Langer, Inc., New York, New York, has changed its name from Langer, Inc. to PC Group, Inc. The name change was approved at the company’s 2009 annual meeting of stockholders held on July 14, 2009. The company also announced that its stock ticker symbol on the NASDAQ Global Market has been changed from “GAIT” to “PCGR,” effective at the commencement of trading on Friday, July 24, 2009.
According to a Langer press release, the new name more accurately reflects the company’s current business model and scope of its product offerings. The company has historically designed, manufactured, and distributed a broad range of medical products targeting the orthopedic, orthotic, and prosthetic markets. Today, the company’s offerings include primarily personal care products for the private-label retail, medical, and therapeutic markets.
“We believe that our new name will further strengthen our identity to our customers and the marketplace,” said Gray Hudkins, the company’s president and chief executive officer.