REDMOND, Wash.--(BUSINESS WIRE)--Kymeta Corporation, a Seattle-based developer of metamaterials-based antenna technology, today announced that its board of directors has appointed Dr. Nathan Kundtz as CEO and Marc Stolzman as chief financial officer (CFO). Kundtz previously held the position of president and chief technology officer at Kymeta. Stolzman previously held the position of CFO at Zulily.
“The board is extremely confident in Nathan as CEO and is as optimistic as ever regarding Kymeta’s future,” said Bill Gates, Kymeta investor and board member.
After conducting award-winning, highly-cited research at Duke University, Kundtz was recruited to Intellectual Ventures where he led the development of the metamaterials technology used in Kymeta’s innovative satellite antennas. A member of Kymeta’s founding team in 2012, Kundtz became its chief technology officer to direct the company’s strategic product development. In June 2014 Kundtz was appointed as the president of Kymeta.
"We are thrilled with Nathan's leadership, technology expertise and steadfast vision for Kymeta," said Kymeta Board Director Josh Wolfe of Lux Capital. "He is generating great velocity and momentum attracting world-class talent and partners, and skillfully navigates from lab to boardroom to market customers."
Marc Stolzman joins Kymeta as CFO with a wealth of experience growing innovative companies, most recently serving as CFO of Seattle-based retailer Zulily, where he led the company through its IPO in 2013. Stolzman has more than 20 years of business and financial operations experience, previously serving as CFO at Zumiez, Blue Nile and Imperium Renewables.
Kymeta’s new mTenna™ suite of satellite antennas is based on metamaterials technology pioneered by Kundtz. These ultra-thin antennas use a holographic approach to electronically acquire, steer and lock a beam to any satellite. The flat, lightweight and cost-effective satellite tracking antennas are designed to work seamlessly for communications in high-volume markets where traditional antennas are not currently practical or feasible, such as maritime, automotive and aviation.
About Kymeta Corporation
Kymeta Corp. is commercializing a new, innovative software-enabled metamaterials-based electronic beamforming antenna for satellite communications. Kymeta has been named by CNBC to its annual list of the world’s 50 most disruptive companies for two consecutive years. Kymeta was selected by Future in Review as a 2014 FiRe Starter company. Boats. Planes. Cars. If it moves, Kymeta is the antenna solution that will keep it connected. Anywhere. The company is based in Redmond, Washington and operates on a worldwide basis. For more information, please visit www.kymetacorp.com.