Intelligent Ultrasound Regulatory News (IUG)

15 August 2022

Intelligent Ultrasound Group plc

("IUG" or the "Company")

Director changes

Intelligent Ultrasound Group plc (AIM: IUG), the 'classroom to clinic' ultrasound company, specialising in artificial intelligence (AI) software and simulation, announces the appointment of Christian Guttmann as a Non-executive Director to its Board of Directors, effective from 15 August 2022. Concurrent with this appointment, Andrew Barker, who has been a Non-executive Director since 2017, has announced his intention to retire from the Board as of 31 December 2022.

Dr Guttmann is a recognised leader in shaping the global agenda on AI regulation and standards, as well as having outstanding AI research, development and AI commercialisation experience. He has edited and authored seven books, over 50 publications and has three patents in the field of AI.

Christian is currently an Executive Director of the Nordic Artificial Intelligence Institute (NAII) and Vice President and Global Head of Artificial Intelligence and Data at TietoEVRY in Sweden. He has built over 100 novel AI systems and products and has been an organiser / steering committee member at major AI conferences. As a founder of the Nordic AI Institute, he advises governments, thinktanks and businesses around the world.

Christian will join the Audit and Risk Committee, effective with his appointment. Andrew will continue as Chair of the Remuneration Committee until 31 December 2022, after which Michele Lesieur will take over Chair of the committee.

Riccardo Pigliucci, Chairman of Intelligent Ultrasound said: "I am delighted that Christian has agreed to join Intelligent Ultrasound as a Non-executive Director. He was an outstanding candidate for the position and his expertise and passion for shaping the future of AI will be a major benefit to the Company as we continue to expand our classroom to the clinic ultrasound business. Christian's vast experience and knowledge of the industry is second to none, and his credentials speak for themselves. He will be an invaluable asset to our Board and we look forward to capitalising on his skillset.

"Separately, I also would like to thank Andrew for his invaluable contribution for the past five years and wish him continued success in his personal and business endeavours."

The following details in relation to the appointment of Christian Guttmann, aged 46, are disclosed in accordance with Schedule 2(g) of the AIM Rules:

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About Intelligent Ultrasound Group

Intelligent Ultrasound (AIM: IUG) is one of the world's leading 'classroom to clinic' ultrasound companies, specialising in real-time hi-fidelity virtual reality simulation for the ultrasound training market ('classroom') and artificial intelligence-based clinical image analysis software tools for the diagnostic medical ultrasound market ('clinic'). Based in Cardiff in the UK and Atlanta in the US, the Group has two revenue streams:

Simulation

Real-time hi-fidelity ultrasound education and training through simulation. Our main products are the ScanTrainer obstetrics and gynaecology training simulator, the HeartWorks echocardiography training simulator, the BodyWorks Eve Point of Care and Emergency Medicine training simulator with Covid-19 module and the new BabyWorks Neonate and Paediatric training simulator. To date over 1,400 simulators have been sold to c. 700 medical institutions around the world.

Clinical AI software

Deep learning-based algorithms to make ultrasound machines smarter and more accessible using our proprietary ScanNav ultrasound image analysis technology. Current products on the market utilising this technology are GE Healthcare's SonoLyst software that is incorporated in their Voluson Expert 22 and SWIFT ultrasound machines; ScanNav Anatomy PNB that simplifies ultrasound-guided needling by providing the user with real-time AI-based anatomy highlighting for a range of medical procedures; and NeedleTrainer that teaches real-time ultrasound-guided needling and incorporates ScanNav Anatomy PNB. 

www.intelligentultrasound.com

NOTE: ScanNav Anatomy PNB is CE approved, but not yet available for sale in the US or any other territory requiring government approval for this type of product.