In addition to business and federal agency clients, more than 30,000 developers also use Tomorrow.ios
proprietary API to embed its weather data into their applications.
We continue to see unprecedented weather events becoming the new normal
including the Suez Canal, city flooding, wildfires and snow just to name a few, said Elkabetz. All of these events have a major impact on the global supply chain, energy, and transportation, to name a few sectors, not to mention the
general well-being and safety of the worlds citizens, he added. We want people to know that it doesnt have to be this way. Our proprietary technology is helping the worlds leading organizations better prepare and
mitigate the impact of weather on a daily basis.
Tomorrow.io also made a number of significant technological and platform advancements in 2021,
starting with the announcement of plans to launch satellites built in-house that are equipped with active radar to revolutionize forecasting speed and accuracy. The first launch is planned for late 2022. The
companys global product advancements in 2021 included a next-generation flood risk index and hyperlocal dynamic wind layer as well as predictive and active fire management tools. In 2021, the company also expanded its total global headcount by
more than 80% across offices including Boston, Boulder, and Tel-Aviv to just under 200 staff members.
Thanks to
its expanding business and public profiles among policy makers in 2021, Tomorrow.io executives were invited to testify before the U.S. Congress on the impact of extreme heat and climate security and met with the Israeli Prime Minister,
Naftali Bennett, to discuss the countrys weather and space plans.
About Tomorrow.io:
Tomorrow.io is The Worlds 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. Headquartered in Boston, MA, Tomorrow.io employs nearly 200 people globally. 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) formed for the purpose of targeting one or more businesses for its initial
business combination. Pine Technology is 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 preliminary revenue for 2021, projections, estimates and forecasts of revenue and other financial and performance metrics, the ability to complete the business
combination, the ability to recognize the anticipated benefits of the business combination, Tomorrow.ios ability to effectively compete in its industry, Tomorrow.ios ability to scale and grow its business, including the timing of the
planned satellite launches in late 2022, the cash position of the combined company following closing and the timing of 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