Sonendo Announces Departure of Chief Financial Officer
08 März 2024 - 10:05PM
Business Wire
Sonendo, Inc. (OTCQX: SONX) (“Sonendo”), a leading dental
technology company and developer of the GentleWave® System, today
announced that Michael P. Watts is stepping down from the position
of Chief Financial Officer, effective March 15, 2024, to pursue new
opportunities. Chris Guo, Sonendo’s Vice President Finance and
Corporate Controller, has been appointed as Interim Chief Financial
Officer. Mr. Guo brings extensive experience leading corporate
accounting and finance functions. Sonendo’s Board of Directors will
conduct a search for a permanent Chief Financial Officer. It is
anticipated that following his resignation, Mr. Watts may work with
Sonendo from time to time on a consulting basis to ensure a smooth
transition.
“My time at Sonendo has been remarkable. Helping bring the
GentleWave technology to the broader market with an installed base
of over 1,000 systems and over one million procedures performed has
been very rewarding. I’m proud to have been part of a great team of
dedicated individuals and look forward to watching adoption of the
GentleWave procedure continue to expand. I want to thank Bjarne and
the Board of Directors for this great opportunity,” said Mr.
Watts.
“Since joining the Company in 2017, Mike has been a valuable
member of the executive team. He is an excellent business partner
and has made many contributions to our growth and success,
including having built strong finance and information technology
organizations,” said Bjarne Bergheim, President and Chief Executive
Officer of Sonendo. “We appreciate Mike’s contributions to the
Company and wish him and his family all the best.”
About Sonendo
Sonendo is a commercial-stage medical technology company focused
on saving teeth from tooth decay, the most prevalent chronic
disease globally. Sonendo develops and manufactures the GentleWave®
System, an innovative technology platform designed to treat tooth
decay by cleaning and disinfecting the microscopic spaces within
teeth without the need to remove tooth structure. The system
utilizes a proprietary mechanism of action, which combines
procedure fluid optimization, broad-spectrum acoustic energy, and
advanced fluid dynamics, to debride and disinfect deep regions of
the complex root canal system in a less invasive procedure that
preserves tooth structure. The clinical benefits of the GentleWave®
System when compared to conventional methods of root canal therapy
include improved clinical outcomes, such as superior cleaning that
is independent of root canal complexity and tooth anatomy, high and
rapid rates of healing and minimal to no post-operative pain. In
addition, the GentleWave® System can improve the workflow and
economics of dental practices and offers patients an effective,
less invasive, and less painful alternative to traditional root
canal therapy.
For more information about Sonendo and the GentleWave® System,
please visit www.sonendo.com. To find a GentleWave® doctor in your
area, please visit www.gentlewave.com.
Forward-Looking Statements
This press release includes forward-looking statements
(statements which are not historical facts) within the meaning of
the Private Securities Litigation Reform Act of 1995. These
statements include, but are not limited to, express or implied
forward-looking statements relating to the Company’s anticipated
business and financial performance on an on-going basis. You are
cautioned that such statements are not guarantees of future
performance and that our actual results may differ materially from
those set forth in the forward-looking statements. Forward-looking
statements are predictions, projections and other statements about
future events that are based on current expectations and
assumptions; speak only as of the date they are made; and, as a
result, are subject to risks and uncertainties that may change at
any time. Factors that could cause the Company’s actual results to
differ materially from these forward-looking statements are
described in detail in our registration statements, reports and
other filings with the Securities and Exchange Commission,
including the “Risk Factors” set forth in our Annual Report on Form
10-K, as supplemented by our quarterly reports on Form 10-Q. Such
filings are available on our website or at www.sec.gov. We
undertake no obligation to publicly update or revise
forward-looking statements to reflect subsequent developments,
events, or circumstances, except as may be required under
applicable securities laws. Readers are cautioned not to put undue
reliance on forward-looking statements, and the Company assumes no
obligation and does not intend to update or revise these
forward-looking statements, whether as a result of new information,
future events, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20240308816347/en/
Investor Contact: Gilmartin Group Greg Chodaczek
IR@Sonendo.com
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