Clarity is lacking, intentionally, IMO.
Noted some language differences with the April release compared to today:
Cadence is known for making blades, not "Endomechanical Devices."
Is there a difference between tools and instruments?
Nowhere in today's announcement was the term "single use" applied.
Nowhere in April's announcement was the term "multi-articulated" used.
Titan Medical Inc. Signs Agreement With Worldwide Supplier of Single Patient Use Robotic Tools
TORONTO, ON--(Marketwired - April 16, 2015) - Titan Medical Inc. ("Titan" or the "Company") (TMD.TO) (TITXF) today announced that it has signed an agreement with a worldwide supplier of endomechanical devices for the development and supply of single patient use robotic tools. Under the terms of the agreement, the supplier will create customized single patient use tools for Titan's SPORT™ Surgical System.
Dennis Fowler, Executive Vice President, Clinical and Regulatory Affairs of Titan Medical Inc., commented, "We are very excited about partnering for delivering the single patient use tools for our robotic platform. The tools will work uniquely with Titan's SPORT™ Surgical System and will provide first use quality for every case at an affordable price."
"We are very pleased to work with a worldwide supplier, manufacturer and developer of high-precision surgical instruments which will provide a cost effective eco-friendly solution for today's operating room," said John Hargrove, Chairman and Chief Executive Officer of Titan Medical Inc. "Our agreement underlines Titan's commitment to better outcomes for patients, surgeons and hospitals clinically, financially and operationally. We look forward to our collaboration on developing and building our SPORT™ Surgical System."
