Business
Five year contract with Telef
Five year contract with Telef.
About this update from Surgical Innovations Group Plc
[{"type":"text","content":"\n RNS Number : 6891M Surgical Innovations Group PLC 28 May 2010 \n \n\n \n\n\n\n\nPress Release\n\n\n28 May 2010\n\n\n\n\n \nSurgical Innovations Group plc\n \n(\"SI\" or \"the Group\")\n \n Surgical Innovations wins five year contract with Teleflex Medical\n \nSurgical Innovations Group plc (AIM: SUN), the designer and manufacturer of innovative medical devices, is pleased to announce a five year worldwide contract with Teleflex Medical (\"Teleflex\"), the designer, manufacturer and distributor of medical devices for critical care and surgical applications. The substantial contract is for the production of articulating handles with bespoke laparoscopic instrumentation.\n \nBuilding upon a previous relationship, Teleflex approached SI to develop new handle technology. The articulating reusable handles have been under development by Teleflex and SI for two years and the unique, flexible nature improves the ergonomics and ease of use for surgeons performing keyhole surgery. SI retains the full intellectual property rights for the devices, subject to the rights of Teleflex to utilise the IP in the sale of the devices pursuant to the Supply Agreement. The initial roll out of the technology will be throughout Europe with the potential for expansion into the US.\n \nCommenting on the agreement, Graham Bowland, Chief Executive Officer of SI, said: \"This order represents an important milestone for our OEM business. We have been working successfully with Teleflex for more than 10 years and we are delighted to continue this successful relationship. Our in-house design, prototype and manufacturing facilities allow us to develop new and improved technologies which can be used by Teleflex to provide their surgeons with an innovative, cost effective laparoscopic device. We look forward to continuing our collaboration with Teleflex as we strive to develop new technologies to help surgeons perform less invasive surgeries.\"\n \n- Ends -\n\n\nFor further information:\n\n\n\n\nSurgical Innovations Group plc\n\n\n\n\n\n\n\nDoug Liversidge, Non-Executive Chairman\n\n\nTel: +44 (0) 113 230 7597\n\n\n\n\n\n\n\nwww.surginno.com \n\n\n\n\nGraham Bowland, Chief Executive Officer\n\n\nTel: +44 (0) 113 230 7597\n\n\n\n\[email protected] \n\n\n\n\n\n\n\n \n\n\n\n\nWesthouse ...