Cycliq Group Limited announced effective today, appointed of Xavier Kris (currently a non- executive director) as Chair of Cycliq. Mr. Kris will lead the Company as it embarks on a process to further leverage the organization's assets in order to accelerate revenues, now that the foundations of the Company and its ongoing research and development are well established. At the same time, Craig Smith-Gander will step down from the board but remain involved in an executive capacity, as Chief Cycling Officer, to ensure the Company's foundations remain strong and assist in the implementation of new opportunities.