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12.01.2019 01:00
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Braingrid Limited Announces Changes to Board of Directors

DRUCKEN

Eric Klein Appointed Chairman

TORONTO, Jan. 11, 2019 /CNW/ - Braingrid Limited (CSE:BGRD) ("Braingrid", or the "Company"), a global provider of affordable, scalable and easy-to-deploy sensor platforms for precision agriculture is pleased to announce the appointment of Sanford Liu as an independent member of the Company's Board of Directors and a member of the Audit Committee, subject to regulatory approval.

Braingrid Limited (CNW Group/Braingrid Limited)

Mr. Liu has over 20 years experience in the information technology space with deep expertise in software development, social media and marketing. Since 2012 Mr. Liu has been the co-founder and CTO of SoCast SRM, content management and advertising platform for broadcasters. Prior to founding SoCast, Mr. Liu was VP, Technology at Supernova Interactive Inc. Holding an Honours Bachelor of Computer Science degree (University of Toronto), Mr. Liu brings his extensive business and technical experience to the Board of Directors. Mr. Liu expects to devote sufficient time as a Director to fulfill his obligations.

The Company is also pleased to announce that Eric Klein is assuming the role of Chairman, replacing Ken Kadonoff who has resigned from the board to devote more time to his consulting practice. Ken Kadonoff plans to continue to provide day-to-day consulting services to support Braingrid's M&A, joint venture, technology licensing and other growth activities.

"We wish to thank Ken for his substantial contributions since the inception of Braingrid and look forward to continuing to benefit from his extensive business experience in a consulting role", stated Michael Kadonoff, the Chief Executive Officer of the Company. "As our new Chairman, Eric Klein brings substantial depth and training as a professional director together with capital markets, valuation and business experience", Mr. Michael Kadonoff also stated.

"We are also pleased to welcome Sanford Liu to the Board of Directors of the Company. Sanford's proven experience in software development will help to ensure the execution of our technology roadmap and business strategy," stated Mr. Kadonoff.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, and these securities will not be offered or sold in any jurisdiction in which their offer or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws of the United States. Accordingly, these securities will not be offered or sold to persons within the United States unless an exemption from the registration requirements of the 1933 Act and applicable state securities laws is available.

About Braingrid:

Braingrid Limited ) is a global technology company that provides an affordable, versatile and quick-to-install data acquisition and sensor integration platform for cannabis cultivators. Capturing real-time data needed to increase revenues, reduce costs and risks, and connecting cultivators to their grow on a microclimate level, Braingrid is also developing systems utilizing data science, machine learning and AI to deliver "smart" controls and building management solutions for the precision agriculture and energy efficiency sectors.

FORWARD-LOOKING INFORMATION

This news release includes forward-looking information and statements, which may include, but are not limited to, information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of Braingrid. Information and statements which are not purely historical fact are forward-looking statements. Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of Braingrid to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. Although Braingrid believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, Braingrid assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward-looking information and statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.

The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.

SOURCE Braingrid Limited

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