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