The Board of Directors is currently comprised of eight individuals. Members have operated at senior executive levels at some of the largest major consumer brand FMCG companies in the world and at leading logistics and technology companies, providing them deep insight into the needs of pallet users.
RM2 launched the smart pallet revolution by embedding autonomous IoT sensor technology in its logistically-optimized, hygienic BLOCKPal™ composite pallets. IoT sensor data are transmitted to the cloud via the LTE-M network, making visible the pallet’s location and condition both indoors and in transit without requiring any additional hardware or IT development. RM2 ELIoT®, the Company’s cloud-based supply chain intelligence platform, captures and contextualizes location, temperature, shock, and event data, giving customers end-to-end supply chain visibility and clear, actionable insights in real time. RM2 issues, retrieves, and sanitizes more than 1.5 million of its hygienic IoT pallets annually through a nationwide network of over 30 service facilities in a cost-effective, scalable, and environmentally sustainable pallet pooling system.
BOARD OF DIRECTORS
Prior to joining RM2, Mr. Mazula served as Chief Commercial Officer at PRIMUS Technologies and as a Senior Vice President of Xerox, where he led growth strategy and global productivity and cost competitiveness initiatives, respectively. Prior to these roles, Kevin served as Vice President of Global Business Units at Jabil, where he led the company’s Telecom and Networking business. He also founded Jabil’s Energy Management business, establishing the company’s leadership position in Smart Metering and the Smart Grid. Mr. Mazula began his career at General Electric, holding leadership roles in engineering, operations, and program management.
Mr. Mazula is a member of the Executive Board of the Reusable Packaging Association, a non-profit trade organization focused on achieving sustainability through the reuse of packaging systems. He graduated with honors from the Wharton School where he earned his MBA in International Finance. As a Lauder Fellow, he was also awarded a MA in International Studies from the University of Pennsylvania. Mr. Mazula earned his undergraduate degree in Mechanical Engineering from the Massachusetts Institute of Technology.
Prior to founding OEP, Mr. Cashin was with Citigroup Venture Capital from 1980-2000 and served as President from 1994-2000. Mr. Cashin is a Trustee of the American University in Cairo, Boys Club of New York, Brooklyn Museum, Central Park Conservancy, Jazz at Lincoln Center, National Rowing Foundation, and Newport Festivals Foundation. Mr. Cashin is active in inner-city educational initiatives, Row New York’s efforts to build a Norman Foster designed boathouse on the Harlem River, and Harvard fundraising where he has served as Co-Chairman of his Harvard class for over 40 years. In 1976 and 1980, Mr. Cashin was a member of the U.S. Olympic Rowing Teams and was a world champion in 1974. Mr. Cashin is the son of a Foreign Service Officer and grew up in Libya, Ethiopia, Ghana, Indonesia, and Pakistan. He attended Harvard University and graduated in 1975 with a degree in East Asian Studies. Following a one-year fellowship at Trinity College, Cambridge in 1976, he worked at Jardine Matheson in Hong Kong. In 1980, Mr. Cashin completed his M.B.A. at Harvard Business School.
RM2 was founded in 2007 to develop and bring to market a revolutionary composite pallet and supply chain service platform. Since its inception, the Company has invested more than US $60 million in R&D for pallet manufacturing technology and design.
RM2 FoundedJanuary 1, 2007
RM2 was founded in 2007 to develop and bring to market a revolutionary composite pallet and supply chain service platform
Market Research and R&D
Market Research and R&DJanuary 1, 2011
Since its inception, the company has invested more than US $60 million in R&D for pallet manufacturing technology and design.
Equipment Tracking Acquisition
Equipment Tracking AcquisitionJanuary 1, 2013
Acquires Equipment Tracking and its ERICA pallet tracking and management software.
IPOJanuary 7, 2014
Company completes an IPO on the AIM Market of the London Stock Exchange, raising $214.5M.
DAQS AcquisitionSeptember 9, 2014
RM2 acquires DAQS technology for improved supply chain management and logistics efficiencies.
IoT Pallet Launched
IoT Pallet LaunchedJanuary 9, 2016
RM2 introduces the first Internet of Things (IoT) trackable pallet, allowing customers to trace pallet movements and be informed of temperature and shock data, giving unparalleled insight to their supply chains and providing numerous opportunities for cost-saving.
Delisting of Shares from AIM
Delisting of Shares from AIMJanuary 15, 2020
On January 15, 2020, the shareholders of the Company voted to cancel the trading of the Company’s shares on the AIM market of the London Stock Exchange. The cancellation was effective January 20, 2020. A matched bargain trading facility was implemented with Asset Match to facilitate secondary market trading of the Company’s shares.
First Step Equity Increase
First Step Equity IncreaseJuly 1, 2021
In July 2021, the Company entered into a Share Exchange Agreement (the “Exchange Agreement”) with ARC Group Worldwide, Inc. (“ARC”) (OTC Markets: ARCW) and certain shareholders of RM2 to acquire 100% of the issued and outstanding RM2 ordinary shares (the “RM2 Shares”). Pursuant to the terms of the Exchange Agreement, shares of common stock of ARC (“ARC Common Stock”) were exchanged for substantially all of the issued and outstanding RM2 Shares (the “Exchange Issuances”) on February 1, 2022. Approximately 1.6% of the RM2 Shares remain issued and outstanding among widely dispersed shareholders (the “RM2 Minority Shares”). The Company plans to exchange the RM2 Minority Shares for shares in ARC as soon as reasonably feasible. All of the shares of ARC Common Stock issued pursuant to the Exchange Issuances were issued with restricted transfer legends (the “Exchange Shares”). The issuances of the Exchange Shares were exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”) in reliance upon Section 4(a)(2) thereunder as an offering not involving a public offering.
Second Step Equity Increase and Redomiciliation in the US
Second Step Equity Increase and Redomiciliation in the USFebruary 1, 2022
In the second step of the capital transaction, further funds were invested in RM2 via existing shareholders and a new institutional investor and in a share exchange transaction with the principal shareholders of RM2, shares of RM2 were exchanged for shares in a Utah company traded on the OTC Pink Sheets. Consequently, the new parent company of RM2 is domiciled in the US.