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TORONTO, ON--(Marketwired - August 24, 2016) - Titan Medical Inc. (TSX: TMD) (OTCQX: TITXF) today announced that it extended the rights granted to Longtai Medical Inc. to negotiate an exclusive marketing, sales and distribution agreement for Titan's SPORT™ Surgical System in the Asia Pacific Region. The parties have agreed to modify their previous three-month extension to monthly progress reviews. The granting of exclusive rights to negotiate a distribution agreement continues to be part of the Letter Agreement with Longtai Medical Inc.
About Titan Medical Inc.
Titan Medical Inc. is a Canadian public company focused on the design and development of a robotic surgical system for application in minimally invasive surgery ("MIS"). The Company's SPORT™ Surgical System, currently under development, includes a surgeon-controlled robotic platform that incorporates a 3D high-definition vision system and multi-articulating instruments for performing MIS procedures through a single incision. The surgical system also includes a surgeon workstation that provides a surgeon with an advanced ergonomic interface to the robotic platform for controlling the instruments and provides a 3D high-definition endoscopic view of inside a patient's body. The SPORT™ Surgical System is designed to enable surgeons to perform a broad set of surgical procedures for general abdominal, gynecologic, and urologic indications. For more information, visit the Company's website at www.titanmedicalinc.com.
About Longtai Medical Inc. and Ningbo Long Hengtai International Trade Co. Ltd.
Longtai is a British Columbia corporation associated with Ningbo Long Hengtai International Trade Co. Ltd., a corporation engaged in the distribution of medical devices and related products in China. Longtai is owned by one or more individuals and Shiguang Ling, Chairman of Ningbo Long Hengtai International Trade Co. Ltd.
Ningbo Long Hengtai International Trade Co. Ltd. is engaged in the distribution of medical equipment in China through a substantial network of sub dealers and serves a number of medical device companies including a leading European provider of diagnostic imaging and healthcare IT solutions for hospitals and care centers around the world.
Forward-Looking Statements
This news release contains "forward-looking statements" which reflect the current expectations of management of the Company's future growth, results of operations, performance and business prospects and opportunities. Wherever possible, words such as "may", "would", "could", "will", "anticipate", "believe", "plan", "expect", "intend", "estimate", "potential for" and similar expressions have been used to identify these forward-looking statements. These statements reflect management's current beliefs with respect to future events and are based on information currently available to management. Forward-looking statements involve significant risks, uncertainties and assumptions. Many factors could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, without limitation, those listed in the "Risk Factors" section of the Company's Annual Information Form dated March 30, 2016 (which may be viewed at www.sedar.com). Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward looking statements prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by the forward-looking statements contained in this news release. These factors should be considered carefully, and prospective investors should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in the news release are based upon what management currently believes to be reasonable assumptions, the Company cannot assure prospective investors that actual results, performance or achievements will be consistent with these forward-looking statements.
1.5 million shares traded on TMD (Canadian part)
I think the stock will go up much more. Soon we have exhibit at SAGES + demonstration of SPORT and also this month a new milestone will be announced - 5 first in-human units build
This company is really a pain in the ass. Management sucks!! I have never seen anything like this before!
A friend of mine started working for Transenterix since December and i asked him about the rumours that J&J would buy Transenterix and he didn't hear anything about it. He also asked the management about it and they also don't know anything...
From Sedar :
This prospectus relates to the offering for sale from time to time, during the 25-month period that this prospectus,
including any amendments hereto, remains effective, of the securities listed above in one or more series or
issuances, with a total offering price of such securities, in the aggregate, of up to U.S. $45,000,000 million. The
securities may be offered separately or together, in amounts, at prices and on terms to be determined based on
market conditions at the time of the sale and set forth in an accompanying prospectus supplement.
The common shares (“Common Shares”) of Titan Medical Inc. (“Titan” or the “Company” or “we” or “our” or “us”)
are listed and posted for trading on the Toronto Stock Exchange (the “TSX”) under the symbol “TMD” and on the
international tier of OTCQX market in the United States under the symbol “TITFX”. Unless otherwise specified in
an applicable prospectus supplement, the Company’s warrants, units, preferred shares and debt securities may not be
listed on any securities or stock exchange or on any automated dealer quotation system.
An investment in the
securities offered hereunder involves a high degree of risk. The risk factors identified under the heading
“Risk Factors” and elsewhere in this prospectus should be carefully reviewed and evaluated by prospective
subscribers before purchasing the securities being offered hereunder. See “Risk Factors”
This is the info from a document on Sedar from today :
Titan Medical Inc.
This is the receipt of the Ontario Securities Commission for the
Preliminary Base Shelf Prospectus of the above Issuer dated
July 23, 2015(the preliminary prospectus).
The preliminary prospectus has been filed under Multilateral Instrument 11-102 Passport System in British Columbia and Alberta
.
A receipt for the preliminary prospectus is deemed to be issued by the
regulator in each of those jurisdictions, if the conditions of the Instrument have been satisfied
Titan Medical mentioned in a new article :
http://www.vcstar.com/sponsor-generated-content/stjohns-robots-arent-just-for-sci-fi-surgical-robots-are-here-to-help
News from Titan Medical Inc :
http://finance.yahoo.com/news/titan-medical-inc-grants-stock-195413387.html
I have placed new tweets about Titan Medical on my account and they include video's. Keep on retweeting and spread the word!!
https://twitter.com/KristofVerstuy1
I have 10000 stocks. Its not that much, but better than nothing
I have placed a new tweet
I will make a new tweet on Twitter cause it seems i can't change my previous tweet. I will add your suggestions and post it again. Keep on retweeting!!
That's why we have to keep spreading and retweeting as much as possible so that other people start to know about Titan
Spread the message and retweet as much as you can guys!!
https://twitter.com/KristofVerstuy1
i also added Yahoo Financials in my post on Instagram. If there are more suggestions, let me know and i will add it!
If you have the names of the people, let me know and i will add them to my post on Instagram
Yes, i'm also on Twitter and i also posted the picture on Twitter. My Twitter is @KristofVerstuy1
I have posted the new picture of the SPORT surgical robot on my instagram account with connection to Ximedica, Wallstreet and Anne Arundel Medical Center and hashtags to SPORT, roboticsurgery, nextgenrobot, singleport, generalsurgery, gynecology, urology, surgicalsystem. Please find, like my picture and share it so that others hear about it!!
i found this video of John Hangrove from 26th November 2014 on TSX :
The date of 6th November came from me. I wrote an email to Stephen Randall on 15th October about the lack of news and presentation that was not updated since 21st May. This was his answer to me :
Sir;
We are in the process of updating both our milestones and the corporate presentation. Our Q3 Financial Statements and MD&A will be released on November 6, 2014. By that date we should have both updated.
Stephen Randall l CFO
170 University Ave l Suite 1000
Toronto l Ontario I M5H 3B3
T.416-548-7522 l ext.152.
M. 416-524-0302
www.titanmedicalinc.com
It seems they changed the date of releasing the Q3 results to 20th November.
http://www.bloomberg.com/quote/TMD:CN
Just picked up 1500 extra stocks, total of 9K stocks!
One thhing for sure that will be posted on 5th or 6th november are the earnings of Q3.
http://www.bloomberg.com/quote/TMD:CN
I received an answer from Titan. Here is their reply :
Sir;
We are in the process of updating both our milestones and the corporate presentation. Our Q3 Financial Statements and MD&A will be released on November 6, 2014. By that date we should have both updated.
Stephen Randall l CFO
170 University Ave l Suite 1000
Toronto l Ontario I M5H 3B3
T.416-548-7522 l ext.152.
M. 416-524-0302
www.titanmedicalinc.com
I hope Titan will reply my email and will give me an answer or at least update their investor presentation on the website.
I've just sent an email to Titan Medical and now waiting for their reply...
I will send an email to Titan Medical cause i'm not happy anymore. There is such a lack of information. They can at least update their website with a new presentation. The one online is from May and its October now.
I guess so , no news for today. Really frustratin actually.
Just added some more stocks to my position, have a total of 7,5K stocks.
Today in the hospital where i work, i had a meeting with a representative from Siemens Healthcare and we were talking about robot surgery and i asked him if he knows of heard from Titan Medical? He told me he was looking forward to this company cause they are interested in the robot for a buyout!
There are trades in Canada. I have stocks from TMD. The reason why you don't see a change is that the thicker for Canada was TMD:V and now it has changed to TMD:CN
Thank you very much for the info. I'm from Belgium and here we only have access to TMD stocks and not to TITXF. I have been following Titan for several years now and happy with my 8K of stocks from TMD.
I work in a hospital as a Industrial Engineer Electonics and i'm into robot surgery. Our hospital has Da Vinci since 2009, but they are looking forward to a new player ... Titan. All the surgeons here are aware of this company. Intuitive is really expensive, robot costs over 1 million euro and maintenance contract over 100000 euro...
I hope Titan will do very very very well!!
Hello,
i'm new in here. I have stocks from Titan Medical but from the Canedien side TMD. Is it a good thing for these stocks that they will graduate to trade on TSX?