Corinex Appoints George Reznik as Chief Operating Officer to Accelerate Global Expansion

Rhea-AI Summary

Corinex (LTRX) appointed George Reznik as Chief Operating Officer on February 2, 2026 to accelerate global expansion and grid-digitalization efforts. Reznik brings over 30 years of executive experience and a track record of scaling technology companies, including helping scale Pivotal from $10M to $140M in three years.

The company positions BPL technology to help utilities modernize grids, integrate renewables, and increase hosting capacity without major infrastructure rebuilds. Reznik's background includes roles at Light AI, Tantalus Systems, Intrinsyc Technologies, Infowave Software, and Deloitte.

Positive

• Appointment of a COO with 30+ years of executive experience
• Proven scaling track record: Pivotal growth $10M to $140M
• Operational leadership through strategic acquisition by Lantronix

Negative

• None.

Key Figures

Leadership experience: over 30 years Revenue growth role: from $10 million to $140 million USD Growth period: three years

3 metrics

Leadership experience over 30 years George Reznik executive leadership across operations, technology, finance, strategy

Revenue growth role from $10 million to $140 million USD Revenue scale at Pivotal as VP of Finance over three years

Growth period three years Timeframe in which Pivotal scaled from $10M to $140M

Market Reality Check

Price: $6.64 Vol: Volume 1,712,437 vs 20-da...

normal vol

$6.64 Last Close

Volume Volume 1,712,437 vs 20-day average 1,368,730 (relative volume 1.25x) ahead of this leadership news. normal

Technical Shares at $6.64 are trading above the 200-day MA of $4.09 and about 19.42% below the 52-week high of $8.24.

Peers on Argus

LTRX fell 2.35% while key peers were mixed: INSG up 1.49%, AUDC down 1.18%, BKTI...

1 Up

LTRX fell 2.35% while key peers were mixed: INSG up 1.49%, AUDC down 1.18%, BKTI down 2.55%, SILC down 5.68% but separately flagged with upside momentum. Overall moves do not show a clear sector-wide pattern.

Historical Context

5 past events · Latest: Jan 27 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 27	AI defense partnership	Positive	+8.5%	MOU and services pact to integrate SPOTD AI on Lantronix edge hardware.
Jan 26	Earnings date notice	Neutral	+0.6%	Announcement of upcoming Q2 FY2026 earnings release and conference call.
Jan 08	Investor conference	Positive	+6.5%	Participation in Needham Growth Conference with fireside chat and investor meetings.
Jan 06	AI product launch	Positive	-1.1%	Launch of SmartEdge.ai gateway and SmartSwitch.ai platform for edge AI surveillance.
Jan 05	Drone platform preview	Positive	-0.2%	Preview of turnkey drone reference platform targeting defense and industrial UAV use.

Pattern Detected

Recent AI/partnership announcements often saw positive price reactions, while some product-focused launches produced flat or negative moves, indicating selective investor enthusiasm for catalysts.

Recent Company History

Over the past month, Lantronix issued several growth-oriented updates, including AI-driven partnerships and new edge intelligence products. The Safe Pro Group AI partnership on Jan. 27 and participation in the Needham Growth Conference on Jan. 13 both coincided with solid positive moves. Earlier in January, CES-related product launches in video analytics and drone platforms saw muted to negative reactions despite innovation themes. Against this backdrop, today’s executive-focused article references Lantronix only indirectly via a former acquisition, so it represents a peripheral governance/leadership datapoint rather than a direct operational catalyst for LTRX.

Market Pulse Summary

This announcement focuses on Corinex hiring a seasoned operator with prior experience at companies i...

Analysis

This announcement focuses on Corinex hiring a seasoned operator with prior experience at companies including Lantronix, tying into themes of grid digitalization, IoT and energy-transition infrastructure. For Lantronix, the relevance is indirect, reflecting its role in a prior strategic acquisition rather than introducing new products, contracts or guidance. Investors may instead look to the upcoming earnings release on Feb. 4, 2026 and recent AI edge initiatives as more direct fundamental drivers.

Key Terms

iot, distributed energy resources

2 terms

iot technical

"His vision and expertise within the IoT and clean technology sector make him"

The Internet of Things (IoT) describes a network of everyday devices—such as appliances, vehicles, and equipment—that are connected to the internet and can share data automatically. For investors, IoT represents a growing trend that can drive efficiency and innovation across many industries, potentially creating new opportunities for growth and value. Its expansion influences how companies operate and compete in a digitally connected world.

distributed energy resources technical

"manage distributed energy resources while strengthening reliability."– George Reznik"

Small, local sources and devices that generate, store or manage electricity near where it’s used—examples include rooftop solar panels, batteries, electric vehicles, smart thermostats and backup generators. They matter to investors because they reshape how power is produced, sold and paid for: they can lower costs, create new revenue streams, change regulation and require grid upgrades, so they affect company profits, risk profiles and growth opportunities much like dozens of small engines changing how a single factory runs.

AI-generated analysis. Not financial advice.

VANCOUVER, BC, Feb. 2, 2026 /PRNewswire/ - Corinex, a global leader in Broadband-over-Power-Line (BPL) technology, announced the appointment of George Reznik as Chief Operating Officer. Mr. Reznik is an entrepreneurial, operational, and strategic executive leader. He has a track record of growing top-line revenue, bottom-line performance, and market share while building, commercializing, and scaling global technology companies.

Corinex is accelerating the transformation of electricity networks, turning existing power line infrastructure into high-capacity, secure communications networks. This helps utilities accelerate grid modernization, integrate low-carbon technologies at scale, and increase grid hosting capacity without rebuilding their infrastructure.

"We are proud to welcome George to Corinex at a defining moment for the energy industry. George brings over 30 years of executive leadership across operations, technology, finance, and business strategy. His vision and expertise within the IoT and clean technology sector make him an integral addition to our team as we enter the next stage of growth."
– Peter Sobotka, Corinex, CEO

Mr. Reznik is a seasoned executive with three decades of leadership experience across publicly traded and high-growth companies within the technology sector. He has held executive roles at Light AI (CSE: ALGO), Tantalus Systems (TSX: GRID), Intrinsyc Technologies (TSX: ITC), and Infowave Software (TSX: IW).

Previously, Mr. Reznik advised organizations at pivotal moments of transformation for over a decade as Deloitte's Corporate Finance Valuation leader in Canada and the United Kingdom. Building upon that foundation, he helped to scale Pivotal (Nasdaq: PVTL) from $10 million to $140 million USD as the VP of Finance over  three years. He then moved on to serve as COO and CFO at Infowave Software before joining Intrinsync, where he led operations and finance through its strategic acquisition by Lantronix (Nasdaq: LTRX).

Recognized for operational excellence and financial discipline, Mr. Reznik is a proven executive leader trusted to guide organizations through pivotal stages of transformation.

In addition to his longstanding accomplishments, he is also a:

• Recipient of the BC Public Company CFO of the Year award
• Chair of the BC Hi-Tech CFO C-Council
• Chartered Professional Accountant (CPA, CA)
• Chartered Business Valuator (CBV)
• Certified Fraud Examiner (CFE)

"I am excited to join Corinex to support its mission to accelerate decarbonization through intelligent, connected energy infrastructure and make an invaluable impact on the sustainability of our planet. This will pave the way for a smarter, more resilient, and sustainable energy future.

The global transition to the electrification of everything requires grid capacity optimization management. Corinex is well-positioned as a world leader in BPL-based grid digitalization. Its platform empowers utilities and grid operators to enhance network capacity, integrate renewable energy, and manage distributed energy resources while strengthening reliability."
– George Reznik, Corinex, COO

About Corinex

Corinex is the leading provider of BPL-based grid visibility and flexibility solutions.

Energy networks around the globe are under pressure due to the rapid adoption of low-carbon technologies (LCTs) such as electric vehicles, heat pumps, and solar. Upgrading existing grids requires significant financial investments, is resource-intensive, environmentally disruptive, and often slow to deploy at scale.

Corinex's Broadband Over Powerline (BPL) solutions transform existing power grids into intelligent communication networks, giving utilities an alternative way to modernize their grid for a faster, more economical, and more carbon‑neutral approach.

View original content to download multimedia:https://www.prnewswire.com/news-releases/corinex-appoints-george-reznik-as-chief-operating-officer-to-accelerate-global-expansion-302675650.html

SOURCE Corinex Communications

FAQ

Who is George Reznik and what role did he accept at Corinex (LTRX)?

George Reznik was named Chief Operating Officer at Corinex on February 2, 2026. According to Corinex, he brings over 30 years of operations, finance, and strategy experience across public and high-growth technology companies, intended to support global expansion and commercialization.

What experience does Reznik have scaling technology companies relevant to Corinex (LTRX)?

Reznik helped scale Pivotal from $10M to $140M in three years as VP of Finance. According to Corinex, he also held executive roles at Light AI, Tantalus Systems, Intrinsyc, and Infowave, plus Deloitte advisory experience.

How might Reznik's appointment affect Corinex's grid modernization strategy (LTRX)?

Reznik's operational and commercial background is intended to accelerate deployment of BPL solutions. According to Corinex, his role will focus on scaling commercialization, supporting utilities, and integrating technologies to enable grid capacity and renewables integration.

Does the announcement provide financial guidance or targets tied to Reznik's hiring for Corinex (LTRX)?

The appointment announcement does not provide explicit financial guidance or numeric targets linked to the hire. According to Corinex, the focus is on operational scaling and market expansion rather than immediate guidance changes.

What prior transaction experience does Reznik bring that could matter for Corinex shareholders (LTRX)?

Reznik led operations and finance through Intrinsyc's strategic acquisition by Lantronix. According to Corinex, this demonstrates experience managing M&A and strategic transactions that could support future corporate development activities.