Applied Blockchain, Inc. (“Applied Blockchain” or the “Company”) (PINK: APLD) today announced the appointment of Dr. Richard Nottenburg to the Company’s Board of Directors effective June 30, 2021. Following the appointment of Dr. Nottenburg, the Board is comprised of seven directors, five of whom are independent.
“We are pleased to announce Richard’s appointment to the Company’s Board,” said Applied Blockchain, Inc.’s CEO and Chairman, Wes Cummins. “Richard brings deep experience in global technology-focused businesses and will be a valuable resource for the Company as we look to leverage our supply chain and scale our operations.”
Dr. Nottenburg is currently on the board of directors of Cognyte Software Ltd., a global leader in security analytics software, and Verint Systems Inc., a global leader in Actionable Intelligence®, and serves as chairman of the compensation committee of both companies. In addition, Dr. Nottenburg serves on the board and on both the audit and compensation committees at Sequans Communications S.A., a leading developer and provider of 5G and 4G chips and modules for massive, broadband and critical IoT applications. Dr. Nottenburg is also an Executive Partner at OceanSoundPartners LP, a private equity firm, and an investor in various early-stage technology companies. Previously, Dr. Nottenburg served as President and Chief Executive Officer and a member of the board of directors of Sonus Networks, Inc. from 2008 through 2010. From 2004 until 2008, Dr. Nottenburg was an officer with Motorola, Inc., ultimately serving as its Executive Vice President, Chief Strategy Officer and Chief Technology Officer.
“Applied Blockchain is quickly becoming a commercial stage leader in the altcoin mining space, having demonstrated its ability to deploy capital and commence operations within a matter of weeks,” commented Dr. Nottenburg. “I look forward to contributing to the company’s future growth and bringing value to its shareholders through my years of experience with investing in start-ups and positioning them for great success.”