Zeu Technologies Inc ZEUCF

ZeU Technologies appoints Gibson CEO to replace Dumas

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LEADERSHIP TRANSITION: NOMINATION OF A NEW PRESIDENT & CEO

With immediate effect, Ryan Gibson has accepted the position of president and chief executive officer of ZeU Technologies Inc., replacing Francois (Frank) Dumas. Mr. Gibson will also take over the board of directors' position, which Mr. Dumas has vacated.

Mr. Gibson has decades of experience working with transnational governmental entities, focusing on financial networks and trading infrastructures. His current entrepreneurial efforts have focused on building a carbon credit generation business. The business uses artificial intelligence to optimize revenue generation for alternative energy producers.

"I have reviewed the business model and intellectual property of ZeU in detail. Over the next few weeks, my team and I will examine ZeU's technology in depth to pinpoint opportunities to improve carbon credit production. Concurrently, we are exploring proposals to develop an innovative platform to democratize access to AI processing pools of resources, empowering smaller actors in the AI sector. (...) I'm aware of ZeU's challenging financial position. I am prepared to initiate discussions with the company's known creditors. My aim is to negotiate solutions that will allow the company to refinance itself and relaunch its business. I am confident in our ability to generate revenue streams and settle the corporation's financial obligations within a reasonable time frame. (...) My interactions with the ZeU team have been positive. I look forward to working with ZeU and engaging with its potential partners and stakeholders to pursue our shared objectives," commented Mr. Gibson.