MedicalCV Announces Addition of Industry Experts to ATRILAZE(TM) Research & Development Team
26 Mayo 2005 - 11:20AM
PR Newswire (US)
MedicalCV Announces Addition of Industry Experts to ATRILAZE(TM)
Research & Development Team Company Takes Proactive Steps to
Enhance Strategic Growth MINNEAPOLIS, May 26 /PRNewswire-FirstCall/
-- MedicalCV, Inc. (OTC:MDCV) (BULLETIN BOARD: MDCV) ,
http://www.medcvinc.com/ , a cardiovascular surgery device
manufacturer, announced today the addition of Gregory G. Brucker,
Ph.D., and Kenneth W. Grace, Ph.D. to the research &
development team. "Dr. Brucker is a highly-respected expert in the
field of laser physics. As our Principal Scientist, he brings over
15 years of experience working with laser energy and 20 years of
experience in the development of medical devices," said Adam L.
Berman, Vice President of Research & Development. "His
expertise in arrhythmia ablation technologies will be invaluable in
our ongoing product development and market validation initiatives."
"Dr. Grace has over 16 years of experience in the design of complex
robotic systems and micromanipulators applied to cardiac and
ophthalmic surgery. As our Principal Design Engineer, Dr. Grace
will be instrumental in the development and evolution of laser
delivery mechanisms for the stand- alone, minimally invasive
(closed-chest, beating heart) surgical procedure of the future,"
continued Berman. "The addition of these two highly qualified
individuals to the research & development team is a testament
to the strong scientific foundation being established at MedicalCV.
We are excited by the addition of such strong talent as the market
validates that coherent laser is the "ideal" energy source for
cardiac tissue ablation as a potential means to treat atrial
fibrillation," said Marc P. Flores, President and CEO. About
MedicalCV, Inc. MedicalCV, Inc., a cardiovascular surgery device
manufacturer, which focuses on the development and introduction of
products designed to improve patient outcomes through the early
treatment of cardiovascular disorders and disease specifically,
products used by cardiac surgeons to ablate cardiac tissue as a
potential means to treat atrial fibrillation. The Company's core
technology is the ATRILAZE(TM) Surgical Ablation System for use in
cardiac tissue ablation procedures in open-heart surgery. The
Company acquired this technology in August 2003 and received its
FDA 510(k) clearance in November 2004. The ATRILAZE(TM) system is
now available commercially for concomitant open-heart surgical
procedures. The Company's common stock is traded on the OTC
Bulletin Board under the symbol "MDCV." For further information on
MedicalCV, Inc., please visit http://www.medcvinc.com/ . You may
register to receive MedicalCV's future press releases and to be
added to the Company's distribution list by visiting:
http://www.roiny.com/form.php . This release contains certain
forward-looking statements of expected future developments, as
defined in the Private Securities Litigation Reform Act of 1995.
The forward-looking statements in this release refer to our
expectations regarding disposition of our heart valve business,
operating improvements, development of atrial fibrillation product
and minimally invasive treatment of atrial fibrillation. These
forward-looking statements reflect management's expectations and
are based on currently available data; however, actual results are
subject to future risks and uncertainties, which could materially
affect actual performance. Risks and uncertainties that could
affect such performance include, but are not limited to, the
following: the Company's ability to fund significant capital needs;
market acceptance in the U.S. of the Company's cardiovascular
products; acceptance of minimally invasive techniques for the
reduction of atrial fibrillation through ablation; potential
reductions in pricing by competitors; the costs of licensing and
acquiring new products and technologies; the time and costs
involved in obtaining regulatory clearance for cardiovascular
products; competing technological and market developments;
physician acceptance of the Company's cardiovascular products;
dependence upon governmental reimbursements and third party
supplies; and the strength of the market for cardiovascular
products. For more detailed information about these risks and
uncertainties, please review the Company's Annual Report on Form
10- KSB for the fiscal year ended April 30, 2004 and our 8-K report
filed with the Securities and Exchange Commission on May 17, 2005
These events and uncertainties are difficult or impossible to
predict accurately and many are beyond the Company's control. The
Company assumes no obligation to publicly release the results of
any revisions that may be made to any forward-looking statements to
reflect events or uncertainties after the date of such statements
or to reflect the occurrence of anticipated or unanticipated
events. DATASOURCE: MedicalCV, Inc. CONTACT: Adam L. Berman, Vice
President, Research & Development of MedicalCV, Inc.,
+1-651-452-3000, , or Investors: Robert Giordano, President,
+1-212-495-0200, ext. 10, , or Sarah Shepard, Vice President,
+1-212-495-0200, ext. 17, , both of ROI Group Associates, Inc. Web
site: http://www.roiny.com/form.php http://www.medcvinc.com/
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