Titan Medical Inc (TMDIF)

[stenz902]

The Company’s estimates of the costs and timelines for the development milestones of its Enos system
through the fourth quarter of 2022 are as set out in the table below:
Milestone
Number Development Milestones
Estimated
Cost
(US million $)(1)
Schedule for
Milestone
Completion
Comments
Milestone 1(4) Design, prototype and test
improvements to
instruments, cameras and
CDU
3.2 Q4 2020 Completed
Milestone 2(4) Launch rebranded product
line including logos with
trademark pending,
literature and presentation
templates and new website
0.3 Q4 2020 Completed
Milestone 3(4) Iterate electromechanical
design, update sterile
adaptors and drape
5.2 Q1 2021 Completed
Milestone 4(4) Perform additional software
development and test
system performance
5.4 Q1-Q2 2021 -