BOSTON, MA--(Marketwired - Oct 26, 2016) - InspireMD, Inc. (NYSE MKT:
NSPR) (NYSE MKT: NSPR.WS) ("InspireMD" or the "Company"), a leader in embolic prevention systems (EPS), neurovascular devices and
thrombus management technologies, today announced the appointment of Agustin Gago as the Company's Executive Vice President and
Chief Commercial Officer. In this role, Mr. Gago will be responsible for developing and implementing InspireMD's global
sales, distribution and marketing strategy for the Company's CGuard™ EPS, MGuard Prime EPS™, as well as all future pipeline
products.
"I am excited to welcome Agustin to the InspireMD team," said James Barry, PhD, Chief Executive Officer of InspireMD. "Agustin
brings a wealth of experience in building and leading global commercial organizations. He will be an invaluable asset to
InspireMD as we focus on expanding company sales in the global market place. His successful track record and comprehensive
expertise in cardiology, oncology and diagnostic imaging will strengthen our sales and marketing organization. Agustin will be a
key addition to our management team as we focus on revenue growth and broadening our product pipeline."
Mr. Gago has over 25 years of experience in building profitable international commercial, sales and marketing organizations.
Before joining InspireMD, he served as a Principal at Dash International, LLC, a consulting firm he founded in 2013, advising
CEOs and Boards of Directors of major medical device companies on business strategy. Prior to this, he served as Chief Commercial
Officer at Delcath Systems, Inc., an interventional oncology company, creating its direct and contract sales forces as well as a
distributor infrastructure serving Europe, Asia and South America. Before his time at Delcath Systems, Mr. Gago was Vice
President of International Oncology Surgery Sales at AngioDynamics, Inc., a provider of minimally invasive medical devices for
cardiology vascular disease and oncology. There, he was also responsible for the launch of their interventional cardiology
product line. Mr. Gago also worked for 10 years in various leadership roles at E-Z-EM, Inc., a global manufacturer of
medical devices and contrast agents for gastrointestinal imaging, eventually being appointed Vice President of Global GI Business
and Vice President of International Operations. Mr. Gago is fluent in several foreign languages including Spanish and
Portuguese.
"I am pleased to be joining InspireMD, a company whose cutting-edge technology and products have the potential to truly be a
game changer for patients with carotid artery, neurovascular and coronary artery disease," said Mr. Gago. "I look forward to
working with my new team to advance InspireMD's position and products within the Global market place."
About InspireMD, Inc.
InspireMD seeks to utilize its proprietary MicroNet™ technology to make its products the industry standard for
embolic protection and to provide a superior solution to the key clinical issues of current stenting in patients with a high risk
of distal embolization, no reflow and major adverse cardiac events.
InspireMD intends to pursue applications of this MicroNet technology in coronary, carotid (CGuardTM), neurovascular, and
peripheral artery procedures. InspireMD's common stock is quoted on the NYSE MKT under the ticker symbol NSPR and certain
warrants are quoted on the NYSE MKT under the ticker symbol NSPR.WS.
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 expressed or implied by
such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated
with (i) market acceptance of our existing and new products, (ii) negative clinical trial results or lengthy product delays in
key markets, (iii) an inability to secure regulatory approvals for the sale of our products, (iv) intense competition in the
medical device industry from much larger, multinational companies, (v) product liability claims, (vi) product malfunctions, (vii)
our limited manufacturing capabilities and reliance on subcontractors for assistance, (viii) insufficient or inadequate
reimbursement by governmental and other third party payers for our products, (ix) our efforts to successfully obtain and maintain
intellectual property protection covering our products, which may not be successful, (x) legislative or regulatory reform of the
healthcare system in both the U.S. and foreign jurisdictions, (xi) our reliance on single suppliers for certain product
components, (xii) the fact that we will need to raise additional capital to meet our business requirements in the future and that
such capital raising may be costly, dilutive or difficult to obtain and (xiii) the fact that we conduct business in multiple
foreign jurisdictions, exposing us to foreign currency exchange rate fluctuations, logistical and communications challenges,
burdens and costs of compliance with foreign laws and political and economic instability in each jurisdiction. More detailed
information about the Company and the risk factors that may affect the realization of forward looking statements is set forth in
the Company's filings with the Securities and Exchange Commission (SEC), including the Company's Annual Report on Form 10-K and
its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's
web site at http://www.sec.gov. The Company assumes no
obligation to publicly update or revise its forward-looking statements as a result of new information, future events or
otherwise.