Full Press Release Details
Butterfly Network Names Heather Getz as Chief
Health Tech Executive Brings 25 years of Financial
and Operational Experience to Butterfly
GUILFORD, Conn. and NEW YORK, April 20, 2022 - Butterfly
Network, Inc. (NYSE: BFLY), a digital health company transforming care with handheld, whole-body ultrasound, today announced the
appointment of Heather Getz to the position of Executive Vice President and Chief Financial Officer, effective May 2.
"Heather brings a compelling blend of healthcare technology
and public company experience along with a successful track record in operational and financial discipline that is well suited to support
and enhance Butterfly's continued growth and evolution," said Dr. Todd Fruchterman, Butterfly's President and Chief
Executive Officer. "As a proven CFO with deep experience in delivering results and value creation, Heather will be a strong partner
as we continue to execute our strategy and introduce unique value to the healthcare ecosystem."
Dr. Fruchterman continued, "In addition to 25 years of corporate
finance and operating experience at both public and private companies, Heather brings a strong background in the digital health and
medical device space. Her history of contributing to the creation of long-term company value, driving operational excellence, and
accelerating profitability positions her exceptionally well to lead Butterfly's finance organization."
Ms. Getz spent 12 years at BioTelemetry,
Inc., a publicly traded remote medical technology company, where, among other roles, she served as Executive Vice President and
Chief Financial and Administrative Officer. Heather played a pivotal role in transforming the company and driving strategic and
structural change through significant market disruption. During her tenure, BioTelemetry saw an increase in market capitalization of
over $2.5 billion, culminating with a sale to Royal Philips in 2021. Before this, Heather
held various financial leadership positions at companies including Alita Pharmaceuticals, VIASYS Healthcare, and Sunoco. Ms.
Getz is a Certified Public Accountant and holds an M.B.A. with a concentration in Finance and a B.S. in Accountancy from Villanova
"I'm thrilled to join the Butterfly team at a time of significant opportunity for the Company and its stakeholders. Having
played a leadership role in similar business situations and industries, I look forward to supporting Butterfly's strategic
plan to utilize its differentiated technology to fundamentally improve access to ultrasound acquired insights at the point-of-care,
benefiting patients around the world."
To learn more about Butterfly Network please go to: https://www.butterflynetwork.com/.
About Butterfly Network
Founded by Dr. Jonathan Rothberg in 2011 and listed on the New York
Stock Exchange through a business combination with Longview Acquisition Corp., Butterfly created the world's first handheld, single probe
whole-body ultrasound system using semiconductor technology, the Butterfly iQ+. Butterfly's mission is to democratize medical imaging
and contribute to the aspiration of global health equity, making high-quality ultrasound affordable, easy-to-use, globally accessible,
and intelligently connected, including for the 4.7 billion people around the world lacking access to ultrasound. Through its proprietary
Ultrasound-on-Chip technology, Butterfly is paving the way for earlier detection and remote management of health conditions around
the world. The Butterfly iQ+ can be purchased online today by healthcare practitioners in the United States, Australia, Austria, Belgium,
Canada, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, New Zealand, Norway, Poland, Portugal, Spain, Sweden, Switzerland,
and the United Kingdom.
Butterfly iQ+ is a prescription device intended for trained healthcare
Forward-Looking Statements
This press release includes "forward-looking
statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation
Reform Act of 1995. The Company's actual results may differ from its expectations, estimates, and projections and,
consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as
"expect," "estimate," "project," "budget," "forecast,"
"anticipate," "intend," "plan," "may," "will," "could,"
"should," "believes," "predicts," "potential," "continue," and similar
expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These
forward-looking statements include, without limitation, the Company's expectations with respect to financial results, future
performance, development of products and services, and the size and potential growth of current or future markets for its products
and services. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to
differ materially from those discussed in the forward-looking statements. Most of these factors are outside the Company's
control and are difficult to predict. Factors that may cause such differences include, but are not limited to: the impact of
COVID-19 on the Company's business, including issues relating to Omicron or other variants; the ability to recognize the
anticipated benefits of the business combination; the Company's ability to grow and manage growth profitably; the success,
cost and timing of the Company's product and service development activities; the potential attributes and benefits of the
Company's products and services; the degree to which our products and services are accepted by healthcare practitioners and
patients for their approved uses; the Company's ability to obtain and maintain regulatory approval for its products, and any
related restrictions and limitations of any approved product; the Company's ability to identify, in-license or acquire
additional technology; the Company's ability to maintain its existing license, manufacture, supply and distribution
agreements; manufacturing and supply of the Company's products; the Company's ability to compete with other companies
currently marketing or engaged in the development of products and services that the Company is currently marketing or developing;
changes in applicable laws or regulations; the size and growth potential of the markets for the Company's products and
services, and its ability to serve those markets, either alone or in partnership with others; the pricing of the Company's
products and services and reimbursement for medical procedures conducted using its products and services; the Company's
estimates regarding expenses, revenue, capital requirements and needs for additional financing; the Company's financial
performance; the Company's ability to raise financing in the future; and other risks and uncertainties indicated from time to
time in the Company's most recent Annual Report on Form 10-K or in subsequent filings that it makes with the Securities and
Exchange Commission. The Company cautions that the foregoing list of factors is not exclusive. The Company cautions you not to place
undue reliance upon any forward-looking statements, which speak only as of the date of this press release. The Company does not
undertake or accept any obligation or undertake to release publicly any updates or revisions to any forward-looking statements to
reflect any change in the Company's expectations or any change in events, conditions or circumstances on which any such
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