Titan Medical signs agreement with Cadence Device

Toronto, Ontario, Canada - Titan Medical Inc. officials announce that they have signed an agreement with Cadence Device Inc. Under the terms of the agreement, Cadence will develop, manufacture, and manage the supply chain, sterilization and distribution for multi-articulating robotic instruments for use with Titan's SPORT Surgical System.

John Hargrove, chairman and CEO of Titan Medical Inc., commented, "We are very excited to partner with Cadence, a leading contract manufacturer in the medical field. Their proven level of expertise will be key for the development and manufacture of innovative multi-articulating instruments, which are important for Titan's success as we move closer to the commercialization of the SPORT Surgical System."

Alan Connor, president and CEO of Cadence stated, "We are pleased to partner with Titan to help design and build the instrumentation for the SPORT Surgical System. We are very impressed with what Titan is preparing to bring to the market and look forward to playing a key role in the continued advancement of this novel robotic system."

Source: Titan Medical Inc.