Peter H. Sayet
President, Chief Executive Officer Mr. Sayet has over 25 years of experience in the health care industry. From 1981-1986, Mr. Sayet served as the key operations executive at Sayet Associated Pathologist Reference Laboratory, Inc. (SAPRL), a family owned company. He was instrumental in operating SAPRL through difficult financial times and was responsible for opening significant new markets and pioneering the computerization of the company during the early stages of the computer “revolution”. In 1987, Mr. Sayet conceived of, planned, founded and developed the Institute for Laboratory Medicine, Inc. (ILM), a 10,000 sq. ft. state-of-the-art medical laboratory facility. In just 2½ years, under Mr. Sayet’s guidance, ILM became the largest physician-owned medical laboratory in the nation, boasting over 500 physician owners and almost $10,000,000 in annual revenues. Within the ILM business plan, Mr. Sayet conceived of and guided the creation of the first ever bi-directional communication link between remote client and lab. That lab linkup is still state-of-the-art today. After leaving ILM in 1991, Mr. Sayet has continued to work on various other business plans, culminating in the formation of the Company and the conception and development of the PSS Flow Control Device technology. Subsequently, Mr. Sayet has now guided the PMD Company since its inception, including the accumulation of 8 US and 14 foreign patents on the PSS Flow Control Device technology while also completing the development and implant testing of six generations of the device, as well as, completing the Company’s first full manufacturing run of the device, which was followed by a 20-month implant testing protocol designed to verify the new technology is operating as designed without glitches in either the mechanical functions or software systems.
Vice President, Secretary
With the recent passing of our colleague, Dr. Francisco “Paco” Tejada the Company is conducting a search for bona fide candidates to fill these officer positions. In the interim, Mr. Sayet will temporarily resume the responsibilities as Secretary of the Company as he did prior to Dr. Tejada taking over those positions.