OmniGuide Surgical Appoints Nicholas Konidaris as President and CEO

Former OmniGuide Board Member and Long-time Senior Technology Executive to Drive Next Phase of Growth and Expand Surgical Offerings to Further Improve Patients’ Lives

CAMBRIDGE, Mass.--(BUSINESS WIRE)--OmniGuide Surgical, a leading developer of advanced energy surgical products, today announced the appointment of Nicholas Konidaris to President and CEO. Mr. Konidaris, a former member of the company’s Board of Directors, will succeed Scott Flora, effective immediately.

“Nick’s proven track record with growing technology companies coupled with his long history as a member of OmniGuide’s Board of Directors will position us well as we enter this next phase of our growth strategy,” said Doug Kohrs, OmniGuide’s Chairman. “We are confident that his leadership will be instrumental in helping us realize our goal of developing and marketing products that meet the needs of our customers, enhance clinical outcomes, and reduce treatment complexity and cost.”

Mr. Konidaris most recently served for ten years as President and CEO of Electro Scientific Industries Inc., a pioneer in the new industry of laser micro-fabrication, and a long-time OmniGuide strategic investor. Prior to that, he served as the Chief Executive Officer of Advantest America Corp., a subsidiary of Advantest Corporation and a holding company of Advantest America Inc. from February 1997 to January 2004 and also served as its President from July 1999 to January 2004. Konidaris has more than 35 years of experience helping technology companies commercialize breakthrough products.

“We appreciate the contributions that Scott made to OmniGuide during his tenure with the company and we wish him well in his new endeavors. This is an exciting time for OmniGuide and I look forward to continuing our focus on improving patients’ lives,” said Mr. Konidaris.

About OmniGuide

OmniGuide is committed to developing advanced energy surgical solutions that enhance precision, improve access and provide increased control in the field of minimally invasive surgery. Since its initial launch, the BeamPath® flexible fiber and FELS-25A Intelliguide^TM laser system have been used in more than 100,000 minimally invasive surgical procedures primarily in the fields of Gynecology and ENT.

OmniGuide designs and manufactures its CO₂ laser system in Cambridge, Massachusetts. Its fibers are based on proprietary technology invented at MIT. The Company distributes its products in the U.S. through a direct sales force.

For more information please visit http://www.omni-guide.com.