Know Labs Appoints Chris Somogyi as President, International
16 Maggio 2024 - 3:00PM
Business Wire
Somogyi to lead Know Labs’ “Skunkworks” Program
and drive global revenues.
Know Labs, Inc. (NYSE American: KNW), an emerging leader in
non-invasive medical diagnostic technology, today announced the
appointment of Chris Somogyi as President, International. With over
40 years of experience in commercializing innovation across related
industries, Somogyi brings a wealth of expertise to lead the
Company's “Skunkworks” Program and global patent licensing
efforts.
In his role, Somogyi will focus on identifying new applications
of Know Labs’ extensive intellectual property (IP) portfolio
consisting of over 300 patents issued, pending and in-process and
covering more than 100 medical and non-medical applications. As
part of his responsibilities, he will work with potential strategic
partners and customers on a Rest of the World (RoW) product that
exploits Know Labs’ continuous glucose monitor, the KnowU™ for use
as a screening device to support diagnosis in large, diverse
populations across Asia, Africa, South America and the Middle East
where diabetes incidence is at near pandemic levels.
Somogyi has an extensive background in biomedical engineering
and product innovation, with over 20 issued patents to his name.
His experience includes managing intellectual property at Stanford
University, leading innovation grant funds for the New Zealand
government and holding product development and incubation roles at
esteemed organizations such as SRI International and Xerox PARC
(Palo Alto Research Center). At the world’s largest IP fund, the $6
Billon Intellectual Ventures, Somogyi co-managed a $750 million
global invention fund. He has served as a partner in medical and
agricultural technology funds in the United States and Japan. His
experience in technology monetization has an expansive global
reach. His practical experience is built upon a B.S. in Biomedical
Engineering from Purdue, an M.S. in Biomedical Engineering from
Tulane and an MBA from the University of Washington.
"We are thrilled to welcome Chris Somogyi to our executive team
as President, International," said Ron Erickson, CEO and Chairman
at Know Labs. "His unparalleled expertise in commercialization of
IP and his proven track record of driving innovation and building
strategic partnerships make him an invaluable addition to our
Company. With Somogyi’s leadership, we are moving aggressively with
our ‘Skunkworks’ Program to derive revenue in worldwide markets
from the significant IP portfolio surrounding our platform
technology.”
Somogyi's appointment as President, International, allows the
Company to maintain its core focus on bringing the first
non-invasive continuous glucose monitor to the marketplace. While
the Company moves toward FDA clearance of its technology, Somogyi
will work to drive revenue from non-core fields of use of the Know
Labs platform technology.
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 can be integrated into a
variety of wearable, mobile or bench-top form factors. 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 first application of the
technology will be in a product marketed as a non-invasive glucose
monitor. The device will 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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version on businesswire.com: https://www.businesswire.com/news/home/20240516946439/en/
For Know Labs Media Inquiries: Matter Health Abby Mayo
Knowlabs@matternow.com Ph. (617) 272-0592
Know Labs, Inc.: Jordyn Hujar jordyn@knowlabs.co Ph.
(206) 629-6414
Grafico Azioni Know Labs (AMEX:KNW)
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