Former Apple and Intel executive to drive
financial growth as company enters its next chapter as a public
company
Today, Bright Machines, a pioneer in intelligent,
software-defined manufacturing, announced the addition of Michael
Keogh, a 20-year tech and manufacturing industry veteran, to its
leadership team as Chief Financial Officer. He joins during a
period of growth and expansion for the company, as Bright Machines
prepares to go public later this year through a previously
announced de-SPAC transaction. Mike brings expertise that bridges
technology and manufacturing, having held senior finance positions
across industry-leading companies like Apple, Intel, and Stanley
Black & Decker throughout his impressive career.
Mike joins Bright Machines from Stanley Black & Decker,
where he was the President of the STANLEY X group, a business unit
he helped found to drive innovation across the company through
startup incubation and partnerships. In addition to building a
portfolio of cutting-edge SaaS companies, he led the company’s IoT
and Emerging Technologies practice areas. Prior to STANLEY X, Mike
was the CFO for the company’s $1.6B Emerging Markets business,
where he led all of finance for countries outside of North America
and Europe.
During a period of exponential growth at Apple, Mike held
leadership positions across various finance organizations including
global manufacturing operations, corporate financial planning and
analysis, and research & development, including all hardware
and silicon development. Prior to Apple, Mike spent over 13 years
at Intel, where he held finance positions of increasing
responsibility, rotating through key Intel factory sites in the
U.S., Malaysia, Philippines, and China, driving manufacturing,
supply chain, and product excellence for the company.
“Mike is a seasoned leader who understands the intricacies and
nuances of two complex worlds, technology and manufacturing,” said
Amar Hanspal, Co-founder and CEO, Bright Machines. “I’m excited to
bring his expertise to our leadership team at this important moment
for our company, when our core focus is on financial performance,
accelerating growth, and developing the world’s best industrial
automation products for our customers.”
“Having spent years in product factories and seeing firsthand
the inherent issues with traditional automation methods, I am
excited to be joining Bright Machines as it continues on its
mission to transform the manufacturing industry,” said Mike Keogh,
CFO, Bright Machines. “Bright Machines is building an entirely new
approach to automation that is truly flexible and scalable and will
allow manufacturers to rise to the moment as reshoring and
localized production becomes an industry inevitability.”
Michael joins the current Bright Machines leadership team, which
consists of Amar Hanspal (CEO), Fiorella Dettorre (CHRO), Bill
Griffin (CRO), Victoria Libin (General Counsel and Corporate
Secretary), Brian Mathews (CTO), Caroline Pan (CMO), Abhishek Pani
(CPO), and Tzahi Rodrig (COO).
About Bright Machines
Headquartered in San Francisco, Bright Machines is a technology
company that is pioneering an innovative approach to intelligent,
software-defined manufacturing. It leverages computer vision,
machine learning, 3D simulation, and adaptive robotics to
fundamentally change the flexibility, scalability, and economics of
production. With more than 550 employees worldwide, Bright Machines
operates R&D centers in the U.S. and Israel, with additional
field operations in North America, Central America, Southeast Asia
and EMEA.
The company recently entered into a definitive merger agreement
with SCVX (NYSE: SCVX), a special purpose acquisition company, with
the intent of becoming a publicly traded company in the second half
of 2021.
Bright Machines is reimagining how products can be designed and
produced to address the realities of today and the future ahead.
Rethink everything you ever knew about manufacturing. Visit
www.brightmachines.com
Additional Information and Where to Find It
In connection with the proposed business combination, SCVX
intends to file a Registration Statement on Form S-4, including a
preliminary proxy statement/prospectus and a definitive proxy
statement/prospectus with the SEC. SCVX’s stockholders and other
interested persons are advised to read, when available, the
preliminary proxy statement/prospectus and the amendments thereto
and the definitive proxy statement/prospectus and documents
incorporated by reference therein filed in connection with the
proposed business combination, as these materials will contain
important information about Bright Machines, SCVX, and the proposed
business combination. When available, the definitive proxy
statement/prospectus and other relevant materials for the proposed
business combination will be mailed to stockholders of SCVX as of a
record date to be established for voting on the proposed business
combination. Stockholders will also be able to obtain copies of the
preliminary proxy statement/prospectus, the definitive proxy
statement/prospectus, and other documents filed with the SEC that
will be incorporated by reference therein, without charge, once
available, at the SEC’s website at www.sec.gov, or by directing a
request to: c/o Strategic Cyber Ventures, 1220 L St. NW, Suite
100-397, Washington, DC 20005.
Participants in the Solicitation
SCVX and Bright Machines and their respective directors and
executive officers may be considered participants in the
solicitation of proxies with respect to the potential transaction
described in this press release under the rules of the SEC.
Information about the directors and executive officers of SCVX is
set forth in SCVX’s Annual Report on Form 10-K filed with the SEC
pursuant to Section 13 of the Securities Exchange Act of 1934, as
amended, on April 6, 2021, and is available free of charge at the
SEC’s web site at www.sec.gov, or by directing a request to: c/o
Strategic Cyber Ventures, 1220 L St. NW, Suite 100-397, Washington,
DC 20005. Information regarding the persons who may, under the
rules of the SEC, be deemed participants in the solicitation of the
SCVX shareholders in connection with the potential transaction will
be set forth in the registration statement containing the
preliminary proxy statement/prospectus when it is filed with the
SEC. These documents can be obtained free of charge from the
sources indicated above.
No Offer or Solicitation
This press release shall not constitute a solicitation of a
proxy, consent, or authorization with respect to any securities or
in respect of the proposed business combination. This press release
shall also not constitute an offer to sell or the solicitation of
an offer to buy any securities, nor shall there be any sale of
securities in any states or jurisdictions in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
No offering of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act of 1933, as amended, or an exemption therefrom.
Forward Looking Statements
Certain statements herein may be considered forward-looking
statements. Forward-looking statements generally relate to future
events or SCVX’s or Bright Machines’ future financial or operating
performance. For example, statements about the expected timing of
the completion of the proposed business combination, the benefits
of the proposed business combination, the competitive environment,
and the expected future performance and market opportunities of
Bright Machines are forward-looking statements. In some cases, you
can identify forward-looking statements by terminology such as
“may”, “should”, “expect”, “intend”, “will”, “estimate”,
“anticipate”, “believe”, “predict”, “potential” or “continue”, or
the negatives of these terms or variations of them or similar
terminology. Such forward-looking statements are subject to risks,
uncertainties and other factors which could cause actual results to
differ materially from those expressed or implied by such forward
looking statements.
These forward-looking statements are based upon estimates and
assumptions that, while considered reasonable by SCVX and its
management, and Bright Machines and its management, as the case may
be, are inherently uncertain. Factors that may cause actual results
to differ materially from current expectations include, but are not
limited to: (1) the occurrence of any event, change or other
circumstances that could give rise to the termination of the merger
agreement; (2) the outcome of any legal proceedings that may be
instituted against SCVX, Bright Machines, the combined company or
others following the announcement of the proposed business
combination; (3) the inability to complete the proposed business
combination due to the failure to obtain approval of the
shareholders of SCVX or to satisfy other conditions to closing; (4)
changes to the proposed structure of the proposed business
combination that may be required or appropriate as a result of
applicable laws or regulations or as a condition to obtaining
regulatory approval of the proposed business combination; (5) the
ability to meet stock exchange listing standards at or following
the consummation of the proposed business combination; (6) the risk
that the proposed business combination disrupts current plans and
operations of Bright Machines as a result of the announcement and
consummation of the proposed business combination; (7) the ability
to recognize the anticipated benefits of the proposed business
combination, which may be affected by, among other things,
competition, the ability of the combined company to grow and manage
growth profitably, maintain relationships with customers and
suppliers and retain its management and key employees; (8) costs
related to the proposed business combination; (9) changes in
applicable laws or regulations; (10) the possibility that Bright
Machines or the combined company may be adversely affected by other
economic, business and/or competitive factors; and (11) other risks
and uncertainties set forth in the section entitled “Risk Factors”
and “Cautionary Note Regarding Forward-Looking Statements” in
SCVX’s Form 10-K for the year ended December 31, 2020, and which
will be set forth in the registration statement to be filed by SCVX
with the SEC in connection with the proposed business
combination.
Nothing herein should be regarded as a representation by any
person that the forward-looking statements set forth herein will be
achieved or that any of the contemplated results of such
forward-looking statements will be achieved. You should not place
undue reliance on forward-looking statements, which speak only as
of the date they are made. Neither SCVX nor Bright Machines
undertakes any duty to update these forward-looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210810005231/en/
For media inquiries: Justine Crosby pr@brightmachines.com
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