Full Press Release Details
IceCure Appoints Vincent Chun Hung Chan to Serve
as an Independent Director on its Board of Directors
Galit Bar Malik promoted to VP of Operations
CAESAREA, Israel, December 6, 2022 -- IceCure
Medical Ltd. (Nasdaq: ICCM) (TASE: ICCM) ("IceCure" or the "Company"), developer of minimally-invasive cryoablation
technology, the ProSense System that destroys tumors by freezing, today announced the appointment of Vincent Chun Hung
Chan to serve as an independent director on the Company's board of directors.
Mr. Chan has been a private equity executive
for the past three decades, managing and leading more than 80 investment projects supporting company growth via funding and
synergistic mergers and acquisitions. Since March 2021, he has been the Director of Samena Capital, a principal investment group,
headquartered in Dubai, with three private equity funds and $1 billion in assets under management, and was a Senior Managing
Director and Head of Asia of Samena Capital Hong Kong Limited from 2016 to 2021. Mr. Chan has been a top-ranked venture capitalist
by Forbes Magazine (China) for seven consecutive years. He is a Chartered Financial Analyst (CFA), received his B.A. in
Economics and Geography from the University of Hong Kong, and received his MBA from Victoria University of Manchester in the United
Fortifying its management and operations structure
in anticipation of commercial sales growth for its ProSense systems, IceCure promoted Galit Bar Malik, former Director of Operations and
Service, to VP of Operations and Service. Ms. Bar Malik has over 16 years of experience in operations and supply chain management in the
medical device industry after holding a variety of roles at Mazor Robotics, which was acquired by Medtronic plc.
"We welcome Vincent to our board at this
critical time as we launch ProSense globally in key markets including Asia. We believe Vincent's expertise and network will be an
asset to us on the commercial front, while his corporate, financial, and board track record will support our strong corporate governance
practices," stated IceCure's Chief Executive Officer, Eyal Shamir. "We are also pleased to promote Galit to the position
of VP of Operations and Service as we grow our operations infrastructure."
IceCure Medical Ltd. (Nasdaq:
ICCM) (TASE: ICCM) develops and markets ProSense , an advanced liquid-nitrogen-based cryoablation therapy for the treatment of tumors
(benign and cancerous) by freezing, with the primary focus areas being breast, kidney, bone and lung cancer. Its minimally invasive technology
is a safe and effective alternative to hospital surgical tumor removal that is easily performed in a relatively short procedure. The system
is marketed and sold worldwide for the indications cleared to-date by the U.S. Food and Drug Administration
and approved in Europe with the CE Mark.
This press release contains
forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform
Act of 1995 and other Federal securities laws. Words such as "expects," "anticipates," "intends,"
"plans," "believes," "seeks," "estimates" and similar expressions or variations of such
words are intended to identify forward-looking statements. For example, IceCure is using forward looking statements in this press release
when it discusses: Mr. Chan's anticipated contribution to the Company; and the Company's potential growth in operations infrastructure.
Because such statements deal with future events and are based on IceCure's current expectations, they are subject to various risks
and uncertainties and actual results, performance, or achievements of IceCure could differ materially from those described in or implied
by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other
risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of
the Company's Annual Report on Form 20-F for the year ended December 31, 2021 filed with the Securities Exchange Commission (the "SEC")
on April 1, 2022, as amended, which is available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these
statements for revisions or changes after the date of this release, except as required by law.
email: ronent@icecure-medical.com