GlobeNewswire·Apr 7, 2026, 8:45 AM ET

RedCloud Appoints Prof. Dr. Mustafa Ergen to Board as Non-Executive Director, Strengthening AI and Türkiye Expansion Strategy

RedCloud Holdings plc (NASDAQ: RCT) appointed Prof. Dr. Mustafa Ergen as a non-executive director to its Board of Directors on April 7, 2026.
The appointment aligns with RedCloud's strategy to expand across key trade corridors, including Türkiye, & follows the recent establishment of an R&D presence in Istanbul's ITU Teknokent.
Prof. Dr. Ergen is a Professor at Istanbul Technical University, founder of multiple AI ventures, & recognized by Stanford University as a top 2% scientist.
His background includes senior advisory roles at Türk Telekom Group, advanced network research at UC Berkeley, & expertise in 5G & next-generation architectures.
RedCloud is scaling its RedAI platform & deploying its RAID (Realtime AI for Distribution) engine to embed intelligence directly into trade execution.
CEO Justin Floyd stated that Türkiye serves as a strategic anchor point due to its position at the intersection of major supply chains.
Prof. Dr. Ergen emphasized the opportunity to embed intelligence into fragmented trade flows in real-time during his expansion in Türkiye & globally.
RedCloud aims to transition from a software platform to an intelligent infrastructure layer for global FMCG commerce to enhance visibility & autonomy.
The company, co-founded by Justin Floyd & Soumaya Hamzaoui, achieved its IPO on Nasdaq in March 2025.