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Mazor Robotics Sells Five Renaissance Systems in Third Quarter 2014

Mazor Robotics Ltd., a developer of innovative guidance systems and complementary products, announced today that it sold five Renaissance systems in the third quarter which ended September 30, 2014. One of the five systems sold was a Renaissance system that included both the Spine and Brain modules.

Additionally the Company sold two brain module upgrades to existing Renaissance users. The Brain module was commercially launched in the second quarter of 2014. The Renaissance systems and the brain module upgrades sold in the quarter were all installed in the U.S. market.

“The five systems we sold in the 3rd quarter increased our US installed base to 44 systems and included systems installed in new major metropolitan markets, such as San Francisco and Detroit. We also installed systems in our developed clusters, penetrating deeper into these markets where we continue to see significant growth opportunities,” commented Ori Hadomi, Chief Executive Officer. "Furthermore, we are very encouraged from the initial interest from current and prospective customers of the newly launched brain application.”

The Company currently intends to report its complete financial results for the third quarter on October 30, 2014.

About Mazor

Mazor Robotics is dedicated to the development and marketing of innovative surgical guidance systems and complementary products that provide a safer surgical environment for patients, surgeons, and operating room staff. Mazor Robotics’ flagship product, Renaissance®, is a state-of-the-art surgical guidance system that enables surgeons to conduct spine surgeries in an accurate and secure manner. Mazor Robotics systems have been successfully used in the placement of over 50,000 implants worldwide. Numerous peer-reviewed publications and presentations at leading scientific conferences have validated the accuracy, usability, and clinical advantages of Mazor Robotics technology. For more information, the content of which is not part of this press release, please visit www.mazorrobotics.com.

Source: http://mazorrobotics.com/

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