FBDU Flying Brand

TIDMFBDU

RNS Number : 7681W

Flying Brands Limited

06 August 2018

Flying Brands Limited

("Flying Brands" or the "Company")

Appointment of CEO to the Operating Subsidiaries

Flying Brands Limited (the "Company" or "Flying Brands") is pleased to announce the appointment of Mr. David W.J. Smith as Chief Operating Officer and CEO of the group's two operating businesses, StoneChecker Software and Imaging Biometrics, with immediate effect

David has a 30-year history of successfully building life sciences businesses in Europe and the United States, including Biocompatibles plc where he initiated the ophthalmology and cardiology businesses in a period that saw their sales grow from zero to over GBP40m pa, business development for Carl Zeiss in which he reinvigorated their mature ophthalmology capital equipment business to grow more than 15% pa resulting in sales in excess of GBP150m. In addition, the foundation of California based Tenaxis Medical, where having raised $22m from investors David led the company through product development, built a strong operating team, achieved regulatory approvals and secured the company's first sales. Tenaxis Medical was sold for $178m in 2014.

Trevor Brown, CEO of Flying Brands, commented: "I am delighted to welcome David to Flying Brands. I believe that the Company will benefit greatly from the breadth of his experience, not only from his proven ability to actualize strategic vision into strongly growing revenue, but also from applying his deep knowledge of the US medical market to our growing Artificial Intelligence product portfolio."

The Directors of the Company accept responsibility for the contents of this announcement.

**ENDS**

For further information please contact:

 
 Flying Brands Limited 
  Qu Li/Trevor Brown/Vinod Kaushal 
  Tel: 020 7469 0930 
 Peterhouse Capital Limited (Financial Advisor and Broker) 
  Lucy Williams/Heena Karani 
  Tel: 020 7220 9797 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

STRVXLBBVVFXBBV

(END) Dow Jones Newswires

August 06, 2018 02:00 ET (06:00 GMT)

Flying Brand (LSE:FBDU)
Historical Stock Chart
From Apr 2024 to May 2024

Flying Brand (LSE:FBDU)
Historical Stock Chart
From May 2023 to May 2024