CLEVELAND, Feb. 11, 2021 /PRNewswire/ -- ViewRay, Inc.
(Nasdaq: VRAY) announced the appointment of Phil Spencer to its Board of Directors,
effective February 9, 2021.
Mr. Spencer has a long track record of delivering substantial
financial value as a CEO and board member over the last 20 years.
He is currently the President and CEO of Mega-Broadband Investments
(MBI), a private-equity backed top-10 US cable operator that
acquires and invests in rural-focused cable systems. MBI recently
acquired Northland Communications, Eagle Communications, Vyve
Broadband, and FamilyView Cable, and currently passes 650,000 homes
& businesses in fifteen states.
Prior to MBI, Phil was Chief Executive Officer of NewWave
Communications which was acquired by CableOne. He previously held
numerous other CEO and Board of Director roles. A Marquette University graduate, Mr. Spencer holds a
bachelor's degree in Economics and Finance.
"ViewRay is a leading innovator with a promising opportunity to
become the standard of care in radiation oncology," stated
Phil Spencer. "I look forward to
serving on the board and being part of a team that is making a
profound impact on cancer patients around the world."
ViewRay also announced that D. Keith
Grossman has retired from its Board of Directors, effective
February 9, 2021.
"It has been a privilege to serve on ViewRay's board over the
last several years. I have watched the transition from an
early-stage, innovative technology company to a mature organization
with world class capabilities. I believe ViewRay will fulfill their
mission of 'treating and proving what others can't' as they execute
on the promising opportunity in front of them," said Keith Grossman.
"On behalf of ViewRay, I wish to thank Keith for the meaningful
impact he has made while serving on our board. He has been a key
partner and thought leader, and we wish him all the best.
Concurrent with Keith's departure, we are delighted to welcome Phil
to our board. He is an impressive leader with an extensive track
record of creating shareholder value, and we look forward to his
many contributions," said Dan Moore,
Chairman of the Board of ViewRay.
About ViewRay
ViewRay, Inc. (Nasdaq: VRAY), designs,
manufactures and markets the MRIdian radiation therapy system.
MRIdian is built upon a proprietary high-definition MR imaging
system designed from the ground up to address the unique challenges
and clinical workflow for advanced radiation oncology. Unlike MR
systems used in diagnostic radiology, MRIdian's high-definition MR
was purpose built to address specific challenges, including beam
distortion, skin toxicity, and other concerns that potentially may
arise when high magnetic fields interact with radiation beams.
ViewRay and MRIdian are registered trademarks of ViewRay, Inc.
ViewRay is a medical device manufacturer and cannot and does not
recommend specific treatment approaches. Individual results may
vary. The results described herein may not be predictive
Forward-Looking Statements
This press release
contains forward-looking statements within the meaning of Section
27A of the Private Securities Litigation Reform Act. Statements in
this press release that are not purely historical are
forward-looking statements. Such forward-looking statements
include, among other things, the rate of new orders, upgrades, and
installations, ViewRay's anticipated future operating and financial
performance, and ViewRay's conference calls to discuss its
quarterly results. Actual results could differ from those projected
in any forward-looking statements due to numerous factors. Such
factors include, among others, the ability to commercialize MRIdian
Linac System, demand for ViewRay's products, the ability to convert
backlog into revenue, the timing of delivery of ViewRay's products,
the timing, length, and severity of the recent COVID-19
(coronavirus) pandemic, including its impacts across our businesses
on demand, operations and our global supply chains, the results and
other uncertainties associated with clinical trials, the ability to
raise the additional funding needed to continue to pursue ViewRay's
business and product development plans, the inherent uncertainties
associated with developing new products or technologies,
competition in the industry in which ViewRay operates, and overall
market conditions. For a further description of the risks and
uncertainties that could cause actual results to differ from those
expressed in these forward-looking statements, as well as risks
relating to ViewRay's business in general, see ViewRay's current
and future reports filed with the Securities and Exchange
Commission, including its Annual Report on Form 10-K for the fiscal
year ended December 31, 2019 and its
Quarterly Reports on Form 10-Q, as updated periodically with the
company's other filings with the SEC. These forward-looking
statements are made as of the date of this press release, and
ViewRay assumes no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements,
except as required by law.
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SOURCE ViewRay, Inc.