PR Newswire
TEL AVIV, Israel, Nov. 21, 2016
TEL AVIV, Israel, Nov. 21, 2016 /PRNewswire/ -- Ability, Inc. (NASDAQ/TASE: ABIL), a leading provider of innovative tactical communications intelligence solutions, today announced that three highly experienced directors have been nominated for election to its Board of Directors at its upcoming annual meeting scheduled to be held on December 19, 2016.
Anatoly Hurgin, the Company's Chief Executive Officer, stated, "As Ability continues to evolve, increasingly focused on our disruptive ULIN technology, we believe this newly reconstituted Board with its proven experience and deep industry connections is best equipped to help us deliver on Ability's potential and enhance the Company's sustainable, long-term value." Mr. Hurgin continued, "That such experienced and respected directors have agreed to join Ability's Board is a clear vote of confidence in the Company. I am certain that the seasoned professionals we have nominated to the Board will help guide the Company by providing unique solutions to help governments and law enforcement agencies overcome challenges related to crime and terrorism. On behalf of the Company, I thank Benjamin Gordon, Mitchell I. Gordon and Derek Zissman for their service to the Company."
The new nominees for election as directors are:
The new nominees are expected to replace current Board members Benjamin Gordon, Mitchell I. Gordon and Derek Zissman, who will serve out the end of their terms until the upcoming annual meeting. Following their election to the Board of Directors at the Company's upcoming annual meeting, Messrs. Malka, Dick and Singer will join Anatoly Hurgin, the Chief Executive Officer and Chairman of Ability's Board of Directors, Alexander Aurovsky, Ability's Chief Technology Officer, Efraim Halevy, and Meir Moshe on Ability's Board of Directors. Messrs. Hurgin and Aurovsky have indicated that they intend to vote their shares, representing approximately 65% of the Company's issued and outstanding common stock, for the election of Messrs. Malka, Dick and Singer as well as the other director nominees to the Board. Following the Company's annual meeting, Ability's Board of Directors will remain at seven members, five of whom will qualify as "independent" pursuant to the NASDAQ listing rules.
About Ability, Inc.
Ability, Inc. ("Ability" or the "Company") is the sole owner of Ability Computer & Software Industries Ltd., following the December 2015 closing of the business combination between Cambridge Capital Acquisition Corporation, Ability Computer & Software Industries Ltd. and Ability.
Headquartered in Tel Aviv, Israel, Ability Computer & Software Industries Ltd. was founded in 1994. Ability provides advanced interception, geolocation and cyber intelligence tools used by security and intelligence agencies, military forces, law enforcement and homeland security agencies worldwide. Governments and government agencies in over 50 countries have used Ability's cutting-edge technology. Ability offers a broad range of lawful interception, decryption, cyber and geolocation solutions for cellular and satellite communication, including ULIN, or Ultimate Interception, the first-to-market SaaS strategic interception system with voice, text and geolocation capabilities without geographic limitation. State-of-the-art technology underpins Ability's scalable offerings, which can be tactical-and-portable, or strategic-and-fixed, depending on its customers' needs. Additional information regarding Ability may be found at http://www.interceptors.com.
Caution Regarding Forward-Looking Statements
This press release contains "forward-looking statements." Words such as "may," "should," "could," "would," "predicts," "potential," "continue," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar expressions, as well as statements in the future tense, often signify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and may not accurately indicate when such performance or results will be achieved. Forward-looking statements are based on information available to the Company when such statements are made or management's good faith belief with respect to future events as of the time such statements are made, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
Investor Relations Contacts:
Hayden/ MS-IR LLC
Miri Segal
Tel: +917-607-8654
E-mail: msegal@ms-ir.com
or
Brett Maas
Tel: 646-536-7331
brett@haydenir.com
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SOURCE Ability, Inc.
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