Titan Medical Inc (TMDIF)

[davens]

License Agreement With Mayo Clinic to Enhance the Use of the Sport(TM) Surgical System in Colorectal Surgery

TORONTO, ON--(Marketwired - December 16, 2015) - Titan Medical Inc. ("Titan" or the "Company") (TMD.TO) (TITXF) today announced that it has signed an agreement with Mayo Clinic to license know-how and certain technology to enhance the use of the SPORT™ Surgical System in colorectal surgical procedures. Under the terms of the agreement, Mayo Clinic will transfer know-how and technology developed by David Larson, M.D., Chair, Colorectal Surgery at Mayo Clinic, including that developed through his participation in cadaver studies with Titan's SPORT Surgical System.

John Hargrove, Chairman and CEO of Titan Medical Inc., commented, "We are very excited to further develop procedures, know-how and instruments for colorectal surgery as we move even closer to the commercialization of the SPORT Surgical System