AssetOwl Limited provided an update on Company's team development. The Company has secured a highly experienced Head of Engineering, Diego Tognola, to lead the AssetOwl development team, commencing on 3 October 2022. This is a key hire for the organisation as the need to service AssetOwl's growing customer base becomes greater, and look to leverage the technology in to new markets.

Diego brings with him over twenty years engineering experience in a variety of organisations, both within Australia and overseas. As the Head of Engineering, Diego will be responsible for ensuring that the Company's products and solutions are fit for the market. The role assumes responsibility for all technical aspects of Pirsee, from product development through to the technologies used to build and deploy the platform.

As disclosed in the Company's June quarterly report, AssetOwl recently welcomed a highly experienced Head of Product, James Heys. A pragmatic and innovative product leader with 14 years' experience working on SaaS, B2B and enterprise software solutions, James brings strong capability in building scalable products and driving product market fit. This role represents a significant expansion in capability: going forward, James will drive AssetOwl's product strategy, with a particular focus on improving customer experience, and in the longer term, exploring opportunities to expand the Company's offering.

These two key hires are complemented by the Company's recent welcoming of a Melbourne-based Customer Success Manager. This valuable addition to the team has been made to lay the groundwork for Pirsee's east coast expansion while providing additional redundancy to the Company's Customer Success team. With the appointments of new Heads of Engineering and Product, Giuseppe Di Franco has stepped down from his position as CTO and plans to retire as a non-executive director.

He continues to provide strategic oversight and advice to the business in which he retains a significant interest. The move had long been planned for personal and professional reasons.