Infrastructure Networks and Osprey Informatics Swap CEOs

 
September 17, 2019
Infrastructure Networks

HOUSTON, TX (Sept 17, 2019) — Infrastructure Networks, Inc. (“INET”), the leading wireless LTE solutions provider to the onshore energy industry, and Osprey Informatics (“Osprey”), the leader in intelligent visual monitoring solutions for industrial operations, announced today that they are swapping senior leaders, with Mark Slaughter being appointed as INET’s chief executive officer and Scott Crist being named as Osprey’s chief executive officer (“CEO”). Slaughter and Crist will remain on the boards of Osprey and INET, respectively.

Slaughter was most recently the chairman and CEO at Osprey as well as executive chairman at INET. Previously, he was CEO and president at RigNet, Inc. (Nasdaq: RNET), and brings over 35 years of leadership experience in the oilfield services and remote communications industries. “I am honored to be named CEO at INET, and plan to build on the strong foundation that Scott has laid. With INET having established itself as a leader in remote communications, the Company is now poised for its next phases of growth,” Slaughter said.

Crist is a successful early-stage CEO and venture capitalist with nearly 30 years of experience at INET, Texas Ventures and various technology companies. “Mark and I considered the relative maturities and emerging opportunities for both companies,” Crist said adding, “We decided this swap was a natural fit for each of our skill sets and the relative stages of the companies. We are tremendously excited to take both companies into the next phases of their development and growth.”

About Infrastructure Networks

INET is a fully-integrated technology and telecommunications company that enables the 'Industrial Internet of Things' (“IIoT”). The Company provides the first end-to-end, standards-based, dedicated wireless solution platform capable of supporting the full spectrum of IIoT solutions. INET also owns or controls the 4G/ 5G LTE spectrum covering the majority of energy-producing assets in North America. By providing wireless LTE connectivity and “plug and play” solutions to oil and gas and other industrial companies, INET has become the leader in providing innovative products and services to the industry. INET manages critical communications through its CloudCore Wireless-Infrastructure-as-a-Service Platform. As such, the Company enables existing SCADA, Mobile Data, Video, Workforce Automation, and other machine-to-machine applications with IIoT functionality. INET is based in Houston, Texas. Strategic investors include Altira Group LLC and Apollo Global Management, LLC. For more information, please go to the Company’s website: www.inetLTE.com.

About Osprey Informatics

Osprey has developed an intelligent visual monitoring platform called Osprey Reach that empowers industrial companies to reduce operational costs, while mitigating environmental and safety risks. Customers are able to increase productivity through virtual asset monitoring, improve HSE compliance with automated leak detection and safety supervision, as well as strengthen security and accountability through proactive activity detection. Osprey Reach is powered by computer vision, a type of artificial intelligence generating accurate, insightful alerts and reports enabling “true management by exception.” The Company is headquartered in Calgary, Alberta, and has an executive office in Houston, Texas. Strategic investors include Shell Ventures, Evok Innovations and InterGen Capital. More information may be found on the Company’s website: www.ospreyinformatics.com.