Surgical Innovations Group PLC Surgical robot technology UK distribution deal

TIDMSUN

Surgical Innovations Group PLC

06 November 2018

Surgical Innovations Group plc

("Surgical Innovations")

Surgical robot technology UK distribution deal

Elemental Healthcare signs Distribution agreement with surgical robot manufacturer DistalMotion

Surgical Innovations Group plc (AIM: SUN), the designer and manufacturer of innovative technology for minimally invasive surgery ("MIS"), announces that its wholly owned subsidiary, Elemental Healthcare Limited, has signed a three year exclusive UK distribution agreement with DistalMotion SA, a Swiss manufacturer of a new surgical robot.

The 'Dexter' robot brings a totally new dimension to the clinical efficacy of robotic surgery, allowing a surgeon to swap from robotic to laparoscopic surgery and back as required within the sterile field. 'Dexter' will be CE marked in mid-2019 giving Elemental Healthcare time to train a dedicated team in preparation for its launch.

Adam Power, Group Development Director of Surgical Innovations Group plc, commented: "The market for surgical robots in the UK is limited by the cost and by the range of applications for which existing competitors are appropriate. 'Dexter' offers a much broader range of surgical opportunities and employs a novel funding model. As a consequence, we expect 'Dexter' by DistalMotion SA to address the issues limiting the growth of surgical robots in the UK and to be a more acceptable solution for NHS and Private Hospitals."

Dr Matthias Reif, Head of Sales and Marketing of DistalMotion SA commented: "Elemental Healthcare is a proven partner to commercialise innovative technology, and we are excited to partner as we believe this is the best route to commercialise 'Dexter'. The UK market is among the largest medical device markets in Europe, and a key region for Distalmotion to prove robotic surgery can be simplified and integrated into laparoscopic surgery."

For more information on DistalMotion SA, please visit: www.distalmotion.com

For further information please contact:

 
 Surgical Innovations Group plc                                                         www.sigroupplc.com 
 Nigel Rogers, Executive Chairman                                                       Tel: [phone] 
 Melanie Ross, COO & CFO 
 
 WH Ireland Limited (NOMAD & Broker)                                                    Tel: [phone] 
 Adrian Hadden 
  Chris Viggor 
 
 Walbrook PR (Financial PR & Investor                              Tel: [phone] or [e-mail] 
  Relations) 
 Paul McManus                                                                           Mob: [phone] 
 Lianne Cawthorne                                                                       Mob: [phone] 
 

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November 06, 2018 02:00 ET (07:00 GMT)