Business & Finance
Business and Finance
Business and Finance
Wed, May 25, 2011 InVivo Therapeutics Sponsors Boston Sailing Initiative for the Disabled
CAMBRIDGE, Mass.--([ BUSINESS WIRE ])--InVivo Therapeutics (OTCBB: NVIV), a company focused on the development of groundbreaking technologies for the treatment of spinal cord injuries (SCI), today announced that the Company has entered into a sponsorship agreement with Boston-based Piers Park Sailing Center (PPSC) to support a non-profit sailing initiative for the disabled.
"The Adaptive Sailing Program at PPSC and InVivo share the same vision of giving people with disabilities the tools to live active and empowered lives"
The Companya™s sponsorship agreement is a three-year commitment to support the Adaptive Sailing Program, which fosters rehabilitation, recreation and empowerment for people with disabilities through sailing. The nationally recognized program, which has twice been awarded the aOutstanding Program for Disabled Sailorsa award by US Sailing, hosts clinics and events for the community including underserved children with disabilities and disabled veterans.
aThe Adaptive Sailing Program at PPSC and InVivo share the same vision of giving people with disabilities the tools to live active and empowered lives,a said Frank Reynolds, CEO of InVivo Therapeutics. aBy developing groundbreaking new approaches to treatment and by supporting initiatives that support people with SCI and other physical disabilities, InVivo is committed to shaping a better present and future for SCI patients. After my spinal cord injury in 1992, the possibility of captaining my own sailboat on Boston Harbor would have been a true fantasy. The Adaptive Sailing Program makes that a reality for people with all kinds of disabilities.a
Said Maureen McKinnon-Tucker, Director of the Adaptive Sailing Program, aThis program was created and designed to be an empowering sailing opportunity unlike anywhere else in the country. Sailing as a captain rather than as a passive passenger is a dream come true for all our paralyzed sailors, especially for our quadriplegics. Our Sip & Puff system integrates full control of the boat's steering using just their breath. This innovative system is truly a rare recreational gift to empower those who have lost use of their arms, maybe also lungpower, as well as their legs. Frank Reynolds is a well respected visionary in our paralysis community and we couldn't be prouder to be both supported and associated with InVivo and their incredible mission.a
Earlier this year the Company also announced sponsorship of the organization Sail, Challenge, Inspire Inc. to support McKinnon-Tuckera™s Paralympic Sailing Campaign in 2011 and 2012, during which McKinnon-Tucker and her teammates will be competing for the chance to participate in the 2012 Paralympic Games in London.
For more information about this release, please visit [ http://nviv.irnewsroom.com/news-and-media ] or click [ here ].
For more information about the Adaptive Sailing Program, please visit [ http://piersparksailing.org/adaptive-sailing ].
About InVivo Therapeutics
InVivo Therapeutics Holdings Corp. is a Cambridge, MA medical device company focused on utilizing polymers as a platform technology to develop treatments to improve function in individuals paralyzed as a result of traumatic spinal cord injury. The company was founded in 2005 on the basis of proprietary technology co-invented by Robert Langer, ScD, Professor at Massachusetts Institute of Technology, and Joseph P. Vacanti, MD, who is affiliated with Massachusetts General Hospital in Boston.
About Piers Park Sailing Center
Piers Park Sailing Center (PPSC) is located at the heart of Boston Harbor in Bostona™s newest award-winning waterfront park. PPSC is the closest non-profit recreational sailing center to downtown Boston and easily accessible to all of Greater Boston. PPSCa™s mission is to provide recreational, educational and personal growth opportunities for people of all ages and abilities. Its youth program serves more than 700 of the citya™s most at-risk youth every year with a comprehensive curriculum of adventure, learning and empowerment. PPSCa™s adult sailing club provides adults with world-class sailing and instruction on Boston Harbor and throughout the Boston Harbor Islands just minutes from downtown while helping to support the youth program. All of PPSCa™s programs have been nationally recognized for adaptive sailing accessibility. Led by 2008 Paralympic Gold Medalist Maureen McKinnon-Tucker, PPSC serves people of all ages with a wide range of physical and cognitive disabilities.
Safe Harbor Statement
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements within the meaning of the federal securities laws. Any forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties. The factors that could cause actual future results to differ materially from current expectations include, but are not limited to, risks and uncertainties relating to the Company's ability to sell additional shares of common stock, the Company's ability to develop, market and sell products based on its technology; the expected benefits and efficacy of the Companya™s products and technology in connection with spinal cord injuries; the availability of substantial additional funding for the Company to continue its operations and to conduct research and development, clinical studies and future product commercialization; and, the Company's business, research, product development, regulatory approval, marketing and distribution plans and strategies. These and other factors are identified and described in more detail in our filings with the SEC, including, our Form 10-K and Form 10-Q and our current reports on Form 8-K. We do not undertake to update these forward-looking statements made by us.
