Bill Adams to Spearhead Go-To-Market Strategy as Company ships first commercial product to leading US hospital
Patient Safety Technologies, Inc. (AMEX:PST) announced today that its Board of Directors has appointed Bill Adams as Chairman of its wholly owned subsidiary, SurgiCount Medical, Inc. Adams is expected to use his extensive experience in the area of the supply of surgical dressings and new product rollouts to oversee the commercial rollout of the Company’s Safety-Sponge™ product, a retained sponge incident reducing system. The Company announced last week that it had shipped its first commercial product to a leading US hospital.
Adams possesses over 25 years of experience working with healthcare providers and distributors in marketing and selling new products, including prepackaged surgical kits. Adams has been actively involved in the design and development of the Safety-Sponge System for several years.
“I firmly believe SurgiCount Medical will dramatically change the surgical dressing market in the United States,” said Adams. “SurgiCount addresses and solves critical patient safety issues as well as related medical and legal issues involving retained sponges. We believe the SurgiCount Safety-Sponge™ System is going to become the standard of care in the US market as the market continues to shift its focus towards risk management.”
Patient Safety Technologies, Inc. (PST) is a holding company that owns assets in various businesses, including healthcare, real estate and merchant banking. Its healthcare division, SurgiCount Medical, Inc., is a developer and manufacturer of patient safety products and services, working toward becoming the leader in the patient safety sector. SurgiCount’s focus is on surgical safety and its patient safety device, the Safety-Sponge™ System. The Safety-Sponge System is a machine readable surgical sponge that helps in reducing the number of retained sponges and towels in patients during surgical procedures, and allows for faster and more accurate counting of surgical sponges. For more information on Patient Safety Technologies, Inc., please contact the company directly at 310-752-1416, or by email at info@patientsafetytechnologies.com or http://www.patientsafetytechnologies.com.
FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements. These forward-looking statements can generally be identified as such because the context of the statement will include words such as Patient Safety Technologies "expects," "should," "believes," "anticipates" or words of similar import. Stockholders, potential investors and other readers are cautioned that these forward-looking statements are predictions based only on current information and expectations that are inherently subject to risks and uncertainties that could cause future events or results to differ materially from those set forth or implied by the forward-looking statements. Certain of those risks and uncertainties are discussed in the Patient Safety Technologies filings with the Securities and Exchange Commission, including Patient Safety Technologies annual report on Form 10-K and quarterly reports on Form 10-Q. These forward-looking statements are only made as of the date of this press release and Patient Safety Technologies does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
