SAFEGUARD SCIENTIFICS TO HOST A VIRTUAL DISCUSSION WITH INFOBIONIC
June 18 2021 - 9:00AM
Safeguard Scientifics, Inc. (NYSE:SFE) ("Safeguard" or the
"Company") announced that it will host a virtual discussion
with Stuart Long, Chief Executive Officer of InfoBionic, Inc.
at 10:00 a.m. ET on Tuesday June 29,
2021.
This virtual discussion will be the fifth in Safeguard’s program
to provide shareholders with additional information about
Safeguard's ownership interests and an opportunity to hear directly
from the CEOs of Safeguard’s companies. Eric C. Salzman, CEO of
Safeguard, will lead the discussion with Mr. Long.
InfoBionic is a digital health company transforming the
efficiency and economics of ambulatory remote patient monitoring
processes and cardiac diagnostic services by optimizing clinical
and real-world utility for the users that need it most – physicians
and their patients.
Safeguard has provided $22 million of capital to InfoBionic
since March 2014 and holds a 25% ownership interest in the
company.
Mr. Long was appointed CEO of InfoBionic in March 2017, with a
focus on driving widespread market adoption of the company’s
transformative wireless remote patient monitoring platform for
chronic disease management. With more than 20 years of experience
in the medical device market, Mr. Long has a proven track record of
building organizations to achieve rapid commercial growth and
scale. Prior to joining InfoBionic, he was CEO at Monarch Medical
Systems, LLC, a Charlotte-based, artificial intelligence clinical
decision support software provider for insulin dosing calculations,
where he oversaw the organizational transformation of the
company.
To attend the virtual discussion, please register
at: https://us02web.zoom.us/webinar/register/WN_aAkuVYqbRY2YBSmwmIqYqw
Participants are encouraged to dial-in 15 minutes prior to the
start of the event. The virtual discussion will also be
accessible for replay later at the Safeguard Scientifics, Inc.
Investor Relations website.
Previous virtual discussions with Safeguard companies,
meQuilibrium, Flashtalking, Aktana and Prognos Health can be
accessed at Safeguard’s investor relations past events site:
https://ir.safeguard.com/investors/events-and-presentations/past-events/default.aspx
About Safeguard ScientificsHistorically,
Safeguard Scientifics (NYSE:SFE) has provided capital and relevant
expertise to fuel the growth of technology-driven businesses.
Safeguard has a distinguished track record of fostering innovation
and building market leaders that spans more than six decades.
Currently, Safeguard is pursuing a focused strategy to
value-maximize and monetize its ownership interests over a
multiyear time frame to drive shareholder value. For more
information, please visit www.safeguard.com.
About InfoBionicInfoBionic is
a digital health company transforming the efficiency and economics
of ambulatory remote patient monitoring processes by optimizing
clinical and real-world utility for the users that need it most –
physicians and their patients. The Massachusetts-based team of
seasoned entrepreneurs have had successful careers in healthcare,
IT, medical devices and mobile technology, and bring specific
expertise in remote monitoring and cardiology. They have seen
first-hand the complexities of traditional cardiac arrhythmia
detection and monitoring processes and designed the transformative
MoMe® Kardia platform to remove the roadblocks hindering faster,
more effective diagnosis and decision-making. Frost & Sullivan
bestowed the 2019 North American Remote Cardiac Monitoring
Technology Leadership Award upon InfoBionic.
Forward-looking StatementsExcept for the
historical information and discussions contained herein, statements
contained in this release may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Our forward-looking statements are
subject to risks and uncertainties. Forward-looking
statements include, but are not limited to, statements regarding
Safeguard's ability to maximize the value of monetization
opportunities of its ownership interests and drive total
shareholder returns, Safeguard's initiatives taken or contemplated
to enhance and unlock value for all of its shareholders,
Safeguard's efforts to execute on and implement its strategy to
streamline its organizational structure, reduce its operating
costs, pursue monetization opportunities for ownership interests
and maximize the return of value to its shareholders, Safeguard's
ability to create, unlock, enhance and maximize shareholder value,
the effect of Safeguard's management succession plan on driving
increased organizational effectiveness and efficiencies, the
ability of the management team to execute Safeguard's strategy, the
availability of, the timing of, and the proceeds that may
ultimately be derived from the monetization of ownership interests,
Safeguard's projections regarding the reduction in its ongoing
operating expenses, Safeguard's projections regarding annualized
operating expenses and expected severance expenses, monetization
opportunities for ownership interests, and the amount of net
proceeds from the monetization of ownership interests that will
enable the return of value to Safeguard shareholders after
satisfying working capital needs and the timing of such return of
value. Such forward-looking statements are not guarantees of
future operational or financial performance and are based on
current expectations that involve a number of uncertainties, risks
and assumptions that are difficult to predict. Therefore,
actual outcomes and/or results may differ materially from those
expressed or implied by such forward-looking statements. The
risks and uncertainties that could cause actual results to differ
materially include, among others, our ability to make good
decisions about the monetization of our ownership interests for
maximum value or at all and the return of value to our
shareholders, our ability to successfully execute on our strategy
to streamline our organizational structure and align our cost
structure to increase shareholder value, whether our strategy will
better position us to focus our resources on the highest-return
opportunities and deliver enhanced shareholder value, the ongoing
support of our existing ownership interests, the fact that our
companies may vary from period to period, challenges to achieving
liquidity from our ownership interests, fluctuations in the market
prices of our publicly traded holdings, if any, competition, our
inability to obtain maximum value for our ownership interests, our
ability to attract and retain qualified employees, market
valuations in sectors in which our ownership interests operate, our
inability to control our ownership interests, our need to manage
our assets to avoid registration under the Investment Company Act
of 1940, risks, disruption, costs and uncertainty caused by or
related to the actions of activist shareholders, including that if
individuals are elected to our Board with a specific agenda, it may
adversely affect our ability to effectively implement our business
strategy and create value for our shareholders and perceived
uncertainties as to our future direction as a result of potential
changes to the composition of our Board may lead to the perception
of a change in the direction of our business, instability or a lack
of continuity that may adversely affect our business, and risks
associated with our ownership interests, including the fact that
most of our ownership interests have a limited operating history
and a history of operating losses, face intense competition and may
never be profitable, the effect of economic conditions in the
business sectors in which Safeguard's companies operate, and other
uncertainties described in our filings with the Securities and
Exchange Commission. Many of these factors are beyond
Safeguard's ability to predict or control. As a result of
these and other factors, Safeguard's past operational and financial
performance should not be relied on as an indication of future
performance. Safeguard does not assume any obligation to
update any forward-looking statements or other information
contained in this press release.
SOURCE Safeguard Scientifics, Inc.
Related Links
http://www.safeguard.com
SAFEGUARD CONTACT:
Mark Herndon
Chief Financial Officer
(610) 975-4913
mherndon@safeguard.com
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