Mazor Robotics Receives Eleven Renaissance Systems Orders During the Second Quarter of 2016
July 06 2016 - 4:30AM
Business Wire
Mazor Robotics Ltd. (TASE:MZOR; NASDAQGM:MZOR), a developer of
innovative guidance systems and complementary products, announced
today that it received orders for eleven Renaissance systems in the
second quarter ended June 30, 2016. The Company received orders for
six systems in the U.S., including two systems with the brain
module. Internationally, the Company received purchase orders for
five systems from its distribution partners, including three
systems in China, one in Italy and one in Australia. As of June 30,
2016, one of the three systems in China was delivered to the
Chinese distribution partner and the two others will be delivered
during the second half of 2016.
“The continued interest in the Renaissance system and the solid
execution of our growth strategies reaffirm my view that 2016 will
be a year of significant growth for Mazor,” commented Ori Hadomi,
Chief Executive Officer. “We received purchase orders for eleven
Renaissance systems during the second quarter – the second highest
amount in our history. Three of these systems in the U.S. were
installed at HCA-affiliated hospitals. We are encouraged in our
strengthening relationship with this hospital company and look
forward to serving more of the hospitals in the chain.
Internationally, we received purchase orders for five systems in
Europe and Asia, including an order for three systems in China. I
remain encouraged about our prospects in China and reaffirm our
long-term positive view on the market opportunity for Renaissance
in this fast growing market.”
Mazor Robotics ended the second quarter with an installed base
of 122 Renaissance systems globally, including 74 in the U.S., the
Company’s primary growth market. The Company expects that revenue
related to some of the systems ordered in the second quarter of
2016 may be recognized in future periods. The Company currently
intends to report its complete financial results for the second
quarter ended June 30, 2016 during the month of August.
About Mazor
Mazor Robotics (TASE: MZOR; NASDAQGM: MZOR) believes in healing
through innovation by developing and introducing revolutionary
robotic-based technology and products aimed at redefining the gold
standard of quality care. Mazor Robotics Renaissance® Guidance
System enables surgeons to conduct spine and brain procedures in a
more accurate and secure manner. For more information, please visit
www.MazorRobotics.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
and other securities laws. Any statements in this release about
future expectations, plans or prospects for the Company, including
without limitation, statements regarding the market for the
Company’s products, the Company’s prospects in China, revenue
recognition for the quarter ended June 30, 2016, the intended
release date of the financial results for the quarter ended June
30, 2016, and other statements containing the words “believes,”
“anticipates,” “plans,” “expects,” “will” and similar expressions
are forward-looking statements. These statements are only
predictions based on Mazor's current expectations and projections
about future events. There are important factors that could cause
Mazor's actual results, level of activity, performance or
achievements to differ materially from the results, level of
activity, performance or achievements expressed or implied by the
forward-looking statements. Those factors include, but are not
limited to, the impact of general economic conditions, competitive
products, product demand and market acceptance risks, reliance on
key strategic alliances, fluctuations in operating results, and
other factors indicated in Mazor's filings with the Securities and
Exchange Commission (SEC) including those discussed under the
heading "Risk Factors" in Mazor’s annual report on Form 20-F filed
with the SEC on May 2, 2016 and in subsequent filings with the SEC.
For more details, refer to Mazor's SEC filings. Mazor undertakes no
obligation to update forward-looking statements to reflect
subsequent occurring events or circumstances, or to changes in our
expectations, except as may be required by law.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160706005321/en/
Mazor Robotics Ltd.U.S. Contacts:EVC GroupMichael
Polyviou, 212-850-6020Investorsmpolyviou@evcgroup.comorDoug Sherk,
415-652-9100Investorsdsherk@evcgroup.comorDavid Schemelia,
646-201-5431Mediadave@evcgroup.com
Mazor Robotics (NASDAQ:MZOR)
Historical Stock Chart
From Jan 2025 to Feb 2025
Mazor Robotics (NASDAQ:MZOR)
Historical Stock Chart
From Feb 2024 to Feb 2025