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Reticulate Micro, Inc. Completes Acquisition of Remaining RMX Industries Inc. Shares, Consolidates Operations, and Expands Leadership Team
TeamTeam(US:TISI) Prnewswireยท2025-04-23 12:14

Company Overview - Reticulate Micro, Inc. (RMX) specializes in advanced video compression technology and has recently acquired the remaining shares of RMX Industries Inc., making it a wholly-owned subsidiary, which aims to consolidate operations and enhance commercial opportunities [1][2] - RMX's technology reduces video bandwidth, storage needs, and power consumption by up to 50% without compromising quality, originally developed for military applications, positioning the company to lead in intelligent data compression solutions [2] Management Changes - M. Steven Kirchof has been appointed as an independent board member, bringing over 20 years of experience in healthcare technology [4] - Karl Kit has been appointed as the CEO and President, with over 40 years of international business experience, which will aid RMX's global expansion [4] - Andrew Sheppard has been appointed as President of RMX Government, focusing on defense and government sectors [4] - Maxwell Kit has been appointed as Chief Marketing Officer, responsible for marketing strategies and expanding market visibility [4]