LIMERICK, Ireland, May 21, 2021 /CNW/ - kneat.com, inc.
(TSXV: KSI) ("Kneat or the company") is pleased to announce
the election of accomplished executive, Mrs. Nutan Behki, to its
Board of Directors, the adoption of its new Omnibus Equity
Incentive Plan, and the release date for the company's first
quarter financial results.
Accomplished Technology Executive, Nutan Behki, is Elected to Join Kneat's Board of
Directors
Further to the announcement of her nomination for the company's
board of directors on April
22nd, 2021, Kneat is pleased to confirm Mrs.
Nutan Behki's election to the company's Board of Directors
following the Annual and Special Meeting of Shareholders held on
May 20th, 2021.
Mrs. Behki brings over 25 years of global software development
leadership experience to Kneat, in addition to significant
experience leading large global teams and partner networks.
"The Board of Directors and I are very pleased to welcome Nutan
to the team. Her experience in product strategy, SaaS development,
and technical leadership will be invaluable to support our
continued growth", said Mr. Ian
Ainsworth, Chair of the Board.
Mrs. Behki's election is accompanied by the re-election of the
six existing directors. The company's Board has now expanded to 7
directors, 5 of whom are independent.
Kneat Adopts New Omnibus Equity Incentive Plan
Kneat reports the adoption of the new Omnibus Equity Incentive
Plan (the "Plan") was approved by the company's disinterested
common shareholders at its Annual and Special Meeting of
Shareholders held on May
20th, 2021 for purposes of increasing the
interest of, incentivizing, rewarding, attracting, and retaining
plan participants.
The Plan permits such number of options (each, an "Option") to
be granted equal to up to 10% of Kneat's issued and outstanding
common shares. The maximum number of common shares available for
issuance pursuant to the settlement of DSUs and RSUs shall be
4,000,000. Please refer to the company's Management Information
Circular dated April 15th,
2021, which is available on SEDAR at www.sedar.com under Kneat's
profile, for a copy and summary of the Omnibus Equity Incentive
Plan.
Kneat Announces Release Date for First Quarter Financial
Results
Kneat announces that the Company will release its Financial
Results for the quarter ended March 31,
2021 after TSX-V market close on Tuesday, May 25th, 2021. Eddie Ryan, Chief Executive Officer and
Hugh Kavanagh, Chief Financial
Officer, will host a conference call and Q&A via webcast on
Wednesday, May 26th at
09:00 EDT (14:00 BST).
Interested parties can register for the live webcast via the
following link:
https://bit.ly/3eYgSDX
Or, attend via teleconference
Ireland +353 15 360 755
Canada +1 (647) 497-9389
United States +1 (951)
384-3421
United Kingdom +44 330 221
9922
The First Quarter Financial Results will be available from the
Financial Information section of the Investors page on the Kneat
Solutions website, at: https://kneat.com/investors/
About Kneat
Kneat, a Canadian company with operational headquarters in
Limerick, Ireland, develops and
markets the next generation Kneat Gx SaaS platform. Multiple
business processes can be configured on Kneat Gx from equipment to
computer system validation, through to quality document
management.
Kneat Gx allows users to author, review, approve, execute
testing online, manage any exceptions and post approve final
deliverables in a controlled FDA 21 CFR Part 11/ Eudralex Annex 11
compliant platform. Macro and micro report dashboards enable
powerful oversight into all systems, projects, and processes
world-wide.
Customer case studies are reporting productivity improvements in
excess of 100% and a higher data integrity and compliance standard.
For more information visit www.kneat.com.
Cautionary and Forward-Looking Statements
Except for the statements of historical fact contained herein,
certain information presented constitutes "forward-looking
information" within the meaning of applicable Canadian securities
laws. Such forward-looking information, includes, but is not
limited to, the relationship between Kneat and the customer,
Kneat's business development activities, the use and implementation
timelines of Kneat's software within the customer's validation
processes, the ability and intent of the customer to scale the use
of Kneat's software within the customer's organization and the
compliance of Kneat's platform under regulatory audit and
inspection. While such forward-looking statements are expressed by
Kneat, as stated in this release, in good faith and believed by
Kneat to have a reasonable basis, they are subject to important
risks and uncertainties. As a result of these risks and
uncertainties, the events predicted in these forward-looking
statements may differ materially from actual results or events.
These forward-looking statements are not guarantees of future
performance, given that they involve risks and uncertainties. The
forward-looking information in this press release does not include
a full assessment or reflection of the unprecedented impacts of the
COVID-19 pandemic occurring since the first quarter of 2020 and the
ongoing and developing resulting indirect global and regional
economic impacts. This has resulted in significant economic
uncertainty and even though the company has to date experienced no
significant impact to its operations, any potential impact on our
future is difficult to understand or measure at this time.
Kneat does not undertake any obligation to release publicly
revisions to any forward-looking statement, except as may be
required under applicable securities laws. Investors should not
assume that any lack of update to a previously issued
forward-looking statement constitutes a reaffirmation of that
statement. Continued reliance on forward-looking statements is at
an investors' own risk.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE kneat.com, inc.