#United States #St. Petersburg #Xonar Technology #Ayman Hindy #Bert Centofante

Xonar Technology Inc. Strengthens Leadership with New Board Members

ST. PETERSBURG, Fla., Jan. 22, 2026 - Xonar Technology Inc., known for its innovative contactless security screening systems, has announced the appointment of two new independent directors, Ayman Hindy and Albert T. Centofante. This strategic move is aimed at enhancing the company's governance and providing invaluable insights as it continues its growth trajectory in the security technology sector.

Ayman Hindy: A Leader in Investment Management

Mr. Ayman Hindy brings a wealth of experience to Xonar's board. A former managing director at Pacific Investment Management Company (PIMCO), he specialized in overseeing portfolio management processes and technology. With over 30 years in the investment sector, his career includes roles as an operating partner at Safar Partners and a partner at Advanced Liquidity Concepts. Hindy's impressive background also encompasses positions at Capula Investment Management and Platinum Grove Asset Management. His profound understanding of financial markets and investment strategies makes him an asset to Xonar.

In addition to his corporate expertise, Hindy has a strong academic background, holding a master's degree in engineering and a Ph.D. in financial economics from the prestigious Massachusetts Institute of Technology (MIT). Furthermore, he has contributed to academia as a professor at Stanford University's Graduate School of Business and served on various advisory boards, including that of the Cairo Stock Exchange. His multifaceted experience in both practice and academia positions him uniquely to guide Xonar in broadening its technological advancements.

Bert Centofante: A Veteran in Finance and Business

Joining Hindy is Bert T. Centofante, a seasoned finance executive recognized for his leadership across numerous sectors. Currently serving as a managing director at Thornecrest LLC, Centofante focuses on long-term investment and asset management practices. His storied career includes serving as president of the Guy Buffett Collection, where he managed licensing and strategic partnerships; he also held executive positions at Diversified Publishing and Astrophysics Research Corporation.

Centofante's career began in auditing with Main Hurdman, a firm now integrated into KPMG, demonstrating his thorough understanding of financial principles. With a bachelor's degree in accounting from the University of Southern California, his expertise covers critical aspects of organizational finance, making him an ideal fit to support Xonar's strategic objectives.

A Vision for the Future

Hans Hufschmid, Chairman and CEO of Xonar Technology, expressed enthusiasm regarding the new appointments. He stated, "Ayman and Bert are leaders whose careers have successfully guided global portfolios, diverse investments, and strategic initiatives across various sectors. As Xonar continues to expand, their insights will be crucial in navigating the complexities of the technology landscape."

With the addition of these two veterans, Xonar Technology is positioned to enhance its competitive edge within the security industry. The company continues to develop solutions that leverage AI and advanced analytics to improve threat detection and access control.

Xonar Technology's Solutions

Xonar Technology Inc. specializes in developing state-of-the-art security screening solutions, with products like TruePort® and TrueScanTM that use machine learning and AI to enhance safety measures. TruePort®, recognized as a Qualified Anti-Terrorism Technology by the U.S. Department of Homeland Security, effectively discerns potential threats from everyday items, ensuring a high level of security without compromising efficiency.

For more information about Xonar Technology and its innovative solutions, visit www.xonar.com.

This strategic board expansion indicates Xonar's commitment to integrating high-level expertise as it forges ahead, ensuring not only growth in its technological offerings but also in governance and strategic development.