EQS-News

Advanced Blockchain AG: Former Cisco Germany CEO Michael Ganser joins peaq Foundation as an Executive ahead of mainnet launch

EQS-News: Advanced Blockchain AG / Key word(s): Cryptocurrency / Blockchain/Personnel Advanced Blockchain AG: Former Cisco Germany CEO Michael Ganser joins peaq Foundation as an Executive ahead of mainnet launch 05.03.2024 / 08:35 CET/CEST The issuer is solely responsible for the content of this announcement. Advanced Blockchain AG: Former Cisco Germany CEO Michael Ganser joins peaq Foundation as an Executive ahead of mainnet launch

05 March 2024 – Michael Ganser, former CEO of Cisco Germany, has been appointed as an executive of peaq Foundation. peaq is a spin-off and investment of Advanced Blockchain AG (“AB”, Scale Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6), a leading incubator, architect and investor for the blockchain industry. 

Simon Telian, CEO of AB, comments: "We are absolutely thrilled that Michael Ganser has decided to join peaq’s team in an executive role – he brings in long-standing experience in management, sales and commercialization of new ideas. Michael joins at the beginning of a critical growth period for peaq and is a significant value driver for the company."

Michael Ganser's involvement is perfectly timed with peaq's mainnet going live soon, the positive market developments and peaq’s team attendance at ETHDenver which together will expand the ecosystem and showcasing the technology’s outstanding potential. Previously, Michael Ganser served on the Supervisory Board of Advanced Blockchain AG.

Michael Ganser comments: “peaq’s vision is enough to position it as one of the most important projects of the 21st century. The combination of Web3, IoT and AI will be a major innovation and growth driver across the world. The benefits of real world asset tokenization and generating new income sources for Enterprises and Consumers will bring Web3 at the forefront of many business innovations. I had the opportunity to get to know the world class team behind peaq for many years and it is my great pleasure to join the Foundation in an executive capacity and support innovative Enterprises in the transition from Web2 into the Web3 future.”