Solace Power Appoints Michael Gotlieb New CEO

Industry Veteran Selected to Accelerate Growth

DENVER, CO, Oct. 5, 2017 /PRNewswire/ - Solace Power is pleased to announce that it has appointed Michael Gotlieb Chief Executive Officer, effective October 2, 2017. The announcement was made at the Wireless Power Summit in Denver where Solace is showcasing its award-winning RC²™ wireless power technology.

"Michael's experience driving commercial opportunities and executing corporate strategy make him an ideal fit to lead Solace through the next stage of growth," said Gordon Conlin, Chair of Solace's Board of Directors. "Under Michael's leadership, we have a strong team in place that's focused on increasing market opportunities," he added.

Michael Gotlieb joins Solace from wireless power solutions provider, NuCurrent, where he led all customer interactions and guided the strategy and product roadmap. Gotlieb's 25-year global technology career includes experience in embedded electronics, analog/power, software and services across a multitude of end markets. Gotlieb has served in several strategic leadership roles including Motorola and its IPO spin out, Freescale Semiconductor.  At Freescale, Gotlieb was instrumental in creating the turnaround strategy resulting in the sale of the company for $17.6 billion.

"Solace provides compelling technology for a diverse set of customers and applications. I look forward to helping deliver on Solace's full potential and on the differentiated advantages of RC²," said Michael Gotlieb, Solace CEO. "Wireless power is experiencing tremendous expansion in awareness, product exploration and first-generation implementation. Next generation solutions, like Solace's, will ignite a much larger movement to re-architect and reconsider existing power transfer solutions." he added.

Michael Gotlieb joins Solace's executive team comprised of seasoned leaders in the commercialization of disruptive technologies:

• Kris McNeil, Solace founder, will continue as President.
• Neil Chaulk, VP of Business Development, is responsible for driving licensing opportunities and developing new markets.
• Magnus Nyberg, VP of Engineering, brings engineering and product management from previous roles at Ericsson and Saab AB/Swedish Space Corporation.
• Frank Iadipaolo has over 30 years' operational and senior financial experience as Chief Financial Officer.

Solace recently announced a Series A round of funding to fuel the company's growth, including expanding Solace's team and scaling international business development opportunities. The Series A round is coupled with a recent investment by Lockheed Martin of $2.3M USD to accelerate commercialization of RC². Solace also recently signed a licensing agreement with Byrne, a leading power and data solutions company.

About Solace Power

Solace Power is a wireless power research and development company that licenses its patented RC² technology for the UAV, aerospace and defense, business/office systems, medical devices and automotive markets. RC² uses electric fields, which enable a high degree of spatial freedom with flexible and conformal end product design. RC² has won numerous awards, including the Sikorsky Entrepreneurial Challenge and the ACADA Innovation Leader Award. www.solace.ca or twitter.com/solacepower

SOURCE Solace Power