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This content is a press release from our partner Globe Newswire. The AP newsroom and editorial departments were not involved in its creation.

Intelligent Product Solutions’ President Mitch Maiman Named “2019 Master of Innovation” by Innovate Long Island

March 5, 2019

HAUPPAUGE, N.Y., March 05, 2019 (GLOBE NEWSWIRE) -- Intelligent Product Solutions (IPS), a subsidiary of Forward Industries (NASDAQ: FORD), today announced that Mitch Maiman, its president and co-founder, was selected as the “2019 Master of Innovation,” as part of Innovate Long Island’s “ Innovator of the Year ” awards. IPS is an award-winning global product design and development company that is headquartered in Hauppauge, New York.

Maiman will be recognized at the fourth annual Innovator of the Year Awards ceremony, held on March 26th at the Crest Hollow Country Club in Woodbury, NY. The Innovator of the Year Awards recognize Long Island’s best and brightest ideas. In addition to the Master of Innovation Award, Innovate Long Island recognizes multiple awardees in technology, clean energy, health science/medical devices, invention and craft food & beverage. Two special categories – no boundaries and high school student innovation – are particularly unique and outstanding award winners.

According to Gregory Zeller, Editor, Innovate Long Island, “Following Mitch’s guiding principles and his steady hand, Intelligent Product Solutions continuously displays the kind of ingenuity we prize so highly: not just ‘can-do,’ but ‘can-do-better.’ The diversity of their customer base, their success on the larger playing field afforded by the Forward Industries acquisition and the sheer creativity IPS brings to each new challenge all speak for themselves. We’d be hard-pressed to think of anyone more worthy of the title ‘Master of Innovation’ than Mitch Maiman.”

“I’m honored to be recognized as the Master of Innovation, as it is further validation that we at IPS are successfully developing and designing innovative products for our clients that are making an impact on our customers and communities,” said Maiman.

Mitch Maiman and Paul Severino co-founded Intelligent Product Solutions in 2008 with three employees, and it has grown to a current level of around 100, with offices in Hauppauge and additional manufacturing space in Ronkonkoma.

CEO and Chairman of Forward Industries, Terry Wise commented, “I am extremely pleased that Mitch has been recognized for his leadership in innovating and spearheading IPS to continued success.”

For more information on the Innovator of the Year awards, visit https://www.innovateli.com/2019-innovator-of-the-year-awardees/

About IPS

IPS, a subsidiary of Forward Industries (NASDAQ: FORD), is an award-winning global product design and development company that is headquartered in New York. IPS offers expert product design and engineering services, including Internet of Things (IoT) and wearable technology solutions. Its clients are among the leading brands in consumer electronics, medical devices, enterprise and security solution providers, and IoT-connected solutions, including AdhereTech, Google, Physio Control, Zebra Technologies, and charity: water. To learn more about IPS, visit http://www.intelligentproduct.solutions or contact info@ips-yes.com or @IPSdesigners.

For more media information, contact:

Lisa Hendrickson, LCH Communications for IPS

516-767-8390

lhendrickson@lchcommunications.com