Posted in | News | Medical Robotics

Mazor Robotics Delivers Three Renaissance Systems to U.S. Hospitals

Mazor Robotics Ltd., a developer of innovative surgical guidance systems and complementary products, announced today that it received purchase orders for and delivered three Renaissance systems in the third quarter ended September 30, 2015.

The three systems were delivered to U.S. hospitals representing new markets for the Company, including the first two systems installed in the New York City metropolitan area and one in the Pacific Northwest. The systems installed in the New York City metropolitan area include clinical and academic centers, one of which is within the largest and most comprehensive hospitals in the U.S.

“Successfully entering the New York metropolitan area market has been a major focus of Mazor and is a significant achievement for the development of our Company,” said Ori Hadomi, Chief Executive Officer. “By achieving this milestone, now the most densely populated region in the U.S. has access to Renaissance’s benefits. Each of the hospitals in the NY city metro area is a well-regarded academic institution. Our sales in New York and the Pacific Northwest result from our strategic emphasis on developing new markets.”

“Our sales team was also actively engaged in several high-level commercial discussions when the third quarter ended. We continue to pursue these and other opportunities, and expect to install more Renaissance systems in the second half of 2015 as compared to the first half. In addition, we currently believe that our recurring revenue continued to grow solidly, illustrating the growing utilization of our installed base,” Mr. Hadomi concluded.

The Company ended the third quarter with 96 Renaissance systems installed globally, including 56 in the U.S., the Company’s primary growth market. This compares with 77 and 44 systems for the third quarter ended September 30, 2014, respectively. The Company currently intends to report its complete financial results for the third quarter ended September 30, 2015 on November 5, 2015.

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