The Company

Oxymap is an Icelandic company whose flagship product is the Oxymap T1 – a solution for non-invasive ocular measurements. The company produces novel imaging products and services targeted towards eye-care professionals and clinical researchers to further the understanding of common eye diseases.
A team of researchers established Oxymap in Reykjavik in 2002. Their efforts lead to the creation of the Oxymap T1 add-on for a fundus camera, which allows for non-invasive retinal oxygen saturation and vessel-width measurements. The device and accompanying software provide user-friendly access to metabolic and structural information with a single image. Customers at many international institutions are currently relying on the Oxymap T1 for their investigations.
The Oxymap development team places a high value on customer feedback as it continually improves the device and software. The bulk of product assembly is carried out by specialised contractors and the final validation performed in-house. Installation, training and customer support for the Oxymap T1 are carried out by experienced employees. An ISO 13485-based quality management process guides the constant improvement of the device, software and customer experience.

Quality Policy

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Board of Directors

Einar Stefansson

Einar Stefansson, M.D., Ph.D., professor of ophthalmology, has applied himself for the past twenty-five years to research in the oxygen metabolism of the retina and has published over one hundred peer reviewed articles on the subject. Pr. Stefansson is also the executive editor of Acta Ophthalmologica.

Einar Stefansson

Jenny Ruth Hrafnsdottir, Jenny holds a Dipl.-Ing. degree in micro engineering (MEMS) from the University of Karlsruhe in Germany and B.S. in mechanical and industrial engineering from the University of Iceland. She works as an investment manager at the New Business Venture fund in Iceland with emphasis on the Medical Device portfolio, taking active board role in VC backed firms. Prior to that she worked as a VP of Marketing at BiOM Inc in Boston, USA, CEO of Krumma ehf and a Product Manager at Ossur ehf. She holds international IPs, both technical and architectural, and joined the board of Oxymap in 2015.

Gisli Hreinn Halldorsson

Gisli Hreinn Halldorsson, M.Sc., engineer, managed the overall technical development and interface between hardware and software for the oximeter. Gisli was with the company from 2002 to 2015 and contributed to the implementation of computational algorithms, building and testing of oximetry systems, and data analysis. He co-designed the software for oximetry measurements. He now works for deCODE genetics.

Smari Thorarinsson

Smari Thorarinsson, Smari has been the CFO of NSA Ventures since the fund’s inception in 1998. Before joining NSA Ventures, he enjoyed a long career at The Fisheries Investment Fund from 1978 where he became chief accountant in 1995.

Sigridur Snaevarr

Sigridur Snaevarr, Sigridur was appointed
ambassador at the age of 38, 25 years ago, the first Icelandic woman to hold this position. She started her diplomatic career in the Soviet Union in 1979 at the height of the Cold war. After a career, in Germany and later as Ambassador in Stockholm, South Africa during Nelson Mandela and as ambassador in Paris, Rome, Lissabon and Madrid, she took a temporary leave of absense from the diplomatic service to start her own company to train 1100 jobseekers from all walks of life in the aftermath of the Economic crisis of 2008, working closely with start-ups in the process. Now, back in the foreign service she trains diplomats both as new- comers and couches ambassadors before they leave for a posting. She has been with Oxymap for years.

The Team

Robert Arnar Karlsson
Robert Arnar Karlsson, CEO of Oxymap, M.Sc., engineer, software development manager, specializes in signal and image processing. Robert has been with Oxymap since 2003 and co-designed the software for oximetry measurements.

Svava Agustsdottir
Svava Agustsdottir, MSc, engineer, graduated from the University of Reykjavik with a BSc in Biomedical Engineering in 2009 and from the University of Strathclyde with an MSc in Bioengineering in 2011. Previously she worked for Parlogis hf. in customer service. She was responsible for the stock control and importation of research material and hospital products. Before that she worked for Össur hf. in the Product Information department. She handled layouts of various product information such as manuals and instructions for use. She also assisted with managing projects utilizing a process specifically designed for product information management. Svava started working for Oxymap in January 2012 and is responsible for hardware and software testing as well as assisting the Quality Manager.

Scientific Advisory Board

Alon Harris

Alon Harris is the head of the scientific advisory board. Pr. Harris is an internationally renowned thought leader and researcher in the field of ocular blood flow and metabolism. He has authored or co-authored more than two hundred peer reviewed journal articles, nine books and thirty-five book chapters. Among other awards he is a recipient of the William and Mary Greve International Research Scholar Award from Research to Prevent Blindness. He is the Lois Letzter endowed professor of ophthalmology and professor of cellular and integrative physiology at Indiana University School of Medicine, Indianapolis, Indiana, USA.

Thor Eysteinsson

Thor Eysteinsson, Ph.D., professor of physiology, completed his Ph.D. from the City University of New York. He has since dedicated himself to researching the physiological aspects of the eye. Pr. Eysteinsson has been involved in extensive studies of oxygen metabolism in animals and he has been with Oxymap since its foundation, as well as during the research and development phase prior to the inception of the company.

James Melvin Beach

James Beach has been one of the foremost researchers in oximetry for the past few decades. Dr. Beach co-developed the original dual-wavelength digital retinal oximeter and continues to support Oxymap’s product development program. He has been awarded grants for oximetry studies of diabetic retinal complications and received an IPM award for a physiology measurement apparatus, along with patents for optical devices and imaging algorithms. Dr. Beach also developed hyperspectral imaging methods for oximetry research. He is a resource for the Oxymap engineering staff on design, manufacturing and testing for our products, and planning for future products.

Sveinn Hakon Hardarson

Sveinn Hakon Hardarson, PhD in biomedical sciences, has worked on retinal oximetry since 2005. He has performed testing and clinical studies with the Oxymap T1 oximeter and a previous prototype. Sveinn has published 14 scientific articles on the use of retinal oximetry technology. His PhD project was performed with a previous prototype of the Oxymap oximeter. Sveinn has extensive knowledge on oximetry technology and retinal physiology.

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