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Acorn Technologies Announces Appointment of Two New Members to its Board of Directors

September 10, 2019

LA JOLLA, Calif.--(BUSINESS WIRE)--Sep 10, 2019--

Acorn Technologies, a provider of precise positioning performance mobile solutions, today announced the appointment of two new members to its Board of Directors – Ann Brodow, former Senior Vice President of Finance at Verizon and a former senior business banking executive Gwen Adams Norton.

“We are pleased to welcome two exceptional people in Ann and Gwen to Acorn Technologies Board of Directors, said Tom Horgan, CEO of Acorn Technologies. “Ann and Gwen bring financial expertise to our board. Gwen’s deep banking and International experience along with Ann’s impressive record in wireless operations and financial growth will be valuable to Acorn as we scale the company.”

“Acorn Technologies has a unique position in the market, as well as experienced leaders at the helm,” said Ann Brodow. “I look forward to bringing my experience with Verizon and wireless technologies to take the company to its next level of growth. 2020 is likely to be a breakthrough year for 5G and wireless operators, and the Acorn team is poised to lead its customers through this exciting time in the evolution of wireless, having developed a portfolio of 4G and 5G solutions that significantly improve cellular based location as well as providee wireless CAPEX savings.”

“Ann and Gwen will be instrumental as we execute on our divestiture growth strategy. Ann is a deeply experienced and proven business leader with financial operational and strategic knowledge in mobile and wireless which will be invaluable to Acorn as we continue to expand our product offerings and more importantly as we position the company to do a telecom spinoff in the near future,” Mr. Horgan added.

Acorn Technologies game changing products reduce latency, provide ultra-low power solutions, and offer precise positioning for wireless networks.

About Ann Brodow
With 30 years of telecommunications and finance experience, Ann Brodow, a former Senior Vice President of Finance with Verizon, has a proven track record of accelerating operational performance and delivering profitable growth. Through her diverse finance experiences, she has built strengths in areas such as business planning, decision support, executive and board updates, and financial controls.

Ann is committed to maintaining the highest level of integrity and transparency. In her most recent position with Verizon, Ann was Senior Vice President of Finance, overseeing all financial reporting, planning and analysis for the Wireless businesses. Ann transformed finance organizations across Verizon by consolidating and streamlining major work streams, and established strong data governance and analytics. She holds a bachelor’s degree in accounting from University of Galway, Ireland, and a Master of Business Administration degree in finance from University of Bridgeport, CT.

About Gwen Adams
With two decades of banking experience, Gwen Adams Norton has served in numerous leadership, management and strategic planning positions. She is an established financial services executive with a solid track record in community development and board experience. Gwen is known as a relationship builder who can motivate stakeholders while achieving consensus across business, government and community boundaries.

Formerly, Gwen was a Senior Vice President & Business Banking Executive for Wachovia Bank. She also held the position of Commissioner, Department of Finance for the Government of the U.S. Virgin Islands with oversight of a $484 million budget and responsibility for a multi-million dollar technology improvement program She holds a bachelor’s degree from the College of William and Mary and is a graduate of the Executive Program at Louisiana State University Graduate school. In 2011, Gwen was a Fellow in the Advanced Leadership Institute at Harvard University.

About Acorn Technologies
Acorn Technologies provides ground breaking innovations for the semiconductor and telecommunications markets. These include innovative semiconductor transistor level performance technologies, IoT/mobile computing location-based positioning solutions, and spectral efficiency solutions to improve wireless operators network efficiency. Acorn’s complete portfolio of truly scalable, low cost, precision positioning and location intelligence solutions enable high accuracy and low power location services on existing LTE and 5G networks. With nearly 200 patents issued and applied for in the fields of semiconductor process and wireless communication, Acorn Technologies is bringing innovation and IP to address the fundamental building blocks for high performance mobile computing, wireless and IoT semiconductor devices. www.acorntech.com

View source version on businesswire.com:https://www.businesswire.com/news/home/20190910005067/en/

CONTACT: Jeremy Hyatt

Green Flash Media for Acorn Technologies

pr@gflashmedia.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: CONSUMER ELECTRONICS TECHNOLOGY SEMICONDUCTOR TELECOMMUNICATIONS SOFTWARE NETWORKS HARDWARE MOBILE/WIRELESS

SOURCE: Acorn Technologies

Copyright Business Wire 2019.

PUB: 09/10/2019 11:01 AM/DISC: 09/10/2019 11:01 AM

http://www.businesswire.com/news/home/20190910005067/en

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