|[January 03, 2014]
Canopy Co. Names Additional Board Member and Will Open Series B Round of Growth Capital
MINNEAPOLIS --(Business Wire)--
Canopy Co. (www.canopyco.com),
developer of Sensus™, the world's first touch-sensitive, app-enhancing
smartphone case, which extends touch control on the iPhone's (News - Alert) screen to
the sides and back surface of the case, announced today that Steve
Babick has joined its board.
Mr. Babick is principal of B-Con Capital Corp, which provides board and
investment portfolio services for several emerging companies.
Previously, he was President of Exclusive Connections, and COO and board
member of iModa, a mobile encryption company. From 2007-2010, he served
as President & CEO of MetroSplash Systems Group and, in 2007, as
VP-Finance & Global Field Operations for i2 Technologies, where he was
responsible for financial planning & analysis and customer experience
metrics for a global sales, marketing, and services organizatin.
Previously he was interim CFO for UVM, Inc./Alta Communications and C121
Mobile/Cienda. He began his career at Texas Instruments (News - Alert), after earning a
BS at Florida State University and an MBA at Amber University.
"Steve's experience with fast-growing emerging technology firms will be
invaluable as Canopy now begins its Series B fund-raising," said Barbara
Stinnett, Canopy executive chairman.
"We are delighted to have Steve's financial and consumer expertise as we
continue to expand and strengthen our board,"�said Andrew
Kamin-Lyndgaard, Canopy cofounder and CEO.
Canopy invites interested parties to meet with its executives at
International CES (News - Alert) in Las Vegas, January 7-10, 2014, booth number MP40023.
Minneapolis-based Canopy (www.canopyco.com)
develops and delivers innovative products and applications that enhance
and elevate the functionality and usability of mobile devices. It
leverages the vast opportunities created in recent years by the booming
market for smartphone apps, accessories, and "appcessories" (accessories
with app integration). Canopy is doing for iPhone accessories what Apple (News - Alert)
did for the mobile phone, by creating an application and
developer-friendly hardware platform that drives both hardware and app
sales. Canopy's key differentiation is its hardware platform, which
bridges these two disparate vertical revenue streams. This
hardware-platform business model drives effective promotion and sales to
consumers via third-party app developers. Canopy was awarded the coveted
MFi License (Made For iPhone) status by Apple, a designation only given
to a small fraction of technology companies. The company is revenue
stage and well-positioned with multiple patents pending, scalable
offshore manufacturing, and established domestic and international
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