MONTREAL, July 13 /PRNewswire-FirstCall/ - ORTHOsoft Inc. an international company that develops and markets medical software, instruments and computer systems to increase the accuracy of knee, hip and spine surgery, today announced that it has added 6 new orthopaedic company distributors as partners over the past several months in regional markets, in Europe and the United States.
The new distributors are mainly small to mid-size orthopaedic companies who have purchased a number of ORTHOsoft systems totaling approximately $1 million. The systems are equipped with ORTHOsoft's new state of the art software that guides or navigates the distributors' specialized knee and hip implants. The new distributors have made strategic commitments to using computer assisted surgery to enhance their services to surgeons and hospitals in their regional markets. They will market the ORTHOsoft systems direct to hospitals along with their implants, and exhibit the systems at international conferences. ORTHOsoft now has 9 orthopaedic implant manufacturer and distributor partners in Europe and United States who market ORTHOsoft computer systems including world leaders Zimmer, Smith & Nephew and Medtronic.
"We are pleased that these new orthopaedic implant companies have selected ORTHOsoft as their partner", said John Feilders, CO-CEO of ORTHOsoft. "The initial sales are a boost to our revenues and we look forward to additional future sales and recurring revenues from this expanded distribution and usage".
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Orthopaedic Surgery Market
In North America and Europe, surgeons perform over one million orthopaedic knee and hip implant surgeries annually. Many leading orthopaedic surgeons predict that computer assisted surgery will become a standard of care in implant surgery. To date, ORTHOsoft's computer assisted surgery systems have guided surgeons in more than 35,000 hip and knee surgeries in Europe and North America, and ORTHOsoft is well positioned to become a leader in the orthopaedic surgery market.
ORTHOsoft Inc. , www.orthosoft.ca, founded in 1995, develops and markets best-in-class medical software, instruments and computerized systems to assist orthopaedic surgeons to increase accuracy in hip, knee and spine implant surgery. FDA cleared, ORTHOsoft's patented software solutions are developed by surgeons for surgeons, resulting in intuitive and easy-to-use navigation that tracks surgical flow and provides surgeons with real-time data that helps to improve the surgical process and patient outcomes. To date, ORTHOsoft's software applications have navigated more than 35,000 surgical procedures in Europe and North America. For more information about ORTHOsoft, please visit www.orthosoft.ca.
Certain statements contained in this news release, other than statements of fact that are independently verifiable at the date hereof, may constitute forward-looking statements. Such statements, inherently involve numerous risks and uncertainties, known and unknown, many of which are beyond the control of ORTHOsoft, Inc. Such risks include, but are not limited to: the impact of general economic conditions, general conditions in the medical industry, and changes to the competitive environment in the jurisdictions in which ORTHOsoft does business, regulatory changes to the health care industry, and adequate protection of the proprietary interests of the Company. Consequently, actual future results may differ materially from the anticipated results expressed in the forward-looking statements. The reader should not place undue reliance on the forward-looking statements included in this press release. These statements speak only as of the date made, and ORTHOsoft is under no obligation and disavows any intention to update or revise such statements as a result of any event, circumstances, or otherwise.
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