Sysorex Elects Nasdaq- Listed Firm CEO William Stilley To Board Of Administrators

HERNDON, Va., Sept. 13, 2021 (GLOBE NEWSWIRE) — Sysorex (OTCQB: SYSX) (“Sysorex” or the “Firm”), the preeminent, U.S.-based, publicly traded Ethereum mining and applied sciences firm, at this time introduced that it has elected William B. Stilley, III to the Firm’s Board of Administrators and as Chair of the Board’s Audit Committee. The Firm additionally expanded the dimensions of its Board to 5 administrators and established its Audit Committee.

Mr. Stilley is the Chief Govt Officer of Adial Prescription drugs, Inc. (Nasdaq: ADIL), a biopharmaceutical firm targeted on growing therapies for the therapy and prevention of habit and associated problems. Previous to becoming a member of Adial, he was the Vice President, Enterprise Growth & Strategic Initiatives at Medical Information, Inc., the place Mr. Stilley was instrumental within the closing of mergers and acquisitions and licensing transactions, and was concerned in administration of the corporate’s Part 3 medical trials, overseeing manufacturing, and sourcing drug product. Mr. Stilley additionally served because the Chief Working Officer and Chief Monetary Officer of Adenosine Therapeutics LLC, the place he ran the inner operations of the corporate together with analysis and growth, and all financing exercise, till its sale to Medical Information.

Previous to his company profession, Mr. Stilley was Captain within the U.S. Marine Corps. Mr. Stilley earned an MBA with honors from the Darden Faculty of Enterprise and a B.S. in Commerce/Advertising from the McIntire Faculty of Commerce, College of Virginia. He has visitor lectured on the Darden Faculty of Enterprise and serves on the board of Avalon Globocare Corp. (Nasdaq: AVCO) and the Virginia BIO board of advisors.

Wayne Wasserberg, Chief Govt Officer of Sysorex, commented, “We’re very excited to welcome Invoice to our Board. He brings intensive monetary expertise and is well-suited to his new roles as Director and Chair of Sysorex’s Audit Committee. As we put together to listing our securities on a extra senior market, Invoice’s expertise because the CEO of a Nasdaq-listed firm shall be helpful. Invoice can be exploring modern use instances for blockchain expertise at Adial and we hope to be ready to help with these endeavors. We consider the growth of our Board and this appointment reinforce our dedication to the very best ranges of company governance.”

Mr. Stilley said, “I sit up for offering my expertise to assist Sysorex execute on its bold development technique. Sysorex has already established itself as a pacesetter in Ethereum mining and expertise for presidency providers markets, and the Firm is effectively positioned to leverage these capabilities and capitalize on rising alternatives pushed by the transition to Ethereum 2.0, as governments and companies migrate to Ethereum and different blockchains. I additionally sit up for supporting a lot of thrilling initiatives underway that may assist leverage Sysorex’s strong expertise into new markets similar to healthcare, as we work collectively to construct shareholder worth.”


Sysorex, Inc. (“Firm”) is an information heart proprietor and operator and is the preeminent U.S.-based, publicly traded Ethereum mining and Ethereum Blockchain applied sciences firm. Following the Firm’s merger with TTM Digital Property & Applied sciences, Inc. (“TTM”), the Firm shifted its main enterprise focus to the mining of Ether (ETH) and alternatives associated to the Ethereum Blockchain. The Firm at the moment owns and operates roughly 10,000 NVIDIA GPUs producing roughly 500 Gigahash of computing energy, which GPUs embody hundreds of Cryptocurrency Mining Processors (“CMPs”). These GPUs are at the moment on-line and securing the Ethereum Blockchain and producing ETH across the clock with trade main effectivity, and this ETH is at the moment being retained by Sysorex because it grows its stability sheet. Along with the mining of ETH, the Firm continues to function its wholly owned subsidiary, Sysorex Authorities Companies, Inc. (“SGS”), a enterprise that gives info expertise merchandise, options and providers to federal, state, and native authorities, together with system integrators. The Firm can be advancing methods to leverage decentralized finance (“De-Fi”) and Non-Fungible Token (“NFT”) alternatives powered by the Ethereum Blockchain.

Protected Harbor Assertion

All statements on this launch that aren’t primarily based on historic reality are “forward-looking statements” throughout the which means of the Non-public Securities Litigation Reform Act of 1995 and the provisions of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended. Whereas administration has primarily based any forward-looking statements included on this launch on its present expectations, the data on which such expectations had been primarily based might change. These forward-looking statements depend on a lot of assumptions regarding future occasions and are topic to a lot of dangers, uncertainties and different components, a lot of that are outdoors of the management of Sysorex, Inc. and its subsidiaries, which may trigger precise outcomes to materially differ from such statements. Such dangers, uncertainties, and different components embody, however should not restricted to, the fluctuation of financial circumstances, the influence of COVID-19 on Sysorex’s outcomes of operations, Sysorex’s means to combine the merchandise and enterprise from latest acquisitions into its current enterprise, the efficiency of administration and staff, the regulatory panorama because it pertains to privateness laws and their applicability to Sysorex’s expertise. Different components which might be detailed in Sysorex’s periodic and present experiences accessible for evaluate at Moreover, Sysorex operates in a extremely aggressive and quickly altering setting the place new and unanticipated dangers might come up. Accordingly, traders mustn’t place any reliance on forward-looking statements as a prediction of precise outcomes. Sysorex disclaims any intention to, and undertakes no obligation to, replace or revise forward-looking statements.

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