CARLSBAD, Calif., Jan. 13, 2017 (GLOBE NEWSWIRE) -- Aurora Spine Corporation (TSXV:ASG) announced today the
allowance of its United States Patent Application No.: 14/732,240 entitled “POLYAXIAL INTERSPINOUS FUSION IMPLANT AND BONE GROWTH
STIMULATION SYSTEM.” In addition to Aurora’s implant family of ZIP® ISPs, including its ZIP Ultra®, ZIP 51™, ZIP LP™ and
Dyna-ZIP™, this patent application covers the company’s first polyaxial implant design.
“The polyaxial ZIP® Interspinous patent allowance is another milestone in Aurora Spine’s history. Our latest
patent will be issued for our newest interspinous device design that permits for full polyaxial maneuverability of the implant
components in difficult situations during minimally invasive fusion cases. The newly allowed patent features our already patented
ONE-STEP™ locking mechanism that eliminates the use of a set screw in Aurora’s Screwless Procedure™ surgeries,” said Laszlo
Garamszegi, Chief Technology Officer of Aurora Spine.
“Aurora is changing spine surgery, and we are thrilled that our newest patent has been allowed by the United
States Patent and Trademark Office (USPTO). This patent further validates the modern advancements of our Screwless technology,”
said Trent Northcutt, President and CEO of Aurora Spine, “and it maintains our commitment to introduce advanced, minimally invasive
spine surgery technologies.”
This is Aurora’s second allowed U.S. patent. Aurora Spine has several other U.S. and international patent
applications pending directed to the ZIP system and its future technologies.
About Aurora Spine
Aurora Spine is an early stage company focused on bringing new solutions to the spinal implant market through a
series of screwless, innovative, minimally invasive, regenerative spinal implant technologies. Aurora Spine continues to
position itself at the forefront of spinal surgery procedures, focusing on minimally invasive spine surgery technologies.
Aurora Spine is changing spine surgery by focusing on disruptive technologies following the Company’s commitment to – Simplifying
the Complex.
Forward-Looking Statements
This news release contains forward-looking information that involves substantial known and unknown risks and
uncertainties, most of which are beyond the control of Aurora Spine, including, without limitation, those listed under "Risk
Factors" and "Cautionary Statement Regarding Forward-Looking Information" in Aurora Spine's final prospectus
(collectively, "forward-looking information"). Forward-looking information in this news release includes information concerning the
proposed use and success of the company’s products in surgical procedures. Aurora Spine cautions investors of Aurora Spine's
securities about important factors that could cause Aurora Spine's actual results to differ materially from those projected in any
forward-looking statements included in this news release. Any statements that express, or involve discussions as to, expectations,
beliefs, plans, objectives, assumptions or future events or performance are not historical facts and may be forward-looking and may
involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ unilaterally from those
expressed in such forward-looking statements. No assurance can be given that the expectations set out herein will prove to be
correct and, accordingly, prospective investors should not place undue reliance on these forward looking statements. These
statements speak only as of the date of this press release and Aurora Spine does not assume any obligation to update or revise them
to reflect new events or circumstances.
For more information, please contact: Aurora Spine Corporation Trent Northcutt President and Chief Executive Officer (760) 424-2004 Eric Fronk Chief Financial Officer (760) 424-2004 www.aurora-spine.com