To date, Intelligent Ultrasound has used the whole board to consider matters of nomination.
This morning, the company said that given its ‘current maturity and the nature of its current board composition’, that it is establishing a more focused Nomination Committee to lead its process for appointments and oversee the development of a diverse pipeline for succession.
As set out in the QCA's Corporate Governance Code, the Committee will seek "to identify the skills, experience, personal qualities and capabilities required for the next stage in the company's development, linking the company's strategy to future changes on the board.”
As required by the Code, details of the Terms of Reference for the Intelligent Ultrasound Nomination Committee can be found on the Company's website, the group told investors.
Shares in Intelligent Ultrasound have climbed over 21% over the past three months from 10.75p to open today at 14.25p.
Commenting on the formation, Riccardo Pigliucci, Non-Executive Chairman, said:
"Intelligent Ultrasound is transitioning from the typical Founders and Venture driven company to a more mature public entity and as such it is time to reconfigure our Board to comply with both the independence and the seniority requirement of today's public companies.”
He added, “I look forward to updating investors over time on new independent non-executive director appointments and Board changes as they become effective."
Launch of Heartworks AR
Earlier this month the Company released its proprietary Heart Augmented Realty (“Heartworks AR)” simulator.
Heartworks AR, is the new version of the Company’s proprietary cardiac training platform built with Augmented Reality (‘Heartworks AR’) where educators can train students using fully interactive and accurate 3D heart models in 1-2-1, small groups and lecture theatres settings worldwide, in addition to self-directed learning.
The interactive Heart model enables the complete selection of standard imaging planes for Transesophageal echocardiography (TEE) and Transthoracic echocardiogram (TTE) views in real time within the 3D heart, essential when teaching echocardiography.
Furthermore, HeartWorks AR is not just an engaging learning tool, it can also be used to facilitate discussions between heart specialists and clinicians as well as helping heart specialists worldwide easily demonstrate cardiac anatomy to patients on a tablet.
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