Owlet Appoints Executive Jonathan Harris as New Company President and Chief Revenue Officer
26 7월 2023 - 9:01PM
Business Wire
Owlet, Inc. (“Owlet” or the “Company”) (NYSE: OWLT), a pioneer
of smart baby monitoring, today announces the appointment of
executive Jonathan Harris as its new President and Chief Revenue
Officer. Harris joins Owlet at a pivotal time in its business – one
month after receiving clearance from the U.S. Food and Drug
Administration (“FDA”) of BabySat™, the first medical
pulse-oximetry device featuring Owlet’s advanced, wire-free sock
design.
With a proven track record in leading go-to-market strategies
for some of the world’s top brands including Microsoft, Roku,
GoPro, and Jawbone, Harris brings more than 30 years of experience
to Owlet. Harris scaled GoPro from $19 Million to more than $1.5
Billion in revenue globally and helped lead the company through its
initial public offering (IPO). More recently he was Chief Executive
Officer of Molekule, Inc., where he led the restructuring of its
business and merger with AeroClean Technologies, Inc. to form
Molekule Group, Inc. (NASDAQ: MKUL), a publicly traded company
focused on FDA-cleared air purification systems.
"Owlet has a unique history of putting parents in control of
their baby’s well-being and is now starting an incredible new
chapter with the upcoming launch of their first FDA-cleared
monitoring system,” said Harris. “Our mutual vision is to build on
the company's legacy of being a brand loved and trusted by millions
of parents while evolving what at-home care can actually look like.
I am excited to guide Owlet into its next phase of growth and
expansion of both its consumer and medical product lines.”
Harris will work alongside Owlet Chief Executive Officer and
Co-Founder Kurt Workman and the executive team to accelerate the
company’s go-to-market strategies, scale the amazing Owlet
community, and build out Owlet’s medical device distribution
channels.
"We're thrilled to welcome Jonathan to the Owlet team. His
experience leading and building global brands while remaining
focused on core relationships with consumers and retail partners
will be a key asset to our team. We’ve made incredible progress
this year with our FDA clearance and our path to profitability, and
Jonathan’s background will help us further amplify these efforts,”
said Workman.
About Owlet, Inc.
Owlet was founded by a team of parents in 2012. Owlet’s mission
is to empower parents with the right information at the right time,
to give them more peace of mind and help them find more joy in the
journey of parenting. Owlet’s digital parenting platform aims to
give parents real-time data and insights to help parents feel
calmer and more confident. Owlet believes that every parent
deserves peace of mind and the opportunity to feel their
well-rested best. Owlet also believes that every child deserves to
live a long, happy, and healthy life, and is working to develop
products to help further that belief. To learn more, visit
www.owletcare.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
(the “Reform Act”). All statements contained in this press release
that do not relate to matters of historical fact should be
considered forward-looking statements, including, without
limitation, statements regarding the Company’s growth prospects,
expanded product offerings and the impacts of new leadership. In
some cases, you can identify forward-looking statements by terms
such as “estimate,” “may,” “believes,” “plans,” “expects,”
“anticipates,” “intends,” “goal,” “potential,” “upcoming,”
“outlook,” “guidance,” the negation thereof, or similar
expressions, although not all forward-looking statements contain
these identifying words. Forward-looking statements are based on
the Company’s expectations at the time such statements are made,
speak only as of the dates they are made and are susceptible to a
number of risks, uncertainties and other factors. For all such
forward-looking statements, the Company claims the protection of
the safe harbor for forward-looking statements contained in the
Reform Act. The Company’s actual results, performance or
achievements may differ materially from any future results,
performance or achievements expressed or implied by our
forward-looking statements. Many important factors could affect the
Company’s future results and cause those results to differ
materially from those expressed in or implied by the Company’s
forward-looking statements. Such factors include, but are not
limited to, (i) the regulatory pathway for Owlet’s products,
including submissions to, actions taken by and decisions and
responses from regulators, such as the FDA and similar regulators
outside of the United States, as well as Owlet’s ability to obtain
and maintain regulatory approval or certification for our products
and other regulatory requirements and legal proceedings; (ii)
Owlet’s competition and the Company’s ability to profitably grow
and manage growth; (iii) the Company’s ability to enhance future
operating and financial results or obtain additional financing to
continue as a going concern; (iv) Owlet’s ability to obtain
additional financing in the future, as well risks associated with
the Company’s current loan and debt agreements, including
compliance with debt covenants, restrictions on the Company’s
access to capital, the impact of the Company’s overall debt levels
and the Company’s ability to generate sufficient future cash flows
to meet Owlet’s debt service obligations and operate Owlet’s
business; (v) the ability of Owlet to implement strategic
initiatives, reduce costs, grow revenues, develop and launch new
products, innovate and enhance existing products, meet customer
demands and adapt to changes in consumer preferences and retail
trends; (vi) Owlet’s ability to acquire, defend and protect its
intellectual property and satisfy regulatory requirements,
including but not limited to requirements concerning privacy and
data protection, breaches and loss, as well as other risks
associated with Owlet’s digital platforms and technologies; (vii)
Owlet’s ability to maintain relationships with customers,
manufacturers and suppliers and retain Owlet’s management and key
employees; (viii) Owlet’s ability to upgrade and maintain its
information technology systems; (ix) changes in applicable laws or
regulations; (x) the impact of and disruption to Owlet’s business,
financial condition, operations, supply chain and logistics due to
economic and other conditions beyond the Company’s control, such as
health epidemics or pandemics, macro-economic uncertainties, social
unrest, hostilities, natural disasters or other catastrophic
events; (xi) the possibility that Owlet may be adversely affected
by other economic, business, regulatory, competitive or other
factors, such as changes in discretionary consumer spending and
consumer preferences; and (xii) other risks and uncertainties set
forth in the Company’s other releases, public statements and
filings with the U.S. Securities and Exchange Commission (“SEC”),
including those identified in the “Risk Factors” section of the
Company’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2022, as updated in the Company’s Quarterly Report on
Form 10-Q for the quarterly period ended March 31, 2023 and as any
such factors may be updated from time to time in the Company’s
other filings with the SEC. All such forward-looking statements
attributable to the Company or any person acting on the Company’s
behalf are expressly qualified in their entirety by the cautionary
statements contained or referred to above. Moreover, the Company
operates in an evolving environment. New risk factors and
uncertainties may emerge from time to time, and factors that the
Company currently deems immaterial may become material, and it is
impossible for the Company to predict such events or how they may
affect Owlet. Except as required by law, the Company assumes no
obligation to update any forward-looking statements after the date
of this press release, whether because of new information, future
events or otherwise, although Owlet may do so from time to time.
The Company does not endorse any projections regarding future
performance that may be made by third parties.
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version on businesswire.com: https://www.businesswire.com/news/home/20230726506606/en/
Mike Cavanaugh Westwicke/ICR Phone: +1.617.877.9641
mike.cavanaugh@westwicke.com
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