Weebit Nano appoints Fred Bart to Board of Directors

Ananda Kathiravelu to retire from the Board

14 March 2018 Weebit Nano (ASX: WBT), the Israel-based semiconductor company seeking to develop and commercialise the next generation of memory technology, today announced the appointment of Fred Bart to the Board as a Non-Executive Director.

Weebit Nano Chairman, Mr Dadi Perlmutter, welcomed the appointment of Mr Bart to the Board as the Company continues to optimise and scale its ReRAM technology and develop commercialisation opportunities and possible alliance partners in several related industries.

Commenting on the appointment, Mr Perlmutter said, “Fred brings to the Company a deep understanding of developing collaborative partnerships and alliances and scaling up advanced technology for use in different applications across many sectors. As such, his broad business experience complements our current deep technology expertise that we believe has the capability to be a new industry standard.”

Mr Bart’s career spans more than 40 years in Australia and overseas. He has been Chairman, Non-Executive Director and strategic investor of numerous public and private companies since 1980 in the manufacturing, biotechnology, immunotherapy research, audio and digital speakers, defence, aerospace and hi-tech sectors. He maintains a diversified portfolio of interests in public and private businesses through his holding company – the Bart Group.

He is currently Chairman of three companies:  Electro Optics System (ASX: EOS); Audio Pixels Holdings Limited (ASX: AKP); and Immunovative Therapies Limited, a Jerusalem-based immunotherapy and international biopharmaceutical company. Both Electro Optics Systems and Audio Pixels are leading global technology companies that have experience working with large and reputable partners. Previously Mr Bart served as Non-Executive Director of Genetic Technologies Limited from October 1996 to November 2009.

Mr Bart said, “I am very excited to join Weebit Nano. The company has a unique approach to creating and commercialising one of the basic building blocks for emerging computer architectures that will be widely used in the ‘new data economy’. Devices in the Internet of Things, cognitive computing and artificial intelligence and machine learning will all depend on this advanced memory capability. Weebit Nano has several key advantages with its technology, and the team has already exhibited market leading progress. These were factors in my decision to join the Board.”

Mr Bart is a Member of Australian Institute of Company Directors.

Mr Bart will be replacing Mr Ananda Kathiravelu, who is retiring from the Board of Directors of Weebit Nano having been a director since 2011. Mr Kathiravelu played a significant role in bringing Weebit Nano to the ASX, and in the Company’s continued evolution since listing.  

Chairman, Mr Perlmutter, said, “On behalf of the Board we would like to thank Ananda for his significant contribution to Weebit Nano. His efforts helped bring Weebit to the ASX and for that we are most grateful. We wish him all the best for his future endeavours.”

For further information, contact:             

Investors                                                               Media                                                                          

Eric Kuret                                                               Tristan Everett                                                       

Market Eye                                                             Market Eye         

P: +61 3 9591 8904                                                P: +61 3 9591 8905                                                               

E: Email Contact                                E: Email Contact       

About Weebit Nano Limited

Weebit Nano is a leader in the development of next generation computer memory technology, and plans to become the new industry standard in this space. Its goal is to address the growing need for a significantly higher performance and lower power computer memory technology. Weebit Nano’s ReRAM technology is based on fab-friendly Silicon Oxide, allowing the company to rapidly execute, without the need for special equipment or preparations. The company secured several patents to ensure optimal commercial and legal protection for its ground-breaking technology. 

Weebit Nano’s technology enables a quantum leap, allowing semiconductor memory elements to be significantly cheaper, faster, more reliable and more energy efficient than the existing Flash technology. Weebit Nano has signed an R&D agreement with Leti, an R&D institute that specialises in nanotechnologies, to further develop SiOx ReRAM technology.

For more information please visit: http://www.weebit-nano.com/

Review Article Be the first to review this article

Featured Video
Principle Electronic Design Engr for Cypress Semiconductor at San Jose, California
Applications Engineer for intersil at Palm Bay, Florida
Design Verification Engineer for intersil at Morrisville, North Carolina
Senior Electrical Engineer for Allen & Shariff Corporation at Pittsburgh, Pennsylvania
Upcoming Events
NVIDIA’s GPU Technology Conference (GTC) at San Jose McEnery Convention Center 150 West San Carlos Street San Jose CA - Mar 26 - 29, 2018
ESC Conference Boston at boston MA - Apr 18 - 19, 2018
IEEE Women in Engineering International Leadership Conference at 150 W San Carlos St San Jose CA - May 21 - 22, 2018
DownStream: Solutions for Post Processing PCB Designs

Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise