• Forward Industries Inc. (NASDAQ: FORD) announced the foundation of a Crypto Advisory Board and revealed the initial 25 members.
• The inaugural members of the board have experience in areas including capital markets, digital assets, financial services, and the Solana ecosystem.
• FORD remains committed to growth, and both the management and governance team share the same strategic vision for the company.

Forward Industries (NASDAQ: FORD), a Solana treasury company, recently announced the creation of a Crypto Advisory Board, naming the 25 inaugural members of the board (https://ibn.fm/LZmm2). Given their collective experience in capital markets, digital assets, financial services, and the Solana ecosystem, along with a commitment to the company’s growth, their addition is expected to significantly facilitate the company’s progress.

The purpose of the board is to provide strategic advice as the company continues to advance the Solana treasury strategy and other blockchain-related plans. While naming the first members of this new advisory board, the company indicated they may expand the board in the future to bring on new leaders with experience in technology, finance, and blockchain. 

The 25 inaugural members named to the board:

• Amir Haleem: Founder of Helium and CEO of Nova Labs
• Armani Ferrante: Founder and CEO of Backpack
• Ariel Seidman: Founder of Hivemapper and Co-Founder & CEO of Bee Maps
• Austin Federa: Co-Founder of Double Zero Foundation
• Brian Long: Co-Founder of Triton One
• Chris Osborn: Founder of Dialect Labs
• Cindy Leow: Co-Founder of Drift Labs
• Guy Young: Founder of Ethena Labs
• Harry Austin: Managing Director of Blockchain Infrastructure at Galaxy
• Lucas Bruder: Co-Founder and CEO of Jito Labs
• MacBrennan Peet: Founder of Project0 and Co-Founder of marginFi
• Matty Taylor: Co-Founder and General Partner of Colosseum
• Marius Ciubotariu: Co-Founder of Kamino
• Michael Marcantonio: Head of DeFi at Galaxy
• Mike Hornton: Project Creator at Geodnet
• Nitesh Nath: Founder of Dflow
• Richard Wu: Co-Founder and CTO of Tensor
• Robert Leshner: CEO of Superstate
• Stepan Simkin: CEO of Squads
• Stephen Hess: Founder and Director of Metaplex Foundation
• Tarun Chitra: Founder and CEO of Gauntlet
• Thomas Lefort: Co-Founder of Exponent Finance
• Thomas Young: Head of Credit for Exponent Financial
• Todd Wiesel: Founder and CEO of Baxus
• Vidor Gencel: Co-Founder of SolFlare Wallet

Speaking about the announcement of the board, Kyle Samani, Chairman of the Board of Directors of Forward Industries, said “Establishing a dedicated Crypto Advisory Board is an important milestone as Forward Industries executes on its strategy to bring the value of the Solana ecosystem to investors.”

He added that “The caliber of leaders joining the Advisory Board reflects growing conviction in Solana within global capital markets. The Advisory Board members bring tremendous experience, and their insights will help Forward Industries as we grow SOL per share, leverage the differentiators of the Solana ecosystem to bring value to shareholders, and reinforce Forward Industries’ role at the center of this transformation.”

To date, Forward Industries has total Solana (SOL) holdings of over 6.8 million SOL and the company’s validator infrastructure has a 7.01% staking yield, which is above the average gross yield reported by the top 10 validators by stake weight.

The company not only wants to build one of the largest Solana treasuries but also pave the way for how public companies are able to integrate on-chain operations. It also targets strategic partnerships and acquisitions within the Solana ecosystem to accelerate yield and better align with the ecosystem.

Ford Industries also remains committed to company growth, and both management and the governance team are aligned on this goal and share the same vision.

Speaking on this shared vision about company strategy, Samani said that “Forward Industries’ leadership remains fully aligned in executing our strategy and advancing our position as the leading Solana treasury company.” He also mentioned that “Our management team, board of directors and new Advisory Board together bring the strategic discipline, market insight, and conviction necessary to guide Forward Industries through its next phase of growth.”

For more information, visit the company’s website at www.ForwardIndustries.com.

NOTE TO INVESTORS: The latest news and updates relating to FORD are available in the company’s newsroom at https://ibn.fm/FORD

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