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Mazor Robotics Delivers Three Renaissance Systems During First Quarter 2015

Mazor Robotics Ltd., a developer of innovative guidance systems and complementary products, announced today that it received orders and delivered three Renaissance systems, one in the U.S. and two internationally, in the first quarter ended March 31, 2015. In the U.S., the Renaissance system was purchased by Arrowhead Hospital, located in Glendale, AZ.

Arrowhead is owned by one of the nation’s largest investor-owned healthcare services companies and represents the sixth Renaissance system installed through its hospital network. Internationally, the systems were installed at hospitals in Germany and Taiwan, representing the twelfth and fourth systems installed in those countries, respectively

“The purchase of a sixth Renaissance system by a leading healthcare organization – the largest single customer for the system – is a significant achievement and continues to validate the clinical and economic benefits of our innovative surgical guidance system,” commented Ori Hadomi, Chief Executive Officer. “This purchase and the increased utilization and record procedure volumes we experienced in the first quarter further demonstrates the continued adoption and high customer satisfaction of the systems currently in use.”

The Company continues to have active discussions with hospital administrators and subsequent to the end of the first quarter completed a system sale to a Richmond, VA-based hospital, representing its first Renaissance system. This sale increases Mazor’s total US installed base to 48 systems.

The Company currently intends to report its financial results for the first quarter ended March 31, 2015 on May 7, 2015.

Source: http://mazorrobotics.com/

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