BETHESDA, Md., Jan. 30 /PRNewswire-FirstCall/ -- Hanger Orthopedic Group,
Inc. (NYSE: HGR) named Jeff Martin the President of its wholly-owned subsidiary,
Innovative Neurotronics, Inc. (IN, Inc.).
Previously serving as Vice President and Managing Director of IN, Inc. since
its inception in February 2004, Martin successfully brought the company's first
product, the WalkAide(R), from concept through technical design, manufacturing
feasibility, regulatory approval, and clinical trials, to commercialization. As
President, Martin will have P&L responsibility for the company's total
business operations and will direct the expansion of the company's product
"Under Jeff's direction, Innovative Neurotronics successfully demonstrated
its ability to convert new technologies into viable products to improve the
lives of patients," Hanger President and COO Thomas Kirk said. "We are confident
Jeff's vision and leadership will establish IN, Inc. as the premiere company
delivering neuromuscular products for patients suffering from various muscle
Specializing in the field of functional electrical stimulation, IN, Inc.
identifies emerging Myo-Orthotics Technologies(R) developed at research centers
and universities throughout the world that use neuromuscular stimulation to
improve the functionality of an impaired limb. Myo-Orthotics Technology
represents the merging of orthotic technology with electrical stimulation.
Working with the inventors, IN, Inc. advances the design and manufacturing, the
regulatory and clinical aspects of the technology, and then introduces the
devices to the marketplace through a variety of distribution channels.
"Hanger's mission has always been to restore the mobility and independence of
our patients," Martin said. "Myo-Orthotics Technology advances that goal by
offering patients who would typically wear a brace to simply stabilize a
weakened limb, the advantage of actually using that limb in a natural,
controllable manner. I am very enthusiastic about Hanger's potential in this
revolutionary clinical area."
Martin brings 25 years of marketing and business management experience. He
joined Hanger in 1995 as the Vice President of its managed care network and then
advanced to Vice President of Product Development. Prior to his tenure with
Hanger, Martin held various marketing positions of increasing responsibility
within the O&P profession. He is a 1978 graduate of the Ohio State
University. Martin will continue to report to Kirk.
About Hanger Orthopedic Group, Inc.:
Hanger Orthopedic Group,
Inc., headquartered in Bethesda, Maryland, is the world's premier provider of
orthotic and prosthetic patient care services. Hanger is the market leader in
the United States, owning and operating 618 patient care centers in 45 states
including the District of Columbia, with 3,405 employees including 1,017
practitioners. Hanger is organized into four units. The two key operating units
are patient care which consists of nationwide orthotic and prosthetic practice
centers and distribution which consists of distribution centers managing the
supply chain of orthotic and prosthetic componentry to Hanger and third party
patient care centers. The third is Linkia which is the first and only provider
network management company for the orthotics and prosthetics industry. The
fourth unit, Innovative Neurotronics, introduces emerging neuromuscular
technologies developed through independent research in a collaborative effort
with industry suppliers worldwide. For more information on Innovative
Neurotronics, Inc. visit http://www.ininc.us. For more information on Hanger,
Certain statements included in this press release are forward looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995. Please refer to the Company's SEC filings for factors that could cause
actual results to differ materially from the Company's expectations.
Contact(s): Jason Owen, 301-986-0701, firstname.lastname@example.org
Jennifer Bittner, 301-280-4869, email@example.com
SOURCE Hanger Orthopedic Group, Inc.
CONTACT: Investor Relations: Jason Owen, +1-301-986-0701,
Media: Jennifer Bittner, +1-301-280-4869,
of Hanger Orthopedic Group