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The World Economic Forum announces new class of technology pioneers for 2006: Ossur selected

ices and a distribution network throughout the world, and over 900 employees. Given its mission to offer people a life without limitations, Ossur allocates an industry record of approximately six to eight percent of its revenue on medical technology research and development, and provides extensive education programs through the Ossur Academy. The company also supports and sponsors numerous community outreach programs and non-profit organizations. Website: www.ossur.com.

"Ossur is pleased to be recognized as a Technology Pioneer" stated Jon Sigurdsson, president and CEO of Ossur. "This forum brings together companies that are helping to shape not just the future of technology and commerce, but also the future of our global culture. It is important that those involved develop a better understanding of one another. This presents a unique opportunity for Ossur," commented Sigurdsson.

Each year, members, constituents and collaborators of the World Economic Forum nominate Technology Pioneers. The criteria for selection include:

  1. Innovation. The company's technology must be truly innovative. A new version or repackaging of an already well-accepted technological solution does not qualify as an innovation. The innovation should be recent not more than two years old. The company should invest significantly in R&D.
  2. Potential Impact. This company's technology must have the potential to have a substantial long-term impact on business and society in the future.
  3. Growth and Sustainability. The company should have all the signs of a long-term market leader and should have well-formulated plans for future development and growth.
  4. Proof of Concept. The company must have a product on the market or have proven practical applications of the technology. Companies in "stealth" mode and companies with untested ideas or models will not qualify.
  5. Leadership. The company must have visionary leadership that plays
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Contact: Beverly Millson
beverly@missingsock.com
310-399-7599
Ossur
4-Dec-2005


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