SCWorx Corp. appointed Vincent M. Matozzo, an individual, as an independent member of the Board of Directors, effective immediately, as a result of Mr. Matozzo?s having successfully passed a background check. Mr. Matozzo was named chair of the Nominating and Corporate Governance Committee, and a member of the Compensation Committee and Audit Committee of the Board of Directors.

There are no family relationships between any director or executive officer of the Company and Mr. Matozzo. Mr. Matozzo is an innovative strategist and leader recognized for driving results through effective supply chain strategies and product innovation. He is a dynamic leader who drives change and delivers results for clients, corporations, and consortiums. He is passionate about automating processes and delivering a superior customer experience while enabling teams. Mr. Matozzo is a subject matter expert in Lean and Agile process modeling, with experience in all aspects of pre-award modeling to post-award monitoring, requisitioning to reimbursement- including data visualization and procurement.

He has expertise in technical execution and supply chain innovation and enjoys deploying initiatives in technology development to continuously improve interoperability and operations. Mr. Matozzo is a featured speaker and expert in supply chain organizational development and business continuity. He is skilled in designing and implementing innovative business models that produce dramatic results.

Mr. Matozzo has served in various supply chain capacities across manufacturing, aerospace, and healthcare at organizations including Yale New Haven Health, Vizient, and NYU Langone Health. On August 18, 2023, the board of directors of SCWorx Corp. received the resignation of John Ferrara, as an independent, outside director of the Company.

Mr. Ferrara resigned for personal reasons. Mr. Ferrara did not advise the Company of any disagreement with the Company on any matter relating to its operations, policies or practices. The Board of Directors accepted Mr. Ferrara?s resignation with immediate effect.