Reticulate Micro Introduces Reticulate Space

New Business Segment Expands the Company's Market Offering and Builds Upon its Current Video-Compression Solutions

PALM BAY, Fla., Jan. 30, 2024 /PRNewswire/ -- Reticulate Micro, Inc. ("Reticulate Micro," "Reticulate" or the "Company"), a defense technology company dedicated to delivering trusted and resilient communications over any transport and in any environment, has announced the formation of Reticulate Space, its new business segment focused on bringing to market breakthrough multi-orbit satellite communications management technologies for government and commercial users.

Reticulate Space will initially focus on defense and selective commercial opportunities, including first responders, broadcasters, and in-flight connectivity and mobility providers. Reticulate Space's product platform shares Reticulate Micro's open-source architecture approach and incorporates its VAST™ video compression technology.

"Launching Reticulate Space greatly expands the addressable market for our products. This was a strategic decision for our company to move up the value chain in our core market of resilient communications," said Joshua Cryer, President and Chief Executive Officer of Reticulate Micro. "Critically, we have recruited a world-class management team of industry insiders with extensive customer relationships and deep insight into their needs."

The company also announced the senior leadership team of Reticulate Space. David Horton, who joined Reticulate Micro in October 2023 as Chief Operating Officer, will assume the role of President of Reticulate Space. Horton, an industry and Air Force veteran, brings three decades of experience in executive, product strategy and technology leadership at companies such as EMS Technologies Defense & Space (Honeywell), Panasonic Avionics Corp., TECOM Industries (Smiths PLC) and Lockheed Martin to Reticulate Space.

Mark Steel will hold the dual title of Executive Vice President, Product & Services for Reticulate Micro and Chief Technology Officer of Reticulate Space. Steel is a 35-year veteran of the communications and satellite industry, who spent over a decade at Inmarsat, now part of Viasat, where he was VP of Product Development and Strategy and established the type approval function for Inmarsat's Global Xpress broadband network. This compliance process ensured that equipment was built with consistency in performance and quality to mitigate the potential for interference on Inmarsat and adjacent satellite fleets.

Rounding out the team is Paul Scardino, assuming the positions of Executive Vice President, Sales for Reticulate Micro and Chief Strategy Officer for Reticulate Space. Scardino has held senior leadership roles at Comtech, L3Harris Technologies, Speedcast and Globecomm Systems, and brings 35 years of broad expertise across sales, business and product development, program management and business strategy to the company.

"I'm excited to lead Reticulate Space at such a transformative time in the satellite industry," said Horton. "By combining content and transport technologies in revolutionary ways, we will redefine what always-on network resiliency means for the warfighter and enterprise users."

About Reticulate Micro, Inc.

Reticulate Micro, Inc., with headquarters in Palm Bay, Florida, is a commercial and defense technology company dedicated to delivering trusted and resilient communications over any transport and in any environment. Reticulate is building one of the world's first quantum-protected open-systems platforms for robust video streaming, simplified terminal management and satellite mobile connectivity in austere environments and diverse orbital regimes. Serving the defense, mobility, broadcasting, enterprise infrastructure monitoring and security sectors, Reticulate Micro and its newest business segment Reticulate Space embrace open standards across its software and product offerings.

Cautionary Note Regarding Forward-Looking Statements:

This press release contains forward-looking statements that are subject to various risks and uncertainties. In addition, our representatives or we may make forward-looking statements orally or in writing from time to time. We base these forward-looking statements on our expectations and projections about future events, which we derive from the available information. Such forward-looking statements relate to future events or our future performance, including our financial performance and projections, revenue and earnings growth, and business prospects and opportunities. You can identify forward-looking statements by those that are not historical facts, particularly those that use terminology such as "intends," "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including our limited operating history, our ability to continue as a going concern, our ability to manage rapid growth, the potential loss of our senior officers and directors who we rely upon, our potential inability to maintain, train and build an effective sales and marketing infrastructure, our need for additional financing to accomplish our business strategy, the reception of our technology by the market, our ability to compete effectively in a very competitive environment, our ability to build brand awareness and brand loyalty, potential supply limitations, our potential inability to protect our intellectual property, the possibility that our products become obsolete, risks associated with our use of certain artificial intelligence and machine learning models, and failures, or perceived failures, to comply with privacy, data protection, and information security requirements in the variety of jurisdictions in which we operate or plan to operate. These and other factors may cause our results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking statements discussed in this press release, and other statements made from time to time by our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to publicly update or revise any forward-looking statement in this release, except in accordance with applicable law.

Contact:

Media:
Reticulate Micro Media Relations
[email protected] 

Investors: 
Brian M. Prenoveau, CFA
MZ Group – MZ North America
561.489.5315
[email protected] 

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SOURCE Reticulate Micro, Inc.