Microtek Medical Holdings Enters Into Manufacturing Services Agreement With Intuitive Surgical
March 24 2005 - 11:12AM
PR Newswire (US)
Microtek Medical Holdings Enters Into Manufacturing Services
Agreement With Intuitive Surgical ALPHARETTA, Ga., March 24
/PRNewswire-FirstCall/ -- Microtek Medical Holdings, Inc.
(NASDAQ:MTMD) today announced that it has entered into a
manufacturing services agreement with Intuitive Surgical, Inc.
(NASDAQ:ISRG). Under the agreement, Microtek will supply Intuitive
Surgical with several of its leading infection control products,
including sterile disposable draping products and accessories,
which will be used in conjunction with Intuitive Surgical's leading
operative surgical robotic equipment. Microtek Medical and
Intuitive Surgical first began their collaborative efforts in 1999.
Over the last five years, the relationship between Microtek Medical
and Intuitive Surgical has steadily grown and, in anticipation of
further expansion, was recently formalized into a manufacturing
services agreement. Microtek Medical and Intuitive Surgical are
both deeply committed to improving the quality of patient care in
the surgical environment and decreasing rates of infection
following surgical procedures. Combining Microtek's infection
control products and accessories with Intuitive Surgical's
operative surgical robotic equipment better enables surgeons to
perform surgical procedures while minimizing the invasive aspects
of certain surgeries. As a result, patients experience faster
recovery times, reduced trauma, lower levels of anesthesia and
reduced risk of infection. Dan R. Lee, Microtek's President and
CEO, commented, "We are very proud of our long-standing
relationship with Intuitive Surgical, a company that shares our
commitment to innovation and excellence. We are also very excited
about formalizing that relationship with this agreement which
emphasizes our advanced manufacturing capabilities, our innovative
product offerings and our steadfast commitment to customer service
and satisfaction. Expanding Microtek Medical's relationships with
market leaders such as Intuitive Surgical is a key aspect of our
business strategy. We look forward to this and future partnering
opportunities with Intuitive Surgical." About Microtek The Company,
a market leader in the healthcare industry, develops, manufactures
and sells infection control products, fluid control products and
safety products to healthcare professionals for use in environments
such as operating rooms and outpatient surgical centers. About
Intuitive Surgical Founded in 1995, Intuitive Surgical manufactures
and distributes operative surgical robotic equipment based on
technology developed at SRI International (formerly known as
Stanford Research Institute). The Company's da Vinci(R) Surgical
System was the first totally "intuitive" laparoscopic surgical
robot, enabling surgeons to perform minimally invasive surgery
(MIS) and taking surgical precision and technique beyond the limits
of the human hand(R). More than 286 da Vinci Systems are in use in
major hospitals and surgical facilities throughout the United
States, Europe, Asia, and around the world. For more information,
visit http://www.intuitivesurgical.com/ . DATASOURCE: Microtek
Medical Holdings, Inc. CONTACT: Dan R. Lee, President and CEO, or
Jerry Wilson, CFO, or John Mills, Investor Relations, , all of
Microtek Medical, +1-800-476-5973 Web site:
http://www.microtekmed.com/ http://www.intuitivesurgical.com/
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