Titan Medical Inc (TMDIF)

[RockoTaco]

No other potential robotics company has the FDA approval of a predicate device like Titan. Also, no other robotics company has incorporated the human factors requirement by the FDA into their robot like Titan. So if we are 6 months pushed out, then every other robotic company getting into this space has a development timeline of 3 years (i.e. Verb timeline) plus the add'l FDA requirements for human factors another 6-12 months on top of development (reminder that this was just introduced by FDA a couple of months ago). We were fortunate enough to hire Ximedica That has always incorporated Human Factors into the development of SPORT so we are 2 years ahead of the competition.

An example, SRI robot was not developed based on human factors that is required by FDA, they do have some nice add technology that VERB licensed but the SRI robot platform doesn't have a predicate device approval and doesn't incorporate human factors into its design.