TIDMSUN
RNS Number : 1445B
Surgical Innovations Group PLC
14 February 2011
For immediate release 14 February 2011
Surgical Innovations Group plc
("SI" or "the Group")
Surgical Innovations signs four year contract with Mediflex
Surgical Innovations Group plc (AIM: SUN), the designer and
manufacturer of innovative medical devices, is pleased to announce
a four year exclusive contract with US basedMediflex Surgical
Products ("Mediflex") over the inclusion of YelloPort+plus(R) in
surgical trays in the US. The contract is valued at a minimum of
$2.2 million over four years.
Graham Bowland, Chief Executive Officer of SI, said: "The
partnership with Mediflex broadens the distribution of
YelloPort+plus(R) into the large and strategically important US
market. We are looking forward to working with Mediflex to help
surgeons in the US perform less invasive surgery in a cost
effective way."
Jonathan Adler, President of Mediflex, commented: "We are
extremely excited to be working alongside SI in developing our
Laparo-Logix(TM) tray system. The agreement creates an exciting
partnership between two leaders in design and manufacturing of
surgical instruments and technologies."
Further to the above, SI is making progress across a number of
product lines with several potential US customers. Although at
present it is difficult to determine the eventual structure, timing
and value of revenue streams that will be generated, the Board will
continue to keep shareholders updated on progress.
- Ends -
Enquiries:
Surgical Innovations Group plc
Doug Liversidge, Chairman
Graham Bowland, Chief Executive Officer Tel: +44 (0) 113 230
7597
graham.bowland@surginno.co.uk www.surginno.com
Seymour Pierce Limited
Freddy Crossley / Sarah Jacobs Tel: +44 (0) 20 7107 8000
Corporate Broking
Marianne Woods www.seymourpierce.com
Media enquiries:
The Communications Portfolio
Ariane Comstive / Caolan Mahon Tel: +44 (0) 20 7536 2028 /
2029
ariane.comstive@communications-portfolio.co.uk Mob: +44 (0) 7785
922 354
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 (MIS) and industrial markets.
As well as manufacturing single-use and reusable instruments for
the laparoscopic market, the Group has pioneered its flagship
Resposable(R) instrumentation combining both single use and
reusable components, ensuring ongoing revenue streams and
delivering the optimum procedure performance to cost ratio.
Over 100 people are employed at the Group's 32,000 square feet
facility in Leeds, with in-house design, plastic injection moulding
and manufacturing equipment, producing products to the highest
quality standards.
The Group's patented products are sold through three main
channels:
SI brand Through an established network of 45 distribution
partners, Surgical Innovations branded products
are sold in all major medical markets including
North America, Europe, South Africa, the Middle
East, South-east Asia and Australia.
OEM The Group supplies large medical device companies
on an OEM basis, collecting sales fees as well
as IP license and royalty fees. Clients include
Teleflex Medical, Gyrus and CareFusion.
Industrial SI's patented segment technology has been applied
to the industrial market enabling customers to
undertake inspection and maintenance of large-scale
equipment, such as turbines, in situ with minimum
disassembly and downtime.
For more information, see www.surginno.com
About Mediflex(R) Surgical Products
Mediflex Surgical Products is a leader in the design,
manufacturing, and distribution of surgical devices including
Laparoscopic Holding & Positioning Devices, Laparoscopic &
Table-Mounted Retractors, and Instruments for General Laparoscopic
and Bariatric Surgery.
Through collaboration with world famous surgeons such as John
Bookwalter M.D., Mel Greenberg, M.D., and others, Mediflex has been
able to offer cutting edge surgical devices which meet the
stringent demands of surgeons throughout the world, with virtually
all products manufactured in the United States.
Mediflex seeks to enter into long term partnerships with highly
qualified medical products distributors both in the United States
and world-wide. Mediflex strives to support its far reaching
distributors with the tools to allow them to successfully sell its
products to today's most demanding hospitals and doctors.
For more information, see www.mediflex.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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