PrecisionHawk Adds Leadership to Strengthen Management Team

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Founders Take on New Roles in Key Management Positions and Company Hires Chief Financial Officer as PrecisionHawk Scales to Expand Global Market Position

Raleigh, NC – PrecisionHawk Inc. today announced that veteran technology executive Bob Young has been named Chief Executive Officer and William Beyer has been appointed as the company’s Chief Financial Officer. Young is also Chairman of the PrecisionHawk’s board of directors. Co-founders Christopher Dean and Dr. Ernest Earon will continue in leadership roles with Dean as President and Dr. Earon as Chief Technology Officer. The new executive appointments are effective immediately.

After experiencing unprecedented growth in the first half of 2015, PrecisionHawk is focusing on strategic hires that will scale the company as a world leader.

“Ernest and I are committed to building a great company, and as an internationally recognized technologist and business leader, we realize that Bob has done this before,” said Christopher Dean. “Our long and trusted relationship with Bob combined with his unique experience in scaling a leading global business makes this a great opportunity for us and for PrecisionHawk.”

“PrecisionHawk is a leader in one of the most important areas of technology innovation, and the company’s founders, Christopher Dean and Ernest Earon, have built a culture of customer-centric innovation and engineering excellence.  It is a great pleasure to help the company scale to meet the needs of our resource intensive global customers,” said Bob Young. “Aerial data will translate to better understanding and management of our planet’s limited resources, creating a better world for everyone.  As entrepreneurs, this is our ultimate goal.”

“PrecisionHawk owes its success to a dedicated and professional team with an amazing ability to think creatively and without bounds.  Bob and Bill bring a drive, ambition and perspective that will continue to push the boundaries of what is possible,” said Ernest Earon. “We are very fortunate to add their expertise as we continue this growth and global expansion.”

As an internationally recognized technologist and business leader, Bob Young brings more than 20 years of software development, management, and marketing experience to PrecisionHawk. Young began his career building computer finance businesses before co-founding open-source software company Red Hat (NYSE: RHT). Red Hat is now a member of the S&P 500 Index. After leaving Red Hat, Young, among other projects, founded and served as CEO of Lulu.com, a leading global online publishing platform.

William R. Beyer brings more than two decades of blue-chip professional experience to PrecisionHawk. Prior to joining PrecisionHawk Beyer served as COO and CFO of Raydiance Inc. during its fast growth phase. In addition to his time at Raydiance, Beyer served as CFO of multiple emerging technology companies including Bitfone Corp., where he successfully oversaw the company’s acquisition by Hewlett-Packard (NYSE: HPQ) and Advanced Fibre Communications, where Beyer was a key contributor to the company’s successful IPO.

About PrecisionHawk Inc.

PrecisionHawk is a terrestrial data acquisition and analysis companyfounded in 2010. The company provides an end-to-end solution from Unmanned Aerial Vehicles (UAVs) to data collection and analysis software tools to provide better business intelligence to clients across a wide range of civilian industries. PrecisionHawk also owns drone data software, DataMapper, satellite imagery provider, Terraserver, and the Low Altitude Tracking and Avoidance System for drones, LATAS. A privately held company based in Raleigh, NC and Toronto, Canada, PrecisionHawk’s investors include Intel Capital, Millennium Technology Value Partners, Bob Young, and the Innovate Indiana Fund. More information about PrecisionHawk can be found at www.precisionhawk.com or on Twitter @PrecisionHawk.

PrecisionHawk Contact:

Lia Reich, Sr. Director Communications

l.reich@precisionhawk.com | 919-590-9280 | @LiaReich