Veteran Tech Leader Brings 25-Plus Years of IT, Cybersecurity, and AI Experience to Modernize Platforms and Strengthen Security
DENVER, Colo., Aug. 25, 2026 /PRNewswire/ -- Spinnaker Support, the third-party software support leader entrusted by 1,300+ global clients, today announced the appointment of Rex Young as Chief Information Officer (CIO). Reporting to CEO Matt Stava, Young will lead Spinnaker's global technology strategy as the company expands to meet the accelerating global demand for Oracle, SAP, VMware, and PostgreSQL support.
Young's mandate centers on modernizing the company's technology platforms, strengthening its data and analytics capabilities, and enhancing cybersecurity. That work extends to Spinnaker's AI strategy, building on tools like Navigator and Spinnaker Intelligence to speed issue resolution while hardening the security posture for every department. He will also partner closely with other leaders across the company to use technology in ways that improve operational efficiency, support customers, and enable smarter, data-driven decision-making.
"Our core technology capabilities shape how we operate and serve our customers," said Matt Stava, CEO of Spinnaker Support. "Rex has spent his career turning complex technology environments into engines for growth. His experience modernizing platforms, strengthening security, and putting data and AI to work will help us deliver more for our customers."
Young brings more than 25 years of executive technology leadership experience, including roles with private equity-backed software and technology companies. He most recently served as CIO and Chief Information Security Officer (CISO) at SambaSafety, where he led enterprise IT, information security, digital transformation, AI enablement, and large-scale modernization initiatives that supported the company's growth. Earlier in his career, he served as CIO at LogRhythm.
"Spinnaker is growing fast, and that growth has to be matched by technology that scales with it," said Young. "My focus is on simplifying how the business runs, so AI can do more than automate tasks. Done right, it strengthens security instead of expanding the attack surface, and gives our engineers faster answers instead of more noise. And this isn't just internal IT. I want us building technology our customers benefit from directly, not only what keeps the lights on behind the scenes. That's the foundation I want under Spinnaker as we grow. I look forward to partnering with Matt and the leadership team at a stage where the business has real momentum."
Spinnaker carries a 94% customer satisfaction rating and support teams averaging more than 20 years of enterprise engineering experience. The last 12 months have brought a series of significant milestones:
- Revenue growth: Spinnaker is sustaining double-digit growth as enterprises increasingly turn to independent support for greater control and flexibility. Demand continues to accelerate across Oracle, SAP, and VMware practices, with expansion across both new and existing global customers.
- South Africa expansion: In March 2026, Spinnaker opened its South Africa office in partnership with African Rainbow Capital, establishing a regional delivery and engineering hub and extending the company's global reach across Africa and sub-Saharan regions.
- VMware division growth: In response to Broadcom's subscription licensing changes, the VMware practice has signed dozens of enterprise clients and announced indefinite support for organizations running vSphere 7 past Broadcom's October 2025 end-of-support deadline.
About Spinnaker Support
Spinnaker Support delivers independent third-party support and expert services for Oracle, SAP, VMware, and PostgreSQL environments. Its global support and maintenance, and open-source modernization solutions help organizations run, optimize, and transform enterprise technology environments. It empowers customers to reduce vendor dependency and align technology strategies with business objectives. Spinnaker Support is trusted worldwide, including in highly regulated industries, giving organizations greater choice, control, and flexibility to unlock long-term value and transformation. For more information: www.spinnakersupport.com. Follow Spinnaker on LinkedIn.
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Spinnaker Support Names Rex Young Chief Information Officer as Company Scales Global Operations
NEW YORK, Aug. 25, 2026 /PRNewswire/ -- Londian Wason New Energy Technology Group (NYSE: FOIL), a global manufacturer of electrodeposited copper foil for electric vehicle batteries and printed circuit boards, completed its initial public offering on the New York Stock Exchange on August 12, 2026. With an operating history spanning more than two decades, the company's strategic value is being redefined as the global computing race shifts from chip performance to upstream critical materials.
Investors signaled strong confidence in the industry leader on its trading debut. Londian Wason's shares opened higher and surged to an intraday peak of $28.49 before closing at $24.50. The stock posted an 11.36% gain on its first day of trading.
As mainland Chinese manufacturers shift production toward high-end HVLP and ultra-thin foils, Londian Wason is positioned at the intersection of two structural growth drivers: global clean-energy electrification and AI computing infrastructure expansion. Markets frequently label the company strictly as a "battery materials supplier". This label understates Londian Wason's core strength in precision manufacturing of advanced copper-based materials, covering both ultra-thin lithium-ion battery foils and low-roughness PCB foils. Such manufacturing capability has taken on heightened strategic value in the AI era. Goldman Sachs projects demand for HVLP copper foil to expand at a 97% compound annual growth rate, with AI-server-driven demand jumping more than sixfold between 2025 and 2028. Londian Wason's proprietary HVLP foil achieves a surface roughness below 0.6μm, while its RTF foil registers under 1.5μm, supplying 5G communications, AI servers, and high-speed data centers. Meanwhile, rising global EV adoption and energy‑storage deployments continue to anchor baseline demand for lithium‑battery copper foil. Benefiting from dual growth curves—a stable base in electrification alongside high-margin upside from AI infrastructure—Londian Wason has expanded its top-line revenue and bottom-line profits, driving a valuation re-rating from a traditional materials supplier toward a core technology hardware supply chain play.
Londian Wason enters this upcycle with a strong financial profile. In 2025, the company topped global lithium‑ion battery copper‑foil sales at 111,985 metric tons. For the first quarter ended March 31, 2026, revenue rose 113.71% year-over-year to RMB 4.07 billion, while net profit reached RMB 134.5 million. While the broader copper foil sector has rebounded from its downturn, Londian Wason outperforms regional peers on both scale and profitability. South Korea's Lotte Energy Materials posted Q1 2026 revenue of KRW 159.8 billion (up 1.2% YoY) and remained in an operating loss. Solus Advanced Materials recorded Q1 revenue of KRW 192.6 billion (up 22.2% YoY) but also stayed unprofitable. In Japan, Mitsui Mining & Smelting generated JPY 21.0 billion in Q1 copper foil sales—up 37.1% YoY on AI-driven PCB demand—though group-wide growth remained limited. Londian Wason's market leading position and global operational footprint allow it to maximize capacity utilization and benefit materially from the cyclical industry recovery.
Behind these financial results lies a high barrier to entry rooted in precision manufacturing. Electrolytic copper foil production involves dozens of chemical and physical processes, including additive formulations, solution purification, current density control, and surface modification. Over years of high-volume production, Londian Wason has accumulated proprietary process parameters and formulas which cannot be easily replicated through capital expenditure alone. These strengths secure its long‑term advantages in production yield and product consistency.
Meanwhile, Londian Wason has built a top-tier global client ecosystem with key partners including LG Energy Solution, Panasonic Industrial Devices, and Samsung SDI. Londian Wason has partnered with LG for over a decade, earning its "S-Class Supplier" designation in 2024. It also maintains a 12-year supply relationship with Panasonic, a core partner in NVIDIA's high-performance computing supply chain. Deep integration within global computing and new-energy networks made an NYSE listing a natural strategic step, granting direct access to international capital and multinational clients. What supports this global expansion is a sector-leading annual design capacity of 180,500 metric tons as of year-end 2025 across seven domestic production bases, capable of supplying a full spectrum of battery and PCB foils. For Londian Wason, the NYSE listing is more than a financing milestone. It marks a key step toward deeper overseas local‑capacity build‑outs and strengthens its global‑competitive position across both international capital and industrial landscapes.
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Londian Wason Leads Global Advanced Copper Foil Sector, Dual Growth Engines Anchor Long-Term Value
