BOSTON, Feb. 16, 2022 /PRNewswire/ -- The Tomorrow
Companies Inc. ("Tomorrow.io"), developer of a leading platform for
global weather and climate security, today announced the addition
of Rear Admiral Timothy Gallaudet,
Ph.D., U.S. Navy (ret) and Dr. J. Marshall
Shepherd to the company's advisory board.
Rear Adm. Gallaudet was the Assistant Secretary of Commerce for
Oceans and Atmosphere and Acting Administrator of the National
Oceanic and Atmospheric Administration (NOAA). He was Oceanographer
of the Navy and Commander of the Navy Meteorology and Oceanography
Command. Dr. Shepherd was President of the American Meteorological
Society. He is Director of the University Georgia's Atmospheric
Sciences Program, Host of The Weather Channel's Weather
Geeks talk show, and a Contributor to Forbes Magazine.
In December, Tomorrow.io announced plans to list on Nasdaq
through a merger with Pine Technology Acquisition Corp. ("Pine
Technology") (Nasdaq: PTOC, PTOCW, PTOCU). Upon closing of the
transaction, Tomorrow.io's common stock and warrants are expected
to trade on Nasdaq under the new ticker symbols "TMW" and
"TMWW".
Rear Adm. Gallaudet and Dr. Shepherd bring intimate knowledge
and deep experience in weather, climate, oceans, government and the
military to help shape Tomorrow.io's technology development and
market offerings, including its software platform that automates
and scales weather-related decision-making, and its
first-of-its-kind weather satellite constellation with initial
launches planned to start in late 2022.
"Admiral Gallaudet and Dr. Shepherd are two of the most
accomplished leaders of the entire global weather community," said
Shimon Elkabetz, Co-founder and CEO
of Tomorrow.io. "Their unmatched combination of expertise will
guide us in revolutionizing weather intelligence and climate
resilience for governments, militaries, businesses, communities and
vulnerable populations."
As NOAA Acting Administrator from 2017 to 2019, Rear Adm.
Gallaudet oversaw a $6 billion annual
budget and led the agency's management of U.S. weather satellites,
weather services, fisheries, coastal resources and waterways, and
environmental research. As NOAA Deputy Administrator from 2017 to
2021, he led NOAA's Blue Economy activities to advance marine
transportation, ocean exploration and mapping, and coastal
resilience. He also oversaw NOAA's Arctic research and operations
and led the development and execution of NOAA's Artificial
Intelligence, Uncrewed Systems, 'Omics, Cloud, Data, and Citizen
Science strategies.
Gallaudet served for 32 years in the U.S. Navy as a Meteorology
and Oceanography Officer. His experience includes providing
critical weather and ocean information for aircraft carrier combat
operations, counterterrorism activities with Navy SEAL Teams,
anti-submarine warfare support, and deep-sea research and
development. He completed his Navy career as the Oceanographer of
the Navy and Commander for the Navy Meteorology and Oceanography
Command.
"Our weather has changed and is making a huge impact on almost
every aspect of daily operations from corporations to cities to the
military," said Rear Adm. Gallaudet. "Tomorrow.io's highly
differentiated weather intelligence technology and upcoming
satellite constellation are a game changer for businesses,
municipalities, and military operations facing a new era in weather
and climate extremes. I wish we had had access to such capabilities
when I was with the Navy."
Dr. Shepherd has directed the University of
Georgia's Atmospheric Sciences Program since 2006.
Previously, he spent 12 years as a Research Meteorologist at NASA's
Goddard Space Flight Center and was Deputy Project Scientist for
NASA's Global Precipitation Measurement satellite mission. He has
published nearly 100 peer-reviewed academic articles.
Dr. Shepherd has been elected to the National Academy of
Sciences, National Academy of Engineering, as well as the American
Academy of Arts and Sciences. In 2004, he received the Presidential
Early Career Award from President George W.
Bush for pioneering research in weather and climate
science. He was the first African American to receive a Ph.D.
from the Florida State University
Department of Meteorology, and the second African American to
preside over the American Meteorological Society.
"It's time to acknowledge that record-breaking weather
conditions are becoming routine, and we must build up our
resilience and ability to mitigate their impacts. This is
especially true for vulnerable and marginalized communities who
disproportionately experience the impacts of extreme weather and
climate," said Dr. Shepherd. "Tomorrow.io is well positioned to
accelerate the advances in forecasts, warnings and decision support
that will underpin a new era in weather, water and climate
services."
About Tomorrow.io
Tomorrow.io is The World's Weather and Climate Security Platform,
helping countries, businesses, and individuals manage their weather
and climate security challenges. The platform is fully customizable
to any industry impacted by the weather. Customers around the
world, including Uber, Delta, Ford, National Grid, and more use
Tomorrow.io to dramatically improve operational efficiency.
Tomorrow.io was built from the ground up to help teams prepare for
the business impact of weather by automating decision-making and
enabling climate adaptation at scale. To learn more, please go to:
www.tomorrow.io
About Pine Technology Acquisition Corp.
Pine Technology Acquisition Corp. is a special purpose
acquisition company (SPAC) led by CEO and Director Christopher Longo, the Founder and CEO of
tech-focused commercial insurance managing general agent and
brokerage, Novum Underwriting Partners, and the former CIO and COO
of AmTrust Financial Services, Inc. (AmTrust) and non-Executive
Chairman Adam Karkowsky, who
currently serves as the President of AmTrust. Pine Technology
Acquisition Corp. was founded in December
2020 and its Units, Class A common stock and warrants are
listed on the Nasdaq under the symbols PTOCU, PTOC, and PTOCW,
respectively. To learn more, please go to:
www.pinetechnology.com
Forward-Looking Statements
This press release
includes, and oral statement made from time to time by
representatives of Pine Technology and Tomorrow.io may contain,
statements that are not historical facts but are forward-looking
statements for purposes of the safe harbor provisions under
applicable securities laws, including the United States Private
Securities Litigation Reform Act of 1995. Forward-looking
statements generally are accompanied by words such as "believe,"
"may," "could," "will," "estimate," "continue," "anticipate,"
"intend," "target," "goal," "expect," "should," "would," "plan,"
"predict," "project," "forecast," "potential," "seem," "seek,"
"future," "outlook," and similar expressions that predict or
indicate future events or trends or that are not statements of
historical matters. These forward-looking statements include, but
are not limited to, statements regarding Tomorrow.io's ability to
launch a satellite, the benefits of its technology, and the closing
of the business combination. Forward-looking statements are
predictions, projections and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties. You should
carefully consider the risks and uncertainties described in the
registration statement on Form S-4, including Pine Technology's
prospectus and proxy statement (the "Proxy Statement/Prospectus"),
filed by Pine Technology with the Securities and Exchange
Commission (the "SEC") under the heading "Risk Factors" and other
documents of Pine Technology filed, or to be filed, with the SEC.
There may be additional risks that Pine Technology and Tomorrow.io
presently do not know or that they currently believe are immaterial
that could also cause actual results to differ from those contained
in the forward-looking statements. In addition, forward-looking
statements reflect Pine Technology's and Tomorrow.io's
expectations, plans or forecasts of future events and views as of
the date of this press release. Pine Technology and
Tomorrow.io anticipate that subsequent events and developments will
cause their assessments to change. However, while Pine Technology
and Tomorrow.io may elect to update these forward-looking
statements at some point in the future, Pine Technology and
Tomorrow.io specifically disclaim any obligation to do so. These
forward-looking statements should not be relied upon as
representing Pine Technology's and Tomorrow.io's assessments as of
any date subsequent to the date of this press release. Accordingly,
undue reliance should not be placed upon the forward-looking
statements.
Additional Information and Where to Find It
This press
release is not a proxy statement or solicitation of a proxy,
consent or authorization with respect to any securities or in
respect of the transaction and does not constitute an offer to
sell, buy or exchange or the solicitation of an offer to sell, buy
or exchange any securities or the solicitation of any vote or
approval in any jurisdiction, nor shall there be any sale,
purchase, or exchange of securities or solicitation of any vote or
approval in any jurisdiction in contravention of applicable
law.
In connection with the proposed transaction between Pine
Technology and Tomorrow.io, Pine Technology has filed the
preliminary Proxy Statement/Prospectus. Pine Technology plans to
mail the definitive Proxy Statement/Prospectus to its stockholders
in connection with the transaction once available. INVESTORS AND
SECURITYHOLDERS OF PINE TECHNOLOGY ARE URGED TO READ THE PROXY
STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS FILED OR TO BE
FILED WITH THE SEC CAREFULLY WHEN THEY BECOME AVAILABLE BECAUSE
THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT PINE TECHNOLOGY,
TOMORROW.IO, THE TRANSACTION AND RELATED MATTERS. Investors and
security holders will be able to obtain free copies of the Proxy
Statement/Prospectus (when available) and other documents filed
with the SEC by Pine Technology through the website maintained by
the SEC at www.sec.gov. In addition, investors and security holders
will be able to obtain free copies of the documents filed with the
SEC by contacting Pine Technology or Tomorrow.io using the contact
information below.
Participants in the Solicitation
Pine Technology,
Tomorrow.io and certain of their respective directors, executive
officers and employees may be considered to be participants in the
solicitation of proxies in connection with the transaction.
Information regarding the persons who may, under the rules of the
SEC, be deemed participants in the solicitation of the stockholders
of Pine Technology in connection with the transaction, including a
description of their respective direct or indirect interests, by
security holdings or otherwise, will be included in the Proxy
Statement/Prospectus described above when it is filed with the SEC.
Additional information regarding Pine Technology's directors and
executive officers can also be found in the Pine Technology Final
Prospectus. These documents are available free of charge as
described above.
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Tomorrow.io
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ICR Inc
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SOURCE Tomorrow.io
