Five year contract with Teleflex Medical
May 28 2010 - 2:00AM
UK Regulatory
TIDMSUN
RNS Number : 6891M
Surgical Innovations Group PLC
28 May 2010
+---------------------------------+---------------------------------+
| Press Release | 28 May 2010 |
+---------------------------------+---------------------------------+
Surgical Innovations Group plc
("SI" or "the Group")
Surgical Innovations wins five year contract with Teleflex Medical
Surgical Innovations Group plc (AIM: SUN), the designer and manufacturer of
innovative medical devices, is pleased to announce a five year worldwide
contract with Teleflex Medical ("Teleflex"), the designer, manufacturer and
distributor of medical devices for critical care and surgical applications. The
substantial contract is for the production of articulating handles with bespoke
laparoscopic instrumentation.
Building upon a previous relationship, Teleflex approached SI to develop new
handle technology. The articulating reusable handles have been under development
by Teleflex and SI for two years and the unique, flexible nature improves the
ergonomics and ease of use for surgeons performing keyhole surgery. SI retains
the full intellectual property rights for the devices, subject to the rights of
Teleflex to utilise the IP in the sale of the devices pursuant to the Supply
Agreement. The initial roll out of the technology will be throughout Europe with
the potential for expansion into the US.
Commenting on the agreement, Graham Bowland, Chief Executive Officer of SI,
said: "This order represents an important milestone for our OEM business. We
have been working successfully with Teleflex for more than 10 years and we are
delighted to continue this successful relationship. Our in-house design,
prototype and manufacturing facilities allow us to develop new and improved
technologies which can be used by Teleflex to provide their surgeons with an
innovative, cost effective laparoscopic device. We look forward to continuing
our collaboration with Teleflex as we strive to develop new technologies to help
surgeons perform less invasive surgeries."
- Ends -
For further information:
+-----------------------------------+-------------------------+
| Surgical Innovations Group plc | |
+-----------------------------------+-------------------------+
| Doug Liversidge, Non-Executive | Tel: +44 (0) 113 230 |
| Chairman | 7597 |
+-----------------------------------+-------------------------+
| | www.surginno.com |
+-----------------------------------+-------------------------+
| Graham Bowland, Chief Executive | Tel: +44 (0) 113 230 |
| Officer | 7597 |
+-----------------------------------+-------------------------+
| graham.bowland@surginno.co.uk | |
+-----------------------------------+-------------------------+
+-------------------------------------+------------------------------+
| Westhouse Securities Limited | |
+-------------------------------------+------------------------------+
| Tim Feather / Matthew Johnson | Tel: +44 (0) 113 246 |
| | 2610 |
+-------------------------------------+------------------------------+
| tim.feather@westhousesecurities.com | www.westhousesecurities.com |
+-------------------------------------+------------------------------+
Media enquiries:
+-----------------------------------+-------------------------+
| Abchurch Communications | |
+-----------------------------------+-------------------------+
| Sarah Hollins / Simone Elviss / | Tel: +44 (0) 20 7398 |
| Quincy Allan | 7728 |
+-----------------------------------+-------------------------+
| simone.elviss@abchurch-group.com | www.abchurch-group.com |
+-----------------------------------+-------------------------+
Notes to Editors:
About Surgical Innovations Group plc
Surgical Innovations Group plc specialises in the design and manufacture of
innovative devices for use in minimally invasive surgery and industrial markets.
The Group has two divisions; Surgical Innovations Limited and Haemocell
Limited.
The Group employs over 100 people at its 32,000 square feet facility in Leeds,
with in-house design and the manufacturing of products to the highest quality
standards. Through an established network of 45 distribution partners, SI sells
in all major medical markets including North America, Europe, South Africa, the
Middle East, South-East Asia and Australia.
Surgical Innovations Limited, the main trading subsidiary of the Group, is
focused on developing medical instruments for the laparoscopic surgery market -
minimally invasive surgery of the abdomen. The Group has pioneered Resposable
instrumentation combining both single use and reusable components ensuring an
ongoing revenue stream and delivering the optimum procedure performance to cost
ratio. The Group's products include:
+----------------+---------------------------------------------+
| YelloPort+plus | A resposable laparoscopic port access |
| | system that combines both single-use and |
| | reusable components |
+----------------+---------------------------------------------+
| Logi Range | resposable laparoscopic instrumentation |
| | that combines both single-use and reusable |
| | components |
+----------------+---------------------------------------------+
| Quick Range | single-use instruments, with an ergonomic |
| | handle to ensure accurate control of the |
| | instrument. The range includes scissors, |
| | graspers and dissectors |
+----------------+---------------------------------------------+
In addition to its own branded instruments, the Group also designs and
manufactures devices on an OEM basis for large medical device companies
including Teleflex Medical, Gyrus, Olympus and Cardinal Health.
For more information, see www.surginno.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
CNTARMFTMBITBTM
Surgical Innovations (LSE:SUN)
Historical Stock Chart
From Aug 2024 to Sep 2024
Surgical Innovations (LSE:SUN)
Historical Stock Chart
From Sep 2023 to Sep 2024
