Colorado-based company Zynex announced it has increased orders for the month of August 2008 by 121%. Zynex (OTCBB: ZYXI) is a provider of pain management systems and electrotherapy products for patients with functional disability.
Zynex, founded in 1996, received 2,252 orders in August versus 1,021 orders 12 months ago. The increase in demand for Zynex products is an indication that the young company is quickly becoming a leader in its field.
The company is led by CEO Thomas Sandguaard who founded Zynex in 1996. Sandguaard holds an MBA from the Copenhagen Business School and had a successful career in Europe in the semiconductor, telecommunications and medical equipment industry.
Sandguaard and Zynex gained national attention on June 29th, 2005 when Sandguaard told the Wall Street Transcript that Zynex developed the Nueromove, which is a new and innovative device to help stroke survivors and those suffering spinal cord injuries to regain movement for the impaired regions of their body. Since that time, Zynex has continued to make waves in its field.
On the Zynex web site (www.zynexmed.com), a statement reads: “The Company is founded on the principle that a commitment to high quality patient life through noninvasive rehabilitation products can be profitable as well as a rewarding endeavor.” Zynex is clearly living up to their goals and the increase in their orders is a sign of things to come.
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