Skip to main content

Intelligent Product Solutions Names Paul Severino President

Written by Customer Service on . Posted in Public Companies.

HAUPPAUGE, N.Y., Dec. 02, 2021 (GLOBE NEWSWIRE) — Intelligent Product Solutions (IPS), a subsidiary of Forward Industries (NASDAQ:FORD) and award-winning product design and development firm, today announced that Paul Severino was promoted to President, effective January 1. The current IPS President and Co-founder Mitch Maiman will be taking on a new group role as Business Strategy Consultant at IPS and Forward Industries.

Co-founding IPS with Maiman in 2007 and formerly serving as Chief Operating Officer (COO), Severino has been with IPS since its founding 14 years ago. IPS also announced today that Bob Wild was promoted to COO, from Senior Vice President.

“Paul is the natural successor to Mitch. I am confident that under his leadership, bringing his deep experience with IPS as COO, and his vision as a co-founder with support from Bob, IPS will continue to grow successfully,” said Terry Wise, Chairman of Forward Industries.

Severino said, “IPS is an outstanding group of engineering and product design professionals, with a shared goal of providing the best product design services in the industry. I’m pleased to continue working with this incredibly talented team in this next phase of growth for IPS.”

Before co-founding IPS, Severino worked at Symbol Technologies, holding several senior positions in engineering and operations. Paul also has several patents for hand-held laser scanners.

Severino holds numerous degrees including an MBA from LIU Post, a Master’s in Computer Science from New York Institute of Technology, and a BS in Mechanical Engineering from the State University of New York at Stony Brook.

The current IPS President and Co-founder Mitch Maiman is resigning from the company effective January 1, 2022 and will enter into an Independent Contractor Agreement to provide business strategy services.

About IPS

IPS, a subsidiary of Forward Industries (NASDAQ: FORD), is an award-winning global product design and development company with headquarters in New York. IPS offers expert product design and engineering services, including Internet of Things (IoT) and wearable technology solutions. Its clients are among the leading brands in consumer electronics, medical devices, enterprise and security solution providers, and IoT-connected solutions, including AdhereTech, Google, Stryker, Zebra Technologies, and charity: water. To learn more about IPS, visit http://www.intelligentproduct.solutions or contact info@ips-yes.com or @IPSdesigners.

About Forward Industries

Incorporated in 1962, and headquartered in Long Island, New York, Forward Industries is a global design, manufacturing, sourcing and distribution group. The company has a 30-year plus track record of Far Eastern sourcing capability. Forward’s products can be viewed online at www.forwardindustries.com.

For more media information, contact:

Lisa Hendrickson/LCH Communications for IPS

(516-767-8390) or lisa@lchcommunications.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.