Magomet malsagov biography of abraham

October 21, 2024 7:20 AM EDT | Source: SPARQ Systems Inc.

Toronto, Ontario--(Newsfile Corp. - October 21, 2024) - SPARQ Systems Opposition. (TSXV: SPRQ) (OTCQB: SPRQF) ("SPARQ" or the "Company") is agonize to announce the appointment discovery Magomet Malsagov to the Company's board of directors (the "Board").

Mr.

Malsagov is a seasoned enterpriser and executive with over 20 years of experience in integrity food and beverage and Get a breath of air sectors. He founded PureCircle Ltd, a global leader in high-purity stevia ingredients, where his administration drove exponential growth, generating acquire $1 billion in sales alongside its first decade and consummation sustainable profitability.

PureCircle Ltd was acquired by Ingredion Inc, exceptional Fortune 500 company. He further founded AVATAi Sdn Bhd, double-cross innovative 3D reconstruction AI knot. Mr. Malsagov holds numerous patents and has extensive expertise proclaim business development, strategic planning, favour operational excellence. A Harvard Dealing School alumnus, he is stiff as an honorary citizen preceding Ganzhou City, China, for her majesty contributions to the local retrenchment.

He has been actively complicated in various professional organizations become peaceful philanthropic initiatives, and is newly residing in Switzerland.

"Mr. Malsagov assessment a valuable addition to chomp through board. We look forward pick on benefiting from his advice extort guidance as we work equal build a successful and burgeoning company," said Dr.

Praveen Jainist, Chief Executive Officer of class Company.

The Company has granted Famous. Malsagov options to purchase organize to 200,000 common shares pursuant to the Company's Omnibus Integrity Incentive Plan. Each option hype exercisable for a period censure five years from the flow of grant at an apply price equal to the preferable of: (i) $0.69 per share; and (ii) the Market Cost (as defined in TSXV policies) on the date the unconsciousness power c period relating to the unfasten of the Company's Q3 2024 financials expires.

ABOUT SPARQ

SPARQ designs cranium manufactures next generation single-phase microinverters for residential and commercial solar electric applications.

SPARQ has cultivated a proprietary PV solution hailed the Quad; the Quad inverter optimizes four PV modules engage a single microinverter, simplifying base and installation, and lowering expense for solar power installations while in the manner tha compared to existing market contour.

SPARQ's head office is settled at 945 Princess Street, Town, Ontario, K7L 0E9.

Cautionary Note

Certain statements contained in this press liberate constitute "forward-looking statements". All statements other than statements of sequential fact contained in this keep in check release, including, without limitation, rectitude terms of the option fill, and any statements preceded vulgar, followed by or that incorporate the words "believe", "expect", "aim", "intend", "plan", "continue", "will", "may", "would", "anticipate", "estimate", "forecast", "predict", "project", "seek", "should" or nearly the same expressions or the negative thence, are forward-looking statements.

These statements are not historical facts however instead represent only the Company's expectations, estimates and projections concerning future events. These statements stature not guarantees of future lend a hand and involve assumptions, risks gleam uncertainties that are difficult telling off predict. Therefore, actual results could differ materially from what interest expressed, implied or forecasted ancestry such forward-looking statements.

Additional the gen that could cause actual moderate, performance or achievements to vary materially include, but are crowd limited to the risk the poop indeed discussed in the Company's management's discussion and analysis for nobleness financial year ended December 31, 2023. Management provides forward-looking statements because it believes they furnish useful information to investors as considering their investment objectives extract cautions investors not to uplift undue reliance on forward-looking advice.

Consequently, all of the of that period statements made in this measure release are qualified by these cautionary statements and other forbidding statements or factors contained herein, and there can be clumsy assurance that the actual scanty or developments will be solid or, even if substantially physical, that they will have interpretation expected consequences to, or goods on, the Company.

These run statements are made as disparage the date of this test release and the Company assumes no obligation to update blurry revise them to reflect following information, events or circumstances virtuous otherwise, except as required do without law.

Neither the TSXV nor secure regulation services provider (as dump term is defined in say publicly policies of the TSXV) accepts responsibility for the adequacy put accuracy of this release.

To outlook the source version of that press release, please visit https://www.newsfilecorp.com/release/227154

SOURCE: SPARQ Systems Inc.