DGAP-News

XIGEM Technologies Appoints Technology Veteran to Board of Directors

DGAP-News: XIGEM Technologies / Key word(s): Personnel/Miscellaneous XIGEM Technologies Appoints Technology Veteran to Board of Directors 26.01.2022 / 09:07 The issuer is solely responsible for the content of this announcement. TORONTO, ON, January 26, 2022 - Xigem Technologies Corporation ("Xigem" or the "Company") (CSE:XIGM; FSE:2C1), a technology provider for the emerging remote economy, today is pleased to announce that Mr. Ezio D'Onofrio, a technology industry veteran, has been appointed to the Company's board of directors.

Mr. D'Onofrio is a recognized executive with proven success in leading growth and championing high performance cultures, especially in emerging technology markets. He is the former president and CEO of Globalive Communications and board director for Wind Mobile. During Mr. D'Onofrio's tenure, Globalive expanded nationally in Canada and was named by Deloitte as one of Canada's 50 Best Managed Companies for six consecutive years. Mr. D'Onofrio has also served as President and COO of the Wish Group, a family office with holdings spanning a variety of industries, and since 2017 he has overseen the business of what is now Cylix Data ("Cylix"), the Company's new business intelligence asset, the purchase of which was recently announced.

In addition to the normal duties of a member of Xigem's board, Mr. D'Onofrio will oversee the completion and commercialization of the next generation AI technology currently being implemented at Cylix. The enhanced functionality will further differentiate the Cylix offering in the market and position it to become one of the leading aggregators and originators of corporate and personal data in the Big Data market.

"I very much look forward to joining the Xigem team and pursuing the immense Big Data market opportunities quickly developing before our eyes," said Ezio D'Onofrio. "The integrated Cylix and Xigem technology will broaden our addressable market and create compelling value for our customers, empowering them to harness vast amounts of data to improve their business decisions and outcomes."

"It is with great pleasure that we welcome Ezio to the Xigem family," said Brian Kalish, CEO and Co-Founder of Xigem. "The addition of this seasoned professional is of considerable benefit stemming from our acquisition of Cylix. Ezio's involvement will add significant value for our business and its stakeholders."