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Pioneer Surgical Technology Enters License Agreement with AlpineSpine, LLC


7/2/2007 11:40:00 AM

MARQUETTE, Mich., July 2 /PRNewswire/ -- Pioneer Surgical Technology today announced it has entered into a license agreement with AlpineSpine, LLC, to acquire the global rights to LowTop, Alpine's novel pedicle screw locking system and cross-link design.

"This new very low profile pedicle screw system is a paradigm shift in spinal fixation," said Matthew N. Songer, M.D., Chairman and CEO of Pioneer Surgical Technology. "This locking system will be able to be used from the occiput to the sacrum seamlessly, provide more functionality and versatility than current systems, and be adaptable to minimally invasive surgery."

Terms of the license agreement were not disclosed. This is the first license agreement between the two companies.

"Our goal for this partnership is to provide patients with solutions to treat back pain, degenerative conditions and spinal injury due to trauma," said Thomas M. Sweeney II, M.D., Ph. D., Chairman of AlpineSpine, LLC.

"This locking system's innovative threadless design enables a lower profile and provides a more reliable locking of the screw to the rod," said Dr. Songer. "We believe this will mean less pain from hardware irritation and more consistent fusion for the patient."

About Pioneer Surgical Technology

Pioneer Surgical Technology, headquartered in Marquette, Michigan, is a leading innovator in the design and manufacture of spinal and orthopedic implants. Founded in 1992, Pioneer is committed to innovation and has been awarded 30 patents. It is a true surgeon-driven spinal device company that promotes responsiveness through customer intimacy, surgeon-to-surgeon relationships. In 2005 Pioneer launched several spinal implant systems: Quantum Spinal Rod, Pioneer Anterior Cervical Plate and its PEEK-Plus Vertebral Replacement Devices. Additionally, Pioneer received the European CE mark for its NUBAC(TM) Intradiscal System.

The company recently expanded its facility to more than 110,000 square feet to support its continued growth in spinal and orthopaedic products. Pioneer employs more than 200 employees worldwide. For more information, visit www.pioneersurgical.com.

About AlpineSpine, LLC

AlpineSpine, headquartered in American Fork, Utah, is a medical device manufacturer focused on discovering, developing and commercializing a new generation of spinal devices that employ minimally traumatic techniques to decrease surgical morbidity; thus, speeding recovery and improving clinical outcomes.

For more information contact Steve Severson, Pioneer Surgical Technology, at 906-226-4449 or visit www.pioneersurgical.com

Pioneer Surgical Technology

CONTACT: Steve Severson of Pioneer Surgical Technology, +1-906-226-4449,steveseverson@pioneersurgical.com; or Chris King of Fleishman-Hillard Inc.,+1-312-751-3521, chris.king@fleishman.com, for Pioneer Surgical Technology



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