MISSISSAUGA, Ontario, July 16, 2013 (GLOBE NEWSWIRE) -- Sphere 3D
Corporation (TSX-V:ANY) ("Sphere 3D" or the "Company"), developer of
Glassware 2.0(TM) foundational thin client technology, announced today
the appointment of Mr. Eric L. Kelly, President and CEO of Overland
Storage, Inc., as a director of the Company and to serve in the
capacity of Chairman of the Board.
Eric Kelly is a seasoned executive with over 30 years' experience in
the technology industry and possesses distinct operational, marketing
and sales expertise. Mr. Kelly has served as Chief Executive Officer of
Overland Storage since January 2009, its President since January 2010
and a member of its Board of Directors since November 2007. Previously,
he was President of Silicon Valley Management Partners Inc., a
management consulting and M&A advisory firm, which he co-founded in
2007. Prior to Overland, Mr. Kelly also held the positions of Vice
President and General Manager of Storage Systems Solutions at Adaptec,
Inc.; President and CEO of Snap Appliance, which was acquired by
Adaptec; President of the Systems Division at Maxtor Corp.; and had
various prior executive-level roles with Dell Computer Corp., Diamond
Multimedia, Conner Peripherals and IBM. In March of 2013, U.S. Deputy
Secretary of Commerce Rebecca Blank appointed Mr. Kelly to the 2013 US
Department of Commerce Manufacturing Council, where he currently serves
as Vice-chairman of the subcommittee on Workforce and Public Perception
of Manufacturing. Mr. Kelly possesses an M.B.A. from San Francisco
State University and a B.S. in Business from San Jose State University.
"We are fortunate that Eric has agreed to join the Board and look
forward to his guidance and stewardship as Chairman. His extensive
start-up and operating experience will be of considerable value to
Sphere 3D as the Company continues to introduce its technology to the
marketplace," said Peter Tassiopoulos, CEO of Sphere 3D.
The Company, its management and board of directors would like to thank
Jason Meretsky, for his dedication and service as Chairman. Mr.
Meretsky will continue as a director of the Company. Following the
appointment of Mr. Kelly, the board of directors of Sphere 3D will
consist of the following six directors: Peter Ashkin, Mario Biasini,
Glenn Bowman, Eric Kelly, Jason Meretsky and John Morelli.
About Sphere 3D
Sphere 3D Corporation (TSX-V:ANY) is a Mississauga, Ontario based
virtualization technology solution provider whose patent pending
Glassware 2.0(TM) technology makes it possible for incompatible devices
and applications to run over the cloud, without sacrificing performance
or security. Sphere 3D's Glassware 2.0(TM) ultra-thin client allows
third parties to deliver fully featured products to any cloud connected
device independent of operating system or hardware. For additional
information visit www.sphere3d.com or access the Company's public
filings at www.sedar.com.
This release contains forward-looking statements. Forward-looking
statements, without limitation, may contain the words believes,
expects, anticipates, estimates, intends, plans, or similar
expressions. Forward-looking statements are not guarantees of future
performance. They involve risks, uncertainties and assumptions and
Sphere 3D's actual results could differ materially from those
anticipated. Forward looking statements are based on the opinions and
estimates of management at the date the statements are made, and are
subject to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially from those
projected in the forward-looking statements. In the context of any
forward-looking information please refer to risk factors detailed in,
as well as other information contained in the company's filings with
Canadian securities regulators.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy of this release.
Not for distribution in the United States or through United States wire
CONTACT: Sphere 3D Corporation
Peter Tassiopoulos CEO
Tel: (416) 749-5999