Ability Inc. Announces New Directors

TEL AVIV, Israel, May 15, 2017

The Company's board of directors (the "Board") has appointed Levi Ilsar as Chairman of the Board. Mr. Ilsar  will also chair the Audit and Compensation Committees and serve on the Nominating Committee. Mr. Polak will chair the Nominating Committee and serve on the Audit and Compensation Committees. Mr. Schwartz will serve on the Audit, Compensation and Nominating Committees. All of these appointments will become effective on May 17, 2017.

Anatoly Hurgin, Ability's Co-Founder and Chief Executive Officer, commented, "We have assembled a slate of highly-qualified finance and business professionals with decades of leadership experience with growing and profitable companies to provide strategic oversight and governance of our business. I welcome each of them and their input and wisdom. I have no doubt that their individual and collective guidance will be of great value as we navigate the Company towards stability and future growth."

Levi Ilsar is an independent financial and business consultant to private and public companies in the homeland security and real estate markets. Mr. Ilsar has more than four decades of accounting and finance experience including capital raising, public offerings, corporate mergers and acquisitions, as well as treasury operations and purchasing and budgetary monitoring. He served as a member of the board of directors of U. Dori Engineering Works Co., Ltd., a company listed on the Tel Aviv Stock Exchange. Mr. Ilsar also served as a member of the board of directors of multiple subsidiary companies of U. Dori Group.

Eli Polak is a retired Brigadier General from the Israel Defense Forces, where he served for three decades and currently serves in the intelligence reserve corps. During his military career he served as a commander and as an intelligence officer in various operational units in combat zones and during war time. Brigadier General Polak brings extensive experience with technology-rich intelligence and information gathering in complex and ever-changing work environments. Following his retirement from the military in 2013, Brigadier General Polak founded and managed a number of companies, including E. SOOF Ltd., a startup company engaged in solving the problem of distraction arising from texting while driving, as well as a company specializing in defense and Homeland Security projects.

Nimrod Schwartz is an entrepreneur and investor and has served as a director for many startups, some of which have gone public or have been acquired by leading multinational companies. Mr. Schwartz played an integral role in helping management teams of many companies recruit, develop strategies, and establish partnership agreements. He currently serves as President and Chief Business Officer at NUVIAD, Ltd., one of the leading providers of real time bidding technologies for exchanges, demand-side platforms and media buyers focusing on mobile in-app advertising. 

About Ability Inc.