AirNet Appoints Professor Yu Xiong as Chief Research & Innovation Advisor to Accelerate Web3 and Cryptocurrency Transformation
AirNet Technology (NASDAQ:ANTE) has appointed Professor Yu Xiong as Chief Research and Innovation Advisor to guide the company's transformation into Web3 and cryptocurrency initiatives. Prof. Xiong, who currently serves as Associate Vice President at the University of Surrey and chairs the Advisory Board for the UK All-Party Parliamentary Group on Metaverse and Web 3.0, will provide strategic counsel to AirNet's board and senior leadership.
In his role, Prof. Xiong will be responsible for shaping the company's long-term direction in the Web3 and digital asset landscape, overseeing the innovation pipeline, developing product roadmaps for blockchain-based technologies, and identifying strategic partnerships. His expertise includes co-authoring a Nature Communications study on Bitcoin blockchain sustainability in China.
AirNet Technology (NASDAQ:ANTE) ha nominato il professor Yu Xiong come Chief Research and Innovation Advisor per guidare la trasformazione dell'azienda verso iniziative Web3 e criptovalute. Il prof. Xiong, attualmente Associate Vice President presso l'University of Surrey e presidente dell'Advisory Board dell'All-Party Parliamentary Group britannico sul Metaverse e il Web 3.0, fornir脿 consulenza strategica al consiglio di amministrazione e alla dirigenza di AirNet.
Nel suo ruolo, il prof. Xiong sar脿 responsabile di definire l'orientamento a lungo termine dell'azienda nel panorama Web3 e degli asset digitali, supervisionare il pipeline di innovazione, sviluppare roadmap di prodotto per tecnologie basate su blockchain e individuare partnership strategiche. Tra le sue competenze figura la co-autoria di uno studio pubblicato su Nature Communications sulla sostenibilit脿 della blockchain di Bitcoin in Cina.
AirNet Technology (NASDAQ:ANTE) ha nombrado al profesor Yu Xiong como Chief Research and Innovation Advisor para encabezar la transformaci贸n de la compa帽铆a hacia iniciativas Web3 y de criptomonedas. El profesor Xiong, que actualmente es Associate Vice President en la University of Surrey y preside el Advisory Board del All-Party Parliamentary Group del Reino Unido sobre Metaverse y Web 3.0, ofrecer谩 asesoramiento estrat茅gico al consejo de administraci贸n y a la alta direcci贸n de AirNet.
En su funci贸n, el profesor Xiong ser谩 responsable de definir la direcci贸n a largo plazo de la empresa en el 谩mbito Web3 y de los activos digitales, supervisar la cartera de innovaci贸n, elaborar hojas de ruta de producto para tecnolog铆as basadas en blockchain e identificar alianzas estrat茅gicas. Su experiencia incluye la coautor铆a de un estudio en Nature Communications sobre la sostenibilidad de la blockchain de Bitcoin en China.
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AirNet Technology (NASDAQ:ANTE) a nomm茅 le professeur Yu Xiong Chief Research and Innovation Advisor afin de piloter la transformation de la soci茅t茅 vers des initiatives Web3 et cryptomonnaies. Le professeur Xiong, qui est actuellement Associate Vice President 脿 l'University of Surrey et pr茅side l'Advisory Board du All-Party Parliamentary Group britannique sur le Metaverse et le Web 3.0, apportera des conseils strat茅giques au conseil d'administration et 脿 la direction d'AirNet.
Dans ce r么le, le professeur Xiong sera charg茅 de d茅finir l'orientation 脿 long terme de l'entreprise dans l'茅cosyst猫me Web3 et des actifs num茅riques, de superviser le pipeline d'innovation, d'茅laborer des feuilles de route produits pour les technologies bas茅es sur la blockchain et d'identifier des partenariats strat茅giques. Son expertise inclut la co-r茅daction d'une 茅tude publi茅e dans Nature Communications sur la durabilit茅 de la blockchain Bitcoin en Chine.
AirNet Technology (NASDAQ:ANTE) hat Professor Yu Xiong zum Chief Research and Innovation Advisor ernannt, der die Transformation des Unternehmens zu Web3- und Kryptow盲hrungsinitiativen begleiten soll. Prof. Xiong, der derzeit Associate Vice President an der University of Surrey ist und den Advisory Board der britischen All-Party Parliamentary Group f眉r Metaverse und Web 3.0 leitet, wird dem Vorstand und der Gesch盲ftsf眉hrung von AirNet strategisch zur Seite stehen.
In dieser Rolle wird Prof. Xiong daf眉r verantwortlich sein, die langfristige Ausrichtung des Unternehmens im Web3- und Digital-Asset-Bereich zu gestalten, die Innovations-Pipeline zu 眉berwachen, Produkt-Roadmaps f眉r blockchain-basierte Technologien zu entwickeln und strategische Partnerschaften zu identifizieren. Zu seiner Expertise geh枚rt die Co-Autorenschaft einer Studie in Nature Communications 眉ber die Nachhaltigkeit der Bitcoin-Blockchain in China.
- Strategic appointment of a recognized Web3 and blockchain expert with strong academic credentials
- Clear commitment to technological transformation into Web3 and cryptocurrency sectors
- Access to potential strategic partnerships through Prof. Xiong's extensive industry connections
- Significant pivot from current business model carries execution risks
- No concrete timeline or financial metrics provided for the transformation
- Uncertain regulatory environment in the cryptocurrency and Web3 space
Insights
AirNet's appointment of blockchain expert Prof. Xiong signals serious commitment to Web3 transformation but lacks implementation details.
AirNet's appointment of Professor Yu Xiong as Chief Research and Innovation Advisor represents a significant strategic move in the company's pivot toward Web3 and cryptocurrency initiatives. Prof. Xiong brings substantial credentials to this advisory role, including his position as Director of the Surrey Academy for Blockchain and Metaverse Applications and his chairmanship of the Advisory Board for the UK All-Party Parliamentary Group on Metaverse and Web 3.0.
This appointment provides AirNet with high-level blockchain expertise to guide their transformation strategy. However, the announcement is notably light on specific implementation details - there's no mention of particular blockchain technologies, cryptocurrency projects, or concrete Web3 initiatives the company plans to pursue. While CEO Dan Shao mentions the acceleration of innovation, there are no timelines, development roadmaps, or specific products outlined.
The press release signals AirNet's strategic intention to enter the Web3 space but leaves open questions about execution. Prof. Xiong's research background, including co-authoring a Nature Communications study on Bitcoin blockchain sustainability, suggests the company may be pursuing a thoughtful approach to blockchain integration rather than simply capitalizing on industry buzzwords. However, investors should note this announcement represents very early-stage positioning rather than a mature transformation plan with clear deliverables or revenue potential.
Prof. Xiong currently serves as Associate Vice President (External Engagement) at the University of
"We're entering a new phase of innovation at AirNet," said Mrs. Dan Shao, Chief Executive Officer of AirNet. "Prof. Xiong's track record at the intersection of blockchain, tokenomics and commercialization will help us move faster and with greater confidence."
Safe Harbor Statement
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantee of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; the occurrence of any event, change or other circumstances that could give rise to the terms of the LOI not hereafter being memorialized in a definitive agreement; the outcome of any legal proceedings that have been, or will be, instituted against the Company or other parties to the LOI following announcement of the LOI and transactions contemplated therein; the inability to complete the transactions contemplated by the LOI due to the failure to meet certain closing conditions; risks that the proposed transaction disrupts current plans and operations and the potential difficulties in employee retention as a result of the announcement of the LOI and consummation of the transaction described therein; costs related to the LOI; changes in applicable laws or regulations; as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission by the Company. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the
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SOURCE AirNet Technology Inc.
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