VANCOUVER, BC, Sept. 22, 2021 /CNW/ - Minerva Intelligence
Inc. (TSXV: MVAI) ("Minerva" or the "Company"), an artificial
intelligence software company focused on building decision support
tools for climate risk, mineral exploration and mining, is pleased
to announce that Gleb Chuvpilo will be joining the Company's Board
of Directors. In addition, Dr. Alan
Mackworth has stepped down from the Board of Directors
effective September 17, 2021.
Mr. Chuvpilo is a serial entrepreneur and early-stage venture
capital investor with a master's degree from the MIT Computer
Science and Artificial Intelligence Lab and an MBA in Finance and
Strategic Management from The Wharton School at the University of Pennsylvania. His prior experiences
include Goldman Sachs and Palantir Technologies. Mr. Chuvpilo is
currently the founder and Managing Partner at Thundermark Capital,
an early-stage deep tech Venture Capital fund backed by
Peter Thiel.
Mr. Chuvpilo was thrilled to be welcomed to Minerva's board.
"It's an honour to be asked to serve on Minerva's Board of
Directors," said Mr. Chuvpilo. "I believe that Minerva's cognitive
AI technology represents virtually limitless potential, and I'm
excited for the chance to help the Company explore new
opportunities in many new verticals. I am particularly excited to
focus on the existential issue of climate change, and work with the
Minerva team to develop tools that help map and manage climate
risk."
"While we regret having to say goodbye to Dr. Mackworth, we are
glad he has agreed to continue to serve in an advisory capacity and
we are extremely excited to have Gleb join the Minerva team, as his
breadth of experience in scaling early-stage technology companies
will prove extremely valuable to us as we continue to expand on our
Climate Risk initiatives," said Scott
Tillman, CEO of Minerva Intelligence. "The team we are
establishing to lead our organization is critical to our success,
and we believe today's announcement is a huge step forward in that
strategy."
Mr. Tillman continued, "On behalf of Minerva, we are very
appreciative of Dr. Mackworth's contribution to the Company as
Chairman over the past three years, during which time he helped
shape the Company's direction, guiding Minerva in the AI market,
particularly in the fields of natural hazards and mining and
mineral exploration. His wisdom will be missed."
Alan Mackworth said, "I would
like to thank Minerva's employees and management team for the
tremendous efforts and achievements that have brought us to this
point. I have great faith in Minerva and its innovative technology,
and more so in the incredible talent, professionalism, and
dedication of the talented team Minerva has assembled, which I
trust will continue to propel the Company. I would also like to use
this opportunity to thank CEO Scott
Tillman, the co-founders, Clinton
Smyth and David Poole, and
the other board members, for their trust and support over the last
three years, and to wish Minerva continued success."
The role of Chairman will be filled by current board member
Jason Petralia, effective
immediately.
About Minerva Intelligence Inc.
Minerva Intelligence Inc. is a software development company
based in Vancouver, Canada, with a
subsidiary office in Darmstadt, Germany. Our proprietary technology is
empowering organizations to make defensible decisions in the face
of climate change.
Although Minerva's applications focus on the search for critical
metals and the assessment of physical climate risk, their
technology has application in diverse industries and domains.
Minerva's common shares are currently listed on the TSX Venture
Exchange (symbol MVAI). For further details, please refer to
their website www.minervaintelligence.com or follow Minerva
on Twitter or LinkedIn.
Cautionary Note Regarding Forward-Looking
Statements
Forward Looking Information: This news release includes
certain information that may be deemed "forward-looking
information". Forward-looking information can generally be
identified by the use of forward-looking terminology such as "may",
"will", "expect", "intend", "estimate", "anticipate", "believe",
"continue", "plans" or similar terminology. All information in this
release, other than information of historical facts, including,
without limitation, the availability of financing to the Company
are forward-looking information that involve various risks and
uncertainties. Although the Company believes that the expectations
expressed in such forward-looking information are based on
reasonable assumptions, such expectations are not
guarantees of future performance and actual results or
developments may differ materially from those in the
forward-looking information. Forward-looking information is based
on a number of material factors and assumptions. Factors that could
cause actual results to differ materially from the forward-looking
information include changes in project parameters as plans continue
to be refined, future metal prices, availability of capital and
financing on acceptable terms, general economic, market or business
conditions, regulatory changes, delays in receiving approvals, and
other risks detailed herein and from time to time in the filings
made by the Company with securities regulatory authorities
in Canada. Mineral exploration and development of mines is an
inherently risky business. Accordingly, actual events may differ
materially from those projected in the forward-looking information.
For more information on the Company and the risks and challenges of
our business, investors should review our continuous disclosure
filings which are available at www.sedar.com. Readers
are cautioned not to place undue reliance on forward-looking
information. The Company does not undertake to update any
forward-looking information, except in accordance with applicable
securities laws.
The TSX Venture Exchange has neither approved nor disapproved
of the contents of this press release. Neither the TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this press
release.
SOURCE Minerva Intelligence Inc.