Titan Medical Inc (TMDIF)

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Titan Medical Announces Benchmark Electronics, Inc. Purported to Terminate Agreement
Titan Medical Inc.
Fri, December 1, 2023 at 4:00 PM CST
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Titan Medical Inc.
TORONTO, Ontario, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan” or the “Company”) (TSX: TMD; OTC: TMDIF), announced today that Benchmark Electronics, Inc., the company engaged by Titan under a manufacturing and supply agreement for the manufacture of Titan’s Enos Surgical System, has purported to terminate the agreement. Titan did not receive delivery from Benchmark of manufactured Enos Surgical System units and disputes that Benchmark has grounds for the termination. Titan has rejected Benchmark’s allegation that Titan breached the agreement.