Bethesda, MD - Innovative Neurotronics, Inc. (IN, Inc.), a wholly-owned
subsidiary of Hanger Orthopedic Group, Inc., today announced four additions to
its management and manufacturing teams – a director of manufacturing operations,
director of finance, director of international business development, and a
quality assurance engineer. IN, Inc. is expanding its scope of operations to be
consistent with the demand and potential for the first product in its line of
neuromuscular technologies, the WalkAide® System.
“Our acceptance by the market is a clear indication of the growing interest
in neuromuscular technologies,” IN, Inc. President Jeff Martin said. “With the
successful launch of the WalkAide, we are at the point in our evolution that
additional expertise is justified. Our new executives and engineers bring the
experience and vision necessary to advance the company and its product offerings
in the U.S. and abroad.”
The new members are:
Michael A. Ross – As the director of manufacturing
operations, Ross will be responsible for the manufacturing and production
activities of IN, Inc.’s product offerings, including the WalkAide System.
During his 34 years experience in manufacturing and engineering, Ross served as
vice president of engineering / operations for $1-billion Roper Industries,
$250-million National Instruments, and $24-million Xplore / Aural Technologies.
He brings worldwide supply chain management experience, multi-plant
manufacturing and budgeting experience with domestic and overseas operations,
and 10 years P&L responsibility. Ross earned his MBA and Master of Science
in mechanical / electrical engineering from the University of Texas and his
Bachelor of Science in industrial engineering from Penn State University.
Dan Ruppa – As the director of finance, Ruppa supervises the
general accounting area and is responsible for operations analysis and control,
and the preparation of financial statements and reports. Ruppa brings 31 years
financial systems development, finance management, and business experience. He
has managed cost accounting and financial reporting for a $1-billion site at
Solectron and a $500-million site at Texas Instruments. Ruppa graduated summa
cum laude with his bachelor’s degree from St. Edwards University in Austin,
Richard Eliakim – Eliakim will serve as IN, Inc.’s director
of international business development, responsible for the development and
implementation of international sales strategies. He brings extensive
international sales, marketing, and business experience in the healthcare,
medical device, neuroscience, and pharmaceutical arenas. Eliakim successfully
developed the strategy for certain implants and intensive care product lines in
China, Brazil, Chile, Poland, Turkey, and Russia. He is fluent in Spanish,
French, and English and has a working knowledge of Portuguese and Italian.
Sidney Bennett – Bennett joins IN, Inc. as its quality
assurance engineer. He will coordinate and perform quality assurance and product
development activities according to medical device regulations. He will also
manage incoming inspection and product release activities. As an engineer with a
master’s degree in biomedical engineering and six years progressive experience
in manufacturing and quality engineering environments, Bennett’s background
includes CAD design, FEA analysis, and project management for multimillion
dollar product lines at DePuy Orthopaedics and Encore Medical Corporation.
Sidney received both his master’s degree and his Bachelor of Science degree from
the California Polytechnic State University in San Luis Obispo.
About Innovative Neurotronics, Inc.:
Specializing in the field
of functional electrical stimulation, Innovative Neurotronics, Inc. identifies
emerging Myo-Orthotics Technologies™ developed at research centers and
universities throughout the world that use neuromuscular stimulation to improve
the functionality of an impaired limb. The company’s first product, the
WalkAide® System, earned Frost & Sullivan’s prestigious 2006 U.S.
Orthopedics Product of the Year Award for being particularly innovative and
superior to other offerings in this sector. Innovative Neurotronics, Inc. is a
wholly owned subsidiary of Hanger Orthopedic Group, Inc. (NYSE:HGR), the world’s
largest provider of orthotic and prosthetic (O&P) patient care.
Headquartered in Bethesda, Maryland, Hanger owns and operates 619 patient care
centers in 46 states including the District of Columbia, with 3,471 employees
including 1,034 practitioners (as of 12/31/06). For more information on
Innovative Neurotronics, Inc, visit http://www.ininc.us. For more information on
Hanger, visit http://www.hanger.com.
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.