Ergoresearch announce the nomination of an Executive Vice-President

LAVAL, QC, May 31, 2016 /CNW Telbec/ – Ergoresearch Ltd « Ergoresearch » (TSX Venture Exchange: ERG) is proud to announce the nomination of Mr. Benoit De Villiers as its new Executive Vice-President in the management team of the company.

Mr. Benoît de Villiers has a BAA from HEC and an MBA from the University of Sherbrooke. A seasoned manager, he worked nearly 20 years in the middle of financial institutions as well as within the real estate brokerage self-regulatory organization  OACIQ ), as Vice President, Communications and IT development. More recently he was President and CEO of Recyc-Québec. He was responsible for the management of all operations and led the organization towards achieving the goals and major projects identified in the strategic planning of the organization.

Throughout his career, he has acquired a solid expertise in campaign planning, marketing products and services and in the development of national marketing plans.  Results oriented, he is passionate about innovation, teamwork and value creation.

Mr. de Villiers is an administrateur de société certifié (ASC), who completed the university certification program in corporate governance of the College des administrateurs de société.

“Mr. de Villiers will strengthen the management team already in place and brings solid expertise in marketing and market development 2.0. Mr. de Villiers will assume overall direction of Équilibre, orthopedic and biomechanics and will contributes to the strategy and execution of the next steps of the business plan of Ergoresearch. With the addition of an Executive Vice President, the company has the means to accomplish the next steps in its growth plan.” Mentions Sylvain Boucher, President and Chief Ergoresearch Ltd.

Monsieur de Villiers added: “Ergoresearch has built a unique platform in the orthopedic market. This structure offers interesting leverage and significant growth prospects. I look forward to joining the team in place to continue and contribute to the future development of the Company.”

About Ergoresearch

Ergoresearch is a Canadian company that designs and manufactures cutting edge technologies for the orthopedic industry. The Company holds a portfolio of patents in the bionics field, including the intellectual property used in the Power Knee, the world’s only motor-powered AI prosthesis for above-knee amputees. Ergoresearch designed and commercialized WebFit™, the first robotized custom-fit orthotics manufacturing software program and launched OdrA, a new category of orthotic that, with the action of its world-patented distraction-rotation action, revolutionizes the treatment of pain associated with knee osteoarthritis.

Ergoresearch owns the largest orthotics network in Quebec, now known as Equilibre. The Corporation is listed on the TSX Venture Exchange under the ERG symbol.

This document is not intended to encourage the purchase of securities listed on the TSX Venture Exchange. TMX Group and its affiliates do not endorse or recommend any of the securities referenced here. Please seek professional advice to evaluate specific securities.

Forward-looking statements

Certain statements in this Press Release contain forward-looking statements and information that may entail certain risks related to uncertainties. Such statements are based on management’s expectations and no assurance can be given that potential future results or circumstances described in the forward looking statements will be achieved or will occur, as these statements are subject to numerous uncertainties and risk factors. Such risk factors include, but are not limited to, those related to the Company’s ability to finance its activities, competition, ability to negotiate and maintain partnerships, the market acceptance of the Company’s product, the strength of intellectual property, the success of research and development programs, the trust invested in sub-contractors or their core personnel as well as other risks and uncertainties that are put forth every now and then by the Company in the documents filed with various Canadian securities and exchange commissions and made available at www.sedar.com.

The reader should not give great importance to forward-looking statements as (i) the results may differ from conclusions, predictions or projections contained in such forward-looking statements; and (ii) certain important factors or hypotheses taken into account in reaching conclusions or the preparation of a projection or prediction may prove to be incorrect in fact.

These statements are correct only on the date on which they were written, and Management disclaims any obligation to revise these statements after any event, circumstance or other situation, except as required by law. All figures are in Canadian dollars, unless otherwise specified.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

SOURCE Ergoresearch Ltd

Image with caption: “Mr. Benoit De Villiers, Executive Vice-President, Ergoresearch Ltd (CNW Group/Ergoresearch Ltd)”. Image available at: http://photos.newswire.ca/images/download/20160531_C1460_PHOTO_EN_702532.jpg

For further information: Sylvain Boucher, President and CEO – Ergoresearch Ltd., Tel.: 450-973-6700, ext. 213 / sboucher@ergoresearch.com

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