Newtown, PA, November 19, 2014 – Helius Medical Technologies, Inc. (CSE: HSM) (“HMT”, “Helius” or the “Company”) a medical technology company focused on the treatment of neurological symptoms caused by disease or trauma, announced the appointment of Edward M. Straw as a new Director effective November 18, 2014 to fill the vacancy created by the resignation of Amanda Tseng who resigned on November 17, 2014.
The Company expresses its appreciation to Ms. Tseng and thanks her for her invaluable contribution as a director. Ms. Tseng will continue in her role as Chief Financial Officer for the Company.
The board of directors of the Company currently consists of Philippe Deschamps, Yuri Danilov, Mitch Tyler, Edward M. Straw and Savio Chiu.
Vice Admiral Edward M. Straw, US Navy (Retired)
Admiral Straw is the founder and managing partner of Osprey Venture Partners—a firm that finds investment capital and assists with business development for start-up entrepreneurs. He is the retired President, Global Operations of The Estee Lauder Companies, and currently sits on the boards of the following companies: Performance Equity Management, Odyssey Logistics, Capital Teas and Document Capture Technologies. He is also the Chairman of Odyssey Logistics. Prior to joining the Estee Lauder Companies, he was Senior Vice President, Global Manufacturing and Supply Chain Management at the Compaq Computer Corporation in Houston and President of Ryder Logistics in Miami. Prior to joining the private sector, Admiral Straw had a distinguished career in the U.S. Navy, retiring as a three-star admiral in 1996.
About Helius Medical Technologies (HMT)
Helius Medical Technologies is a medical technology holding company focused on neurological wellness. HMT seeks to use unique and non-invasive platform technologies that amplify the brain’s ability to heal itself. HMT intends to file for U.S. Food and Drug Administration clearance for the PoNS™ device. For more information, please visit www.heliusmedical.com.
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Safe Harbor Statement
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The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company assumes no obligation to update the forward-looking statements except as required by applicable law.