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invendo medical Appoints Nachum (Homi) Shamir To The Company's Board Of Directors
Date:7/30/2014

NEW YORK and KISSING, Germany, July 30, 2014 /PRNewswire/ -- invendo medical GmbH, manufacturer and distributor of a single use and computer-assisted ("robotic") colonoscopy system, today announced the appointment of Nachum (Homi) Shamir, a worldwide recognized medical device executive, as a new member of its supervisory board.

Mr. Shamir is a highly respected global visionary in the medical device industry. In his most recent assignment he served as President and Chief Executive Officer at Given Imaging Ltd. (NASDAQ/TASE: GIVN), the pioneer in capsule endoscopy technology which  revolutionized the way gastroenterologists diagnose and monitor diseases of the GI tract through the development and marketing of a game-changing diagnostic tool in the form of small capsule cameras (PillCam). Given Imaging was acquired by Covidien plc (NYSE: COV) in February 2014 in a transaction valued at approximately $1 billion. Under Mr. Shamir's tenure Given Imaging has grown revenues from $ 85 million annually to close to $200 million and achieved significant profitability based on diversified GI product portfolios and a globalized commercial footprint.

Mr. Shamir replaces Mr. Sidney Braginsky, former President of Olympus America Inc., who retired from the board. Furthermore Stefan Fischer, General Partner and CFO of TVM Capital replaced Dr. Axel Polack.

Timo Hercegfi, CEO of invendo medical, commented, "Following our first system installations in the U.S. invendo is at an exciting time of its company life. We are planning to have a significant impact on colon cancer screening in the US with our computer assisted invendoscope as well as additional single-use endoscopes to be added to the invendo produ
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