TransEnterix, Inc. Announces First Sale of ALF-XⓇ Surgical Robotic System
TransEnterix, Inc. (NYSE MKT: TRXC), a medical device company that is pioneering the use of robotics to improve minimally
invasive surgery, today announced the first global sale of its ALF-XⓇ Surgical Robotic System to Humanitas Hospital in Milan,
Italy.
“We are pleased to announce the first global sale of our ALF-X System,” said Todd M. Pope, President and CEO of TransEnterix.
“Humanitas is an outstanding academic hospital with a respected multi-specialty surgical program. The ALF-X enables an enhanced
surgical program through the use of advanced robotic technology with responsible procedural economics.”
“The initiation of sales of ALF-X represents an important milestone towards realizing our vision to transform surgical
robotics,” continued Mr. Pope. “We have made substantial progress building out our global commercial, distribution and service
capabilities throughout 2016.”
The ALF-X System is CE Marked and is indicated for use in general surgery, gynecology, urology and thoracic surgery. We are
actively preparing a submission for U.S. FDA Clearance for the ALF-X System.
About Humanitas
Humanitas is a highly specialized research and teaching hospital partnered with Humanitas University Medical School. Humanitas
University trains globally-oriented healthcare professionals through state-of-the-art interactive teaching methods and close
integration with their clinical and research community. Humanitas believes that it is essential to unite organizational efficiency
and clinical quality. For this reason, it was the first Italian general hospital and one of the few in Europe, to be certified for
quality by the International Joint Commission.
About TransEnterix
TransEnterix is a medical device company that is pioneering the use of robotics to improve minimally invasive surgery by
addressing the clinical and economic challenges associated with current laparoscopic and robotic options. The company is focused on
the commercialization of the ALF-X Surgical Robotic System, a multi-port robotic system that brings the advantages of robotic
surgery to patients while enabling surgeons with innovative technology such as haptic feedback and eye sensing camera control. The
company is also developing the SurgiBot™ System, a single-port, robotically enhanced laparoscopic surgical platform. The ALF-X
Surgical System has been granted a CE Mark but is not available for sale in the US. For more information, visit the TransEnterix
website at www.transenterix.com.
Forward Looking Statements
This press release includes statements relating the ALF-X® System and SurgiBot™ System and our current regulatory and
commercialization plans for these products. These statements and other statements regarding our future plans and goals constitute
"forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, and are intended to qualify for the safe harbor from liability established by the Private Securities
Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that are often difficult to predict, are
beyond our control and which may cause results to differ materially from expectations. For a discussion of the risks and
uncertainties associated with TransEnterix's business, please review our filings with the Securities and Exchange Commission (SEC),
including our Annual Report on Form 10-K filed on March 3, 2016, our other filings we make with the SEC. You are cautioned not to
place undue reliance on these forward looking statements, which are based on our expectations as of the date of this press release
and speak only as of the origination date of this press release. We undertake no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information, future events or otherwise.
For TransEnterix, Inc.
Investor Contact:
Mark Klausner, 443-213-0501
invest@transenterix.com
or
Media Contact:
Mohan Nathan, 919-765-8400
media@transenterix.com
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