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NexTech AR adds Ryerson University professor Dr David Cramb to its board, bringing total number of seats to five

Having a fifth board member allows the company to meet one of the NASDAQ requirements to qualify for its uplisting, which is in progress

Nextech AR Solutions Corp. -
Cramb is Dean at Ryerson University’s Faculty of Science and a professor in the department of chemistry and biology

NexTech AR Solutions Corp (CSE:NTAR) (OTCQB:NEXCF) (FRA:N29) announced Friday it had appointed Dr David Cramb to its board of directors, in a key step towards the firm’s NASDAQ listing, which requires a five-member board.

Cramb is Dean at Ryerson University’s Faculty of Science and a professor in the department of chemistry and biology.

In a statement, the Toronto-based company hailed Cramb’s “commitment to interdisciplinary research, innovative collaborations and new ways of doing just about anything set before him.”

READ: Nextech AR expands InfernoAR video conferencing sales to US; eyes large government contracts

CEO Evan Gappelberg told shareholders he was “thrilled” to welcome Cramb to the company’s board.

“I’m excited to have his insights help us as we push our AR technology deeper into edTech,” Gappelberg said.

Cramb added he was excited to join the technology company’s board. “There is incredible potential for augmented reality in education and it is particularly needed in these challenging times of a pandemic.”

Also on Friday, NexTech announced it had appointed former SAP executive Vivian Chan as its chief channel officer, and seasoned customer experience executive Chris Burton to help develop its enterprise segment.

Gappelberg added: “I’m also thrilled to be able to attract experienced technology executives like Vivian and Chris who both have a tremendous amount of experience in growing small companies into large organizations, which with 125 employees, NexTech is quickly becoming.”

The company issued 50,000 three-year stock options priced at C$5.76 per share under its stock option plan.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

Quick facts: Nextech AR Solutions Corp.

Price: 7.35 CAD

CSE:NTAR
Market: CSE
Market Cap: $546.21 m
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