Angeion Announces CEO Departure and Names Interim CEO, Gregg O. Lehman Interim CEO Effective Immediately

Angeion Corporation

today announced that Philip I. Smith has resigned as the Chief Executive Officer of Angeion Corporation following the mutual decision of Mr. Smith and the Company's board of directors. Mr. Smith became President and CEO of the Company effective January 1, 2011 pursuant to a letter agreement that provided for at-will employment. Consistent with his decision, Mr. Smith has withdrawn his name for re-election as a director at the Company's 2011 Annual Meeting of Shareholders to be held on May 26, 2011. Mark W. Sheffert, Chairman of the Company, stated, "Our board of directors, management and employees are grateful for Phil's contributions to our Company, first as a director starting in 2007 and more recently as our Chief Executive Officer. We thank Phil for his service with the Company and extend our best wishes to him in connection with future endeavors that he may pursue.”