BOSTON, Jan. 28, 2022 /PRNewswire/ -- The Tomorrow
Companies Inc. ("Tomorrow.io"), developer of a leading platform for
global weather and climate security, today announced the addition
of former NASA astronauts Dr. Kathryn
Sullivan and Steve Smith to
the company's advisory board.
Dr. Sullivan was the Under Secretary of Commerce for Oceans and
Atmosphere and Administrator of the National Oceanic and
Atmospheric Administration (NOAA). She was appointed by President
Biden to the President's Council of Advisors on Science and
Technology. Mr. Smith was Deputy Chief of the NASA Astronaut Corps,
served as a U.S. Diplomat overseas for 12 years, and is now a
Director of the International Space Station U.S. National
Laboratory.
In December, Tomorrow.io announced plans to list on Nasdaq
through a merger with Pine Technology Acquisition Corp. ("Pine
Technology") (Nasdaq: PTOC, PTOCW, PTOCU). Upon closing of the
transaction, Tomorrow.io's common stock and warrants are expected
to trade on Nasdaq under the new ticker symbols "TMW" and
"TMWW".
Dr. Sullivan and Mr. Smith both bring unique and valuable
perspectives to Tomorrow.io's business strategy and execution,
including the company's plan to launch a first-of-its-kind
constellation of radar-equipped satellites starting in late
2022.
"It is a great honor to have two American heroes supporting the
mission of our company," said Shimon
Elkabetz, Co-founder and CEO of Tomorrow.io. "Their guidance
and inspiration will help us develop and evolve the tools and
technology that countries, businesses and individuals need to
mitigate the growing threats of weather and climate extremes."
Dr. Sullivan flew on three Space Shuttle missions and was the
first American woman to walk in space. She is the first
person to both orbit the planet and reach the deepest point in the
ocean, the Challenger Deep, which she reached in a submersible dive
in 2020.
As NOAA Administrator from 2014 to 2017 and NOAA Chief Scientist
from 1993 to 1996, Dr. Sullivan presided over advances in U.S.
weather models, environmental observations, and weather and climate
services, including engagement with the private sector. She is a
member of the National Academy of Engineering and serves on
multiple boards including Accenture Federal Services and the
National Audubon Society.
"I'm deeply impressed by the technology and team at
Tomorrow.io," said Dr. Sullivan. "Their weather intelligence
technology and upcoming satellite constellation are at the
forefront of the innovation we need to address the enormous
challenges and opportunities of extreme weather and a changing
climate."
Mr. Smith's seven spacewalks, totaling more than 49 hours,
ranked third on the all-time worldwide spacewalk duration list at
the completion of his flying career. From 2003 to 2015, Mr. Smith
served as NASA Space Station Liaison to the European Space Agency
and a U.S. Diplomat working with the Russian and European space
programs. He was then then the Associate Director for Space Station
at NASA Ames from 2015 to 2017.
Mr. Smith is the only person to enter the Astronaut Corps with
an MBA. He is a consultant on space, business and engineering to
prominent Silicon Valley venture capitalists. He also serves as
director on multiple boards including Blue Sky Network and the
Lindbergh Foundation.
"I knew from age 7 that I wanted to be an astronaut, and for the
next 26 years I pursued that big goal despite big obstacles and
setbacks with grit, creativity and determination," said Mr. Smith.
"I see those same characteristics in Tomorrow.io's pursuit of
better weather intelligence and a revolutionary satellite
constellation. Tomorrow.io is well positioned to succeed in today's
business world which, like the environment in space, is
unpredictable, complicated, fast-paced and dynamic."
About Tomorrow.io
Tomorrow.io is The World's Weather and Climate Security
Platform, helping countries, businesses, and individuals manage
their weather and climate security challenges. Fully customizable
to any industry impacted by the weather, customers around the world
including Uber, Delta, Ford, National Grid, and more use
Tomorrow.io to dramatically improve operational efficiency.
Tomorrow.io was built from the ground up to help teams prepare for
the business impact of weather by automating decision-making and
enabling climate adaptation at scale. To learn more, please go to:
www.tomorrow.io
About Pine Technology Acquisition Corp.
Pine Technology Acquisition Corp. is a special purpose
acquisition company (SPAC) formed for the purpose of targeting one
or more businesses for its initial business combination. Pine
Technology is led by CEO and Director Christopher Longo, the Founder and CEO of
tech-focused commercial insurance managing general agent and
brokerage, Novum Underwriting Partners, and the former CIO and COO
of AmTrust Financial Services, Inc. (AmTrust) and non-Executive
Chairman Adam Karkowsky, who
currently serves as the President of AmTrust. Pine Technology
Acquisition Corp. was founded in December
2020 and its Units, Class A common stock and warrants are
listed on the Nasdaq under the symbols PTOCU, PTOC, and PTOCW,
respectively. To learn more, please go to:
www.pinetechnology.com
Forward-Looking Statements
This press release
includes, and oral statement made from time to time by
representatives of Pine Technology and Tomorrow.io may contain,
statements that are not historical facts but are forward looking
statements for purposes of the safe harbor provisions under
applicable securities laws, including the United States Private
Securities Litigation Reform Act of 1995. Forward-looking
statements generally are accompanied by words such as "believe,"
"may," "could," "will," "estimate," "continue," "anticipate,"
"intend," "target," "goal," "expect," "should," "would," "plan,"
"predict," "project," "forecast," "potential," "seem," "seek,"
"future," "outlook," and similar expressions that predict or
indicate future events or trends or that are not statements of
historical matters. These forward-looking statements include, but
are not limited to, statements regarding Tomorrow.io's ability to
launch a satellite, the benefits of its technology, and the closing
of the business combination. Forward-looking statements are
predictions, projections and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties. You should
carefully consider the risks and uncertainties described in the
registration statement on Form S-4, including Pine Technology's
prospectus and proxy statement (the "Proxy Statement/Prospectus"),
filed by Pine Technology with the Securities and Exchange
Commission (the "SEC") under the heading "Risk Factors" and other
documents of Pine Technology filed, or to be filed, with the SEC.
There may be additional risks that Pine Technology and Tomorrow.io
presently do not know or that they currently believe are immaterial
that could also cause actual results to differ from those contained
in the forward-looking statements. In addition, forward-looking
statements reflect Pine Technology's and Tomorrow.io's
expectations, plans or forecasts of future events and views as of
the date of this press release. Pine Technology and
Tomorrow.io anticipate that subsequent events and developments will
cause their assessments to change. However, while Pine Technology
and Tomorrow.io may elect to update these forward-looking
statements at some point in the future, Pine Technology and
Tomorrow.io specifically disclaim any obligation to do so. These
forward-looking statements should not be relied upon as
representing Pine Technology's and Tomorrow.io's assessments as of
any date subsequent to the date of this press release. Accordingly,
undue reliance should not be placed upon the forward-looking
statements.
Additional Information and Where to Find It
This press
release is not a proxy statement or solicitation of a proxy,
consent or authorization with respect to any securities or in
respect of the transaction and does not constitute an offer to
sell, buy or exchange or the solicitation of an offer to sell, buy
or exchange any securities or the solicitation of any vote or
approval in any jurisdiction, nor shall there be any sale,
purchase, or exchange of securities or solicitation of any vote or
approval in any jurisdiction in contravention of applicable
law.
In connection with the proposed transaction between Pine
Technology and Tomorrow.io, Pine Technology has filed the
preliminary Proxy Statement/Prospectus. Pine Technology plans to
mail the definitive Proxy Statement/Prospectus to its stockholders
in connection with the transaction once available. INVESTORS AND
SECURITYHOLDERS OF PINE TECHNOLOGY ARE URGED TO READ THE PROXY
STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS FILED OR TO BE
FILED WITH THE SEC CAREFULLY WHEN THEY BECOME AVAILABLE BECAUSE
THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT PINE TECHNOLOGY,
TOMORROW.IO, THE TRANSACTION AND RELATED MATTERS. Investors and
security holders will be able to obtain free copies of the Proxy
Statement/Prospectus (when available) and other documents filed
with the SEC by Pine Technology through the website maintained by
the SEC at www.sec.gov. In addition, investors and security holders
will be able to obtain free copies of the documents filed with the
SEC by contacting Pine Technology or Tomorrow.io using the contact
information below.
Participants in the Solicitation
Pine Technology,
Tomorrow.io and certain of their respective directors, executive
officers and employees may be considered to be participants in the
solicitation of proxies in connection with the transaction.
Information regarding the persons who may, under the rules of the
SEC, be deemed participants in the solicitation of the stockholders
of Pine Technology in connection with the transaction, including a
description of their respective direct or indirect interests, by
security holdings or otherwise, will be included in the Proxy
Statement/Prospectus described above when it is filed with the SEC.
Additional information regarding Pine Technology's directors and
executive officers can also be found in the Pine Technology Final
Prospectus. These documents are available free of charge as
described above.
Media
Tomorrow.io
Media@tomorrow.io
ICR Inc
TomorrowPR@icrinc.com
Investors
ICR Inc
TomorrowIR@icrinc.com
View original
content:https://www.prnewswire.com/news-releases/former-nasa-astronauts-kathryn-sullivan-and-steve-smith-join-tomorrowios-advisory-board-301470424.html
SOURCE Tomorrow.io
