Optio Labs Names Mobile Industry Veteran Gregg Smith As Chief Executive Officer

Boston and Nashville, Tenn. (Dec. 2, 2014) – Optio Labs, a developer of technology products that make mobile applications faster, smarter, safer and more secure, today named Gregg Smith, the former Chief Executive Officer of KoolSpan Inc. and Acuity Mobile Inc., as its new CEO.

The hiring of Smith adds almost three decades of technology and business leadership expertise in mobile security solutions to the team at Optio Labs, which was founded on the groundbreaking mobile and embedded technology strategies developed by Drs. Brian Dougherty, Jules White and Charles Clancy.

Having overseen seven successful corporate exits during his career, Smith understands how to guide companies through critical stages of commercial and product development and generate mobile enterprise solutions. The security and control features available through Optio Labs' "Core" product suite provides a platform from which Smith will expand the company's range of partnerships – from device manufacturers seeking innovative embedded security systems to organizations and wireless carriers aiming to enhance their ability to manage the sharing of mission-critical data.

"The Optio team offers some of the most creative minds in the mobile and security industry. This provides us with a unique opportunity to continue to pioneer and expand our product portfolio for customers, and help them better manage the rising number of security threats that are accompanying the accelerated growth in the mobile industry," said Smith.

Smith most recently led a rapid-growth strategy at KoolSpan – which is now a global leader in Secure Voice and Text messaging encryption solutions. Smith also served as CEO of Acuity Mobile, which was acquired by NAVTEQ, a division of Nokia. A graduate of St. Mary's College of Maryland, Smith was also Senior Vice President at TeleCommunication Systems Inc. (NASDAQ: TSYS) and President of Aether Systems Inc. (NASDAQ: AETH)

Smith will be splitting his time between Optio Labs headquarters in Maryland and Nashville, Tennessee, where the company's development team and two of its co-founders are located. The company plans to double the size of the Nashville team, which recently launched a new application to showcase their technology features: kodomo (www.kodomozone.com). kodomo utilizes elements of the Optio Labs "Core" product suite to offer parents a powerful new way to understand and intelligently manage a family's mobile world.

More information about Optio Labs can be found at www.optiolabs.com. The company is a subsidiary of Allied Minds (LSE: ALM).

About Optio Labs

Optio Labs creates, optimizes and productizes transformational security and productivity technologies for the mobile enterprise and embedded systems. Founded in 2012, Optio Labs was formed around technologies originating from Virginia Tech scientists, Dr. Charles Clancy, Dr. Jules White and Dr. Brian Dougherty. With offices in Nashville, Tennessee, and Washington, D.C., Optio Labs customers include federal agencies, commercial enterprises, and device manufacturers. More information can be found at www.optiolabs.com.

About Allied Minds

Allied Minds (LSE: ALM) is an innovative U.S. science and technology development and commercialization company. Operating since 2006, Allied Minds forms, funds, manages and builds products and businesses based on innovative technologies developed at leading U.S. universities and federal research institutions. Allied Minds serves as a diversified holding company that supports its businesses and product development with capital, central management and shared services. More information about the Boston-based company can be found at www.alliedminds.com.

Allied Minds Forward-Looking Statement

This press release contains statements that are or may be forward-looking statements, including statements that relate to the company's future prospects, developments and strategies. The forward-looking statements are based on current expectations and are subject to known and unknown risks and uncertainties that could cause actual results, performance and achievements to differ materially from current expectations, including, but not limited to, those risk and uncertainties described in the risk factors included in the company's regulatory filings. These forward-looking statements are based on assumptions regarding the present and future business strategies of the company and the environment in which it will operate in the future. Each forward-looking statement speaks only as at the date of this press release. Except as required by law, regulatory requirement, the Listing Rules and the Disclosure and Transparency Rules, neither the company nor any other party intends to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

Media Contact:

Christine Dunn
ArcPoint Strategic Communications
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