MDMI Technologies Inc. (MDMI) was founded in 1998 to pursue Medical
Devices that are Minimally Invasive
– hence MDMI. After establishing a facility in Richmond BC, the company
proceeded to not only develop several product ideas, but also expand its general
operational and technical capabilities. These efforts have led to an initial
three-tiered businesses platform focusing on opportunities in Women’s
Healthcare, Vascular, and Contract Services.
Women’s Health Care – A promising market for minimally
invasive devices that is expected to grow substantially on a worldwide basis.
The company’s initial product offering, the Thermablate EAS, is an endometrial
ablation device to treat excessive uterine bleeding, a condition that afflicts
millions of women worldwide.
Vascular Systems - Historically the largest market for minimally
invasive devices. This market has a propensity for major technical advances
that typically rely on the kind of catheter knowledge the company possesses.
The company’s initial product offering are the Pathfinder and Hummingbird
PTCA catheters.
Contract Services – Capitalizing on its cost and regulatory
advantages relative to the US, as well as its unique technical capabilities
in the BC area, the company now offers both Contract Manufacturing and Professional
Services consulting.
MISSION STATEMENT
Our mission is to promote a higher standard of delivering Health Care by introducing
minimally invasive methods of therapy at affordable cost.
PHILOSOPHY & OBJECTIVES
We are a market-driven, clinician-focused provider of quality engineering products
and solutions for healthcare. We emphasize a minimally invasive approach, as
opposed to a maximally invasive approach (e.g., major surgery). Our underlying
objectives are:
To operate a customer-focused company based upon engineering
innovation, clinical expertise, and dedication of all personnel.
To create and continuously support a work environment fostering the
“3I” (“Initiate-Innovate-Improve”) iterative process
applied to the development cycle.
To provide sound evidence of the health and cost benefits associated
with the use of our products.
To generate employment for people with different abilities.
To recognize, develop, and motivate the talents and expertise of our
Engineering, Medical, and Technical staff, as they strive for continuous
innovation and excellence.
To establish and maintain a comprehensive, company-wide Quality Management
System to meet customer expectations and regulatory requirements.
To conduct company business in a professional and ethical manner.
BOARD OF DIRECTORS
James R. Elliott, B.Sc., B.A.Sc., MASc – Chairman
Mr. Elliott is President, CEO and a founder of the Company. From 1994 to 1998,
he was involved as Director/Officer/Engineer/Manager at the Canadian operation
of Arterial Vascular Engineering (AVE), now part of Medtronic. Jim has a B.A.Sc.
degree in Bio-Resource Engineering and M.A.Sc. degree in Materials Engineering.
Rodney Elliott, B.A.Sc .,M.A.Sc. – Director
Mr. Elliott is Director, Secretary and a founder of the Company. Rod worked
for Shell Canada Ltd. in a variety of technical, managerial and economic planning
roles. He has also consulted for B.C. Chemical Producers Association, Levelton
& Associates, and Trans Mountain Pipelines. Rod has a B.A.Sc. degree and
M.A.Sc. degree in Chemical Engineering.
Dr. Merril Knudtson, M.D., FRCP (IM), FRCP, FSCAI - Director
Dr. Knudtson is currently working as a clinical professor of Medicine (Cardiology)
and Director of Interventional Cardiology Program at Foothills Hospital and
University of Calgary. He has played a significant role in establishing Canada
as a major contributor to the advancement of interventional Cardiology worldwide.
INVESTOR INFORMATION
MDMI Technologies Inc. is a privately held company. For additional information
concerning the company, contact John Heroux at 604-275-7944, Ext# 1105 or jheroux@mdmicanada.com.
MANAGEMENT TEAM
James R. Elliott, B.Sc., B.A.Sc., MASc - President & CEO
Mr. Elliott is President, CEO and a founder of the Company. From 1994 to 1998, he was involved as Director/Officer/Engineer/Manager at the Canadian operation of Arterial Vascular Engineering (AVE), now part of Medtronic. Jim has a B.A.Sc. degree in Bio-Resource Engineering and M.A.Sc. degree in Materials Engineering.
Richard Everest - C.F.O.
Mr. Everest was named Chief Financial Officer in 2000. He was previously hired as C.F.O for the mining division of Intertek PLC, a publicly trading company with over $450 million in revenue. His experience gained in international operations with Baker Hughes and Mitsubishi will be beneficial in the growth of MDMI. He qualified as a U.K. Chartered Accountant at Price Waterhouse in The Hague.
Douglass B. Yackel, MD., FRCSC - Medical Director
"I will continue to provide medical input into the medical-engineering interface that has made MDMI uniquely successful".
MD University of Saskatchewan 1963
Internship - Cook County Hospital Chicago, Illinois
Residency in Obstetrics & Gynecology, Mayo Clinic, Rochester, Minnesota
Certified specialist in Obstetrics & Gynecology - Royal College of Canada
Certified by American Board of Obstetrics & Gynecology
In private practice from 1971 to 2002
Co-founder of MDMI Technologies and co-inventor of the Thermablate™ EAS™. Has been a pioneer in thermal balloon endometrial ablation and has lectured and preceptored extensively in Canada, Asia and Europe
David Morgan, Ph.D - VP Engineering
Dr. Morgan has over 15 years R&D experience in business and academia. He has over six years experience in senior roles with development-stage medical device companies. He was a Project Manager with Biomax Technologies Inc for 4 years directing the development of a device to diagnose heart rejection in vivo using laser-induced fluorescence via a disposable right-heart catheter. David completed his PhD in Physics at the University of British Columbia in 1993 and held research positions at the Cavendish Laboratory at the University of Cambridge in the UK, the University of British Columbia and the BC Cancer Research Center before entering the medical business in 1997.
Donald A. Burrows - VP Business Development Europe
Mr. Burrows in his position as VP Business Development for Europe is responsible for establishing and supporting our European distributors and business partners. Don has extensive experience in high technology markets and was previously a Director of Sales & Marketing for a Johnson & Johnson company involved in the Medical Device Industry. He has 15 years experience in establishing international distribution channels and has served on many strategic planning and international marketing committees.
Paul A. Meyer, B.A.Sc., MBA, PE, RAC - ExCom Member
Mr. Meyer is President of TATUSA Inc., a related entity established to oversee the Thermablate EAS IDE clinical trial. Throughout 2003, he served at interim-COO of MDMI and led the organization through Health Canada Approval, ISO 13485:2003 Certification, and the final stages of CE Approval. Prior to establishing TATUSA Inc. in 2002, he was with Medtronic/AVE, EndoVascular Technologies, and Baxter. Within these organizations he held various technical and management positions in R&D, Manufacturing, Regulatory Affairs, Clinical Affairs, and Quality. Paul has a B.A.Sc. degree in Mechanical Engineering for UC San Diego, a MBA degree from Pepperdine University, a Professional Engineering (PE) license and a Regulatory Affairs Certification (RAC).
John L. Heroux, B.A. - Corporate Affairs
“I see the Corporate Affairs Department evolving into the nexus of communications for shareholders, employees, board members, subsidiaries, and government and regulatory agencies. This is critical to the success of MDMI.”
John has been with MDMI since January 1999 after a career in the social and community service sector. Initially, he set up the Human Resource, Accounting, and Corporate Departments, and has settled on Corporate Affairs. John serves on the board of directors and is an officer of several medical device companies. His training in philosophy, especially critical thinking, is a quality which serves the senior executive team well. As the Head of Corporate Affairs and Corporate Secretary, John will liaise with the company lawyers, auditors, and financiers to assist with positioning MDMI for a future public offering. Currently, John is working towards improving communications with shareholders.
Terry Kehoe, CPP - Manager Business Development
College Graduate from Teachers College in Ottawa, Business Administration in Vancouver and Professional Certification in Purchasing from PMAC. With over twenty five (25) years direct hands-on Operational experience in medical manufacturing with MDS / Nordion (Atomic Energy of Canada) as Business Supervisor, AVE and Bowers Medical as Materials Manager before joining MDMI as Operations and General Manager. Extensive experience in Supply Chain Management, Customer Service, Contracting and Quality System Improvements.
James Hong - Vice President, Production and Materials
James has nearly 20 years experience in manufacturing and supply chain management. Previously with Shell Malaysia, Sulzer Carbomedics Canada and Sulzer Mitroflow, where he held positions in Oil Planning, Manufacturing and Supply Chain Management, James' initial primary focus in MDMI is to create a world class manufacturing environment in the production of the Thermablate EAS. James has a Master of Economics degree from Kobe University, Japan.
Alan Remfry - Director of Quality Assurance and Quality Systems
Responsible for the implementation and maintenance of the ISO 13485 Medical Device Quality Standard.
”I enjoy working in the team environment of a high technology company, and my intent is to ensure that the highest product Quality levels are integrated in the design and manufacture of MDMI products.”
Prior to joining MDMI, he has had 20 years experience in the Quality Assurance field in the design, manufacture and customer service of high technology electronic products. A certified Quality Lead Auditor, he has implemented and registered ISO Quality Systems in TELOS technology, Solectron and Glenayre.
Alan was born and educated in England where he studied Radio Electronics in Plymouth, trained in Ultrasonics in Birmingham before completing his studies in Electronics at Worcester College in the West Midlands. He then worked for the British Ministry of Defense before marrying and moving to Canada.
Mark Chemago - Human Resources
Mr. Chemago is head of Human Resources for the company. Mark has held senior management positions in industrial construction project management, brewery operations management, and human resources and corporate training.
