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Electromed, Inc. Names John Erb and Greg Fluet to its Board of Directors New Prague, Minnesota

Key Takeaway: Electromed, Inc. Names John Erb and Greg Fluet to its Board of Directors New Prague, Minnesota - August 15, 2019 - Electromed, Inc. (NYSE American: ELMD), a leader in innovative airway clearance technologies, announced today that its Board of Directors has elected each of Joh

Full Press Release Details

Electromed, Inc. Names John Erb and Greg
Fluet to its Board of Directors
New Prague, Minnesota - August
15, 2019 - Electromed, Inc. (NYSE American: ELMD), a leader in innovative airway clearance technologies, announced
today that its Board of Directors has elected each of John L. Erb and Gregory J. Fluet to serve as directors of the
"We are pleased to have attracted two
experienced executives from the medical device industry who will bring a wealth of relevant expertise," said Steve Craney,
Chairman of the Board. "These additions provide further strength to our board to further support Electromed's growth
"John and Greg each bring an extensive
background in strategy development, operations and finance and their addition speaks to Electromed's commitment to penetrate
the underserved market for non-cystic fibrosis bronchiectasis with our proven SmartVest Airway Clearance System," said
Kathleen Skarvan, President and CEO. "I believe their addition to our board will benefit our entire Electromed team to accelerate
our profitable revenue growth goal."
Mr. Erb has served as chief executive officer
and president of CHF Solutions, Inc. (Nasdaq: CHFS) since 2015, and as a member of its board of directors and chairman since 2012.
He has also served as chief executive officer and chairman of NeuroMedic, Inc., a private company he co-founded, since 2014. Previously,
Mr. Erb served as chief executive officer, from 2007 to 2018, of NuAx, Inc. (formerly Cardia Access, Inc.), a private medical device
company involved in developing new devices for the treatment of heart disease. Mr. Erb's prior board experience includes
service as a director of SenoRx, Inc., then a Nasdaq-listed company, from 2001 until its acquisition in 2010; and as chairman of
the board of Vascular Solutions, Inc., then a Nasdaq-listed company, until its acquisition in 2017. Mr. Erb currently serves as
chairman of the board of Osprey Medical, Inc. (ASX:OSP) and as a director of MiroMatrix, a private biotechnology company, since
Mr. Fluet has served as a consultant with Ferring
Pharmaceuticals, Inc. focused on microbiome commercialization and partnering since April 2018. He served as chief business
officer at Rebiotix, Inc., from April 2017 until its acquisition by Ferring Pharmaceuticals in April 2018. Prior to that
he started a strategic consulting practice working with various life science companies, including Rebiotix. Previously, he served
as chief executive officer at Urologix, Inc., then a public company, from 2012 to January 2016. He also served as its interim
chief financial officer from August 2014 to May 2015 and as its executive vice president and chief operating officer from 2008
to 2012. From 2002 to 2008, he was employed as an associate at Sapient Capital Management, LLC, a healthcare focused venture
About Electromed, Inc.
Electromed, Inc. manufactures, markets, and
sells products that provide airway clearance therapy, including the SmartVest Airway Clearance System, to patients
with compromised pulmonary function. The company is headquartered in New Prague, Minnesota and was founded in 1992. Further information
about the company can be found at www.smartvest.com.
Cautionary Statements
Certain statements in this release
constitute forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking
statements can generally be identified by words such as "believe," "estimate," "expect," "may,"
"plan" "potential," "should," "will," and similar expressions, including the negative
of these terms, but they are not the exclusive means of identifying such statements. Forward-looking statements cannot be guaranteed
and actual results may vary materially due to the uncertainties and risks, known or unknown associated with such statements. Examples
of risks and uncertainties for the Company include, but are not limited to: the competitive nature of our market; risks associated
with expansion into international markets; changes to Medicare, Medicaid, or private insurance reimbursement policies; new drug
or pharmaceutical discoveries; changes to health care laws; changes affecting the medical device industry; our need to maintain
regulatory compliance and to gain future regulatory approvals and clearances; our ability to protect and expand our intellectual
property portfolio; our ability to renew our line of credit or obtain additional credit as necessary; our ability to develop new
sales channels for our product; and general economic and business conditions, as well as other factors described from time to time
in our reports to the Securities and Exchange Commission (including the Company's most recent Annual Report on Form 10-K,
as amended from time to time, and subsequent reports on Form 10-Q and Form 8-K). Investors should not consider any list of such
factors to be an exhaustive statement of all of the risks, uncertainties or potentially inaccurate assumptions investors should
take into account when making investment decisions. Shareholders and other readers should not place undue reliance on "forward-looking
statements," as such statements speak only as of the date of this release.
Contacts:
Electromed, Inc. The Equity Group Inc.
Jeremy Brock, Chief Financial Officer Kalle Ahl, CFA
(952) 758-9299 (212) 836-9614
investorrelations@electromed.com kahl@equityny.com
Devin Sullivan
(212) 836-9608
dsullivan@equityny.com
Last updated: Aug 15, 2019