Richard Perry Joins Satelles Board of Directors

    REDWOOD CITY, CA, October 02, 2014 /24-7PressRelease/ -- Perry brings to Satelles a wealth of experience in leading high growth and RMR strategies. As past CEO of Security Networks, Rich skillfully expanded the business he founded which became the 12th largest security firm in the US, and was acquired by Monotronics for $507 million in 2013. Prior to founding Security Networks, he was a principal at SLP Capital, a leading finance company serving the security industry.

"It's an honor to join the Satelles Board of Directors," said Perry. "Satelles is leading the industry revolutionizing cybersecurity with its innovative new authentication factor. Along with my fellow board members and the executive team, I look forward to contributing to the growth and shareholder value of Satelles."

Gregory Gutt, CEO of iKare Corporation, stated, "We are thrilled to have Rich join the Satelles team. His business experience will be instrumental in helping Satelles reach the next level. Rich is a seasoned and savvy business veteran with a history of past successes. He adds tremendous value to the team."

About Satelles

Satelles provides unique time and location solutions delivered over the Iridium constellation of 66 low-earth-orbiting satellites. These time and location signals are available anywhere on Earth, without the need for local infrastructure, making the system perfect for augmenting GPS and other location-based technologies. Unlike standard GPS, these high power signals can reach into varied building structures. Most importantly, Satelles has customized the Iridium signal-in-space to provide a location-specific signature that can reliably prove (or authenticate) the location of a mobile device or other equipment, while being virtually impervious to spoofing and other attacks.

For more information about Satelles, please visit www.satellesinc.com, email us at [email protected], or contact us at 703-723-4599.

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