Flendy, I think you are on to something here. Chapel Hill is the future of the company and the future of our investments.
Medtronic has contracted Titan not only for some existing and pending IP, but also for certain development milestones to be met. Those development milestones will be met by personnel in the Chapel Hill facility. This is the one and only key to unlocking subsequent milestone payments, and it is the very reason Medtronic has signed an agreement with Titan. It isn't JUST about the existing IP portfolio, or they would have just written one check and walked away with whatever they wanted. Instead, it is entirely about Titan's ability to develop the specific product(s) Medtronic has in mind for it's market offerings, and that ability resides in Chapel Hill. Medtronic spent years trying to do it on their own, and apparently didn't like the best they could come up with. But they apparently like what Titan came up with. Once again, a small skunkworks-like operation created an awesome technology package (well, Enos won't fly like the SR-71 but the SR-71 would leave huge scars if you used it for abdominal surgery).
Medtronic recognized not only their existing tech, but also their capabilities, which is why they enlisted their help in a co-development venture. In Chapel Hill, in case that wasn't sufficiently clear. Medtronic is a $135B behemoth, according to some reports. And yet they are relying on little old Titan Medical to get their program off the ground.
Message in reply to:
Flenderson Thursday, 08/20/20 11:17:48 AM
Re: SPORT19 post# 113754 0
Post # of 113799
Why do you think there focusing so much time and resources on it? Most other things are taking a backseat now. New videos, agm, etc. Not my words. CH is critical for next stage. So yes it is part of it, and they will secure Oct payment. The next round after that will be when it gets interesting.
