11th Feb 2015 09:12
LONDON (Alliance News) - CloudTag Inc said Wednesday that it has appointed Amit Ben-Haim as its chief executive officer with immediate effect, as it focuses on completing the development of its first wearable device.
The company said it is on track to receive pre-mass production test models of its wearable device in the coming months.
Current Chief Executive Andy Jackson has resigned to focus on other business activities; he will retain options over 2.5 million new shares of the 5 million options he was granted in January.
Shares in CloudTag are trading up 11.9% at 3.50 pence Wednesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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