UTONOMY STRENGTHENS ITS BOARD

Following our successful £5m Series A fundraising in November 2022, we are delighted to announce the appointment of Malcolm Fallen as Non-Executive Chairman and Peter Massey as Non-Executive Director.

The appointment of Malcolm and Peter will significantly strengthen our board. They will work closely with the executive team, advising on strategy and providing support with business development and fundraising.

Malcolm has extensive board experience in quoted and private equity backed companies. He is currently Chairman of Kent, a global provider of technical services to the oil and gas industry with revenues of $1.2billion. He was previously Chairman of Innovia Group, a supplier of substrate for polymer bank notes. During his executive career, Malcolm worked in the technology and communications sectors, both in financial and general management roles. Malcolm has an economics degree from Cambridge and is a Chartered Accountant.

Peter has had a 30-year career in the UK gas distribution and transmission industry. He has held numerous senior leadership roles at National Grid plc in both the UK and US, including Director Transformation – Global Gas Distribution, Director Distribution Support and Head of UK Network Services.

Peter is currently Non-Executive Director of 1Spatial plc the Aim-listed, global leader in providing Location Master Data Management (LMDM) software, solutions and business applications to Government, Utilities and Transport sectors. He is a Chartered Engineer with a BSc (Hons) in Natural Gas Engineering from the University of Salford.

Speaking about Malcolm and Peter’s appointment, Utonomy CEO Adam Kingdon said: “We are delighted to welcome Malcolm and Peter to the Utonomy board. They will provide invaluable strategic and commercial advice to the Utonomy team as we start to scale the company.”