Smith Micro Appoints Tim Huffmyer as New Chief Financial Officer

ALISO VIEJO, Calif.–(BUSINESS WIRE)–Smith
Micro Software, Inc.
(NASDAQ:SMSI), today announced the appointment
of Timothy C. Huffmyer as its new Chief Financial Officer, effective
June 19, 2017. Huffmyer joins Smith Micro from Black Box Network
Services, a leading digital solution provider, where he most recently
served as Chief Financial Officer.

“Tim is a proven operational leader who brings extensive background in
financial planning and analysis, as well as valuable enterprise
technology sector expertise,” said William W. Smith, Jr., President and
CEO of Smith Micro Software. “We are excited to welcome him as our new
CFO as we look to Smith Micro’s next phase of development and growth.”

Huffmyer served as CFO of Black Box Network Services since 2012, and
previously held several positions within the company reflecting a series
of promotions that include Director of Finance and Corporate Controller.
Prior to joining Black Box in 2003, Huffmyer served in various financial
leadership and accounting roles at Ernst & Young, PrintCafe, Inc.,
CoManage Corporation and ITPI Staffing.

Mr. Huffmyer will succeed Steven Yasbek, who has served as Smith Micro’s
Chief Financial Officer since 2014, who has concurrrently resigned to
pursue other interests.

Mr. Smith added, “I want to thank Ziggy for his many contributions to
Smith Micro since joining the company in 2008. We wish him the best in
all his future endeavors.”

About Smith Micro Software, Inc.

Smith Micro develops software to simplify and enhance the mobile
experience, providing solutions to some of the leading wireless service
providers, device manufacturers, and enterprise businesses around the
world. From optimizing wireless networks to uncovering customer
experience insights, and from streamlining Wi-Fi access to ensuring
family safety, our solutions enrich today’s connected lifestyles while
creating new opportunities to engage consumers via smartphones. Our
portfolio also includes a wide range of products for creating, sharing
and monetizing rich content, such as visual messaging, video streaming,
and 2D/3D graphics applications. For more information, visit
smithmicro.com. (NASDAQ:
SMSI
).

Safe Harbor Statement:

This release contains forward-looking statements that involve risks
and uncertainties, including without limitation, forward-looking
statements relating to the company’s financial prospects and other
projections of its performance, the existence of new sales opportunities
and interest in the company’s products and solutions, the company’s
ability to increase its revenue by capitalizing on new opportunities,
and customer concentration given that the majority of our sales depend
on a few large client relationships, including Sprint. Among the
important factors that could cause actual results to differ materially
from those expressed or implied in the forward-looking statements are
changes in demand for the company’s products from its customers and
their end-users, new and changing technologies, customer acceptance and
timing of deployment of those technologies, and the company’s ability to
compete effectively with other software and technology companies. These
and other factors discussed in the company’s filings with the Securities
and Exchange Commission, including our filings on Forms 10-K and 10-Q,
could cause actual results to differ materially from those expressed or
implied in any forward-looking statements. The forward-looking
statements contained in this release are made on the basis of the views
and assumptions of management regarding future events and business
performance as of the date of this release, and the company does not
undertake any obligation to update these statements to reflect events or
circumstances occurring after the date of this release.

Smith Micro and the Smith Micro logo are registered trademarks or
trademarks of Smith Micro Software, Inc. All other trademarks and
product names are the property of their respective companies.

Contacts

PR INQUIRIES:
Smith Micro Software, Inc.
Charles
Messman, +1 949-362-5800
PR@smithmicro.com