| HydroCision,
Inc. Elects Two New Members to Board of Directors
Andover,
MA, November 17, 2004 HydroCision Inc. today announced
that it has elected two new members to its board of directors
– Lew Bennett and Alastair J.T. Clemow, Ph.D. The two new
members were added to the company’s board to provide in-depth
technical knowledge and industry experience in the spine market,
the company’s primary area of focus. The appointments are
effective immediately.
Mr.
Bennett currently serves on the board of directors of several
organizations including, SpineMark, CoDon and PAS Asset Acquisition.
A 45-year veteran of the medical industry, Lew has held
senior executive positions with companies in the orthopedic
and spine businesses including, Executive Vice President and
Officer-Board Member of NuVasive, Inc.; Executive Vice President
and Corporate Officer of Sofamor Danek (now a division of
Medtronic, Inc.); President of the General Medical Division
of Smith & Nephew; and President of Dillion Manufacturing.
In addition, he was one of the founders of Howmedica (now
Stryker Orthopedics).
“We are delighted that Lew Bennett has agreed to join HydroCision’s
board of directors,” stated Ben Bronstein, M.D., a current
board member and Managing Director at Zero Stage Capital.
"His customer and industry knowledge will be invaluable
to HydroCision as it launches its innovative SpineJet™ products
into the spine market. We are honored to have on our board
an executive of Lew’s experience and stature in the medical
device industry.”
Dr.
Clemow is currently the President and CEO of Nexgen Spine
Inc. He has served in numerous senior management positions
including President & CEO of Gelifex, Inc.; Vice President
of Worldwide New Business Development at Ethicon Endo-Surgery
(a division of Johnson & Johnson); Vice President of New
Business Development, Johnson and Johnson Professional Inc.;
and Director of R&D, Johnson and Johnson Orthopaedics.
Dr. Clemow holds B.Sc. and Ph.D. degrees in Metallurgy from
the University of Surrey, and an MBA in Finance from Columbia
University.
“Alastair Clemow has tremendous technical and clinical knowledge
in the spine and orthopedic businesses”, said Jeff Barnes,
a director and general partner at Oxford Bioscience Partners.
“His knowledge will add real value in assisting the company
to better define its technical and business strategies.
In addition, he will help the Board make the most appropriate
decisions to achieve shareholder value. Dr. Clemow will
be a great addition to HydroCision’s board.”
Tim
Moutafis, HydroCision’s founder and Chief Technology Officer,
has resigned from the board of directors; he will be a board
observer and continue in his role of Chief Technology Officer.
“We look forward to the energy and wisdom that Dr. Clemow
and Mr. Bennett will be adding as members the board ”, stated
Doug Daniels, President and CEO of HydroCision. “Their many
years of experience in the spine business will provide the
organization with the in-depth knowledge and insight to take
the company to the next stage of development. We now have
a world-class spine board to go along with an industry leading
technology. We recognize the extraordinary technical developments
that Tim Moutafis has provided the HydroCision organization.
We look forward to Tim’s continued contribution to technical
advances in the SpineJet products.”
About
HydroCision
HydroCision
(www.hydrocision.com), founded in 1994, is the leading developer,
manufacturer, and marketer of fluidjet based surgical tools.
HydroCision believes its proprietary fluidjet technology
is the basis of a new surgical modality, “HydroSurgery”, because
of its compelling features and versatility. The company is
developing a broad range of fluidjet-based products to meet
the needs of multiple surgical specialties including orthopedics,
spine surgery, wound care, plastic surgery, ENT, and obstetrics
and gynecology.
HydroCision,
SpineJet, and HydroDiscectomy are registered trademarks of
HydroCision, Inc. SpineJet Resector, SpineJet Resector XT,
SpineJet XL, SpineJet MicroResector, The Leader in HydroSurgery,
The Better Way to Operate, and HydroDrive Technology are trademarks
of HydroCision, Inc.
Company
Contacts:
Douglas
J. Daniels
President
& CEO
ddaniels@hydrocision.com
978-474-9300
x136
Joseph
Plante
Vice
President & General Manager
jplante@hydrocision.com
978-474-9300
x135
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