KoolSpan Bolsters Management Team with Appointment of Nigel Jones as Chief Financial Officer

BETHESDA, Md.— January 15, 2014— KoolSpan Inc, developer of patented, hardware-based mobile security applications, announced today that Nigel Jones has joined the company as Chief Financial Officer, effective immediately. Responsible for all financial aspects of KoolSpan’s business, Jones is a telecom industry veteran with more than 15 years of experience in strategic financial management, fundraising, investor relations and mergers and acquisitions.

“Nigel is joining KoolSpan at a pivotal time in our company`s development during tremendous growth – domestically and internationally,” said Gregg Smith, CEO of KoolSpan. “The addition of Nigel to KoolSpan’s executive team positions us to grow faster and to serve our clients even better.”

Jones served as a partner at private equity investment firm TWJ Capital and principal at the Carlyle Group, where he was a member of the U.S. Buyout team focused on the aerospace, defense, and federal technical services sectors. Prior to joining Carlyle, he was an Associate in the Technology Investment Banking group at Goldman Sachs & Co.

Nigel holds a Masters of Business Administration degree from the Stanford University Graduate School of Business and a Bachelor of Arts degree (magna cum laude) from Harvard University.

Nigel was a commissioned officer in the United States Marine Corps from 1991 to 1995. In his last assignment, he was the senior communications officer and communications platoon commander for the 1st Force Reconnaissance Company of the 1st Marine Expeditionary Force.

“I’m excited to join this world-class organization’s executive team and to ensure that KoolSpan’s operations and financial position are well aligned with the company’s future growth and success,” said Jones.

The hardware anchor for KoolSpan’s entire suite of applications is its TrustChip®, a FIPS 140-2 validated technology already powering security offerings from S-1, the security division of Samsung, and AT&T’s voice encryption platform. A self-contained, secure, military-grade, microSD encryption engine, TrustChip provides the highest level of security and encryption, enabling businesses, enterprises, financial professionals, governments and individuals to protect against increasing threats to mobile voice communications and data assets.

To learn more about how to protect encryption keys and algorithms from attacks against software applications and smartphone operating systems, please visit www.koolspan.com.

Francis Knott

Francis Knott has over 17 years of mobility, technology, interactive media, software and healthcare experience. Mr Knott is an expert at building companies, growing revenue and launching and marketing new products. In the past, he has worked in software and product development, mobile social media, and mobile applications development.