TeraRecon Elects New Board of Directors and Reorganizes Management Team, Appointing Founder Motoaki Saito, M.D., Ph.D as Chairman and CTO, and Appointing Robert Taylor, Ph.D. as President and CEO
| Source: TeraRecon, Inc.
SAN MATEO, CA--(Marketwire - April 5, 2009) - TeraRecon, Inc. (www.terarecon.com), a leader
in innovative imaging processing technology and advanced decision support
and 3D visualization solutions, today announced the election of a new board
of directors at its annual meeting of the shareholders, held on March 31st,
2009. The elected directors are TeraRecon Founder Motoaki Saito, M.D.,
Ph.D., Robert James Taylor, Ph.D., Fumio Urano, Shigeyuki Watanabe and
Matthew James Ostrander. Biographies for each director can be found on the
company's website.
On April 1st, 2009, the newly elected board of directors met and appointed
company Founder and serving Chief Executive Officer Motoaki Saito, M.D.,
Ph.D., as Chairman and Chief Technology Officer. Robert Taylor, Ph.D, the
serving President and Chief Operating Officer was appointed President and
Chief Executive Officer.
Motoaki Saito said, "It is my greatest pleasure as a Founder and Chairman
of the company to appoint Robert Taylor as President and CEO with the
unanimous consent of the Board of Directors. I have prepared for this
transition for several years, and have finally come to this important
point, after 12 years service as CEO since the company was founded. Robert
has already demonstrated his talent, passion and capability for many years,
and he has served as president for the past 14 months. It is natural for
him to now become the new leader of TeraRecon, to pursue the next decade of
growth. Now, I am looking forward to resuming my original role of
visionary, to imagine new possibilities and to create each new technology
platform to bring the vision to reality, this time as CTO. To date, we have
been working so hard to strengthen our current Aquarius iNtuition platform,
and from now, I will to lead further engineering excellence for iNtuition,
as well as the next great innovation which will follow."
Robert Taylor said, "Today's environment, while challenging in many
aspects, represents a great opportunity for TeraRecon. Our company's
mission has long been to improve the quality and effectiveness of care
through the application of the most advanced technology, while reducing its
cost. Today more than ever, we see that this goal is well-aligned with the
newly stated goals of the U.S. administration, and we believe the same
trend will continue to develop in our other key markets around the world,
especially including Japan and Europe. I am confident that with the strong
support our shareholders have demonstrated in the election of a very
capable, experienced and committed Board of Directors, TeraRecon will be
able to go from strength to strength in the coming months and years, as we
continue to contribute to a new global standard of care, with world-leading
innovation in the most advanced healthcare information technology. Motoaki
and the Board have stated a strong commitment to the company's vision and
given clear direction regarding the path forward, and I am at once honored
and challenged to be appointed at TeraRecon's chief executive for this next
phase of the company's growth, a challenge that I welcome and embrace, on
behalf of the company's shareholders, employees, customers and all the
patients in their care."
About TeraRecon, Inc. (www.terarecon.com)
TeraRecon, Inc., a leader in advanced image processing and 3D visualization
techniques, provides advanced imaging systems for medical and other
visualization applications based on its unique and patented image
processing technologies. A four-time winner of Frost and Sullivan awards,
the company has developed a leading portfolio of products that advance the
performance, quality, functionality, and integration of image processing
and 3D visualization systems. Founded in 1997, TeraRecon has developed a
unique family of powerful processors that are used in its real-time,
enterprise-wide image processing solutions. TeraRecon is a privately held
company with headquarters in San Mateo, CA, European headquarters in
Frankfurt, Germany, and branch offices in Concord, MA; Tokyo, Japan and
Osaka, Japan.