TechniScan, Inc. Welcomes Barry Hanover as COO; William Varley as VP, Marketing & Sales, and Matthew Warnock as VP, Intellectual Property.Business Editors/Health and Medical Writers SALT LAKE CITY--(BW HealthWire)--June 17, 2002 Company Completes Development of Prototype Scanner and Begins Phase I Clinical Trials TechniScan, Inc., a developer of new ultrasound-based technology for the earliest stage detection of breast cancer, took steps to support the growth and expansion of the company's business with the additions of Barry K Hanover, 47, as chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. ; William C. Varley, 51, as vice president, marketing and sales, and Matthew Warnock 44, as vice president of intellectual property. Additionally, the company announced the completion of its prototype scanner, called the SafeScan(TM) system, and the commencement of their Phase I Clinical Trials this month. The patented SafeScan system is designed to scan the breast using computational software developed by TechniScan. The software allows image generation using ultrasound inverse scattering and reflection tomography, which are sectional slices like Magnetic Resonance magnetic resonance, in physics and chemistry, phenomenon produced by simultaneously applying a steady magnetic field and electromagnetic radiation (usually radio waves) to a sample of atoms and then adjusting the frequency of the radiation and the strength of the (MRI 1. (application) MRI - Magnetic Resonance Imaging. 2. MRI - Measurement Requirements and Interface. ) and CT imaging. "With our Phase I clinical trials beginning this month and a strong senior management team in place, we are well positioned to develop our product and grow our business," said David Robinson David Robinson or Dave Robinson is a name shared by the following individuals:
Hanover brings more than 20 years of technical and business management experience to TechniScan. Most recently, Hanover served as vice president of surgery engineering for GE OEC OEC Outdoor Emergency Care OEC Oxygen Evolving Complex (photosynthesis) OEC Ohio Environmental Council OEC Office of Environmental Coordination (New York, NY) OEC Oregon Employer Council Medical Systems, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of GE Medical Systems. Prior to its acquisition by GE in 1999, OEC Medical Systems was the world market leader in mobile digital x-ray imaging systems and Hanover was OEC's executive vice president and chief technical officer, responsible for management of its multidisciplinary product development team. "In his new role, Barry will be responsible for all aspects of the company's operations including engineering and manufacturing," according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Robinson. "He has successfully managed large and small product development efforts in companies ranging in size from start-ups to General Electric Corporation, and we are very confident that Barry's experience and expertise in business management and operations, combined with his technical background will allow him to provide significant strategic direction for the company." Varley has more than 20 years of experience in medical imaging. He joins TechniScan from Acuson Corporation, where he served as vice president of worldwide marketing for Cardiology Business Operations. Varley had global responsibility for the marketing efforts of the key cardiology products. As vice president, Varley successfully grew the company's cardiology business from a $12 million start-up to $81 million over a seven-year period, and he was responsible for several high-profile product launches, including the ultra-premium Sequoia echocardiography Echocardiography Definition Echocardiography is a diagnostic test that uses ultrasound waves to create an image of the heart muscle. Ultrasound waves that rebound or echo off the heart can show the size, shape, and movement of the heart's valves and system. Prior to Acuson, Varley served as the general manager of the ultrasound division of Picker International. In his new role, Varley will be responsible for all aspects of the company's marketing and sales operations, including business strategy, corporate communications and worldwide marketing efforts for the launch of the SafeScan(TM) system. Warnock joins TechniScan from Millcreek Ventures Corporation, a company he co-founded and served as president and CEO. The consulting company specialized in startup and early-stage ventures. Prior to Millcreek Ventures, Warnock served as vice president of legal and technology for Aubaine Venture Development, and had a private law practice in the Silicon Valley, where he specialized in commercial law, capitalization, intellectual property and technology licensing. In his new role at TechniScan, Warnock will coordinate inside and outside legal work and the licensing of Techniscan technology for use by others. Hanover is listed as an inventor on 18 U.S. patents in the fields of drug delivery systems, dialysis systems and x-ray imaging apparatus. He holds a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree in Mechanical Engineering from Tufts University and a Masters of Engineering in Mechanical Engineering from the University of Utah The University of Utah (also The U or the U of U or the UU), located in Salt Lake City, is the flagship public research university in the state of Utah, and one of 10 institutions that make up the Utah System of Higher Education. . Varley holds a Masters Degree in Public Administration and a Bachelor of Science Degree in Community Health Education, both from the University of Utah. Warnock holds a Bachelor of Arts degree with honors in English, a Juris Doctorate, and a Masters in Business Administration from Brigham Young University Brigham Young University, at Provo, Utah; Latter-Day Saints; coeducational; opened as an academy in 1875 and became a university in 1903. It is noted for its law and business schools. . About TechniScan, Inc. TechniScan, Inc., founded by Steven Johnson, Ph.D. in 1984 for the purpose of developing and commercializing advanced inverse scatter ultrasound imaging and reflection tomography technology, is based in Salt Lake City, Utah For ships of the United States Navy of the same name, see . Salt Lake City is the capital and the most populous city of the U.S. state of Utah. The name of the city is often shortened to Salt Lake, or its initials, S.L.C. . The company is developing a patented and proprietary technology for the detection of breast cancer at the earliest stages. Called the SafeScan system, the new technology is designed to scan the breast using computational software, which allows image generation using ultrasound inverse scattering and reflection tomography (sectional slices like CT and MRI CT and MRI Two high technology methods of creating images of internal organs. Computerized axial tomography (CT or CAT) uses x rays, while magnetic resonance imaging (MRI) uses magnet fields and radio-frequency signals. Both construct images using a computer. ). The SafeScan system is intended to generate digital images for screening and use in the diagnosis of breast cancer by radiologists. For additional information, please visit www.techniscan.net. SafeScan is a trademark of TechniScan, Inc. |
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