Titan Medical, CAE Healthcare partner to develop the world's next generation robotic surgery platform

Titan Medical Inc. (TSX VENTURE:TMD) announced today that it has signed an agreement with CAE Healthcare for various services related to the development of Titan's Amadeus^® clinical-grade robotic surgery platform. Once completed, the platform could be used, not only to perform surgery at a distance, but also to train surgeons via simulation.

"We are proud to partner with Titan Medical Inc. This agreement marks an innovative and significant step for CAE Healthcare as we will be applying our simulation and modelling expertise to help analyze, research, and develop the world's next generation robotic surgery platform," said CAE Healthcare President, Guillaume Herve. "CAE's modelling and simulation tools are already used by aircraft manufacturers to research, test and validate the design of new aircraft. We are now bringing those best practices to healthcare."

As part of the agreement, CAE Healthcare will deliver an engineering development management environment platform. The agreement includes options, which if exercised would make CAE Healthcare the exclusive training provider for the Amadeus Robotic Surgical Platform.

"This agreement represents a major advancement toward realizing our objective of commercializing Amadeus^® that will overcome the current limitations of robotic surgery," said Reiza Rayman MD, PhD, President of Titan Medical Inc. "As a multiengine instrument rated pilot, I understand the importance of simulation and training for aviation safety. A world-class development partner such as CAE Healthcare serves to validate our critically enabling technologies, reduce development risk and cost as well as accelerate the development of Amadeus^®, while also leveraging CAE's unmatched expertise in simulation and training to heighten surgical safety."

Under the terms of the agreement, both parties will focus their initial efforts in setting out requirements of the surgeon console to meet FDA standards. In addition, CAE Healthcare will install at the Titan Medical Inc.'s development location in Ancaster, Ontario an engineering development management environment platform.

Source Titan Medical Inc.