Intelligent Ultrasound Group PLC Formation of Nomination Committee (0924Z)

TIDMMED

RNS Number : 0924Z

Intelligent Ultrasound Group PLC

16 September 2020

Intelligent Ultrasound Group plc

("Intelligent Ultrasound" or the "Company")

Formation of Nomination Committee

Intelligent Ultrasound (AIM: MED), the artificial intelligence (AI) based ultrasound software and simulation company, announces the formation of a Nomination Committee of The Board of Directors.

While to date, Intelligent Ultrasound has used the whole board to consider matters of nomination, given the Company's current maturity and the nature of its current board composition, the Company is establishing a more focused Nomination Committee to lead its process for appointments and oversee the development of a diverse pipeline for succession.

As set out in its chosen governance code, the QCA's Corporate Governance Code (the "Code"), the Nomination Committee will seek "to identify the skills, experience, personal qualities and capabilities required for the next stage in the company's development, linking the company's strategy to future changes on the board"

As required by the Code, details of the Terms of Reference for the Intelligent Ultrasound Nomination Committee can be found on the Company's website www.intelligentultrasoundgroup.com/directors-and-committees

Riccardo Pigliucci, Non-Executive Chairman, said:

"Intelligent Ultrasound is transitioning from the typical Founders and Venture driven company to a more mature public entity and as such it is time to reconfigure our Board to comply with both the independence and the seniority requirement of today's public companies. I look forward to updating investors over time on new independent non-executive director appointments and Board changes as they become effective."

For further information, please contact:

 
Intelligent Ultrasound Group plc                                                   www. intelligentultrasound.com 
Stuart Gall, CEO                                                                         Tel: [phone] 
 Helen Jones, Group Finance Director 
 
Cenkos Securities - Nominated Advisor                                                    Tel: [phone] 
 and Broker 
Giles Balleny / Cameron MacRitchie (Corporate 
 Finance) 
Michael Johnson / Julian Morse (Sales) 
 
Walbrook PR                                      Tel: [phone] or [e-mail] 
Anna Dunphy / Paul McManus                                        Mob: [phone] / Mob: [phone] 
                                                                                                              893 
 
 

About Intelligent Ultrasound Group

Intelligent Ultrasound (AIM: MED) develops artificial intelligence-based clinical image analysis software tools for the diagnostic medical ultrasound market and hi-fidelity virtual reality simulators for the ultrasound training market.

Based in Cardiff in the UK, Atlanta in the US and with representation in Beijing in Asia, the Group operates two divisions:

Clinical AI Division

Focusses on developing deep learning-based algorithms to make ultrasound machines smarter and more accessible. Products in development include ScanNav which uses machine-learning based algorithms to automatically identify and grade ultrasound images to provide scan assessment and audit of protocol-based ultrasound scanning; and AnatomyGuide, which aims to simplify ultrasound-guided needling by providing the user with real-time AI-based needle guidance software for a range of medical procedures.

Simulation Division

Focusses on hi-fidelity ultrasound education and training through simulation. Its three main products are the ScanTrainer OBGYN training simulator, the HeartWorks echocardiography training simulator and the BodyWorks Eve Point of Care and Emergency Medicine training simulator. To date over 900 simulators have been sold to almost 500 medical institutions around the world.

www.intelligentultrasound.com

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September 16, 2020 02:00 ET (06:00 GMT)