Innovature IoT Production Domain Carved out as a Separate Entity – “Pinmicro”, Appoints Tiby Kuruvila as Global CEO to Lead Growth

Innovature, a leading technology company, is proud to announce the formation of a new entity named Pinmicro, which will focus on the production of IoT (Internet of Things) products. The new entity will be headed by Mr. Tiby Kuruvila.

The decision to form Pinmicro was made as part of Innovature’s ongoing efforts to streamline its operations and better serve its customers. By separating the IoT production domain into a separate entity, Innovature will be able to focus more closely on the needs of its IoT customers and provide them with more specialized and customized solutions specifically relating to indoor navigation and positioning systems.

Pinmicro will be responsible for the development and production of a wide range of IoT products, including smart home devices, industrial automation systems, and wearable technology. The company will also provide consulting services to help customers implement and utilize IoT solutions in their businesses.

“We are excited to launch Pinmicro as a separate entity,” said Pinmicro CEO Tiby Kuruvila. “This will allow us to better serve our IoT customers and to continue to innovate in this rapidly-growing field” he said.

About Innovature

Innovature is a leading technology company that provides cutting-edge solutions to its clients. The company is dedicated to creating a positive work environment and is committed to making a positive impact in the community.

Safe Harbor

Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. In addition, please note that the date of this press release is February 7, 2022 and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.

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