Reticulate Micro Completes Acquisition of Remaining RMX Industries Shares

Reticulate Micro, Inc., a software products company specializing in advanced video compression technology, announced that it has acquired the remaining shares of RMX Industries Inc., the Company’s 50/50 joint venture company with K2 Endeavor DMCC, through a stock exchange transaction, making it a wholly-owned subsidiary. The move consolidates operations and aligns resources to accelerate commercial business opportunities across key sectors.

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As part of this strategic consolidation, RMX is also pleased to announce important changes to its governance and management teams:

• M. Steven Kirchof has been appointed as an independent member of the Company’s board of directors. Mr. Kirchof has over 20 years of experience building entrepreneurial companies and driving innovation in healthcare technology. Mr. Kirchof is the CEO of CureGrail, Inc., a healthcare technology company engaging and empowering patients to own and manage their disease, and founder and CEO of RxPath, LLC (originally OneOncology), a healthcare transaction company. Mr. Kirchof previously co-founded Matrix Oncology (acquired by Express Scripts) and served in executive, sales management, marketing, and strategy leadership positions at iKnowMed, Inc., MedStat Group, and IBM Healthcare. A Harvard-trained executive and summa cum laude graduate from Western Carolina University, Mr. Kirchof remains active in conservation, faith-based leadership, and community development initiatives across Florida and Texas.
• Karl Kit has been appointed as the Company’s Chief Executive Officer, President and as a member of the board of directors. Mr. Kit is a seasoned entrepreneur with over 40 years of international business experience across advertising, communications, mobile data services, and financial technology. Mr. Kit previously headed K2 Endeavor DMCC, a UAE-based strategic investment group. Throughout his career, Mr. Kit has lived and worked across the globe, including in South Africa, Europe, and the United States collaborating with industry leading companies to implement global strategies. His broad international leadership experience will be instrumental as RMX continues its global expansion.

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• Andrew Sheppard has been appointed as the Company’s President of RMX Government. Mr. Sheppard will lead RMX’s efforts in the defense and government sectors, focusing on deploying its cutting-edge video and data compression technologies to meet the mission-critical needs of military and public safety customers. Mr. Sheppard previously served as the Company’s Chief Executive Officer and President.
• Maxwell Kit has been appointed as the Company’s Chief Marketing Officer. Mr. Kit has extensive experience in global brand strategy, digital engagement, and go-to-market execution. As CMO, he will lead RMX’s marketing and communications efforts, refine the Company’s brand identity, and expand its market visibility. Mr. Kit will oversee the launch of integrated campaigns that highlight the transformative power of RMX’s proprietary compression technology across defense, AI, telecommunications, and enterprise sectors. His leadership will be critical as RMX scales operations and forges new strategic partnerships worldwide.

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Source – PR Newswire

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