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Global Remote Technologies Ltd
Symbol RGT
Shares Issued 42,071,338
Close 2017-11-10 C$ 0.395
Market Cap C$ 16,618,179
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Global Remote appoints Stevenson-Moore as CEO

2017-11-13 07:36 ET - News Release

Mr. Neil Stevenson-Moore reports

NEIL STEVENSON-MOORE APPOINTED AS CEO OF GLOBAL REMOTE TECHNOLOGIES LTD.

Neil Stevenson-Moore has been appointed as chief executive officer of Global Remote Technologies Ltd. Mr. Stevenson-Moore graduated from Princeton University and was the chief executive officer and founder of StylePixi.

Former chief executive officer Akash Patel stated: "It was important for us to select a chief executive officer who has the ability to thrive in both technology and business environments. Neil has been on the cutting edge of advanced algorithms, cryptosecurity and consumer-driven technologies at both the start-up and corporate levels. His ability to deliver results today and to recognize the key opportunities in the future make him the perfect choice to lead us forward."

A graduate of Princeton University, Mr. Stevenson-Moore has always been recognized as a leader who can condense difficult concepts to their core values and then derive the most benefit for the greater community. Most recently Mr. Stevenson-Moore has been leading medical technology companies, and working with both federal and provincial governments as the health care world implements the next-generation HIPAA-compliant (Health Insurance Portability and Accountability Act of 1996) platforms that improve patient outcomes, overall system security and life-saving technology applications.

Before that, Mr. Stevenson-Moore was the chief executive officer and founder of StylePixi, a retail technology company that leverages artificial intelligence and advanced algorithms to disrupt the $25-trillion retail market. Building off the success of StylePixi, Mr. Stevenson-Moore moved to London, United Kingdom, as he was selected to be the head of on-line giant Farfetch's store of the future. Farfetch is recognized as a world leader in consumer retail technology and is currently valued in excess of $1.5-billion.

In both of these capacities Mr. Stevenson-Moore has been on the forefront of the artificial intelligence, blockchain and cryptocurrency evolutions -- especially as they move past their infancy and into their key growth phases. When asked why he accepted this opportunity Mr. Stevenson-Moore answered: "All of us geeks in the technology world have been waiting for blockchain and cryptocurrencies to reach an early tipping point beyond theoretical applications and early adopters. And unless you've been living under a rock -- I don't think there is a smart investor or forward-looking company that isn't starting to explore what blockchain can do to save their companies money and make them more secure. I am excited to step into this role and continue to build our team into one of the largest players in North America."

The company's current business model is collecting oil and gas field data across its broad infrastructure through numerous and varied sensor technologies. However, the integration, collection, assessment and proper distribution of those data have varied from program to program. Global Remote, using its sophisticated data aggregation, new algorithms and display abilities, has solved this problem. The company hopes that its future asset acquisition in blockchain technology can be used jointly with its existing assets, thus benefiting its overall business.

About Global Remote Technologies Ltd.

The objective at Global Remote Technologies is to identify and develop technologies to increase shareholder value. Current objectives are to reduce operational costs in the energy domain with unique proprietary techniques and technologies that support upstream, mid-stream and downstream processes. Services are developed to create custom solutions that improve performance, improve health and safety standards, and bring significant savings to clients. Global Remote Technologies operates in rugged locations around the globe, with offices in Canada, Mexico, Oman and the United States.

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