Brian Crowley to Step Down as Bsquare's President and CEO; Board Member Jerry Chase to Serve as Interim CEO

Brian Crowley to Step Down as Bsquare's President and CEO; Board Member Jerry 
Chase to Serve as Interim CEO 
BELLEVUE, WA -- (Marketwired) -- 09/23/13 --   BSQUARE Corporation
(NASDAQ: BSQR), a leading enabler of smart, connected systems, today
announced that Brian Crowley will be stepping down as the Company's
President and Chief Executive Officer and member of the Company's
Board of Directors. Mr. Crowley's resignation from the Board of
Directors is effective immediately while his resignation as President
and CEO will be effective September 30, 2013. He will support the
Company as a consultant through its leadership transition. 
Brian Crowley has served as the Company's President and Chief
Executive Officer and as a director since July 2003. From April 2002
to July 2003, Mr. Crowley served as the Company's Vice President,
Product Development. "Brian has led our company for a decade and we
sincerely appreciate his outstanding service and commitment," said
Andrew Harries, Chairman of Bsquare's Board of Directors. "We wish
him every success in his future endeavors and Bsquare will benefit
from his support as a consultant through our leadership transition." 
Jerry Chase, who joined the Bsquare Board of Directors on July 1,
2013, assumes the role of interim Chief Executive Officer of the
Company effective upon Mr. Crowley's departure, and will serve in
that capacity while the Company's Board of Directors conducts a
comprehensive search for a permanent CEO.  
Jerry Chase has considerable public company leadership experience.
From February 2008 to June 2011, Mr. Chase served as CEO and director
of Lantronix (LTRX), a publicly traded provider of secure software,
and embedded and external hardware solutions. Mr. Chase was
previously CEO and director of Terayon (TERN), a publicly traded
cable, satellite and telecom supplier of digital video networking
applications, from September 2004 to July 2007. Prior to serving as
the CEO of Terayon, he held leadership roles in several digital video
and networking systems companies. Mr. Chase is a former United States
Marine Corps Officer and holds an MBA from Harvard Graduate School of
Business Administration and a BS in Business Administration, Magna
Cum Laude from East Carolina University. Mr. Chase currently serves
as a board member of East Carolina University's BB&T Center for
Leadership Development.  
In conjunction with his appointment as the interim CEO, Mr. Chase
will no longer serve on the Company's Audit and Governance and
Nominating Committees. Mr. Harries will replace Mr. Chase on the
Audit Committee while Mr. Chase's seat on the Governance and
Nominating Committee will remain vacant at this time. 
About BSQUARE Corporation
 Bsquare, a global leader in embedded
solutions, applies experience and expertise on leading platforms to
create new connections with customers, new business models and to
enable new ways of working and communicating. Bsquare serves
customers by forging connections among the partners, people, tools
and technology needed to create smart connected devices. For more
information, visit www.bsquare.com.  
This release contains forward-looking statements within the meaning
of the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Examples of forward-looking statements include,
among others, statements relating to our financial results in future
periods such as anticipated revenue, margins, spending,
profitability, and cash and investments; anticipated levels of
capital expenditures; future market conditions; potential sales or
projects in our pipeline; and expectations for specific customers,
geographies or products. Because forward-looking statements relate to
the future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict and many of
which are outside of our control. Our actual results and financial
condition may differ materially from those indicated in the
forward-looking statements. Therefore, you should not rely on any of
these forward-looking statements. Important factors that could cause
our actual results and financial condition to differ materially from
those indicated in the forward-looking statements include, among
others, the following: whether we are able to maintain our favorable
relationship with Microsoft; changes in customer demand for our
engineering services; the extent to which we are successful in
gaining new long-term relationships with customers and retaining
existing ones; our ability to execute our sales and marketing
strategies for our service offerings, third-party products, and our
proprietary products; our ability to execute our international
expansion strategies; our success in leveraging strategic partnering
initiatives with companies such as Qualcomm; our management of risks
associated with protection of intellectual property and potential
infringement claims; our success in integrating acquisitions; our
ability to hire and retain key personnel; and such other risk factors
as discussed in our most recent Annual Report on Form 10-K and other
filings with the SEC. Any forward-looking statement made by us in
this release is based only on information currently available to us
and speaks only as of the date on which it is made. Except as may be
required by law, we undertake no obligation to publicly update any
forward-looking statement, whether written or oral, that may be made
from time to time, whether as a result of new information, future
developments or otherwise. 
BSQUARE is a registered trademark of BSQUARE Corporation.  
Bsquare Contact: 
Scott Mahan 
BSQUARE Corporation 
+1 425.519.5900 
investorrelations@bsquare.com  
Investor Contact:
Brett Maas
Hayden IR
+ 1 646.536.7331
Brett@haydenir.com 
 
 
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