Serial entrepreneur brings market experience in key oil and gas vertical
market to Redline's board
TORONTO, Dec. 19, 2013 /CNW/ - Redline Communications (www.rdlcom.com) Group Inc. (TSX: RDL), a leading provider of broadband wireless solutions and
machine-to-machine (M2M) communications for oil and gas and other
industrial markets today announced the appointment of Nizar Jaffer
Somji to its board of directors, replacing Skuli Mogensen who is
leaving the board to focus on his role as CEO of WOW Air.
"We welcome Nizar to the Redline Communications board of directors,"
said Philippe de Gaspé Beaubien, Redline's chairman of the board.
"Nizar's entrepreneurial experience will contribute greatly to the
board's effectiveness, particularly in Redline's key vertical - the oil
and gas industry. Redline has made substantial strategic personnel and
operational changes as we exit 2013, and adding Nizar to the board of
directors is another element of our formula for success in 2014."
Nizar is a serial entrepreneur, corporate executive and board director
with a proven track record of growing businesses. He is the founder and
former president and chief executive officer (CEO) of Matrikon Inc., a
recognized leader in industrial intelligence for the oil and gas
industry. Nizar grew Matrikon from a one person operation to a publicly
traded, multinational company employing 600 people, which serves
customers on six continents and produces revenues in excess of $90
million. Under Nizar's leadership, Matrikon enjoyed 22 years of growth,
profitability and international expansion, all with a strong, debt-free
balance sheet. Matrikon was acquired by Honeywell in June 2010 for $144
Nizar founded and currently serves as president and CEO of Jaffer Inc.,
a real estate, investment and hospitality company with assets in Canada
and the USA. Nizar is also chairman of the board of Zafin Inc., an
award-winning supplier of relationship banking software solutions to
the financial services industry. Most recently, Nizar was appointed to
the Board of Governors at the University of Alberta.
Nizar holds a Master of Science in chemical engineering from the
University of Alberta and a Bachelor of Science in electrical
engineering from the University of Birmingham in the United Kingdom.
In addition to Nizar, Redline's board of directors consists of chairman
Philippe de Gaspé Beaubien III, CEO of Telemedia Ventures Inc; Eric
Demirian, president of Parklea Capital; Rob Soni, Matrix Partners; and
Robert Williams, CEO of Redline Communications; John Wilson, president
and CEO of Quantapoint Inc.
About Redline Communications
Redline Communications (www.rdlcom.com) is the innovator of Virtual Fiber™, a specialized wireless broadband
solution used to cost-effectively deploy and extend secure networks,
enable M2M applications, connect digital oilfields and smart grids,
facilitate and enhance public safety networks, and bring Internet
access wherever and whenever it's needed - regardless of terrain or how
remote. For more than a decade Redline has delivered powerful,
versatile and reliable wireless solutions to governments, militaries,
oil and gas companies and telecom service providers through its global
network of certified partners. For more information visit www.rdlcom.com.
SOURCE: Redline Communications Group Inc.
For further information:
Chief Communications Officer
Press Kit: http://redline.mobilitypr.com