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Beaufort, South Carolina, March 08, 2021 (GLOBE NEWSWIRE) — Historic Beaufort Foundation is preparing for its annual Spring Architect’s Tour, which is set for 10 a.m.- 4:30 p.m. Saturday, March 20 and includes houses spread across five Lowcountry Islands. This year’s event – sponsored by Gilbert Law Firm, Broad River Construction, Allen Patterson Builders, Howell Builders and Phifer Construction – will guide attendees on a unique journey of Beaufort through examples of both traditional and contemporary architecture, showcasing the creative and distinctive imprint of some of the area’s most accomplished architects. The houses chosen for this year’s tour interpret Lowcountry architecture through 21^st century design, and all the featured properties have either been recently completed or are under construction and will be part of the “hard hat” portion of the tour.

HBF has prioritized tour participants’ safety during the event and will ensure that protocols are in place for signage, social distancing, masking, hand sanitizer usage, and other necessary precautions. Masks will be required when inside the properties.

Beaufort has boasted some of the souths most interesting architecture since the city began to take shape in the 18^th century. Today, local architects continue that tradition of excellence. This year’s tour will highlight the work of Allison Ramsey Architects, Frederick and Frederick Architects and Montgomery Architecture & Planning. Throughout the tour, architects, builders, and contractors will be onsite to provide information, talk about the homes and answer questions. Representatives from Broad River Construction, Allen Patterson Builders, Howell Construction, Phifer Contracting and TD Commercial Builders will also be in attendance.   

Properties included in this year’s tour are located on the Port Royal Island in historic downtown Beaufort, on Lady’s Island at Factory Creek, Cane Island, St. Helena Island at Station Creek and Fripp Island.

The Cara May Cottage – a cozy small house – in Beaufort’s Historic District (Port Royal Island) was designed by Allison Ramsey Architects and built by TD Commercial Builders. The interior design was done by owners Jeremiah and Emily Smith. The cottage is 400 SF with one bedroom and bath, similar in size to the original freedman cottages built throughout the North West Quadrant of Beaufort’s Historic District in the late 19^th century. The 11’ ceilings, 6.5’ tall casement windows and the chic modern interiors bring this home design into the modern day. The cottage porch and cozy built-in breakfast nook on the street side bring curb appeal and encourage outdoor living and engagement with neighbors. The cottage is named after the owner/architect’s daughter, Cara May.

The Cane Island House was designed by Frederick & Frederick Architects, and is being built by Patrick McMichael of Broad River Construction and Matt Phifer of Phifer Construction. Interior design is by Frederick & Frederick Architects. The home’s custom design provides a more contemporary feel than the traditional Lowcountry style and emphasizes the owner’s desire for a light-filled house with clean lines. This contemporary design uses the local vernacular vocabulary of single width rooms with great cross ventilation, a raised first floor, large porches, and high ceilings. The 21^st century twist is seen in the large lift and slide doors on the front and back, the dramatic staircase with clear story windows and skylights combined with clean details.

The house has a super-efficient building envelope with the addition of a geo-thermal HVAC and hot water system and solar panels; the house will be net-zero. The solar panels will charge a Tesla battery wall for backup electricity and excess power will be sold to the power company through net metering.

The St. Helena Island House at Station Creek was designed by Montgomery Planning & Architecture and was built by Allan Howell of Howell Builders. This ultra-modern home sits along the marshes of Station Creek with views to St. Phillips Island, Bay Point, and the mouth of the Port Royal Sound. The site provides enjoyment of the Lowcountry landscape with sweeping natural vistas. The design emphasizes the expansive views of the surrounding maritime environment. The contemporary interior of the house was designed by the owner, Susan Loeffler.

The Fripp Island House was designed by Allison Ramsey Architects, and is being built by Allen Patterson of Allen Patterson Builders. Interior design is also being done by Allen Patterson Builders. This custom waterfront house has a great view of the Atlantic Ocean with southern coastal charm. Garden spaces and a pool accent the interior side of the lot, adding to outdoor living opportunities. The house plan interior floorplan is that of an “upside-down house,” where the kitchen and living spaces are located on the top floor to take in the expansive views and large porches. The exterior design has Caribbean influence with southern details. 2500 SF of covered porches, screened porches and rooftop deck with fireplaces provides outdoor living at its best.

The Factory Creek home on Lady’s Island was designed by Montgomery Planning & Architecture and is being built by Matt Phifer of Phifer Construction. This innovative project is a blend of old and new by reimagining a 1970’s split-level house into a sensitive and sustainable design. The original 2-story bedroom wing has been retained and a new living, kitchen, and dining area, along with a third floor “perch” was designed to incorporate an expansive screen porch for better interaction with the surrounding environment and views of Factory Creek. Solar panels and cistern for rainwater harvesting have also been incorporated into the design.

“Whether you are a history buff, a lover of architecture, or looking for inspiration for your own home, this year’s architectural tour has something for everyone. Please join us to enjoy this unique opportunity for a behind the scenes look at some of the Lowcountry’s most exciting new architecture,” said Cynthia Jenkins, Historic Beaufort Foundation’s Executive Director.

The Spring Architect’s Tour will take place rain-or-shine. Advanced reservations are strongly recommended as this popular event tends to fill up quickly. Tickets are $65 each and may be purchased by calling HBF at 843-379-3331 or going online to https://historicbeaufort.org/event/spring-architects-tour/. The tour is self-paced and self-driven. 

HBF is a 501(c)3 nonprofit education foundation created to preserve, protect, and present sites and artifacts of historic, architectural, and cultural interest throughout Beaufort County, South Carolina. For more information on the entity’s mission and history, please visit historicbeaufort.org and follow them on social media, including Facebook and Instagram.

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NEW YORK, March 08, 2021 (GLOBE NEWSWIRE) — Institutional Investor’s Allocator Intel is pleased to announce the launch of Women in Investment Management, an annual, allocator-driven platform that lists the most prominent women in asset management. This initiative offers a mark of distinction, with the 50 featured professionals nominated by their peers in recognition for gender advancement, driving the industry through diversity of thought, and serving as role models to other investment management professionals, regardless of gender.

When asked about her role in this new platform, Roz Hewsenian, Chief Investment Officer of the Helmsley Charitable Trust and Chair of Allocator Intel’s Women in Investment Management Group, stated, “I am so pleased to serve as the Chair for this initiative for women to champion women so we all reach the apex of our careers.”

Katarina Storfer, Institutional Investor’s Global Director of Investor Relations, offered a glimpse at the overall initiative and its significance. “We want to recognize the women around the globe who are truly empowering other women in the asset management industry, through inspirational leadership and direction to not only their colleagues and industry peers, but to the next generation of aspiring investment professionals. This event offers a platform to celebrate these women, whose titles include CEO, CIO, and VP, inviting them to tell their stories, and to serve as a beacon for others in the industry.”

Gregory Yates, Institutional Investor’s Chief Marketing Officer, added to Ms. Storfer’s assessment: “The global community of women in the asset management space have a wealth of both professional and life experience to share with their peers. We expect that this annual event, replete with storytelling and knowledge sharing, will serve as more than a point of reference by establishing new paradigms for leadership, and positively impacting the collective industry thought process. We look forward to seeing the incredible insights offered this year, next year, and for years to come.”

The nominee list and the series are available via Allocator Intel’s community, Institutional Investor’s peer-to-peer gathering space for global asset owners to network, gain actionable insights, and access proprietary content and research.

About Allocator Intel

Allocator Intel is the premier platform that offers unique data and community to asset managers and owners via forward-looking, globally comparable information on asset flows, and opportunities through peer discussions, interviews, private networking and proprietary, data-driven content: https://www.iinetworks.com/.

About Institutional Investor

Institutional Investor is the trusted concierge for the world’s asset managers and owners, delivering unparalleled access to this exclusive community through our gold standard experiences. Whether in-person or digital, every experience is adaptive to the needs of our clientele. We supply them with exclusive events, competitive intelligence, commercial exposure, capital placement and private community. Through our personalized service, we convene this influential group to facilitate the growth of their business. Based in New York City, Institutional Investor has offices in London, Hong Kong, and Santa Monica. For more information, visit https://www.institutionalinvestor.com/ and follow us on LinkedIn, and @InstInvest across Twitter, Facebook and Instagram.

Media Contact:

Gregory Yates

Chief Marketing Officer
(212) 224-3670
[email protected]

WOODBURY, NY, March 08, 2021 (GLOBE NEWSWIRE) — Research Frontiers Inc. (Nasdaq: REFR) announced today that it will release its fourth quarter and full year 2020 financial results on Thursday, March 11, 2021. Research Frontiers will host a conference call at 4:30 p.m. Eastern Time on Thursday, March 11, 2021 to discuss its fourth quarter and full-year 2020 financial and operating results as well as recent developments.

• Who: Joseph M. Harary, President & CEO

• Date/Time: Thursday, March 11, 2021, 4:30 PM ET
• Dial-in Information: 1-888-334-5785

• Questions: Email to [email protected]

• Replay: Available on Friday, March 12, 2021 for 90 days at https://smartglass-ir.com/

About Research Frontiers

Research Frontiers (Nasdaq: REFR) is a publicly traded technology company and the developer of patented SPD-Smart light-control film technology which allows users to instantly, precisely and uniformly control the shading of glass or plastic products, either manually or automatically. Research Frontiers has licensed its smart glass technology to over 40 companies that include well known chemical, material science and glass companies. Products using Research Frontiers’ smart glass technology are being used in tens of thousands of cars, aircraft, yachts, trains, homes, offices, museums and other buildings. For more information, please visit our website at www.SmartGlass.com, and on Facebook, Twitter, LinkedIn and YouTube.

Note: From time to time Research Frontiers may issue forward-looking statements which involve risks and uncertainties. This press release contains forward-looking statements. Actual results, especially those reliant on activities by third parties, could differ and are not guaranteed. Any forward-looking statements should be considered accordingly. “SPD-Smart” and “SPD-SmartGlass” are trademarks of Research Frontiers Inc.

CONTACT

Joseph M. Harary
President and CEO
Research Frontiers Inc.
+1-516-364-1902
[email protected]

SAN DIEGO, March 08, 2021 (GLOBE NEWSWIRE) — AXIM® Biotechnologies, Inc. (OTCQB: AXIM) (“AXIM® Biotech,” “AXIM” or “the Company”), an international healthcare solutions company targeting oncological and COVID-19 research, announced today that it has successfully completed point-of-care clinical trials on its much awaited ImmunoPass rapid test that semi-quantitatively measures levels of COVID-19 neutralizing antibodies to help understand COVID-19 immunity, validate vaccine’s effectiveness and estimate how long the vaccine will be effective in patients.

The Company conducted two studies, one in partnership with the Company’s manufacturing partner Empowered Diagnostics and the second in partnership with a top accredited university medical center. The main goal of these studies was to identify the ability of operators to successfully utilize ImmunoPass to accurately measure each participant’s level of neutralizing antibodies. Study findings reveal that operators found ImmunoPass easy to use and that they encountered no issues in using the Company’s test to measure participants’ COVID-19 neutralizing antibodies.

AXIM® Biotech CEO John W. Huemoeller II commented: “We want to thank those who volunteered for the studies as they would not have been possible without their participation. These studies are a critical step in our goal of getting ImmunoPass to point-of-care locations as quickly as possible to aid in slowing the spread of the COVID-19 virus. Our study results demonstrate that ImmunoPass is easy to operate in addition to being affordable, portable, quick and accurate.”

The Company is currently working with Empowered Diagnostics to compile the study results and file an Emergency Use Application (EUA) with the U.S. Food and Drug Administration (FDA) for the use of ImmunoPass in detecting COVID-19 neutralizing antibodies in whole blood at point-of care locations.

AXIM and Empowered Diagnostics are finalizing a robustness study on ImmunoPass to further confirm the test’s accuracy when conducted under varying conditions. To date, the Company has completed various interference studies and live virus studies in this process.

To learn more about ImmunoPass, please visit https://aximbiotech.com/science/covid-19-diagnostic-research/.

About AXIM® Biotechnologies

Founded in 2014, AXIM® Biotechnologies, Inc. (AXIM) is a vertically integrated research and development company focused on changing diagnosis and treatment for oncology and SARS-CoV-2 (COVID-19). AXIM’s COVID-19 rapid neutralizing antibody test is the first rapid diagnostic test measuring levels of functional neutralizing antibodies that are believed to prevent SARS-CoV-2 from entering the host cells.
Additionally, the Company is developing rapid diagnostic tests for the early detection of cancer and proprietary small molecules drugs to treat cancer and block metastasis. For more information, please visit www.AXIMBiotech.com.

Forward-Looking Statements

The statements made by Axim Biotechnologies Inc., in this press release may be “forward-looking” in nature within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe Axim’s future plans, projections, strategies and expectations, and are based on assumptions and involve a number of risks and uncertainties, many of which are beyond the control of Axim Biotechnologies, Inc. Actual results could differ materially from those projected due to there being no assurance that our diagnostic candidate will be successfully shown to detect SARS-CoV-2 neutralizing antibodies, that the diagnostic candidate will be approved for use by the U.S. FDA or any equivalent foreign regulatory agency, that the diagnostic candidate can be manufactured in large quantities or that third parties with an established presence in blood collection clinics, vaccine development, employer or individual use will enter into agreements or purchase from the Company, and even if the Company’s diagnostic candidate is successful, it may generate only limited revenue and profits for the Company, including whether any of Axim’s diagnostic products will receive clearance from the U.S. Food and Drug Administration or equivalent foreign regulatory agencies to sell its products and whether and when, if at all, they will receive final approval from the U.S. FDA or equivalent foreign regulatory agencies, the fact that there has never been a commercial diagnostic test utilizing neutralizing antibodies approved for use and various other factors detailed from time to time in Axim’s SEC reports and filings, including our Annual Report on Form 10-K filed on May 13, 2020 and our subsequent quarterly report on Form 10-Q filed on June 30, 2020, and other reports we file with the SEC, which are available at www.sec.gov. Axim Biotechnologies, Inc., undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, unless otherwise required by law.

CONTACT:

Public Relations Contact:

Kathryn Brown
Account Supervisor
CMW Media
P. 858-264-6600
[email protected]
www.cmwmedia.com

AXIM Corporate Contact Info:

6191 Cornerstone Ct., Ste. 114
San Diego, CA 92121, USA
P. 858-923-4422

Investor Relations Contact:

[email protected] 
888-759-0844

MONTVALE, N.J., March 08, 2021 (GLOBE NEWSWIRE) — MICT, Inc. (Nasdaq: MICT), (the “Company”), announced today that its majority-owned subsidiary, Micronet Ltd., (“Micronet’) has received a purchase order for 2,000 units of its SmartCam connected product from a one of North America’s largest telematics service providers. The total aggregate order is worth approximately US$0.9 Million.

The SmartCam is designed for in-vehicle use, with advanced telematics capabilities and connectivity to the cellular network (4G). The SmartCam is an all-in-one video telematics device, with open and powerful android platform, ruggedized, integrated, with capabilities to support complete telematics features. Coupled with vehicle-connected interfaces, diagnostic capabilities, and two cameras, it offers video analytics and telematics services, addressing safety, vehicle health, and tracking needs of vehicle fleets.

“This order is further evidence of the traction that our subsidiary, Micronet, continues to build with its highly innovative SmartCam product,” stated Darren Mercer, CEO of MICT. “Whilst our focus is on the continued development of our three main fintech verticals, we are very pleased to see Micronet’s ongoing success and progress towards gaining market share in the fast-growing video telematics sector, which continues to justify our investment in the company.”

SmartCam is a world pioneering, all-in-one video telematics device with an ability to integrate and analyze a wide range of data received from multiple sensors. An open and powerful Android platform, ruggedized, integrated, and ready-to-go smart camera supporting complete telematics features designed for in-vehicle use. SmartCam integrates driver facing cameras, road facing cameras, vehicle mechanical and operating data, vehicle location, and a powerful telematics on-board computer, enabling local processing of AI and image processing algorithms. Micronet’s SmartCam provides a versatile, advanced, and affordable mobile computing platform for a variety of fleet management and video analytics solutions. The powerful computing platform, coupled with the Android 9 operating system, allows fleet managers to run their own applications or pick and choose a set of applications and services from Micronet Marketplace.

About MICT, Inc.

MICT, Inc. (NasdaqCM: MICT) operates through its subsidiaries, GFH Intermediate Holdings Ltd. (“GFHI”) and Micronet Ltd. (“Micronet”). GFHI’s versatile proprietary trading technology platform is designed to serve a large number of high growth sectors in the global fintech space. Primary areas of focus include online brokerage for equities trading and sales of insurance products in several high-growth foreign markets including Asia where GFHI owns a substantial propriety database of users. Micronet operates in the growing commercial Mobile Resource Management (MRM) market, mainly in the United States. Micronet designs, develops, manufactures and sells rugged mobile computing devices that provide fleet operators and field workforces with computing solutions in challenging work environments.

Forward-looking Statement

This press release contains express or implied forward-looking statements within the Private Securities Litigation Reform Act of 1995 and other U.S. Federal securities laws. These forward-looking statements include, but are not limited to, our expectations about receiving orders for our products in the future, statements regarding our business and operations, statements regarding SmartCam, our expectations regarding the global logistics and transportation telematics industry growth, and the belief that a majority stake in Micronet will leverage our global platform to grow the telematics business. Such forward-looking statements and their implications involve known and unknown risks, uncertainties and other factors that may cause actual results or performance to differ materially from those projected. The forward-looking statements contained in this press release are subject to other risks and uncertainties, including those discussed in the “Risk Factors” section and elsewhere in the Company’s annual report on Form 10-K for the year ended December 31, 2019 and in subsequent filings with the Securities and Exchange Commission. Except as otherwise required by law, the Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

For further information, please contact:
MICT, Inc.
[email protected]
+1 (201) 225-0190

Aroostook County, ME, March 08, 2021 (GLOBE NEWSWIRE) — Melanie Lagasse, Food Service Director at Valley Unified Education Service Center (MSAD 27, MSAD 33 and Madawaska School Department) identified a potential challenge and instinctively knew what to do. Schools were virtual, students and adults were stuck inside as a result of the COVID-19 pandemic, and people were becoming increasingly hungry. 

In response to this crisis, Lagasse and her small army of kitchen staff and volunteers, school bus drivers, Ed Techs and a new partner, ModivCare (formerly LogistiCare), went to work.

Lagasse’s initial efforts, that first began in March 2020 and ran through August, resulted in over 262,000 meals delivered via school bus. When the food program began, everyone in the school staff at Fort Kent Community High School chipped in, turning out an initial 2,040 meals in about two hours.

Realizing she needed more help on the delivery side, Melanie was introduced to ModivCare by Full Plates Full Potential and reached out to the transportation company in order to supplement meal deliveries from December 2020 through February 2021.

ModivCare has provided non-emergency medical transportation in several regions of the state including Aroostook County, the largest American county by land east of the Mississippi since 2013. Since the inception of its contract, ModivCare has developed a network of transportation providers aligned with the unique needs of Maine residents. Given the rural geography of the state, many residents rely on medical providers that are miles from their homes and with limited transportation options – this network can often serve as a lifeline for Medicaid members.

“We couldn’t be more appreciative of ModivCare’s help in providing such reliable and friendly help,” said Lagasse. “Two of ModivCare’s woman-owned transportation providers, Town Taxi and L&L Transportation, jumped in to help out delivering meals to families across Aroostook County with smiles and a can-do attitude.”

At times, the transportation providers traveled more than 60 miles to pick up food. Once the transportation providers received delivery instructions, off they went – delivering two days’ worth of meals to 60-100 homes, where they placed food into coolers and containers outside the families’ doors.

The delivery teams dropped off 40 meals, three times a week to students in the area served by Dr. Levesque Elementary School in Frenchville and 60 meals, three times a week in the area served by Fort Kent Community High School. Each drop consisted of breakfast and lunch meals per child in each household.

“This was an all-out team effort on both the cooking and delivery sides,” said Lagasse. “I asked our stellar kitchen staff for their input as I created the menus thus preparing a wide variety of foods to heat and serve including lasagna, meatloaf, mashed potatoes, turkey dinners, garlic pork, fried rice, and more,” she added. “Our goal was to make and deliver nutritious meals we knew our students were used to getting when they were in the school building. We delivered hot meals and something to be heated as well as breakfast, enough food for two days at a time.”

The school district’s efforts received a Gold award from Let’s Go! 5210 for Healthy Kids for all six schools in our district for best practice in the kitchen and cafeteria prior to the initial school closing.

“We are laser-focused on driving positive outcomes by transforming how we connect Mainers to care, particularly during these challenging times,” said Daniel Greenleaf, President and CEO of ModivCare. “The school food delivery initiative has offered us the privilege of expanding beyond our traditional role of non-emergency medical transportation to extend a helping hand in the community that we are so proud to serve.”

About ModivCare

ModivCare Inc. (“ModivCare”) (Nasdaq: MODV) is a technology-enabled healthcare services company, which provides a suite of integrated supportive care solutions for public and private payors and their patients. Our value-based solutions address the social determinants of health (SDoH), enable greater access to care, reduce costs, and improve outcomes. We are a leading provider of non-emergency medical transportation (NEMT), personal and home care, and nutritional meal delivery. ModivCare also holds a minority equity interest in CCHN Group Holdings, Inc. and its subsidiaries (“Matrix Medical Network”), which partners with leading health plans and providers nationally, delivering a broad array of assessment and care management services to individuals that improve health outcomes and health plan financial performance. For more information, visit: www.ModivCare.com.

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VANCOUVER, British Columbia and CARLSBAD, Calif., March 08, 2021 (GLOBE NEWSWIRE) — Canary Medical today announced that it has been named by Fierce Medtech as one of 2020’s Fierce 15, designating it as one of the most promising private companies in the industry.

“Almost a decade ago, we saw the potential to improve outcomes and reduce cost in healthcare by doing for implanted medical devices what Silicon Valley has done for just about everything else: connecting them to the internet. As these efforts begin to bear fruit, it’s tremendously gratifying to be recognized by Fierce Medtech, and industry analysts generally, as a leader in this space,” said Bill Hunter, MD, CEO of Canary Medical. “Our first program, currently under review by the FDA, will allow the world’s best-selling prosthetic knee joint to generate data on implant function and patient activity with unprecedented accuracy and compliance. And what we’ve learned in orthopedics has shown us the way forward, as we look toward connecting implantable devices in many different therapeutic areas.”

The Fierce 15 celebrates the spirit of being “fierce” — championing innovation and creativity, even in the face of intense competition. This is Fierce Medtech’s 9^th annual Fierce 15 selection. This year’s full list of winners can be viewed online at https://www.fiercebiotech.com/special-report/fierce-medtech-s-2020-fierce-15.

Conor Hale, associate editor of Fierce Medtech, added, “Each member of this year’s Fierce 15 class stands out in a different way, but they all overcame a year of unforgettable obstacles, making each of their successes that much more significant — and all have the potential to deliver changes in healthcare that promise to outlast this pandemic.”

An internationally recognized daily report reaching a network of over 90,000 medical technology industry professionals, Fierce Medtech provides subscribers with an authoritative analysis of the day’s top stories. Every year Fierce Medtech evaluates hundreds of private companies from around the world for its annual Fierce 15 list, which is based on a variety of factors such as the strength of technology, partnerships, venture backers and a competitive market position.

About Fierce Medtech

Fierce Medtech keeps biopharma executives, device developers, engineers, and researchers updated on the must-know news, trends and developments in medical technology. More than 90,000 top industry professionals rely on Fierce Medtech for an insider briefing on the day’s top stories.

About Canary Medical
Canary Medical was conceived and created by a team of surgeons, medical device developers, and IoT experts with the vision that (1) healthcare transformation requires better and cheaper healthcare data, (2) better monitoring and better data will produce better outcomes at lower costs, and (3) patients own their healthcare data and should be compensated for its use. Canary Medical’s patented implant and data management ecosystem technology provides the vehicle to implement its vision. Canary is led by a team of experienced entrepreneurs, researchers and data scientists globally regarded for their expertise in medical device design, development and data informatics.

Headquartered in Vancouver, with U.S. offices in Carlsbad, CA, Canary Medical has raised approximately $45 million from a premier syndicate of investors, including Global Health Sciences (a joint venture between Quark Ventures and GF Securities), Biosciences Managers and Kobuck Limited, interested in innovative biotech, life sciences and healthcare companies. Canary Medical was named as a recipient as part of the 22nd Annual LifeSciences BC Awards, specifically recognized as the Medical/Digital Technology Company of the Year.

For more information contact us at [email protected] or visit www.canarymedical.com. Follow Canary Medical on Twitter at @CanaryMedical.

CONTACTS:

Rebecca Willumson
Fierce Medtech
202-824-5050
[email protected]

Investor Contact

Bob Yedid
LifeSci Advisors, LLC
Phone: (646) 597-6989
Email: [email protected]

Media Contact

Patrick Bursey
LifeSci Communications
Phone: (646) 970-4688
Email: [email protected] 

Mohamed brings proven track record of driving innovation, alliances and growth

Greg Clark to partner with Mohamed to continue Forescout’s mission to actively defend the Enterprise of Things

SAN JOSE, Calif., March 08, 2021 (GLOBE NEWSWIRE) — Forescout Technologies, Inc., the leader in Enterprise of Things security, today announced that Wael Mohamed will join the company as chief executive officer, effective immediately. Greg Clark and Michael DeCesare will partner closely with Mohamed as they continue to serve as co-chairmen of Forescout’s board.

“Wael is an industry visionary and brings an incredible amount of cybersecurity, digital transformation and cloud experience to Forescout,” said Bryan Taylor, head of Advent’s technology investment team and a Managing Partner in Palo Alto. “We have built a strong leadership team to capture Forescout’s unprecedented market opportunity as we secure the Enterprise of Things. We are now adding in our long-term CEO. Greg and Wael are two of the best leaders within the industry and having them at Forescout will help us take this fantastic company to the next level.”

In August 2020, Advent International teamed up with Crosspoint Capital Partners, a private equity investment firm focused on the cybersecurity and privacy industries, to take Forescout private. Clark is also a managing partner at Crosspoint Capital.

Mohamed has been the driving force behind the success of important cybersecurity companies. Most recently, he served as President & COO, and board member at Trend Micro Group where he helped transform the company into a global leader in cybersecurity and added over $4B in shareholder value during his 11-year tenure. Mohamed joined Trend Micro in 2009 after the acquisition of Third Brigade, a company he co-founded.

“Forescout is at the heart of one of the biggest security and compliance challenges that enterprises face today. Everything – IoT, OT, cloud workloads, traditional user devices, servers – is a ‘Thing’ with an IP address. Increasingly, these Things are unagentable, but enterprises cannot afford for them to be unmanageable. Forescout delivers an active defense for the Enterprise of Things and has earned the trust of the most trusted companies in the world,” said Mohamed. “I am thrilled to join the talented management team and work closely with Greg and the Board so we can further accelerate our growth and continue to deliver innovation that helps enterprises mitigate risks brought on by the billions of network-connected devices.”

Over the last six months, Forescout has attracted new leaders and talent, invested in R&D and streamlined its organizational structure and processes to drive future growth and innovation. The company recently announced its private company update as it closed out the fiscal year ending December 2020 with double-digit year-over-year ARR growth and ~70% recurring revenue. Forescout also added over 300 new logos to its loyal and growing install base of organizations around the world, as well as key platform wins across government, financial services, healthcare and manufacturing.

About Forescout

Forescout Technologies, Inc. actively defends the Enterprise of Things by identifying, segmenting and enforcing compliance of every connected thing. Fortune 1000 companies trust Forescout as it provides the most widely deployed, enterprise-class platform at scale across IT, IoT and OT managed and unmanaged devices. Forescout arms customers with more device intelligence than any other company in the world, allowing organizations across every industry to accurately classify risk, detect anomalies and quickly remediate cyberthreats without disruption of critical business assets. Don’t just see it. Secure it.

The Enterprise of Things – Secured. Learn more at www.forescout.com.

© 2021 Forescout Technologies, Inc. All rights reserved. Forescout Technologies, Inc. is a Delaware corporation. A list of our trademarks and patents can be found at https://www.forescout.com/company/legal/intellectual-property-patents-trademarks. Other brands, products, or service names may be trademarks or service marks of their respective owners.

Media Relations Contact

Katie Beck
Forescout Technologies, Inc.
[email protected]