Guerrilla RF, Inc. (OTCQX: GUER), a leading provider of high-performance RF and microwave semiconductors, today announced the appointment of David Bell as Chairman of its Board of Directors, separating the Chairman and Chief Executive Officer roles as part of the Company’s continued enhancement of its corporate governance. Bell, who has served as an independent director since October 2021, succeeds Chief Executive Officer Ryan Pratt as Chairman. Pratt will continue to serve as a member of the Board.

“David’s depth of semiconductor industry experience and understanding of Guerrilla RF make him ideally suited to lead our Board as we continue to scale the business,” said Ryan Pratt, Founder and Chief Executive Officer of Guerrilla RF. “We believe separating the Chairman role from management is an important step to take to ensure our governance practices are aligned with the expectations of a broader institutional shareholder base. I look forward to continuing our close collaboration as we expand our RF and microwave portfolio and pursue growth opportunities we have in front of us.”

“I am pleased to build on my work with Guerrilla RF in this expanded role,” said David Bell. “The Company has an exciting opportunity to build on its product innovation and growing customer relationships. I look forward to working with Ryan and my fellow directors to support the management team’s execution of its growth strategy and create long-term value for shareholders.”

Bell brings more than four decades of analog and mixed-signal semiconductor experience. He previously served as President and Chief Executive Officer of Intersil and as President of Linear Technology, both analog and mixed-signal semiconductor companies. Before becoming President of Linear Technology, he served as Vice President and General Manager of its Power Products business and as Manager of Strategic Product Development. He also serves as Chairman of Triad Semiconductor, an analog and mixed-signal solutions provider. Bell holds a Bachelor of Science in Electrical Engineering and Computer Science from the Massachusetts Institute of Technology.

The leadership change comes as Guerrilla RF continues to pursue an uplisting to the Nasdaq Stock Market as part of its strategy to broaden investor access and enhance its capital markets profile. Any uplisting remains subject to satisfaction of applicable listing requirements, Nasdaq approval and market conditions, and there can be no assurance that an uplisting will be completed.

About Guerrilla RF

Founded in 2013, Guerrilla RF, Inc. develops and manufactures high-performance, state-of-the-art radio frequency (RF) and microwave semiconductors for wireless OEMs in multiple high-growth market segments, including network infrastructure for 5G/4G macro and small cell base stations, SATCOM, cellular repeaters/DAS, automotive telematics, military communications, navigation, and high-fidelity wireless audio. The Company has an extensive portfolio of 190+ high-performance RF and microwave semiconductor devices with 35+ new products in development. As one of the fastest-growing semiconductor firms in the industry, Guerrilla RF drives innovation through its R&D to commercialization initiatives and focuses on product excellence and custom solutions to underserved markets. The Company has shipped over 285 million devices. For more information, please visit https://www.guerrilla-rf.com/ or follow the Company on Twitter and LinkedIn.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which statements are inherently subject to risks and uncertainties. Forward-looking statements include projections, predictions, expectations, or beliefs about future events or results or otherwise are not statements of historical fact. Such statements are often characterized by the use of qualifying words (and their derivatives) such as “expect,” “believe,” “estimate,” “plan,” “project,” “anticipate,” or other statements concerning opinions or judgments of the Company and its management about future events. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties, and assumptions that are difficult or impossible to predict and, in some cases, beyond the Company’s control. Actual results may differ materially from those in the forward-looking statements as a result of several factors, including those described in the Company’s filings with the SEC available at https://www.sec.gov. Forward-looking statements speak only as of the date they are made. The Company undertakes no obligation to revise or update information in this release to reflect events or circumstances in the future, even if new information becomes available.

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