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Titan Medical Inc.

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Titan Medical Inc. is a Canadian public company, headquartered in Toronto, Ontario, and listed on the Toronto Stock Exchange (TMD) and on the OTCQX in the U.S. (TITXF).

Titan is developing the SPORT™ (Single Port Orifice Robotic Technology) Surgical System for use in minimally invasive surgery (“MIS”). SPORT™ is expected to be commercially available in late 2016 in Europe and in mid-2017 in the U.S.

The SPORT™ Surgical System consists of:

  • An innovative, surgeon-controlled robotic platform that includes a 3D high definition vision system and interactive multi-articulating instruments for performing MIS procedures, and
  • A highly ergonomic surgeon workstation that provides the surgeon with an interface to the robotic platform, as well as a 3D endoscopic view inside the patient’s body cavity during MIS procedures.

The robotic technology currently available on the market is cost prohibitive for secondary and tertiary hospitals, as well as for Ambulatory Surgery Centers, and is confined to a limited number of surgical procedures, such as hysterectomies and prostatectomies. Titan’s highly differentiated SPORT™ Surgical System is being designed to expand robotic surgery into areas that are currently underserved, including general abdominal, gynecologic, and urologic procedures, in a cost-effective manner.

On March 17, 2015, Titan announced that it completed its first quarter milestone, the design and test of a feasibility prototype. This demonstrates feasibility to build a next-generation workstation and advanced instruments, and it enables expanded use of the SPORT™ Surgical System. The Company continues with additional rounds of tissue testing as the development of the surgical system progresses and is building prototype units ready for engineering verification.

Titan’s Surgeon Advisory Board is comprised of world-renowned surgeons affiliated with leading institutions, including Columbia University, Mayo Clinic, and UCLA. Additionally, the Company has established partnerships with academic institutions and hospitals across the globe, including Rochester General Hospital, University of Florida, Children’s Hospital Boston, Apollo Hospital Group (India), and The Ohio State University.