BELLEVUE, Wash., Aug. 22, 2019 /PRNewswire/ -- Bsquare Corporation
(NASDAQ: BSQR), a builder of technology that is powering the next
generation of intelligent devices and the systems in which they
operate, today announced the appointment of Chris Wheaton as Chief Financial Officer,
effective September 9, 2019.
Mr. Wheaton is an experienced entrepreneur and veteran financial
and operations executive. Previously he co-founded and
served as CFO and COO of EnerG2, a manufacturer of advanced
materials for energy storage applications. Under Mr.
Wheaton's leadership, the company capitalized, built, and operated
the only manufacturing facility in the world dedicated solely to
the production of engineered energy storage materials. EnerG2
was acquired in 2015 by BASF. Chris has also held the
CFO position at Pacific Science Center and served as interim CFO in
companies around the Puget Sound. Earlier in his career, he
held executive positions at Loudcloud, Inc., the first cloud
computing company. Chris received a BA from Northwestern University in Chicago and an MBA from the Stanford Graduate
School of Business.
"Chris has a unique mix of financial, operational, and general
management experience spanning more than 25 years in highly diverse
endeavors. He's a financial entrepreneur with a track record of
leading in times of rapid expansion and significant change," said
Ralph C. Derrickson, President and
CEO, Bsquare Corporation. "I look forward to partnering with
Chris to accelerate the execution of the One Bsquare initiatives
returning us to growth and profitability."
"Bsquare is well positioned to lead the transition to
intelligent devices and systems while creating new business models
and opportunities. I am thrilled to join the Bsquare team and put
my entrepreneurial experience to work in collaboration with Ralph
and the Board of Directors," said Chris
Wheaton, CFO, Bsquare Corporation.
About Bsquare
Bsquare builds technology that is powering the next generation of
intelligent devices and the systems in which they operate. We
believe the promise of IoT will be realized through the development
of intelligent devices and intelligent systems that are
cloud-enabled, contribute data, facilitate distributed control
& decision making, and operate securely at scale. Bsquare's
suite of services and software components allow our customers to
create new revenue streams and operating models while providing new
opportunities for lowering costs and improving operations. We serve
a global customer base from offices in Bellevue, Washington, the United Kingdom and Taiwan. For more
information, please visit www.bsquare.com.
Cautionary Note Regarding Forward-Looking Statements
This release contains "forward-looking statements" under
applicable securities laws. Such statements can be identified by
words such as: "accelerate," "create," "future," "may,"
"transition," "believe," and similar references to future periods.
Forward-looking statements include statements regarding our ability
to achieve initiatives, the promise of IoT, future leadership,
expected financial and operating results, and other statements
regarding strategies, growth, or other future events or conditions.
Such statements are based on our current beliefs, expectations and
assumptions about future events or conditions, which are subject to
inherent risks and uncertainties, including our ability to realize
the cost savings and other benefits of our planned restructuring
initiatives, to execute our business development initiatives and
sales and marketing strategies, to gain new long-term customers and
retain existing ones, and to leverage strategic partnering
initiatives with companies such as Microsoft, AWS and Intel, along
with the other risks and uncertainties discussed in our most recent
Annual Report on Form 10-K and other filings with the Securities
and Exchange Commission. Actual results may differ materially from
those indicated in forward-looking statements, and you should not
place undue reliance on them. All statements herein are based only
on information currently available to us and speak only as of the
date hereof. Except as may be required by law, we undertake no
obligation to update any such statement.
BSQUARE
Contact:
|
Investor
Contact:
|
Ralph C Derrickson,
President & CEO
|
Leslie
Phillips
|
BSQUARE
Corporation
|
The Blueshirt
Group
|
+1
425.519.5900
|
+ 1
415.217.5869
|
investorrelations@bsquare.com
|
leslie@blueshirtgroup.com
|
Bsquare, the Bsquare Logo, and DataV are trademarks of
Bsquare Corporation in the U.S. and other countries. Other names
and brands herein may be trademarks of others.
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SOURCE Bsquare