Intellijoint Surgical Inc.
Intellijoint Surgical and Corin Group Enter Strategic Partnership for intellijoint HIP

DGAP-News: Intellijoint Surgical Inc. / Key word(s): Miscellaneous

2016-03-17 / 13:30
The issuer is solely responsible for the content of this announcement.

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WATERLOO, ON --(Marketwired - March 17, 2016) -  Intellijoint
Surgical Inc., a privately held Canadian medical technology
company committed to developing and commercializing miniaturized
surgical smart tools, announced today the signing of a
distribution agreement with Corin Group. The deal gives Corin
distribution rights for Intellijoint's flagship product,
intellijoint HIP(TM), in Australia and paves the way for broader
distribution and co-development between the two companies.

intellijoint HIP provides surgeons with vital intraoperative
measurements in real time, enabling proper establishment of cup
position, equalization of leg length and restoration of hip
offset. These critical measurements enable surgeons and hospitals
to improve surgical outcomes by reducing uncertainty and risk,
while improving patient outcomes and economics.

Russ Mably, Corin's Chief Operating Officer, commented, 'We are
delighted to partner with such a progressive company as
Intellijoint Surgical, and are excited about our future
collaboration. This partnership will further strengthen our
market leading position in functional implant positioning with
our existing OPS Technology (Optimized Positioning System), and
underlines our commitment to continue to invest in Personalized
Procedural Innovation.'

'We are pleased to partner with Corin to offer intellijoint HIP
to surgeons in Australia. The broader capability of Corin's
organization and their commitment to innovation will expand
access to the latest technology available for 3D surgical
measurement to the growing Australian hip replacement market
where surgeons currently perform about 45,000 procedures
annually. We look forward to the beginning of a meaningful
relationship between our two companies and are excited about
future opportunities,' says Armen Bakirtzian, Chief Executive
Officer and Co-founder of Intellijoint Surgical.

About Intellijoint Surgical Inc.

Intellijoint Surgical is a Waterloo-based innovative medical
technology company. Founded in 2010, they develop and
commercialize miniaturized surgical smart tools that enhance
surgeon accuracy, increase hospital economic efficiencies, and
improve patient outcomes. The company's R&D team is led by the
former co-founder of Medtronic's computer assisted surgery
division, and driven by a team of renowned orthopaedic surgeons:
Drs. Allan Gross and David Backstein in Toronto, Dr. Wayne
Paprosky in Chicago, Dr. Javad Parvizi in Philadelphia and Drs.
Michael Cross and Ran Schwarzkopf in New York.

About Corin Group

As a leader in orthopaedic innovation, Corin has pioneered a
number of landmark developments since it was founded in 1985.
Corin is very proud to have been able to improve the quality of
life of hundreds of thousands of patients around the world
through the introduction of these groundbreaking products, and
believes that this heritage distinguishes Corin within the global
orthopaedic market. Corin's talented and dedicated teams share a
common commitment -- to deliver quality orthopaedic products,
procedural innovation technologies and services to patients,
surgeons and healthcare providers, which exceed their
expectations and positively impact their lives, through
Responsible Innovation.



Armen Bakirtzian
co-founder and CEO
a.bakirtzian@intellijointsurgical.com
519-342-3178

News Source: Marketwire


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2016-03-17 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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     Language:    English                     
     Company:     Intellijoint Surgical Inc.  
   
   
                  United States               
   
   
     End of News    DGAP News Service