Picomole Instruments Inc.

Picomole Instruments Inc.

November 29, 2012 11:00 ET

Picomole Announces Expansion of Management Team

MONCTON, NEW BRUNSWICK--(Marketwire - Nov. 29, 2012) - Picomole Instruments Inc., the world leader in infrared technologies for breath analysis, announced the hiring of three top executives at its annual general meeting today, building the foundation of a core management team that is expected to lead the company's global sales strategy. Picomole Founder and Chief Executive Officer Dr. John Cormier announced the following appointments:

  • Irene A. Gaudet, B.P.E., Vice-President Marketing & Sales;

  • Harvey M. Saunders, B.A., Vice-President Business Development;

  • Michael D. Tripp, LL.B., LL.L., Vice-President Corporate Development and General Counsel.

Mrs. Gaudet excels in focused, strategic thinking and partnership building, and combines extensive clinical knowledge with 20 years of management experience in sales, marketing and finance of medical products.

Mr. Saunders is a seasoned technology executive with specific operational expertise at coordinating global manufacturing, penetrating international markets and optimizing business profits, growth and success.

Mr. Tripp has significant experience as corporate counsel for several public and private companies, with specific achievements in areas of mergers and acquisitions (M&A), financings, risk management, license agreements and joint ventures.

"Together, these three outstanding individuals combine more than 80 years of professional and executive experience. They have led revenue growth, raised more than $50 million in working capital for their respective companies, and participated in various M&A and IPO-related activities," said Dr. Cormier, "They round out our entrepreneurial team and will help provide the leadership, vision and discipline needed to complete product development and rapidly gain market share."

The company is currently completing its recruitment of a Chief Financial Officer, and plans to announce its decision in January 2013.

About Picomole Instruments Inc.

Picomole is an award-winning Canadian company that has developed a patented technology for the rapid analysis of exhaled breath. Breath analysis has the potential to impact health care on a global scale, as breath tests for life-threatening diseases would be fast, painless, non-invasive, and cost effective. Picomole's technology permits easy sample analysis of hundreds of volatile compounds found in breath at parts-per-billion levels and below within minutes. The key differentiator in Picomole's technology is its ability to move breath analysis from research labs to clinical settings through an easy-to-use, portable device.

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