers and uncertainties.

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