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InspireMD Announces Year-to-Date 2011 Progress
Date:5/17/2011

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The Company completed the quarter with cash and cash equivalents of approximately $9.6 million, as compared to $0.6 million at the same period in 2010. The Company utilized approximately $400,000 in cash for operating activities during the first quarter. Additional financial details, including financial statements, are contained in the Form 10-Q.

About MGuard™ Coronary

MGuard™ presents a novel combination of a coronary stent merged with an embolic protection specifically designed for Acute MI patients. The embolic protection is comprised of an ultra-thin polymer micron net that wraps the stent. The MGuard™ stent provides outstanding and lifelong embolic protection, without affecting deliverability. MGuard™ is CE Mark approved. Mesh-based protection is now recommended for use in the recent Guidelines of the Task force of Myocardial Revascularization of the European Society of Cardiology (ESC).

About InspireMD Inc.

InspireMD is an innovative medical device company focusing on the development and commercialization of its proprietary stent system technology, MGuard™. InspireMD intends to pursue applications of this technology in coronary, carotid and peripheral artery procedures. InspireMD is traded on the over-the-counter bulletin board (OTC BB) under the ticker "NSPR".

Forward-looking Statements:

This press release contains "forward-looking statements." Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control, and cannot be predicted or quantified and consequently, actual results may differ materially from those
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SOURCE InspireMD
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Related medicine technology :

1. InspireMD Promotes MGuard™ at the EuroPCR 2011 Exhibition and Conference in Paris This Week
2. InspireMD Increases Geographic Penetration; MGuard Stent is Now Available in India
3. InspireMD to Participate in Benchmark Company, LLC 2011 One-On-One Investor Conference
4. InspireMD to Commence Trading as a Public Company Under Ticker Symbol "NSPR"
5. InspireMD Boosts MGuard Production Capacity
6. InspireMD Becomes a Supporting Organization in the Growing Stent for Life Initiative
7. For the First Time, at EuroPCR, InspireMD Will Provide a Sneak Preview of the Next Generation MGuard Prime(R), a State of the Art Net Protective Cobalt Chromium Stent System
8. InspireMD Announces the Enrollment of the 1st Patient in the MGuard iMOS Registry, the Registry Will Enroll 1000 Patients
9. eCardio Diagnostics Announces Three Executive Appointments to Chief Operating Officer, Chief Technology Officer and Executive Vice President
10. MEDRAD, INC. Announces European Approval and Launch of the Cotavance™ Drug Eluting Balloon With Paccocath® Technology
11. Telik Announces First Quarter 2011 Financial Results
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