Know Labs Announces Expanded Technology Leadership in its Executive Team
22 Outubro 2024 - 10:00AM
Business Wire
Acceleration of Platform Development to Secure
Multiple Strategic Partnerships
Know Labs, Inc. (NYSE American: KNW), a leading developer of
non-invasive diagnostics technology, announced today two additions
to its executive leadership team. The new executives are John
Cronin and Dominic Klyve, Ph.D. They are tasked with both
furthering the development of the Company’s non-invasive diagnostic
technology platform and building relationships with potential
strategic partners.
“John and Dominic bring extensive technology leadership and
research experience to the Know Labs team,” said Ron Erickson, CEO.
“In their new roles they provide intellectual leadership to both
drive our technology development and real-world business acumen to
assist in bringing our platform to market through strategic
relationships with global leaders in the med tech, pharma and
consumer marketplace.”
John Cronin joins the day-to-day team as Interim Chief
Technology Officer. Previously, Cronin was elected as a member of
the Company’s Board of Directors. He has been a strategic advisor
and consultant to Know Labs, supporting the Company’s expanding
patent portfolio and securing its global leadership as the top
patent holder in the non-invasive blood glucose monitoring
category. Cronin will oversee the Company’s product development and
technology strategy and help the Know Labs team develop test
protocols to address research and development questions. In
addition, Cronin spearheads the Know Labs “skunkworks” activities
which explores new applications for the Company’s platform
technology, an example of which is the recently announced
automobile steering wheel application of our sensor platform.
Cronin is the founder and CEO of ipCapital Group, Inc., a leading
global advisory company on intellectual property strategy and
monetization. Cronin began his career at IBM where he was the sole
inventor of breakthrough chip design technology and later, he
became IBM’s top inventor. He went on to create the IBM Patent
Factory, growing IBM’s patent portfolio from ninth to first in the
world catapulting IBM’s IP licensing from $30 million to over $2
billion a year. Today, Mr. Cronin has approximately 1800 patents
and applications worldwide.
Dominic Klyve, Ph.D., a long-time consultant and previous
employee of the Company, joins as Chief Science Officer. Dr. Klyve
previously served as lead data scientist at Know Labs. As Chief
Science Officer, he will be responsible for leading the research
and development team in its efforts to build the first non-invasive
glucose monitor. Klyve has been an author on several studies
published by Know Labs, including its most recent peer-reviewed
study published in IEEE Sensors Journal detailing historical
developments and limitations with RF-based sensing technologies,
and the distinctiveness of Know Labs’ sensor architecture and
trade-secret prediction machine learning algorithm. Klyve is the
author of more than 80 peer-reviewed publications in several fields
of science and mathematics and has served as Principal Investigator
on grants from the National Science Foundation (among others) worth
over $1.5 million. He holds a professorship at Central Washington
University, where he is currently on sabbatical, and is a former
Editor of the College Mathematics Journal.
For more information on Know Labs, visit www.knowlabs.co.
About Know Labs, Inc.
Know Labs, Inc. is a public company whose shares trade on the
NYSE American Exchange under the stock symbol “KNW.” The Company’s
platform technology uses spectroscopy to direct electromagnetic
energy through a substance or material to capture a unique
molecular signature. The technology is designed to able to
integrate into a variety of wearable, mobile or bench-top form
factors. The Company believes that this patented and patent-pending
technology makes it possible to effectively identify and monitor
analytes that could only previously be performed by invasive and/or
expensive and time-consuming lab-based tests. The Company’s first
expected application of the technology will be in a product
marketed as a non-invasive glucose monitor. The device is designed
to provide the user with accessible and affordable real-time
information on blood glucose levels. This product will require U.S.
Food and Drug Administration clearance prior to its introduction to
the market.
Safe Harbor Statement
This release contains statements that constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 and Section 27A of the Securities Act of 1933,
as amended, and Section 21E of the Securities Exchange Act of 1934,
as amended. These statements appear in a number of places in this
release and include all statements that are not statements of
historical fact regarding the intent, belief or current
expectations of Know Labs, Inc., its directors or its officers with
respect to, among other things: (i) financing plans; (ii) trends
affecting its financial condition or results of operations; (iii)
growth strategy and operating strategy; and (iv) performance of
products. You can identify these statements by the use of the words
“may,” “will,” “could,” “should,” “would,” “plans,” “expects,”
“anticipates,” “continue,” “estimate,” “project,” “intend,”
“likely,” “forecast,” “probable,” “potential,” and similar
expressions and variations thereof are intended to identify
forward-looking statements. Investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, many of which are beyond Know
Labs, Inc.’s ability to control, and actual results may differ
materially from those projected in the forward-looking statements
as a result of various factors. These risks and uncertainties also
include such additional risk factors as are discussed in the
Company’s filings with the U.S. Securities and Exchange Commission,
including its Annual Report on Form 10-K for the fiscal year ended
September 30, 2023, Forms 10-Q and 8-K, and in other filings we
make with the Securities and Exchange Commission from time to time.
These documents are available on the SEC Filings section of the
Investor Relations section of our website at www.knowlabs.co. The
Company cautions readers not to place undue reliance upon any such
forward-looking statements, which speak only as of the date made.
The Company undertakes no obligation to update any forward-looking
statement to reflect events or circumstances after the date on
which such statement is made.
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Know Labs, Inc. Jordyn Hujar jordyn@knowlabs.co Ph. (206)
629-6414
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