RICK RICHARDS JOINS SEPROX MANAGEMENT ADVISORY BOARD
THE WOODLANDS - January 12, 2009 – SeprOx Corporation today announced that Rick Richards has joined their Management Advisory Board effective immediately. Mr. Richards is an entrepreneur with more than twenty-five years experience in the healthcare industry. He served as President/CEO of Richards Healthcare, Inc., one of the nation’s premiere rehabilitation service providers, which he founded and managed from 1991 to 2006. Richards Healthcare Inc. was ultimately sold to HCR ManorCare, based in Toledo, Ohio. During his tenure with Richards Healthcare, Rick was honored as a finalist for Houston’s Entrepreneur of the Year in 1995 and his company was recognized as one of Houston’s Top 100 Companies. Prior to 1991, he served in a number of middle and senior management positions, eventually becoming President/CEO of Tinsley Physical Therapy, a private Houston company which was later sold to MedRehab.
In addition to being actively involved in the community, Rick currently serves on the Executive Board for The Cox School of Business (Southern Methodist University), the Advisory Board for Advanced ICU (a St. Louis based company that provides high quality critical care and intensive care physician services via telemedicine), and on the Advisory Board for Therapy Track (a Houston based company that offers a real time staff productivity solution to healthcare facilities nationwide).
“We could not be more pleased that Rick has agreed to join our team,” stated Dr. Robert C. Schucker, Chairman and CEO of SeprOx. “He brings a wealth of business experience directly related to the healthcare industry that will be invaluable as we begin the commercial launch of our medical oxygen generators.”
About SeprOx Corporation
SeprOx Corporation, located in The Woodlands, TX, was established in 2008 as a wholly owned subsidiary of Trans Ionics Corporation (TIC) to scale up and commercialize groundbreaking technology capable of separating virtually pure oxygen from air using a proprietary membrane material under exclusive license from the University of Houston. Applications of the technology range from small medical oxygen generators to large industrial oxygen systems for clean coal combustion and gasification.
SeprOx is a client company of the Houston Technology Center and is currently under active consideration for an Emerging Technology Fund award from the State of Texas. The Company expects to complete fabrication of a working prototype of its five liter per minute portable medical oxygen generator for patients that have chronic obstructive pulmonary disease within twelve months.