Titan Medical Inc (TMDIF)

[Bristol19]

I'm excited by this news, but this agreement doesn't require that Titan has finalized goods to show, at the moment. It's an agreement to 'develop'. SAIL could start designing a program on paper only at this time. Logistics, proposed costs, levels of certification, simulation models, simulation software,etc.. I know that's mostly bull without a surgeon laying a hand on a real SPORT, but that's how these things go. If Titan puts the money up, SAIL will be glad to design anything they like.

My point is, this type of agreement can be made well in advance of the real deal. The fact the Titan bothered to tell the shareholders about it gives me hope that things are further along that the timeline proposes. I guess the quarterly will have to mention some specifics about money going to SAIL.