Federated Wireless Names John Bruno as Chief Financial Officer

Federated Wireless, Inc., a subsidiary of Allied Minds (LSE:ALM) that is developing scalable wireless infrastructure solutions to extend the access of carrier networks, today announced the appointment of John Bruno as Chief Financial Officer and Senior Vice President.

John brings more than 20 years of experience in directing the strategic, operational and financial aspects of high-tech companies. Before joining Federated Wireless, John worked at VidSys, where he was instrumental in ensuring the company’s continued growth and long-term viability. John raised capital, negotiated complex business agreements and fostered financial discipline across the organization in order to reach the company’s objectives.

Prior to VidSys, John served as Chief Financial Officer for Appfluent Technologies, a leading provider of enterprise business intelligence (BI) and data warehouse management software. He also previously held executive positions at Access Spectrum, LLC, Ericsson IP Infrastructure, and Torrent Networking Technologies, Inc., where he played a key role in building the company, raising capital and negotiating its sale to Ericsson for $450M.

"The addition of John Bruno reinforces the financial and business backbone of the Federated Wireless team,” said Iyad Tarazi, Chief Executive Officer of Federated Wireless. "His past experience with high-growth technology companies, the software industry, voice and data networks, coupled with his knowledge of the complexity of the financial aspects of business, will strengthen our team and the overall company.”

John specializes in helping small companies build strong financial infrastructures and in providing the financial and operational guidance necessary for emerging companies to manage rapid growth. Developing business strategies, raising capital, negotiating complex business agreements, managing expenses, and safeguarding corporate assets through the establishment of strong financial systems and controls are critical skills that John has applied in small and emerging businesses.

John is a Certified Public Accountant, and holds a Bachelor of Science degree in accounting from West Virginia University and an MBA from George Mason University.

About Federated Wireless
Formed in 2012, Federated Wireless, Inc., a subsidiary of Boston-based Allied Minds (LSE:ALM), is developing scalable wireless infrastructure solutions to extend the access of carrier networks. Our dynamic Spectrum Access System (SAS) platform focuses on the distribution of licensed shared spectrum. Our unique approach incorporates a neural network of radio sensors that allow for interference-free access to low-cost, high-quality licensed spectrum, and breaks down traditional barriers of high cost and exclusive spectrum. Our differentiated business model creates opportunities for more efficient and innovative approaches to spectrum.

Federated Wireless is headquartered in Arlington, VA, and has offices in Boston, MA and Sunnyvale, CA. More information can be found at www.federatedwireless.com.

About Allied Minds
Allied Minds is an innovative U.S. science and technology development and commercialization company. Operating since 2006, Allied Minds forms, funds, manages, and builds products and businesses based on innovative technologies developed at leading U.S. universities and federal research institutions. Allied Minds serves as a diversified holding company that supports its businesses and product development with capital, central management and shared services. More information about the Boston-based company can be found at www.alliedminds.com.

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