ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

TIVC Tivic Health Systems Inc

1.05
0.00 (0.00%)
Pre Market
Last Updated: 10:43:06
Delayed by 15 minutes
Share Name Share Symbol Market Type
Tivic Health Systems Inc NASDAQ:TIVC NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.05 1.03 1.11 84 10:43:06

Tivic Cuts Final Assembly Production Costs by 40%, Completes First Key Supplier Qualification

14/03/2023 12:00pm

Business Wire


Tivic Health Systems (NASDAQ:TIVC)
Historical Stock Chart


From May 2022 to May 2024

Click Here for more Tivic Health Systems Charts.

Tivic Health® Systems, Inc. (“Tivic”) (Nasdaq: TIVC), a commercial-phase health technology company that develops and commercializes bioelectronic medicine, today announced it has completed the supplier qualification and first article inspection of ALOM, one of two new partners announced in Q4 of 2022.

The supplier qualification and successful first article inspection help confirm that Tivic’s production process is under statistical control and produces safe, high-quality products in compliance with Tivic’s specifications and applicable regulatory requirements.

“This is an important advancement that supports our initiative to reduce costs and improve margins,” said Ryan Sabia, COO of Tivic. “Working with ALOM will allow us to decrease our third-party logistics costs by up to 30% and we have reduced our overall final assembly production costs by 40% per unit.”

About Tivic

Tivic Health Systems, Inc. is a commercial-phase health technology company delivering non-invasive bioelectronic treatments that provide consumers with a choice in the treatment of inflammation and certain other related conditions. For more information visit https://tivichealth.com @TivicHealth.

Forward-Looking Statements

This press release may contain “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Tivic Health Systems, Inc.’s current expectations and are subject to inherent uncertainties, risks, and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. Given the existence of risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. For a discussion of certain risks and uncertainties, and other important factors, relevant to the company, any of which could cause Tivic’s actual results to differ from those contained in the forward-looking statements, see Tivic’s filings with the SEC, including, its Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on March 31, 2022, under the heading “Risk Factors”; its Registration Statement on S-1, filed with the SEC on October 26, 2022, and amendments thereto, under the heading “Risk Factors”; as well as the company’s subsequent filings with the SEC. Forward-looking statements contained in this press release are made as of this date, and Tivic Health Systems, Inc. undertakes no duty to update such information except as required by applicable law.

 

Media Contact: Kayleigh Westerfield 949-632-3439 Kayleigh.Westerfield@tivichealth.com

Investor Contact: Hanover International, Inc. ir@tivichealth.com

1 Year Tivic Health Systems Chart

1 Year Tivic Health Systems Chart

1 Month Tivic Health Systems Chart

1 Month Tivic Health Systems Chart

Your Recent History

Delayed Upgrade Clock