So wait.. you don't have a direct quote yourself, you are...

So wait.. you don't have a direct quote yourself, you are quoting a quote of him.

AND you don't have the context of that quote?

Nor do you have his definition of proof of concept.

Furthermore, it appears you have chosen to neglect the actual definition of Proof of concept: "evidence, typically derived from an experiment or pilot project, which demonstrates that a design concept, business proposal, etc., is feasible."

I think you should either email the company and get proof of your assertions, or simply state that it is your opinion, not the CEO's (as that is libel, and yes, this platform has seen litigation against members before) OR and here is a good one, take the announcement and google the defintiions of words, rather than inserting your own bias.