Mazor Robotics Commercially Launches Mazor X at the North American Spine Society (NASS) Annual Meeting
October 26 2016 - 4:30AM
Business Wire
Market’s Enthusiasm Generates Pre-Launch Orders
from U.S. Customers
Mazor Robotics Ltd. (TASE:MZOR; NASDAQGM:MZOR), a pioneer and a
leader in the field of surgical guidance systems, launched Mazor X,
a transformative platform for spine surgeries at the North American
Spine Society (NASS) annual meeting being held in Boston,
Massachusetts from October 26 – 29. The Mazor X system represents a
new surgical assurance platform for predictable surgery and patient
benefit and it will be displayed at the Mazor and Medtronic booths,
#931 and #1015, respectively.
"The Mazor X system is the culmination of a multi-year
development effort by our team of robotic, algorithm and imaging
experts, incorporating market feedback gathered from thousands of
clinical cases performed with the Mazor core technology. It
exemplifies our vision of healing through innovation and our
ongoing dedication to patients by expanding guidance capabilities
in the spine operating room,” commented Ori Hadomi, Chief Executive
Officer. “Mazor X is a transformative guidance system with advanced
features and sophisticated integrative abilities. We believe it can
change the way spine surgeries are performed.”
The commercial release of the Mazor X is a significant milestone
for Mazor as well as for the Company's strategic partnership with
Medtronic that was announced in May 2016. Since signing the
agreement in May, Mazor and Medtronic have invested in
co-marketing, promotion, and training efforts towards
commercialization of the Mazor X. The two companies, between them,
now have hundreds of highly experienced capital and clinical
specialists who are trained on Mazor X, who will be responsible for
raising the awareness of, selling and supporting the Mazor X
system. In response to the pre-launch activity by Mazor and
Medtronic, dozens of surgeons have attended Mazor’s labs and been
introduced to the Mazor X.
In July 2016, Mazor first unveiled the Mazor X. "The pre-launch
interest has been exceptional and we are excited to publicly
introduce the Mazor X at the prestigious NASS annual meeting. We
expect that today’s announced commercial availability will further
increase the momentum we are experiencing and drive the future
sales of Mazor’s portfolio of products - the advanced Mazor X
platform and the clinical workhorse Renaissance system," commented
Mr. Hadomi.
Due to this rising interest, the Company established an exchange
(post-sale) program for existing U.S. Renaissance users to expand
to the Mazor X system. Since the July unveiling, the Company has
received three pre-launch orders prior to today’s commercial
launch, with scheduled deliveries by the end of the 2017 first
quarter. Additionally, the Company also received a purchase order
from Medtronic for 15 Mazor X systems.
About Mazor Robotics
Mazor Robotics (TASE: MZOR; NASDAQGM: MZOR) believes in healing
through innovation by developing and introducing revolutionary
technologies and products aimed at redefining the gold standard of
quality care. Mazor Robotics Guidance Systems enable surgeons to
conduct spine and brain procedures in an 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 future sales of Mazor’s
products, the interest in and benefits of Mazor X, scheduled
deliveries of Mazor X, 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20161026005568/en/
EVC GroupMichael Polyviou,
732-232-6914mpolyviou@evcgroup.comorInvestorsDoug Sherk,
415-652-9100dsherk@evcgroup.com
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