For Immediate Release
Press Contact: Griffin Schultz
March 26, 2018
Griffin Schultz Joins Rapid Flow Technologies as CEO
- Schultz’ mix of public and tech sector experience is a great fit for this technology company selling into the public sector.
- Schultz officially joined in March and has been focusing on strategy development and building internal processes to drive and support growth.
- With a Vision of improving lives by using artificial intelligence to re-imagine traffic control, the Rapid Flow team expects to expand over the next several months.
Pittsburgh, PA – Rapid Flow Technologies, an artificial intelligence company focused on re-imagining traffic control, has recently hired Griffin Schultz as its CEO. Mr. Schultz is responsible for helping the company execute its Vision of improving lives by reducing the negative impacts of traffic congestion.
“We couldn’t be more excited about Griffin joining our team,” declared Stephen Smith, co-founder of Rapid Flow Technologies and co-inventor of its core product, Surtrac intelligent traffic signal control. “We are a technology company selling into the public sector, so Griffin’s experience in both of these industries is an ideal fit.”
Prior to getting an MBA (Masters in Business Administration) from the Wharton School at the University of Pennsylvania and then serving in key roles within four technology companies, Mr. Schultz spent most of the 1990’s working in the public sector. He started his career on the staff of a US Congresswoman, then served as a finance staffer on the campaigns of a US Senator and then a US President, and finally, was the Assistant Deputy Mayor for the City of Philadelphia. This public sector experience allows Mr. Schultz to understand the unique requirements of the company’s customers.
After transitioning out of the public sector and receiving his MBA, Mr. Schultz served in key roles at four technology companies, each of which pioneered new markets – FreeMarkets invented the online reverse auction, Ariba revolutionized digital corporate procurement, Tiversa created the P2P (peer-to-peer) cyber security space, and Predictive Solutions was the first company to use machine learning systems to predict workplace injuries.
“I think my public sector and technology experience line up perfectly for this role,” commented Mr. Schultz. “Bust most importantly,” Mr. Schultz added, “the company has an expansive Vision that is compelling and will really help us as we hire and motivate the world-class team we will need to succeed. I am inspired by the opportunity we have to improve lives by re-imagining traffic control.”
Mr. Schultz went on to say that “what Steve and (co-founder) Greg (Barlow) and their team have accomplished so far is really impressive. They have a commercialized product that is reducing traffic congestion by as much as 40% and reducing safety incidents by up to 25% in major cities like Pittsburgh, Atlanta, and Portland, among others. Further, they have been cash flow positive from day one, allowing the company a lot of flexibility and independence going forward.”
Mr. Schultz officially started with the company in March of this year, and has been working with the existing team to design the company’s future strategy, as well as building internal platforms and structure to prepare the company for significant growth.
Rapid Flow Technologies is improving lives by using artificial intelligence to re-imagine traffic control. Based in Pittsburgh Pennsylvania, the company was spun out of Carnegie Mellon University’s Robotics and Traffic21 labs and has been deployed in Pittsburgh, Atlanta, and Portland, among other cities.