RADCOM Ltd. announced that Mr. Zohar Zisapel, co-founder, member of Board of Directors, and a major shareholder, passed away in Tel Aviv on May 19, 2023. Zohar, a co-founder of Company, served as a director since inception in 1985 and as Chairman of the Board until September 2015. He was considered a founding father of Israel's emergence as a technology powerhouse and a pioneer in the Israeli high-tech industry by founding and investing in some of Israel's most cutting-edge technology companies, driving it to its very prominent position in the world.

Zohar was also a philanthropist in education, technology, and science and won the Israel Defense Prize.