Intelligent Ultrasound Group plc
(the "Group" or the "Company")
Directorate Change
Intelligent Ultrasound Group plc (AIM: IUG), the 'classroom to clinic' ultrasound company, specialising in artificial intelligence (AI) software and simulation, announces that Ian Whittaker, who has served as an Executive Director and Chief Operating Officer (COO) since joining the Group on the acquisition of Inventive Medical Ltd in August 2016, will not be seeking re-election to the Board of Directors at the 2023 Annual General Meeting (AGM). Ian has also announced his intention to retire from his position as COO on 31 December 2023 but will remain with the Group in a part time capacity to assist on projects, as required.
The Board extends its thanks to Ian for his commitment and invaluable contribution to significantly growing the simulation revenue and profitability over the last seven years and wishes him continued success in his business and personal endeavours.
For further information, please contact:
| Intelligent Ultrasound Group plc | www. intelligentultrasound.com | ||||
| Stuart Gall, CEO | Tel: +44 (0)29 2075 6534 | ||||
| Helen Jones, CFO | | ||||
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| Cenkos Securities - Nominated Advisor and Broker | Tel: +44 (0)20 7397 8900 | ||||
| Giles Balleny / Max Gould (Corporate Finance) | | ||||
| Michael Johnson / Julian Morse (Sales) | | ||||
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| Walbrook PR | Tel: +44 (0)20 7933 8780 or intelligentultrasound@walbrookpr.com | ||||
| Anna Dunphy | Mob: +44 (0)7876 741 001 | ||||
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ABOUT INTELLIGENT ULTRASOUND GROUP
Intelligent Ultrasound (AIM: IUG) is one of the world's leading 'classroom to clinic' ultrasound companies, specialising in real-time hi-fidelity virtual reality simulation for the ultrasound training market ('classroom') and artificial intelligence-based clinical image analysis software tools for the diagnostic medical ultrasound market ('clinic'). Based in Cardiff in the UK and Atlanta in the US, the Group has two revenue streams:
Simulation
Real-time hi-fidelity ultrasound education and training through simulation. Our main products are the ScanTrainer obstetrics and gynaecology training simulator, the HeartWorks echocardiography training simulator, the BodyWorks Eve Point of Care and Emergency Medicine training simulator with Covid-19 module and the new BabyWorks Neonate and Paediatric training simulator. To date over 1,450 simulators have been sold to over 700 medical institutions around the world.
Clinical AI software
Deep learning-based algorithms to make ultrasound machines smarter and more accessible using our proprietary ScanNav ultrasound image analysis technology. Current products on the market utilising this technology are GE Healthcare's SonoLyst software that is incorporated in their Voluson Expert 22 and SWIFT ultrasound machines; ScanNav Anatomy PNB that simplifies ultrasound image interpretation by providing the user with real-time AI-based anatomy highlighting for a range of ultrasound guided regional anesthesia procedures; and NeedleTrainer that teaches real-time ultrasound-guided needling and incorporates ScanNav Anatomy PNB.
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