Last checked at 15 Sep 2011 13:52
SCIENTIFIC DIGITAL IMAGING PLC
Appointment of Acting Managing Director
Scientific Digital Imaging ("SDI" or "the Company"), a world leader in the development and manufacture of innovative digital imaging systems for life science and technology applications, announces the appointment of Mike Creedon as its Acting Managing Director.
A Chartered Certified Accountant by training, Mike joined SDI in May 2010 as Finance Director. In this position, he has been part of the leadership team that has implemented many improvements across the Company over the past year.
Mike succeeds Dr Phil Atkin, who stepped down as MD in August 2011, and he brings over 20 years' experience of working within quoted life sciences and technology companies, as well as expertise in fundraisings, mergers and acquisitions to his new role. His experience is underpinned by an MBA from Henley Business School at the University of Reading, one of Europe's leading business schools.
Mike Creedon said: "I'm very pleased to become MD at this crucial stage of SDI's development. The team here is focused and we have some great new products in the pipeline, which will really create a positive revenue stream. I'm certain these two elements will help SDI go from strength to strength."
Harry Tee, SDI's Chairman stated: "We are delighted to have found in Mike the next generation of SDI's leadership. His skill of creating value in technology businesses added to our acknowledged imaging expertise, is a powerful combination. Mike has been working on developing the business strategy for over a year and this gives us continuity at this important time."
FOR FURTHER INFORMATION
Scientific Digital Imaging plc 01223 727144
Harry Tee CBE, Chairman
Mike Creedon
www.scientificdigitalimaging.com
finnCap Limited 020 7600 1658
Sarah Wharry
Charlotte Stranner
Notes to Editors
Scientific Digital Imaging (SDI), formed in 2007 is a company that focuses on providing digital imaging technology for the scientific community. The principal subsidiary is the Synoptics Group (Syngene, Synbiosis and Syncroscopy), which designs and manufactures systems for use in the life sciences. In October 2008, SDI also acquired the entire share capital of Artemis and Perseu, companies (now known as "Atik"). Atik designs and manufactures highly sensitive cameras for both astronomical and life sciences applications.
SDI, based in Cambridge, UK, is funded by private equity and venture capital. The company intends to acquire other firms that can contribute one or more key elements to SDI including an in-depth understanding of the applications in the marketplace, the ability to engineer complete systems to address such applications and the provision of key, high-performance components such as cameras.