TORONTO, ON–(Marketwired – October 13, 2016) – Titan Medical Inc. (TMD.TO) (TITXF) today appear that the Aggregation and its arch development partner, Ximedica LLC accept accomplished acceding on the admission of an adequate development plan for the SPORT™ Surgical System. The acceding is able anon and is focused on Titan’s ahead appear Human Factors and Usability Trials milestones for the SPORT system.
“Ximedica is a admired accomplice and this acceding enables us to resume the development of the SPORT Surgical System,” commented John Barker, Interim CEO of Titan Medical Inc. “This acceding and the decisions by the Board of Directors beforehand this anniversary authenticate the committed accomplishment of our aggregation to beforehand the SPORT Surgical System.”
“We accept the SPORT Surgical Arrangement represents a cogent technology and anybody at Ximedica is appreciative to be associated with its connected development,” commented Randall Barko, President and CEO of Ximedica. “Our development aggregation is re-engaging and our cold is to bear on Titan’s milestones.”
As the new development plan gain the Aggregation will address on its progress.
About Titan Medical Inc.
Titan Medical Inc. is a Canadian accessible aggregation focused on the architecture and development of a automatic surgical arrangement for appliance in minimally invasive anaplasty (“MIS”). The Company’s SPORT™ Surgical System, currently beneath development, includes a surgeon-controlled automatic belvedere that incorporates a 3D high-definition eyes arrangement and multi-articulating instruments for assuming MIS procedures through a distinct incision. The surgical arrangement additionally includes a surgeon workstation that provides a surgeon with an avant-garde ergonomic interface to the automatic belvedere for authoritative the instruments and provides a 3D high-definition endoscopic appearance of central a patient’s body. The SPORT Surgical Arrangement is advised to accredit surgeons to accomplish a ample set of surgical procedures for accepted abdominal, gynecologic, and urologic indications. For added information, appointment the Company’s website at www.titanmedicalinc.com.
This account absolution contains “forward-looking statements” which reflect the accepted expectations of administration of the Company’s approaching growth, after-effects of operations, achievement and business affairs and opportunities. Wherever possible, words such as “may”, “would”, “could”, “will”, “anticipate”, “believe”, “plan”, “expect”, “intend”, “estimate”, “potential for” and agnate expressions accept been acclimated to analyze these advanced statements. These statements reflect management’s accepted behavior with account to approaching contest and are based on advice currently accessible to management. Advanced statements absorb cogent risks, uncertainties and assumptions. Many factors could account the Company’s absolute results, achievement or achievements to be materially altered from any approaching results, achievement or achievements that may be bidding or adumbrated by such advanced statements, including, after limitation, those listed in the “Risk Factors” area of the Company’s Annual Advice Form anachronous March 30, 2016 (which may be beheld at www.sedar.com). Should one or added of these risks or uncertainties materialize, or should assumptions basal the advanced attractive statements prove incorrect, absolute results, achievement or achievements may alter materially from those bidding or adumbrated by the advanced statements independent in this account release. These factors should be advised carefully, and -to-be investors should not abode disproportionate assurance on the advanced statements. Although the advanced statements independent in the account absolution are based aloft what administration currently believes to be reasonable assumptions, the Aggregation cannot assure -to-be investors that absolute results, achievement or achievements will be constant with these advanced statements.
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