Positron Corporation Announces Key Sales & Services Personnel Hire

Rhea-AI Summary

Positron Corporation (OTC: POSC) announced the appointment of Christopher Reilly to lead its PET-CT Services and Systems Sales. With over 30 years of experience in SPECT imaging, Reilly aims to facilitate the transition from SPECT to PET imaging for hospitals and cardiology practices. The company will validate its new PET-CT device in collaboration with a leading healthcare organization over the next three months. President Adel Abdullah expressed confidence in Reilly's expertise, which is expected to support Positron's sales and marketing initiatives as it prepares to launch its new product.

Positive

• Christopher Reilly's appointment is strategic for enhancing sales in PET-CT Services.
• Upcoming validation of the new PET-CT device with an industry leader could improve market position.
• The transition from SPECT to PET imaging aligns with increasing demand in nuclear cardiac studies.

Negative

• None.

Niagara Falls, NY, June 24, 2022 (GLOBE NEWSWIRE) -- Positron Corporation (“Positron” or the “Company”) (OTC: POSC), a nuclear medicine PET imaging device systems and clinical services company, is pleased to announce that Christopher Reilly has joined Positron to lead the Company’s PET-CT Services and Systems Sales. Through a career spanning over three decades, Mr. Reilly has acquired vast expertise and industry knowledge in all aspects of SPECT imaging  systems, services, pharmaceuticals and practice workflows. Mr. Reilly’s focus will be working with the many hospitals and cardiology practices that are seeking to transition from SPECT to PET imaging as their primary modality for nuclear cardiac studies and advanced diagnostics.   

During the next three months, the Company along with an industry leading healthcare organization and physician, will be validating Positron’s new PET-CT device.   Christopher Reilly joining Positron comes at an optimal time with the start of this validation, as his background of working directly with nuclear imaging practices will be a tremendous asset during this process.

Adel Abdullah, President of Positron, stated: “Chris brings substantial value to Positron’s expansion objectives, and we are confident he will open many opportunities to service the nuclear imaging community he knows so well. Chris is a seasoned professional who comes to us with an incredible amount of knowledge of the nuclear imaging industry in both SPECT and PET modalities; the addition of Chris is an important next step in our sales and marketing initiatives as we prepare to launch our new PET-CT product later this year. We are excited to begin our work to meet the increasing demand for PET imaging which is being driven by a migration from SPECT to PET imaging as the preferred first line nuclear cardiac study.”  

About Positron Corporation

About Positron: Positron Corporation is a nuclear medicine PET imaging device company specializing in the field of cardiac Positron Emission Tomography imaging - the gold standard in cardiac diagnostics. Positron’s innovative PET technology, clinical services and practice solutions enables healthcare providers to more accurately diagnose coronary artery disease and improve patient outcomes while practicing cost effective medicine.  Positron's PET only system, market position and approach in facilitating the adoption of cardiac PET are substantial advantages to the growth of the market and Positron. Positron will soon offer a state-of-the-art PET/CT imaging device that will enable nuclear cardiologists to utilize the full power of nuclear imaging. This same PET/CT device allows Positron to address and meet the needs and demand of the vast oncology diagnostics marketplace.     

Forward-Looking Statements

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Positron Corporation, and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

FOR FURTHER INFORMATION, please visit the company’s website at www.positron.com, or contact: 


Investor Relations Contact:
Skyline Corporate Communications Group, LLC
Lisa Gray, Senior Account Manager
One Rockefeller Plaza, 11th Floor
New York, NY 10020
Office: (646) 893-5835
Email: lisa@skylineccg.com

FAQ

What is the role of Christopher Reilly at Positron Corporation?

Christopher Reilly has been appointed to lead the PET-CT Services and Systems Sales at Positron Corporation.

How will the new PET-CT device impact Positron Corporation?

The new PET-CT device is expected to enhance Positron's market position and meet the increasing demand for PET imaging.

What is Positron Corporation's focus in nuclear imaging?

Positron specializes in cardiac Positron Emission Tomography imaging, aiming to improve diagnostics and patient outcomes.

What is the significance of the partnership for the new PET-CT device?

The partnership for validating the new PET-CT device is crucial for establishing credibility and market readiness.

How does the transition from SPECT to PET imaging affect Positron?

This transition allows Positron to target hospitals and cardiology practices looking to adopt the more advanced PET imaging modality.