Glowpoint Announces Name Change and New Ticker Reflecting Shift to Multi-Stream Collaboration
02 Mars 2020 - 2:30PM
Business Wire
New name “Oblong Inc.” aligns with Company’s
strategy to drive the next generation of visual and data
collaboration
Company to trade under ticker OBLG on Monday,
March 9, 2020
Glowpoint, Inc. (NYSE American: GLOW) ("Glowpoint" or the
"Company"), a provider, through its wholly-owned subsidiary, Oblong
Industries, Inc., of award-winning innovative multi-stream
collaboration technologies that drive the next generation of visual
and data collaboration, today announced that it will change its
corporate name to “Oblong, Inc.” and will begin trading under the
ticker OBLG on March 9, 2020.
The name change is the culmination of the company’s transition
to a next-generation provider of advanced visual solutions for
real-time collaboration.
“Oblong has an established track record with enterprise
customers for delivering a compelling ROI and meaningful
improvement in team productivity,” commented Oblong CEO Pete Holst.
“The Oblong name, with its reputation for patented, advanced
collaboration technologies, fits perfectly with our strategy to
advance the current state of virtual collaboration. The Company is
fully aligned to grow the business by delivering the most advanced
content collaboration solutions through the release of new services
and expansion of distribution channels.”
About Oblong Inc.
Oblong’s innovative IP-protected technologies change the way
people work, create, and communicate. With roots in more than two
decades of research at the MIT Media Lab, Oblong delivers visual
solutions for content-rich collaboration and spatial computing
environments. Oblong's flagship product Mezzanine™ is the
technology platform that defines the next era of computing:
simultaneous multi-user, multi-screen, multi-device, multi-location
for dynamic and immersive visual collaboration. Our customers are
primarily comprised of Fortune 1000™ companies across diverse
vertical markets, along with small and medium sized enterprises
that embrace Oblong’s Mezzanine™ products to collaborate more
effectively and make decisions faster.
Learn more at www.oblong.com, and connect via Twitter, Facebook,
LinkedIn, and Instagram
Forward-looking and cautionary statements
This press release and any oral statements made regarding the
subject of this release contain forward-looking statements as
defined under Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and are made under the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. All statements,
other than statements of historical facts, that address activities
that Glowpoint assumes, plans, expects, believes, intends,
projects, estimates or anticipates (and other similar expressions)
will, should or may occur in the future are forward-looking
statements. Glowpoint’s actual results may differ materially from
its expectations, estimates and projections, and consequently you
should not rely on these forward-looking statements as predictions
of future events. Without limiting the generality of the foregoing,
forward-looking statements contained in this press release include
statements relating to the Company’s future growth prospects by
delivering the most advanced content collaboration solutions. The
forward-looking statements are based on management’s current
belief, based on currently available information, as to the outcome
and timing of future events, and involve factors, risks, and
uncertainties that may cause actual results in future periods to
differ materially from such statements. A list and description of
these and other risk factors can be found in the Company’s Annual
Report on Form 10-K for the year ending December 31, 2018 and in
other filings made by the Company with the SEC from time to time,
including the Company’s Quarterly Report on Form 10-Q for the three
and nine months ended September 30, 2019. Any of these factors
could cause Glowpoint’s actual results and plans to differ
materially from those in the forward-looking statements. Therefore,
Glowpoint can give no assurance that its future results will be as
estimated. Glowpoint does not intend to, and disclaims any
obligation to, correct, update or revise any information contained
herein.
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version on businesswire.com: https://www.businesswire.com/news/home/20200302005249/en/
Investor Relations Contact: Brett Maas Hayden IR, LLC
brett@haydenir.com 646-536-7331
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