Jul. 14, 2011 (Marketwire) --
TORONTO, ONTARIO -- (Marketwire) -- 07/14/11 -- Titan Medical Inc. ("the Company") (TSX VENTURE:TMD) today announced that it has signed a development agreement with D&D Video Specialists, Inc. (D2 Video(TM)), a leading developer of endoscopic vision systems.
Under terms of the agreement, D2 Video(TM) will design and develop a proprietary vision system (camera head, camera control units, light source components, and rigid and flexible endoscopes) for the Company's next generation robotic surgical system, Amadeus(TM).
"We are very pleased to be working with D2 Video(TM) on our proprietary surgical platform," said Dr. Reiza Rayman, President of Titan Medical Inc. "They have a rich history and success in developing novel optical imaging products for world-class medical device companies, and as such, they are a natural fit to our expanding intellectual property and development efforts."
"The D2 Video(TM) team and its partners are excited and pleased to be a part of the integral team for the development of Titan's Amadeus(TM) robotic surgical platform," said Diane Goss, President of D2 Video(TM). "The inception of D2 was to make a difference in healthcare, and we believe there is no better way to achieve that goal than through partnering with Titan, whose use of cutting edge robotic technology will set the standard for endoscopy healthcare."
About D&D Video Specialists, Inc.
D&D Video Specialists, Inc. (D2 Video(TM)) was founded in September, 1990 with the culmination of key personnel who previously designed and manufactured one of the first video systems used for endoscopy market. D2 Video(TM) engineering staff has experience in developing over 38 visualization products for medical, industrial and broadcast markets.
D2 Video(TM) was the first company in the U.S. to offer repair service for all makes and models of endoscopic cameras and peripherals. D2 Video(TM) has developed manufactured and private labeled visualization products for many of the leading manufacturers in the medical, industrial and broadcast markets, as well as their own brands of endoscopic products at their ISO 9001 certified and FDA-registered facility.
About Titan Medical Inc.
Titan Medical Inc. is a Canadian public company (TSX VENTURE:TMD) focused on the development and commercialization of robotic surgical technologies. The Company is currently developing Amadeus(TM), a next generation 4-armed robotic surgical system, with the objective of enabling surgeons to remotely manipulate surgical instruments. Robotic surgery has developed over the past 10 years into a proven and growing method of treatment.