Shape Management Profiles

Stephen Anderson, Chairman and CEO. Mr. Anderson obtained his BSEE from the University of Minnesota in 1970 before joining Sperry Univac’s Defense Systems Division to develop computer aided software design applications. Steve brought his programming skills into broader application, selling building automation systems for Honeywell, computer graphics display equipment for Tektronix, and computer aided design systems for Computervision. While with Tektronix, Anderson sold the world’s first desktop computer with graphic display capabilities to a variety of companies and institutions. One of the early adaptors of the new technology was Dr. Richard Lillehei at the University of Minnesota. This experience led to the founding of Medical Graphics Corporation in 1978. After two rounds of angel investment, the company went public in 1981. Steve directed the development of, and patents for, the industry’s first breath-by-breath cardiopulmonary exercise testing system, which became the industry standard for such systems until today. In the process, Anderson became familiar with all of the leading physicians in the field of cardiopulmonary testing worldwide. With Dr. MacCarter, Anderson developed and filed various patents describing the Shape Medical Technology.

Clarence Johnson, President and Chief Operating Officer. Mr. Johnson holds a Master of Science degree in microbiology (biochemistry) from the University of Minnesota. He is formerly president & chief executive officer of Bioenergy, Inc., an early stage pharmaceutical/nutrceutical company with proprietary core technology targeting cardiovascular and skeletal muscle medical applications. Since 1984, Mr. Johnson has worked with emerging and growth stage biotechnology and med-tech companies in the areas of corporate finance and operations management. Mr. Johnson holds several patents and has published extensively in medical and lay publications.

Dean MacCarter, MS, Ph.D., Vice President Clinical Affairs. Dr. MacCarter’s educational history includes BS, Montana State; MS, Colorado State University, 1975; PhD, University of Minnesota, Cardiovascular Physiology 1979; Post Doctoral Fellowship, University of Minnesota, School of Medicine, Department of Surgery, Cardiovascular and Electrophysiology with Dr. Richard Lillehei. His prior positions include Director of Clinical/Scientific Investigations for Biotronic, ELA Medical, Telectronics (U.S. and Germany), Medical Graphics, Angiomedics, and Cardiac Pacemakers. Dr. MacCarter is a member of the Heart Rhythm Society of America, the primary scientific group for the pacemaker industry, for which he further serves as a clinical review board member. Dean has established numerous relationships with key physicians and researchers in the pacemaker industry and has authored over 50 scientific journal articles related to the Shape Medical methodology.

Tim Hunter, Vice President Research and Development. Mr. Hunter obtained his BS in Computer Science Engineering from California State University (Long Beach) in 2003. Hunter has collaborated with the Engineering-Biomedical Department as the University of California, Irvine, on an eye replacement technology and his most recent experience was the overall product software development and hardware integration of an enhanced external counter pulsation (ECP) system for treating angina. His successful experience as an innovative manager of medical device development has been applied to the development of the Shape-HF System. Because of his extensive network of biomedical IT experts in academia, the Company’s systems incorporate the most current technology related to medical device computerization, enhancing the Company’s technological reputation with medical research institutions.