SAN JOSE, Calif., June 10, 2021 (GLOBE NEWSWIRE) — Eargo, Inc. (Nasdaq: EAR), a medical machine firm on a mission to enhance the standard of life of individuals with listening to loss, at the moment introduced the appointment of Katie Bayne to its Board of Administrators, efficient June 9, 2021. Ms. Bayne will function a member of the Nominating and Company Governance Committee. The appointment of Ms. Bayne fills the seat vacated by Juliet Tammenoms Bakker, following her resignation from the Board on June 9, 2021.
Christian Gormsen, President and CEO, stated, “We’re extremely lucky to welcome Katie to the Eargo workforce. She is exceptionally certified and brings a long time of expertise constructing one of the vital recognizable manufacturers on the earth, Coca-Cola. We consider she’s going to make vital contributions in persevering with to construct Eargo’s nationwide and finally international model.”
Josh Makower, MD, Chairman of the Board added, “Katie is an exceptional addition to our Board. We consider she’s going to assist us speed up executing certainly one of our most necessary long run strategic initiatives: constructing the Eargo model. We’re lucky to accumulate this degree of expertise, and I’m assured she’s going to add super worth to our workforce. We’d additionally prefer to thank Juliet for her contributions to the Board.”
Ms. Bayne brings greater than 30 years of client advertising and marketing and operations expertise to her new place on the Board of Administrators, together with over 20 years at The Coca-Cola Firm, the place she served as President of North America Manufacturers and Chief Advertising Officer for North America. The Founder and President of strategic consulting and advisory agency Bayne Advisors, Ms. Bayne additionally serves as a Senior Advisor at Guggenheim Securities, LLC. She has additionally served as an impartial director at Acreage Holdings since January 2021, the place she serves on the Audit Committee and at Jessica Alba’s purpose-driven way of life model, The Trustworthy Firm since November 2018, the place she serves as Chair of the Compensation Committee and a member of the Audit Committee. She brings over a decade of public Board expertise in diverse industries, together with retail.
Ms. Bayne commented, “I’ve been extraordinarily impressed with the way in which that Eargo has shortly established itself as a extremely differentiated, disruptive participant within the listening to well being house. I stay up for working with the workforce to leverage the corporate’s stable basis and up to date progress as a launchpad for accelerating model consciousness and product adoption. The success of those initiatives will assist us handle the numerous stigma and social isolation related to listening to loss.”
Eargo is a medical machine firm devoted to bettering the standard of life of individuals with listening to loss. Our revolutionary product and go-to-market strategy handle the foremost challenges of conventional listening to support adoption, together with social stigma, accessibility and price. We consider our Eargo listening to aids are the primary and solely just about invisible, rechargeable, completely-in-canal, FDA regulated, exempt Class I or Class II gadgets for the remedy of listening to loss. Our differentiated, consumer-first resolution empowers shoppers to take management of their listening to. Shoppers can buy on-line or over the telephone and get customized and handy session and help from licensed listening to professionals by way of telephone, textual content, e-mail or video chat. The Eargo resolution is obtainable to shoppers at roughly half the price of competing listening to aids bought via conventional channels in the USA.
The corporate’s 4th technology product, the Eargo Neo HiFi, was launched in January 2020 and options improved capabilities throughout audio constancy and bandwidth. The Eargo Neo HiFi is out there for buy here.
This press launch comprises forward-looking statements inside the which means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Change Act of 1934, as amended. All statements aside from statements of historic truth contained on this press launch are forward-looking statements, together with statements concerning Ms. Bayne’s contributions to our Board, our strategic initiatives and accelerating model consciousness and product adoption. Ahead-looking statements usually are not ensures of future efficiency and are topic to dangers, uncertainties and assumptions that might trigger precise outcomes and occasions to vary materially from these anticipated, together with, however not restricted to, dangers, uncertainties and assumptions associated to: our expectations regarding extra orders by current prospects; our expectations concerning the potential market dimension and dimension of the potential client populations for our merchandise and any future merchandise, together with our skill to keep up or enhance insurance coverage protection of Eargo listening to aids; our skill to launch new listening to aids and the anticipated options of any such listening to aids; developments and projections regarding our rivals and our trade, together with competing merchandise; our skill to keep up our aggressive technological benefits towards new entrants in our trade; the pricing of our listening to aids; our expectations concerning the flexibility to make sure claims associated to the efficiency of our listening to aids relative to aggressive merchandise; our expectations with regard to adjustments within the regulatory panorama for listening to support gadgets, together with the implementation of the pending over-the-counter listening to support pathway regulatory framework; and our estimates concerning the COVID-19 pandemic, together with however not restricted to, its period and its affect on our enterprise and outcomes of operations. These and different dangers are described in better element beneath the part titled “Danger Components” contained in Eargo’s Annual Report on Type 10-Okay and Quarterly Reviews on Type 10-Q and the corporate’s different filings with the SEC. Any forward-looking statements on this press launch are made pursuant to the Non-public Securities Litigation Reform Act of 1995, as amended, are based mostly on present expectations, forecasts and assumptions, and converse solely as of the date of this press launch. Besides as required by legislation, the corporate undertakes no obligation to publicly replace any forward-looking statements, whether or not on account of new info, future occasions or in any other case.
Vice President of Investor Relations
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