FreeWave Technologies announced that its co-founder Steve Wulchin is leaving his role as president of the company. Wulchin remains the company's single largest shareholder and will continue to be actively involved as a board member in the development of the company’s new product platforms and in its expansion into international marketplaces.
“I have full confidence in the new executive team Kim Niederman (FreeWave’s new CEO) has assembled, and the strategic direction they have laid out for FreeWave,” Wulchin said.
While continuing to be actively involved in the company, Wulchin plans to get more involved in the startup community, both from the standpoint of active involvement and mentorship, as well as private investment.
As a co-founder, Wulchin helped the Boulder, Colo.-based company be a stable contributor to the local economy and community since its inception in August 1993.
“Steve Wulchin is the rare entrepreneur who has led the company he founded for a full 20-plus years with the highest integrity, care for employees and a ‘customer first’ focus,” said Gary Vacon, a FreeWave board member. “Steve always puts the company first, and this is evident in every single one of the millions of radios the company has deployed over the years…It’s been a privilege to work with him as CEO and president, and we look forward to his continued leadership in taking this company forward.”
With the burgeoning Industrial Internet of Things (IIoT) market expected to surpass $200 billion this year, FreeWave has its sights set on disrupting the largest segment of the IIoT industry. “Steve has contributed greatly to our new strategy and the many new products in development that will be launched over the next several quarters,” said FreeWave CEO Kim Niederman. These products will offer FreeWave’s technology called S2S that is built around the company’s new Sensor to Server strategy.
“The Internet of Things is transforming the industrial radio and SCADA business and FreeWave is repositioning its internal skillsets to match the requirements of the new business,” Niederman added. “Hiring the right people with the right skillsets will ensure we continue to offer our customers and partners the very best services and technology solutions that will help them continue to grow and be successful.”
Niederman says that a new generation of wireless sensor networks will make deployments faster, more cost-effective and easier to deploy than before.
Source: FreeWave Technologies