Intelligent Ultrasound Group PLC Directorate Change (7287A)

TIDMIUG

RNS Number : 7287A

Intelligent Ultrasound Group PLC

26 May 2023

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                                                     www. intelligentultrasound.com 
 plc 
Stuart Gall, CEO                                                                       Tel: [phone] 
Helen Jones, CFO 
 
 
Cenkos Securities - Nominated Advisor                                                  Tel: [phone] 
 and Broker 
Giles Balleny / Max Gould (Corporate 
 Finance) 
Michael Johnson / Julian Morse 
 (Sales) 
 
 
Walbrook PR                                    Tel: [phone] or [e-mail] 
Anna Dunphy                                                                            Mob: [phone] 
 
 

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.

www.intelligentultrasound.com

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May 26, 2023 02:00 ET (06:00 GMT)