Titan Medical Inc (TMDIF)

[66Mustang]

Dice/ORNurse/Mharb:

Catching up here... I prefer to keep my evenings for things other than work, and this board really gets to be work!

Anyway, first, I clicked the link and opened the agreement. I hit ctl-F (find) and typed in "redacted"; it shows 134 instances of the word "redacted" in that document! That's a lot of hiding of stuff!

In my multi-decade medical device development career, I have never heard of software itself referred to as "prototype"; at most, there has been software developed to run on prototype hardware, but prototype in my experience always refers to hardware. There are various software development models (e.g. SCRUM, Waterfall, etc.) and within those models, the only time a development phase has ever been called prototype was in a Spiral model, but it was so early in the development that it would be completely unrelated to any deliverable. So for the context of the heavily redacted agreement, they cannot be referring to software when they say prototype.



Message in reply to:
https://www.sec.gov/Archives/edgar/data/840551/000115752320000865/a52230799ex99_4.htm