Pinnaclemed purchases Mazor Robotics' Renaissance system

Mazor Robotics Ltd. (TASE:MZOR), the developer of Renaissance™, an innovative surgical guidance system and its complementary products, today announced that Pinnaclemed Co., Ltd., the Company's distribution partner in Taiwan, purchased its first Renaissance system. The system will be installed during the second quarter in a leading institution in Taiwan.

“We have made great progress in Taiwan through our partnership with Pinnaclemed, and we expect Taiwan to offer strong growth prospects for Renaissance in the coming years. We are excited to bring our innovative technology to the Taiwanese surgeons and patients.”

In January Mazor received regulatory approval to market its Renaissance technology in Taiwan. The Company is marketing Renaissance throughout the Asia Pacific region and currently has systems installed in several countries, including Japan, China, Korea, India, Singapore, Vietnam, and Australia.

"As a company recognized for bringing innovation to the Taiwan market, we are pleased to partner with Mazor, who has helped pioneer this technology and its application to spinal surgery," said Audy Chao, Chief Executive Officer of Pinnaclemed. "With the minimally invasive spine (MIS) market growing annually, we look forward to working closely with Mazor to bring the benefits of robotic MIS surgery to surgeons and patients across Taiwan."

"I'm pleased to announce the purchase of the first Renaissance system in Taiwan," stated Ori Hadomi, Chief Executive Officer of Mazor. "We have made great progress in Taiwan through our partnership with Pinnaclemed, and we expect Taiwan to offer strong growth prospects for Renaissance in the coming years. We are excited to bring our innovative technology to the Taiwanese surgeons and patients."

Renaissance, Mazor Robotics' next generation surgical guidance system for spine procedures, is transforming spine surgery from freehand operations to highly-accurate, state-of-the-art procedures, with less intra-operative radiation - even for minimally invasive surgery, scoliosis, and other complex spinal deformity cases. It is the only robotic technology for spine surgery available in the marketplace.