Business
Re Contract
Re Contract.
About this update from Surgical Innovations Group Plc
[{"type":"text","content":"\n \n\n\n\n\n\nRNS Number : 1445B Surgical Innovations Group PLC 14 February 2011 \n\n\n\n\n\nFor immediate release\n\n\n14 February 2011\n\n\n\n\n \nSurgical Innovations Group plc\n(\"SI\" or \"the Group\")\nSurgical Innovations signs four year contract with Mediflex\n \nSurgical Innovations Group plc (AIM: SUN), the designer and manufacturer of innovative medical devices, is pleased to announce a four year exclusive contract with US basedMediflex Surgical Products (\"Mediflex\") over the inclusion of YelloPort+plus® in surgical trays in the US. The contract is valued at a minimum of $2.2 million over four years.\nGraham Bowland, Chief Executive Officer of SI, said: \"The partnership with Mediflex broadens the distribution of YelloPort+plus® into the large and strategically important US market. We are looking forward to working with Mediflex to help surgeons in the US perform less invasive surgery in a cost effective way.\"\nJonathan Adler, President of Mediflex, commented: \"We are extremely excited to be working alongside SI in developing our Laparo-Logix™ tray system. The agreement creates an exciting partnership between two leaders in design and manufacturing of surgical instruments and technologies.\"\nFurther to the above, SI is making progress across a number of product lines with several potential US customers. Although at present it is difficult to determine the eventual structure, timing and value of revenue streams that will be generated, the Board will continue to keep shareholders updated on progress.\n- Ends -\nEnquiries:\nSurgical Innovations Group plc\nDoug Liversidge, Chairman\nGraham Bowland, Chief Executive Officer Tel: +44 (0) 113 230 7597\[email protected]  ...