Blackline Safety Announces Interim CFO

Vice President Accounting & Finance, Corporate Controller, Elisa Khuong, CPA, CA, named interim CFO as Company continues active search

Blackline Safety Corp. (TSX: BLN), a global leader in connected safety technology, today announced that it has named Elisa Khuong, CPA, CA, Vice President Accounting & Finance, Corporate Controller, as interim Chief Financial Officer, effective July 1, 2024.

Serving almost a decade at the Company in progressively senior roles, Ms. Khuong brings a wealth of experience in Finance and Accounting—including strategic business planning, financial reporting, audit, internal controls, financial planning and analysis, compliance and tax strategy—to the interim position. Before joining Blackline in early 2015, Ms. Khuong spent four years in the audit and assurance practice at PwC working with public, private, real estate and financial services businesses. Ms. Khuong is a Chartered Professional Accountant and holds Bachelor of Business Administration Accounting and DESS Accounting Specialized Graduate degrees from Université Laval in Quebec, Canada.

“I’m pleased to welcome Ms. Khuong into the role of interim CFO,” said Cody Slater, Blackline Safety CEO and Chair. “Her financial acumen, tenacity and leadership skills have significantly contributed to the organization’s current success, and I am more than confident in her taking on the interim CFO role.”

“The external search for our permanent CFO is going well and we expect to announce the new CFO in the near future,” Slater continued. “Our focus is on finding the right candidate who brings experience, ambition and strategic thinking to help shape and execute Blackline’s financial strategy while contributing to our overall success and continued growth as we lead the industrial connected safety market into the future.”

About Blackline Safety: Blackline Safety is a technology leader driving innovation in the industrial workforce through IoT (Internet of Things). With connected safety devices and predictive analytics, Blackline enables companies to drive towards zero safety incidents and improved operational performance. Blackline provides wearable devices, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and enhance overall productivity for organizations with coverage in more than 100 countries. Armed with cellular and satellite connectivity, Blackline provides a lifeline to tens of thousands of people, having reported over 225 billion data-points and initiated over seven million emergency alerts. For more information, visit BlacklineSafety.com and connect with us on Facebook, X (formerly Twitter), LinkedIn and Instagram.

Note Regarding Forward-Looking Statements

This press release contains certain forward–looking information and statements within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. In particular, but without limiting the forgoing, this press release contains statements concerning the anticipated future announcement of a Chief Financial Officer and the expected skills and competencies of such individual. Although Blackline believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because Blackline can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. A number of risks and other factors could cause actual results to differ materially from those expressed in the forward looking information contained in this document including, but not limited to, the identification of a permanent Chief Financial Officer with the skills and competencies described herein may not be achieved on the timelines noted herein and the risk that Blackline may not be able to successfully execute its business strategy. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward looking statements contained in this press release are made as of the date hereof and Blackline undertakes no obligations to update publicly or revise any forward looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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