Ossia Appoints Citi as Fiscal Advisor and Announces New Management

BELLEVUE, Clean.–(Small business WIRE)–Ossia Inc. (“Ossia”), the corporation that produced Cota® Genuine Wi-fi Power™, right now announced that it has retained Citigroup World-wide Markets Inc. (“Citi”) to provide as its economic advisor to Ossia. Citi will aid Ossia in the analysis of probable strategic initiatives supposed to drive the Company’s lengthy-time period development and monetary effectiveness. In tandem with this monetary partnership, Ossia has appointed Doug Stovall as Chief Government Officer, Marty Feuerstein as Main Operating Officer and Ossia’s Founder and Chief Specialized Officer, Hatem Zeine will now also provide as the Company’s President.

Ossia is encountering great item momentum as a business and has taken a determination to focus, in the in the vicinity of-expression, on commercialization and bringing Cota-enabled products to marketplace. Stovall, owning led the company’s income endeavours for the past 4 several years, is uniquely positioned to take the Ossia ecosystem to the next level by prioritizing recurring revenues. Stovall is a wi-fi technology veteran with various effective exits in his career.

In concert, to guarantee expanded emphasis on bringing Cota True Wireless Electric power solutions to industry, Ossia has appointed Marty Feuerstein as Chief Working Officer to guide Ossia’s solution progress initiatives. Feuerstein’s in depth background top productive IoT, wi-fi and clever antenna product or service launches is an excellent in shape for this phase of the Company’s progress.

Acquiring finished intensive evaluations of a selection of worldwide investments financial institutions, Ossia has selected to keep Citi to supply strategic advisory products and services to aid the company’s expansion initiatives. Citi will supply Ossia with specialist advice on economical transactions and execution strategies to speed up commercialization and expand globally.

“I am delighted to announce this marriage with Citi. Ossia’s modern milestones with regulatory and technologies breakthroughs, coupled with a sturdy monetary advisor will build substantial price for Ossia’s shareholders,” reported Ali Kolaghassi, Chairman of the Board at Ossia.

Ossia is also creating on its current effective regulatory approvals. The Corporation is doing the job carefully with the Federal Communications Commission on developing the testing requirements for electricity supply in excess of bigger distances, even though also gathering knowledge to post for acceptance of its new 5.8 GHz Cota method.

“The board is self-assured that the promotions of Doug Stovall as CEO and Marty Feuerstein as COO will lead the business in executing a thriving commercialization system,” reported Kolaghassi. “It is this caliber of management the business requires to take it to the future level. Ossia is seeing massive traction as the shown leader in the wireless ability ecosystem. Offering Cota goods to market place and augmenting Ossia’s economical placement are the up coming techniques to achieving the comprehensive probable of the Cota engineering.”

About Ossia

Ossia Inc. is top the entire world on what is attainable with wireless power. Ossia’s flagship Cota® technologies redefines wireless power by safely and securely offering distant, focused power to units at a distance. Ossia’s Cota technology is a patented clever antenna know-how that mechanically keeps multiple devices charged with no any person intervention and enables an successful and actually wire-free of charge, powered-up world that is always on and always linked. Ossia is headquartered in Bellevue, Washington. Take a look at our web page at www.ossia.com.

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http://www.ossia.com

http://www.ossia.com/cota

About Citi

Citi, the foremost world bank, has close to 200 million shopper accounts and does business enterprise in more than 160 countries and jurisdictions. Citi supplies buyers, companies, governments and establishments with a wide vary of money solutions and products and services, which includes client banking and credit score, corporate and expenditure banking, securities brokerage, transaction solutions, and prosperity management. Extra information and facts may be found at www.citigroup.com

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