Whizz Systems, Inc Mutually Agrees to Terminate Stock Purchase Agreement

SAN JOSE, CA. – August 15, 2022 – Whizz Systems, Inc.. (“Whizz”), a California corporation, announced today that it has terminated its previously announced Stock Purchase Agreement with Tempo Automation, Inc. (“Tempo”), a Delaware corporation, by mutual agreement of all relevant parties. As a result, Whizz will continue to operate as a standalone business.

About Whizz Systems, Inc..

Whizz Systems, Inc. is a premier provider of electronic product design, development and assembly manufacturing services. Formed in 1999 as an advanced engineering and high mix low volume EMS services provider, Whizz Systems’ vertically integrated structure is unique within the fast growing electronic design and manufacturing services (EMS) industry. The Whizz team is led by President Muhammad Irfan, and CEO Manny Karim.