Titan Medical Inc (TMDIF)

[jetuomi]

My chat with Mr. Randall... Very good chat for me personally and the key points are as follows:

Year end results target to be published Feb 10, 2015.
Q1 validation of new capabilities on track
Q4 build of many "copies" of this final prototype built for trial purposes on track

My question of; Why delay now and expand Sport vs goto market with simpler sport and upgrade the install base 18 months later?

Answer was simplicity. After reviewing both scenarios it was easier to delay now, build the final product, FDA approve the final product all at once. Otherwise launching simple Sport then upgrading would require more FDA visits and risks, logistics of possibly updating of existing Sports in field and supporting issues, etc. If they were going to delay, then delay for the best reason which allows for better long term growth vs long term headaches.

Potential market place for this new Sport is now more devices than even some other big competitors (wink) are selling..

PS. They know what they need to do to get to market. I have no doubt there. They are just keeping it close for obvious reasons ...