LiveData,
Inc., a leading innovator of real-time data
integration and display technology, today announced today that it
has signed a six-year development and licensing agreement with Titan
Medical Inc. (TSX VENTURE:TMD). Under terms of the agreement, Titan
Medical will have an exclusive, worldwide license for LiveData RTI
Server as an integration technology for the Company's Amadeus
Composer robotic surgical platform.
Using Amadeus Composer, surgeons are able to receive information from
multiple information sources for treatment or training, and can
seamlessly switch between the two. Titan Medical will use the LiveData
technology to enable innovative holistic displays for surgeons. A
real-time data integration engine, LiveData RTI Server unifies disparate
systems — such as medical devices from diverse vendors, hospital
information systems, in-house applications and data structures — and
delivers real-time data streams to visual applications for synthesis and
display.
"We are pleased to have entered into this licensing and development
agreement with LiveData for its innovative integration and display
technology for use in Amadeus Composer, our next generation robotic
surgical platform," said Dr. Reiza Rayman, President of Titan Medical
Inc. "Obviously the more information you can deliver to a surgeon
intra-operatively, the better. The inclusion of LiveData's unique
patient information in our surgeon console not only strengthens our
patent portfolio but it also allows our surgeons to have patient
critical information literally at their fingertips."
"LiveData occupies a unique position in the hospital setting.
Integrating our technology into the Amadeus platform will provide
surgeons with unparalleled visibility into all salient patient-centric
information. Additionally, surgeons will have the dashboard necessary to
maximize patient safety and surgical performance," said Jeffrey Robbins,
founder, president and CEO of LiveData, Inc.
About LiveData, Inc.
LiveData is a leading innovator in real-time data integration
and display technology. The company's solutions gather data from any
number of sources, coordinate it with team workflow, and present
it as meaningful information on easy-to-read graphic displays. Leading
medical institutions, including Massachusetts General Hospital,
Memorial Sloan-Kettering Cancer Center, and New York Presbyterian
Hospital have selected LiveData OR-Dashboard to improve patient safety,
team communication, and perioperative efficiency. OR-Dashboard is a
trade mark of LiveData. All other marks are the property of their
respective owners, and are used for identification purposes only.
Founded in 1991, LiveData is headquartered in Cambridge, Massachusetts.
Information is available at www.livedata.com.
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 Composer™, a
surgical system that has a uniquely designed external robot and flexible
instruments, and allows surgeons to overcome constraints of surgical
procedures in small to medium spaces. Amadeus Maestro™, the company's
next generation 4-armed robotic surgical system with advanced
communication and training, utilizes the Titan True Touch Technology and
is targeted to surgical procedures in large spaces. Robotic surgery has
developed over the past 10 years into a proven and growing method of
treatment. The global robotic surgical market size is currently
estimated to be approximately $1 billion and is estimated to grow to $5
billion by 2015 with potential for placement of 6,000 robotic surgical
systems. The Company is researching and developing innovative
technologies to empower surgeons to use robots in the operating room of
the future. For more information, visit the Company's website at www.titanmedicalinc.com.
