Cloudastructure Announces James McCormick to Assume the Role of Chief Executive Officer as Successor to Founder Rick Bentley
24 Julio 2024 - 12:35PM
Business Wire
Cloudastructure, Inc. (“we,” “us,” “our,” “Cloudastructure” or
the “Company”), a cloud-based video surveillance platform with
artificial intelligence (“AI”) and computer vision analytics,
announced today that founder Rick Bentley will be transitioning
from his role as Chief Executive Officer and a member of the
Company’s board of directors (the “Board”) to the role of Founder.
Fellow Board member and industry veteran James McCormick will be
taking over the reins as CEO, as well as continuing to serve on the
Board.
Mr. Bentley and Mr. McCormick first worked together at General
Magic in the 1990’s. Most recently, Mr. McCormick was the President
and COO of LTA Research and Exploration LLC, with previous roles as
CFO of Global Equipment Services and President and CEO of Shorai
Inc. We believe McCormick’s notable history offers Cloudastructure
the potential for a smooth transition from startup to a large
successful company.
The handover will take place with immediate effect.
Holding the title of Founder, Bentley remains the first named
inventor on all of the Company’s pending patents, expert in our
AI/machine learning (“ML”) technology, product and how the
technology can best be used to serve our customers’ needs. When
asked about the transition, he commented, “With last year’s SEC
action, my presence as a director or officer limited some of the
Company’s options. I hold the Company’s needs above my own and will
continue to do everything I can to maximize its chances of
overwhelming success.” Although Mr. Bentley will no longer be in
charge of any of the Company’s business units, divisions or policy
making functions, he says “I’ll still be here helping in any way I
can.”
Mr. Bentley said, “I started Cloudastructure over 20 years ago
now, it’s time to bring in someone else to take it to the next
level. I’ve known James for decades and trust him explicitly.”
“I am honored to join Cloudastructure as its next Chief
Executive Officer,” said Mr. McCormick. “In my previous experience
as a member of the Board, I developed a deep understanding of the
Company’s product offerings, sales traction and product development
roadmap. I believe the Company has a tremendous opportunity to
continue to grow its customer base and to expand the leadership
position it enjoys with its remote guarding offerings. I look
forward to working with our sales, engineering and installation
teams to enhance value to our customers and building on the legacy
of innovation Cloudastructure has demonstrated in the past.”
About Cloudastructure:
Headquartered in Palo Alto, California, Cloudastructure’s
advanced award-winning security platform utilizes a scalable
cloud-based architecture that features cloud video surveillance
with proprietary, state-of-the-art AI/ML analytics, and a seamless
remote guarding solution. The combination enables enterprise
businesses to achieve proactive, end-to-end security, and pairs
that platform with an attractive value proposition that eschews
proprietary hardware and offers contract-free, month-to-month
pricing and unlimited 24/7 support. With Cloudastructure, companies
can achieve unparalleled situational awareness in real time and
thereby stop crime as it is happening, while simultaneously
achieving up to a 75% lower Total Cost of Ownership than other
systems. For more information, visit www.cloudastructure.com.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may be considered
forward-looking, such as statements containing estimates,
projections and other forward-looking information. Forward-looking
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“guidance,” “outlook,” “effort,” “target” or the negative of such
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these words does not mean that a statement is not forward-looking.
Any forward-looking statements expressing an expectation or belief
as to future events is expressed in good faith and believed to be
reasonable at the time such forward-looking statement is made.
However, these statements are not guarantees of future events and
involve risks, uncertainties and other factors beyond our control.
Therefore, we caution you against relying on any of these
forward-looking statements. Actual outcomes and results may differ
materially from what is expressed in any forward-looking statement.
Except as required by applicable law, including U.S. federal
securities laws, we do not intend to update any of the
forward-looking statements to conform them to actual results or
revised expectations.
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Investor Relations and Media Contact: Kathleen Hannon Sr.
Communications Director Cloudastructure, Inc. 530 Lytton Ave. 2nd
Floor Palo Alto, California 94301 Kathleen@cloudastructure.com.
(704) 574-3732