TORONTO, ONTARIO, May 20, 2014 (Marketwired via COMTEX) — Titan Medical Inc. (“Titan” or the “Company”)CA:TMD +2.11% (otcqx:TITXF) is pleased to provide an update on the ongoing progress of the Single Port Orifice Robotic Technology (SPORT(TM)) Surgical System. Today, the Company is releasing a video clip demonstrating electrocautery, tissue suturing and instrument swaps. The video may be viewed at www.titanmedicalinc.com .
“This video depicts a significant advancement of our SPORT(TM) Surgical System,” said John Hargrove, Chairman and CEO. “SPORT(TM) now has instrumentation that can deliver electrocautery. Additionally, the system and instrumentation are capable of tissue suturing, considered to be one of the most complex maneuvers performed in any minimally invasive procedure. We are very proud of these accomplishments and remain committed to our development timeline.”
SPORT(TM) Surgical System testing and development is continuing and remains on schedule. The video and related information will be presented at Titan Medical’s Annual General Meeting on May 21, 2014 at 2 PM EST.
About Titan Medical Inc.
Titan Medical Inc. is a Canadian public company CA:TMD +2.11% (otcqx:TITXF) focused on the design and development of a robotic surgical system for application in minimally invasive surgery (“MIS”). The Company’s robotic surgical system, currently under development, comprises a surgeon-controlled robotic platform that includes a 3D vision system and interactive instruments for performing MIS procedures, and a surgeon workstation that provides the surgeon with an interface to the robotic platform for controlling the interactive instruments and providing a 3D endoscopic view of inside a patient’s body during MIS procedures. The robotic surgical system is being designed to expand robotic surgery into areas of surgical specialties and simple and complex procedures that are currently under-serviced, and to allow surgeons to perform procedures within small to medium size surgical spaces such as general surgery and cholecystectomy. For more information, visit the Company’s website atwww.titanmedicalinc.com .