Glowpoint Announces Name Change and New Ticker Reflecting Shift to Multi-Stream Collaboration
New name “Oblong Inc.” aligns with Company’s strategy to drive the next generation of visual and data collaboration
Company to trade under ticker OBLG on Monday, March 9, 2020
March 2, 2020 — (BUSINESS WIRE) Glowpoint, Inc. (NYSE American: GLOW) (“Glowpoint” or the “Company”), a provider, through its wholly-owned subsidiary, Oblong Industries, Inc., of award-winning innovative multi-stream collaboration technologies that drive the next generation of visual and data collaboration, today announced that it will change its corporate name to “Oblong, Inc.” and will begin trading under the ticker OBLG on March 9, 2020.
The name change is the culmination of the company’s transition to a next-generation provider of advanced visual solutions for real-time collaboration.
“Oblong has an established track record with enterprise customers for delivering a compelling ROI and meaningful improvement in team productivity,” commented Oblong CEO Pete Holst. “The Oblong name, with its reputation for patented, advanced collaboration technologies, fits perfectly with our strategy to advance the current state of virtual collaboration. The Company is fully aligned to grow the business by delivering the most advanced content collaboration solutions through the release of new services and expansion of distribution channels.”
About Oblong Inc.
Oblong’s innovative IP-protected technologies change the way people work, create, and communicate. With roots in more than two decades of research at the MIT Media Lab, Oblong delivers visual solutions for content-rich collaboration and spatial computing environments. Oblong’s flagship product Mezzanine™ is the technology platform that defines the next era of computing: simultaneous multi-user, multi-screen, multi-device, multi-location for dynamic and immersive visual collaboration. Our customers are primarily comprised of Fortune 1000™ companies across diverse vertical markets, along with small and medium sized enterprises that embrace Oblong’s Mezzanine™ products to collaborate more effectively and make decisions faster.
Forward looking and cautionary statements
This press release and any oral statements made regarding the subject of this release contain forward-looking statements as defined under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, that address activities that Glowpoint assumes, plans, expects, believes, intends, projects, estimates or anticipates (and other similar expressions) will, should or may occur in the future are forward-looking statements. Glowpoint’s actual results may differ materially from its expectations, estimates and projections, and consequently you should not rely on these forward-looking statements as predictions of future events. Without limiting the generality of the foregoing, forward-looking statements contained in this press release include statements relating to the Company’s future growth prospects by delivering the most advanced content collaboration solutions. The forward-looking statements are based on management’s current belief, based on currently available information, as to the outcome and timing of future events, and involve factors, risks, and uncertainties that may cause actual results in future periods to differ materially from such statements. A list and description of these and other risk factors can be found in the Company’s Annual Report on Form 10-K for the year ending December 31, 2018 and in other filings made by the Company with the SEC from time to time, including the Company’s Quarterly Report on Form 10-Q for the three and nine months ended September 30, 2019. Any of these factors could cause Glowpoint’s actual results and plans to differ materially from those in the forward-looking statements. Therefore, Glowpoint can give no assurance that its future results will be as estimated. Glowpoint does not intend to, and disclaims any obligation to, correct, update or revise any information contained herein.
Investor Relations Contact:
Hayden IR, LLC