Monday, November 07, 2016 1:04:10 PM
We need a rehash of the next milestones; they are not available on the webpage.
"...have reached agreement on the initiation of an acceptable development plan for the SPORT™ Surgical System. The agreement is effective immediately and is focused on Titan’s previously announced Human Factors and Usability Trials milestones for the SPORT system. “Ximedica is a valued partner and this agreement enables us to resume the development of the SPORT Surgical System,” commented John Barker, Interim CEO of Titan Medical Inc. “This agreement and the decisions by the Board of Directors earlier this week demonstrate the committed effort of our company to advance the SPORT Surgical System.” “We believe the SPORT Surgical System represents a significant technology and everyone at Ximedica is proud to be associated with its continued development,” commented Randall Barko, President and CEO of Ximedica. “Our development team is re-engaging and our objective is to deliver on Titan’s milestones.” As the new development plan proceeds the Company will report on its progress.
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