Nakhooda Brings Over 25 Years of Financial, Commercial and Operational Experience With Rapidly Growing Companies, Including Amazon

MISSISSAUGA, ON - January 14, 2025 (NEWMEDIAWIRE) - Skkynet Cloud Systems, Inc. (OTCQB: SKKY), a global leader in real-time data communications technology for industrial systems, is pleased to announce the appointment of Aarif Nakhooda to its Advisory Board. Nakhooda, an internationally recognized expert in artificial intelligence (AI), industrial automation and finance, brings decades of multidisciplinary experience to Skkynet’s leadership team. Nakhooda is currently the CFO of CoreAI and Customer Success at Keystone AI and has previously held the position of CFO of Amazon Singapore. 

With the increasing demand for smarter, more efficient industrial AI solutions, Skkynet’s real-time communication technologies are transforming the way industries connect and manage critical systems. Nakhooda’s expertise will help Skkynet maintain its competitive edge in this fast-evolving sector and capitalize on emerging opportunities.

“I am thrilled to join Skkynet’s Advisory Board at such an exciting time in the industrial AI space,” said Nakhooda. “Skkynet has terrific growth potential; it is uniquely positioned to empower industries with real-time, reliable, and secure data communication technologies that bridge the gap between operational technology and advanced AI solutions. I look forward to lending my experience to support Skkynet’s strategic initiatives and growth in this rapidly evolving market.”

Nakhooda has held senior leadership roles in both the technology and financial sectors, such as Amazon and E&Y, giving him a rare ability to combine technical expertise with business acumen. His extensive background includes leading large-scale AI implementations such as developing and deploying AI technologies for predictive maintenance, process optimization, autonomous operations, and advising organizations on strategic investment decisions to unlock new value streams. His ability to assess financial risks and opportunities within cutting-edge industries like industrial automation will help Skkynet optimize its business strategies and attract investment to scale its operations.  

“Aarif’s deep understanding of AI, industrial systems, and finance is a powerful combination that will bring immense value to Skkynet,” said Paul Thomas, President of Skkynet. “As we look to expand our presence in the growing industrial AI market, Aarif’s financial and AI expertise will enhance our ability to identify growth opportunities, secure strategic partnerships, and deliver long-term value for our stakeholders.”  

Nakhooda’s finance experience includes spearheading investment strategies for technology ventures and advising companies on mergers and acquisitions within the industrial and AI domains. His insights will guide Skkynet in navigating financial complexities and accelerating its path toward becoming a leader in Industry 4.0 and industrial AI.  

Skkynet’s solutions are widely recognized for their ability to securely connect industrial systems without exposing sensitive data to external networks, making them a trusted partner for businesses navigating the challenges of Industry 4.0. The addition of Nakhooda to the Advisory Board reinforces the company’s commitment to staying at the forefront of technological advancements in industrial AI, digital transformation, and financial growth.  

To learn more about Skkynet’s approach, please visit: skkynet.com/industrial-ai

About Skkynet

Skkynet Cloud Systems, Inc. (OTCQB: SKKY) provides real-time, secure, and reliable communication technologies for industrial automation, industrial IoT, and Industry 4.0. Skkynet’s solutions empower organizations to connect, monitor, and control their systems in real time while maintaining robust security and data privacy standards.  

Safe Harbor

This news release contains “forward-looking statements” as that term is defined in the United States Securities Act of 1933, as amended and the Securities Exchange Act of 1934, as amended. Statements in this press release that are not purely historical are forward-looking statements, including beliefs, plans, expectations or intentions regarding the future, and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors, such as the inherent uncertainties associated with new business opportunities and development stage companies. Skkynet assumes no obligation to update the forward-looking statements. Although Skkynet believes that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate. Investors should refer to the risk factors disclosure outlined in Skkynet’s annual report on Form 10-K for the most recent fiscal year, quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the U.S. Securities and Exchange Commission.

Contact

Skkynet Cloud Systems, Inc.
Paul E. Thomas, President 
Tel: (888) 702-7851
Web: skkynet.com
Email: ir@skkynet.com

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