Agreement extended with CEO Magnus René

The Board of Directors of Ovzon and Magnus René have extended the CEO appointment for Magnus René until the end of 2021.

Magnus René is, since May 2018, a director of Ovzon and was appointed as the CEO in May 2019 for the period up to October 2020. Magnus René will now continue the work started to help accelerate the industrialization of Ovzon’s offering as well as optimizing the organization in support of the business plan.

FNCA Sweden AB, +46(0)8-528 00 399, info@fnca.se, is the company’s Certified Adviser.

For further information please contact:

Anders Björkman
Chairman of the board
anders.bjorkman@onephone.se
Tel: +46 70 7700077

Ovzon is revolutionizing mobile broadband via satellite providing global coverage with the highest bandwidth through the smallest terminals. Founded in 2006, Ovzon develops end-to-end solutions meeting the growing demand of mobile broadband connectivity for customers with high performance requirements.
Ovzon’s combination of advanced proprietary satellite technology and unique ultra-small terminals answers the needs for mobile users to connect anywhere and transmit large amounts of data. Customers include Government, Defense, Media, Maritime, Aviation and NGOs using highly mobile platforms. Our dedicated and experienced team ensures a premium service for our demanding global customers.
The company has offices in Stockholm in Sweden and Bethesda (MD) and Tampa (FL) in the United States. Ovzon is publicly listed on Nasdaq First North Growth Market