REG - CYKEL AI PLC - Appointment of CEO

Cykel AIAnnouncement

08/10/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241008:nRSH2024Ha&default-theme=true

RNS Number : 2024H  CYKEL AI PLC  08 October 2024

8 October 2024

 

Cykel AI PLC

("Cykel" or the "Company")

Appointment of CEO

Cykel (LSE:CYK) is pleased to announce that Ewan Collinge, co-founder of the
Company,  has been appointed as Executive Director and Chief Executive
Officer. The appointment will take effect immediately.

Ewan is an experienced entrepreneur and technologist. He has launched ventures
in AI, payments, blockchain, consumer tech and gaming, including as founder of
Cykel AI PLC, Kondor AI PLC and Ora Technology PLC. He also founded Crowdform
(acquired by Pioneer Media Holdings Inc), a technology venture studio
operating in the UK, Brazil, Canada and Singapore, which has created digital
products for over 75 startups as well as major companies like Shell and Sony.
Ewan is also an investor and advisor to startups in the UK and Canada.

Jonathan Bixby said:

"I'm delighted to welcome Ewan to the board as our new CEO. His track record
of building successful technology companies, combined with his intimate
knowledge of Cykel's technology, makes him the ideal leader to drive our next
phase of growth. I look forward to supporting him in this new role."

Ewan Collinge said:

"I welcome the opportunity to take on the role of CEO. Having co-founded the
company, I have a deep understanding of our technology and market opportunity.
I'm excited to lead Cykel into its next phase of growth as we scale up the
commercialisation of our AI automation platform. I look forward to working
with our talented team and board to bring our technology to market, unlock the
vast potential of AI for our customers and drive long-term value for our
shareholders."

 Current directorships and/or partnerships:       Former directorships and/or partnerships (within the last five years): 
 Crowdform Ltd                                    None

 Aros Ventures Ltd

There are no further details to be disclosed relating to Ewan Collinge under
Rule 6.4.8 of the UK Listing Rules.

For further information, please contact:

 Cykel AI plc

 Jonathan Bixby       Via First Sentinel

 First Sentinel (Financial Adviser)

 Brian Stockbridge    brian@first-sentinel.com (mailto:brian@first-sentinel.com)

  

                      +44 (0) 7858 888 007
 Clear Capital Markets (Broker)

 Bob Roberts          +44 (0) 20 3869 6080

 

About Cykel AI plc:

As the global artificial intelligence market is experiencing unprecedented
growth, Cykel has successfully carved out a scalable and impactful segment by
leveraging machine learning and advanced language models to enhance
operational efficiencies. This strategic focus not only positions Cykel at the
forefront of AI innovation but also uniquely enables our partners to
streamline workflows, reduce time spent on repetitive tasks, and achieve
significant gains in efficiency and ROI.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAMRBMTMTTMBLI