Titan Medical Inc (TMDIF)

[urosurg]

Bro, it's not really "for sale" yet. It's being used at Cleveland Clinic and soon at UTSW in Dallas as well as installations at a couple other big academic sites around the country. I was talking to a regional Intuitive rep recently who is trying to get the administration at a hospital in which I work to buy a 2nd robot. I sit on a robotics committee at this hospital, and we elected to wait an additional year due to all the changes coming in the robotic space. Of course I disclosed my Titan investment, but I hope we will be the first center in my state to use Titan for single port surgery. The rep tells me the Intuitive SP uses the Xi patient cart base, so the hospital will have to own an Xi system to upgrade to SP. If you look at pictures of the two systems you can tell the bases are identical. This will allow all existing Xi owners to upgrade to SP without buying a completely new robot. Price point is nowhere close to the SPORT price point which our hospital administrators were very interested to hear.