Wednesday, May 16, 2012

Zynex, Inc. (ZYXI) President and CEO Nominated as Finalist for Prestigious Ernst & Young Entrepreneur of the Year Award

Today, Zynex, a developer of advanced non-invasive devices for a variety of medical functions ranging from cardiac monitoring and electrotherapy, to neurological diagnosis and actual stroke rehabilitation, was pleased to announce that the Ernst & Young Entrepreneur of the Year® 2012 program (Mountain Desert region – Arizona, Colorado, and New Mexico) has named the company’s President and CEO, Thomas Sandgaard, as one of the top three finalists for this coveted award.

Only the top innovators, who have shown the ability to deliver financial performance as well as a strong dedication both to the business and the communities in which the business operates, are selected each year for recognition as outstanding entrepreneurs. Needless to say, this is a huge boon both for the company and for Mr. Sandgaard, who was selected by the independent panel of judges, and who will be on hand June 28 at the Seawell Ballroom (Denver Center for the Performing Art) gala awards ceremony.

While eager to win this crowning achievement, ZYXI’s top man knows that it is the hard work, dedication, and constant drive to excel by the entire company team, which has propelled Zynex to its position of success thus far. From rather humble beginnings in 1996, to today handling all aspects of engineering, manufacturing, marketing, and selling the wide array of (chiefly electrotherapy) pain managing and rehabilitation devices the company offers, ZYXI has had quite the meteoric rise in the medical device industry. Today the company’s fully developed line of FDA-cleared products is seen all over the world.

ZYXI consists of three divisions, each of which is dedicated to a specific area: Zynex Medical, Zynex Monitoring Solutions, and Zynex NeuroDiagnostics. Zynex NeuroDiagnostics for instance, is responsible for the superb NeuroMove device, something stroke and spinal cord injury sufferers could have only dreamt of decades ago. This strong technical platform shows abundant promise in a variety of markets and the company is rapidly moving to aggress the parallel EMG, EEG, auditory, sleep pattern, and nerve conductivity (diagnosing neurological disorders) device spaces via ongoing development of the portfolio of technology, as well as shrewd acquisitions of identified technologies with serious potential.

This will mark the 26th annual Ernst & Young Entrepreneur Of The Year award, a symbol that has come to stand for as the par excellence metric whereby to judge the potential, vision, and leadership of the best and brightest entrepreneurs. The award is a true, unique hallmark, standing as the only global award of its kind for recognizing the most dynamic and capable businesses in over 140 cities and 50 countries worldwide, driving that recognition via an ingeniously localized model (having regional, national, and also global awards in the program).

Regional winners get kicked up to the nationals and announcements will be made for the Ernst & Young National Entrepreneur of the Year Overall Award, this Nov 17, at the awards ceremony in Palm Springs, CA. The awards themselves mark a culmination of the larger Ernst & Young Strategic Growth Forum, a national assemblage of high-growth companies and market leaders.

The Entrepreneur of the Year Awards are nationally funded by SAP America and the Ewing Marion Kauffman Foundation, and are founded/produced by Ernst & Young LLP, with localized sponsorship in the Mountain Desert region coming from a variety of sources, including ADP, CliftonLarsonAllen, The Denver Business Journal, Faegre Baker Daniels, JohnstonWells Public Relations, and Scherzer International. Ernst & Young is recognized as a global leader in advisory, transaction, and tax services, as a global organization of firms, serving just about every industry you can think of.

Quite the major coup for ZYXI, which has already established a solid reputation in the medical device space and now looks to go even further after being recognized via CEO Sandgaard for exceptional performance in the space.

For more information about today’s announcement, or to learn more about Zynex, Inc., please click your way over to the company’s website at: www.ZynexMed.com

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