Pivotal Systems appoints Peter McGregor as an Independent Director

23 August 2018, Sydney ‐ Pivotal Systems Corporation (‘Pivotal’ or the ‘Company’) (ASX: PVS), a leading Silicon Valley based, international technology company, is pleased to announce the appointment of Peter McGregor, as an Independent Non‐Executive Director and Chair of the Company’s Remuneration Committee, with such appointments effective 23 August 2018.

Mr. McGregor has extensive corporate governance experience, having served as a Chairman and/or Director (and also as Chairman or member of the Finance/Audit & Risk and Remuneration committees) of a range of ASX‐listed, unlisted and not‐for‐profit companies.

He has deep industry expertise and insights into the Infrastructure, Technology and Financial Services industries as well as a unique portfolio of executive experience gained as a Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, Divisional Managing Director, Fund Manager, Investment Banker and Commercial Banker. Further details of Mr. McGregor’s background and expertise can be found in his bio on the Company’s website at https://pivotalsys.com/#team.

John Hoffman, Chairman and CEO, Pivotal Systems Corporation said, “We are extremely fortunate to have Peter McGregor join our Board of Directors. Peter has a long history of providing oversight and strong governance to ASX listed companies. His prior experience as both a Chief Operating Officer and Chief Financial Officer for ASX publicly listed companies will be very valuable to our team. We are also pleased that Peter will be located in Melbourne/Australia which will further enhance shareholders’ access to the Company’s Board.”

Peter McGregor said, “I am delighted to have the opportunity to work with John, his fellow Directors and the management team at Pivotal Systems. Pivotal has built an enviable reputation over many years as world‐class provider of hardware and software solutions to the global semiconductor industry. The company’s successful recent IPO is a testament to the quality of the Pivotal team and its pipeline of long‐term growth opportunities. I look forward to being part of Pivotal’s journey.”

Pivotal Systems Corporation Introduces New Flow Ratio Control Product

Pivotal Systems Corporation (ASX: PVS), provider of the best-in-class gas flow monitoring and control technology platform for the global semiconductor industry, today entered a new market with the introduction of its new Flow Ratio Control (FRC) Product. Pivotal’s exciting new product will be launched with live product demonstrations at the Semicon West in San Francisco.

Pivotal’s newly introduced FRC featured 3 channel control with average channel flow being two (2) liters per minute. The FRC can be configured for either DNET or EtherCat and is compatible with all current and advanced generation original equipment maker (OEM) tool sets.

Pivotal’s Chief Technology Officer, Dr. Joseph Monkowski said, “We have seen a fantastic level of customer support, for this new product which reflects our plans to continue to expand our capabilities and provide increasingly valuable technology to our global industry. By utilizing cutting-edge proprietary hardware and our most advanced software, we provide real value when it comes to overcoming many of the flow ratio control challenges advanced semiconductor manufacturers face.”

Pivotal Systems Corporation Debuts on Australian Securities Exchange (ASX)

 

FREMONT, Calif., July 2, 2018 /PRNewswire/ — Pivotal Systems Corporation (Pivotal), provider of the best-in-class gas flow monitoring and control technology platform for the global semiconductor industry, today made its debut as a public company, listing on the Australian Securities Exchange (ASX), following a heavily oversubscribed $53.5M (AUS) / $40.2M (US) initial public offering (IPO). Moelis Australia and Shaw and Partners were joint lead managers of the listing.

Over 40 institutions participated in the IPO, including a strategic customer. The IPO demonstrates a continued strong appetite to invest in innovative, production proven, technology solutions. The capital raised by the IPO will be used to expand operations in Korea, Japan, Taiwan, China and the United States.

Pivotal’s gas flow monitoring and control solutions are unrivalled in their speed, precision, and sensing abilities. Many of the world’s most advanced semiconductor production facilities rely on Pivotal’s gas flow control solutions every day. The company has its own production capabilities in the US and contracted facilities China and Korea, and sales offices throughout the Asia Pacific region, Japan, and Europe.

Pivotal Systems Corporation will be trading under the code “PVS” and has an indicative market capitalization of $233.2M (AUS) / $174.9 (US).

Pivotal Systems CEO John Hoffman said, “We have seen a fantastic level of investor support, which reflects our plans to expand our capabilities and provide increasingly valuable technology to our global customers. By utilizing cutting-edge proprietary hardware and the most advanced software in our industry, we provide real value when it comes to overcoming many of the flow control challenges advanced semiconductor manufacturers face.”

Pivotal plans to accelerate expansion into local operations in Asia, particularly at the newest semiconductor facilities under development in Asia-Pacific, as well as expand operations in the United States. The company also intends to enter into other large industrial markets where its intelligent sensing and control technologies offer advantages. The company’s machine learning platform enables a new generation of intelligent industrial controls that can drive productivity in many applications.

About Pivotal Systems
Pivotal Systems provides the best-in-class gas flow monitoring and control technology platform for the global semiconductor industry. The company’s proprietary hardware and software utilizes advanced machine learning to enable preventative diagnostic capability resulting in an order of magnitude increase in fab productivity and capital efficiency for existing and future technology nodes.

Disclosure
This press release does not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of any securities referred to herein in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful. Any securities referred to herein have not been registered under the US Securities Act of 1933, as amended (the “US Securities Act”) and may not be offered or sold in the United States or to US persons absent registration or an applicable exemption from registration under the US Securities Act and applicable state securities laws. In addition, any hedging transactions involving the securities referred to herein may not be conducted unless in compliance with the US Securities Act.

CONTACT

Rob Haralson for Pivotal Systems
+1 (202) 251-3322, rhh@anzupartners.com

https://www.prnewswire.com/news-releases/pivotal-systems-corporation-debuts-on-australian-securities-exchange-300675202.html

 

Pivotal Systems Selected as a 2016 Red Herring Top 100 Global

Red Herring announced its Top 100 Global in recognition of the leading private companies from North America, Europe, and Asia, celebrating these startups’ innovations and technologies across their respective industries.

Red Herring’s Top 100 Global list has become a mark of distinction for identifying promising companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.

“Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across the globe to the Top 100 Winners. We believe Pivotal Systems embodies the vision, drive and innovation that define a successful entrepreneurial venture. Pivotal Systems should be proud of its accomplishment.”

“Pivotal Systems is much honored to win this prestigious award again. The introduction of the high flow controller (HFC) and ultra low flow GFC5 in 2016 demonstrates our continued mission of introducing innovative products for the semiconductor manufacturing industry” remarked Nori Kobayakawa, Pivotal System VP Global Marketing.

Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track records and standing of startups relative to their peers, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models from around the world.

Pivotal Systems Selected as a 2015 Red Herring Top 100 Global

Pivotal Systems Selected as a 2015 Red Herring Top 100 Global. Red Herring announced its Top 100 Global in recognition of the leading private companies from North America, Europe, and Asia today, celebrating these startups’ innovations and technologies across their respective industries. Red Herring’s Top 100 Global list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work. “Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across the globe to the Top 100 Winners. We believe Pivotal Systems embodies the vision, drive and innovation that define a successful entrepreneurial venture. Pivotal Systems should be proud of its accomplishment.” Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track records and standing of startups relative to their peers, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models from around the world.

Inc. Magazine ranked Pivotal Systems No. 301 on it’s 34th annual Inc. 500

Inc. magazine today ranked Pivotal Systems No. 301 on its 34th annual Inc. 500; an exclusive ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. Companies such as Yelp, Pandora, Timberland, Dell, Domino’s Pizza, LinkedIn, Zillow, and many other well-known names gained early exposure as members of the Inc. 5000.“Our goal is to be the leading global supplier of flow monitoring and control systems through meaningful innovation and enhanced customer productivity. The unrelenting commitment to our customers by our employees is what is driving Pivotal Systems’ success. We have been very fortunate that our customers are global industry leaders that welcome real innovation,” says CEO, John P. Hoffman.The 2015 Inc. 5000, unveiled online at Inc.com and with the top 500 companies featured in the September issue of Inc. (available on newsstands August 18 to September 22) is the most competitive crop in the list’s history. The average company on the list achieved a mind-boggling three-year growth of 490%. The Inc. 5000’s aggregate revenue is $205 billion, generating 647,000 jobs over the past three years. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. “The story of this year’s Inc. 5000 is the story of great leadership. In an incredibly competitive business landscape, it takes something extraordinary to take your company to the top,” says Inc. President and Editor-In-Chief Eric Schurenberg. “You have to remember that the average company on the Inc. 5000 grew nearly six-fold since 2012. Business owners don’t achieve that kind of success by accident.” The annual Inc. 5000 event honoring all the companies on the list will be held from October 21 through 23, 2015 in Orlando. Speakers include some of the greatest entrepreneurs of this and past generations, such as Marcus Lemonis, host of the CNBC show “The Profit,” Robert Herjavec, one of the main “sharks” on ABC-TV’s “Shark Tank,” KIND Founder and CEO Daniel Lubetzky, and Co-Founder of Goodshop.com JJ Ramberg.

Red Herring announced its Top 100 North America award winners

Red Herring today announced its Top 100 North America award winners in recognition of the leading private companies from the region, celebrating these startups’ innovations and technologies across their respective industries… “In 2015, selecting the top achievers was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “In fact, we had the toughest time in years because so many entrepreneurs had crossed significant milestones so early. But after much thought, rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the North America winners. We believe Pivotal Systems embodies the vision, drive and innovation that define a successful entrepreneurial venture. Pivotal Systems executive team and all its employees should be very proud of its accomplishment, as the competition was very strong.” Pivotal Systems CEO, John Hoffman added, “Pivotal Systems is extremely pleased to be selected by Red Herring as a top company for 2015. We take great pride in truly making a real difference in bringing advanced technology to the global market. To be selected by Red Herring tells us that we are on the right track”. Red Herring’s editorial staff evaluated companies on both quantitative and qualitative criteria, such as financial performance, technological innovation and intellectual property, DNA of the founders, business model, customer footprint and addressable market. A review of the track record and standing of startups relative to their sector peers, allowed Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models in North America, complement this assessment of potential.