TORONTO, Nov. 03, 2016 (GLOBE NEWSWIRE) -- Profound Medical Corp. (TSX-V:PRN) (“Profound” or the “Company”), an
emerging medical device company focused on prostate care, announced today that its CEO, Arun Menawat, will present an update on the
Company's business at the Canaccord Genuity Medical Technologies & Diagnostics Forum on Thursday, November 17, 2016, at 1:00 p.m.
Eastern Time. The conference will be held at the Westin Grand Central in New York City.
The presentation will be broadcast live and archived on the Company's website at www.profoundmedical.com under "Investor Presentations" in the Investor Relations section.
About Profound Medical Corp.
The Profound Medical team is committed to the effort to achieve a new therapeutic standard in prostate cancer.
For the millions of men currently living with prostate cancer, and the thousands more who are diagnosed with it every year, current
treatment options often mean having to make difficult choices based on potential side effects that can significantly impact quality
of life. Our mission is to profoundly change the standard of care by creating a tomorrow where clinicians can confidently
ablate cancerous prostate tissue with precision, while actively protecting critical anatomy from potential side effects; a tomorrow
where patients have access to a safe, fast and effective treatment option, so they can quickly return to their daily lives.
Established in 2008, Profound Medical is commercializing a novel technology, TULSA-PRO, which combines real-time
Magnetic Resonance Imaging with transurethral, robotically-driven therapeutic ultrasound and closed-loop thermal feedback control
that is designed to provide precise ablation of the prostate while simultaneously protecting critical surrounding anatomy from
potential side effects. TULSA-PRO is CE Marked and Profound is sponsoring a multicenter, prospective FDA-registered clinical trial,
TACT, which is designed to further demonstrate the safety and effectiveness of this innovative technology.
Forward-Looking Statements
This release includes forward-looking statements regarding Profound and its business which may include, but is
not limited to, the expectations regarding the efficacy of Profound’s technology in the treatment of prostate cancer. Often, but
not always, forward-looking statements can be identified by the use of words such as "plans", "is expected", "expects",
"scheduled", "intends", "contemplates", "anticipates", "believes", "proposes" or variations (including negative variations) of such
words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or
be achieved. Such statements are based on the current expectations of the management of Profound. The forward-looking events and
circumstances discussed in this release, may not occur by certain specified dates or at all and could differ materially as a result
of known and unknown risk factors and uncertainties affecting the company, including risks regarding the pharmaceutical industry,
economic factors, the equity markets generally and risks associated with growth and competition. Although Profound has
attempted to identify important factors that could cause actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those
anticipated, estimated or intended. No forward-looking statement can be guaranteed. Except as required by applicable securities
laws, forward-looking statements speak only as of the date on which they are made and Profound undertakes no obligation to publicly
update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, other than as
required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact: Stephen Kilmer Investor Relations skilmer@profoundmedical.com T: 647.872.4849 Or Rashed Dewan Vice President, Finance T: 647-476-1350
