OMER, Israel, Dec. 06, 2018 (GLOBE NEWSWIRE) -- Medigus Ltd. (NASDAQ: MDGS) (TASE: MDGS), a medical device company
developing minimally invasive endosurgical tools and a leader in direct visualization technology, today announced that the National
Aeronautics and Space Administration (NASA), has incorporated Medigus’ micro ScoutCam™ 8.0 HD, the world’s smallest HD camera and
illumination solution, into its Visual Inspection Poseable Invertebrate Robot 2 (VIPIR2). VIPIR2, a robotic, multi-capability
inspection tool being used as part of NASA’s Robotic Refueling Mission 3 (RRM3), was launched into space on December 5, 2018.
RRM3 builds on the first two phases of International Space Station technology demonstrations that tested tools,
technologies, and techniques to refuel and repair satellites in orbit. NASA’s second phase of the Robotic Refueling Mission
incorporated micro ScoutCam™ 1.2 at the end of a deployable video borescope to demonstrate camera inspection capabilities in May
2015 – making RRM3 the second project between NASA and Medigus. The collaboration is the result of an official tender bid with the
United States government.
“Medigus is honored to support NASA on RRM3, which is crucial for advancing technologies that will allow replenishing vital
supplies in space,” said Chris Rowland, Chief Executive Officer, Medigus. “We pride ourselves in our ability to offer
custom-tailored optics and seamless integration, and believe our innovative technology will greatly contribute to this next phase
of the mission.”
The micro ScoutCam™ 8.0 HD, custom designed for NASA, features one module consisting of both HD camera and illumination, and
serves as the borescope camera on VIPIR2. The versatility of micro ScoutCam™ 8.0 HD is supported by attributes including its
miniature size, remarkable image quality, state of the art customizable optics, waterproof materials and its adaptability in
extreme temperatures.
About Medigus
Medigus is a medical device company specializing in developing minimally invasive endosurgical tools and highly innovative imaging
solutions. Medigus is the pioneer developer of the MUSE™ system, an FDA cleared and CE marked endoscopic device to perform
Transoral Fundoplication (TF) for the treatment of GERD (gastroesophageal reflux disease), one of the most common chronic
conditions in the world. In 2016, the CMS established the Category I CPT® Code of 43210 for TF procedures, such as the ones
performed with MUSE, which establishes reimbursement values for physicians and hospitals. Medigus makes persistent efforts to gain
MUSE adoption in key markets around the world – it is available in world-leading healthcare institutions in the U.S., Europe and
Israel. Medigus is also in the process of obtaining regulatory clearance in China. Medigus is traded on the Nasdaq Capital Market
and the TASE (Tel-Aviv Stock Exchange Ltd.). To learn more about the company’s advanced technology, please visit www.medigus.com or
www.RefluxHelp.com.
About the micro ScoutCam™ Portfolio
As an expert in micro-endoscopic devices, Medigus developed the micro ScoutCam™ portfolio, which consists of a variety of micro
CMOS and CCD video cameras, and includes micro ScoutCam™ 1.2, which to the best of the company's knowledge, is the smallest in the
world. Micro ScoutCam technology features optic and illumination solutions, micro sensors and high-end DSP video processors that
can be tailored for both medical and industrial applications. Customization and seamless integration is at the forefront of the
micro ScoutCam portfolio’s design. All micro ScoutCam cameras are manufactured at Medigus’ facilities, in a controlled environment,
ISO 7 per the ISO 14644-1:2015 Standard and 13485:2016 for Quality Management System.
About RRM3
NASA’s Robotic Refueling Mission 3 (RRM3) builds on the first two phases of International Space Station technology demonstrations that tested
tools, technologies and techniques to refuel and repair satellites in orbit. RRM3 will demonstrate innovative methods to store,
transfer and freeze standard cryogenic fluid in space. The technologies are applicable to satellite servicing and to enabling long
duration journeys to destinations like the Moon and Mars. The mission is currently scheduled to launch to the space station in 2018
aboard the SpaceX Commercial Resupply Services mission 16 and has a projected two-year lifespan. RRM3 is developed and operated by
the Satellite Servicing Projects Division at NASA's Goddard Space Flight Center in Greenbelt,
Maryland, and managed by the Technology Demonstration Missions program within NASA's Space Technology Mission Directorate.
This press release may contain statements that are “Forward-Looking Statements,” which are based upon the current estimates,
assumptions and expectations of the company’s management and its knowledge of the relevant market. The company has tried, where
possible, to identify such information and statements by using words such as “anticipate,” “believe,” “envision,” “estimate,”
“expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,”
“contemplate” and other similar expressions and derivations thereof in connection with any discussion of future events, trends or
prospects or future operating or financial performance, although not all forward-looking statements contain these identifying
words. These forward-looking statements represent Medigus’ expectations or beliefs concerning future events, and it is
possible that the results described in this press release will not be achieved. By their nature, Forward-Looking Statements involve
known and unknown risks, uncertainties and other factors which may cause future results of the company’s activity to differ
significantly from the content and implications of such statements. Other risk factors affecting the company are discussed in
detail in the company's filings with the Securities and Exchange Commission. Forward-Looking Statements are pertinent only as of
the date on which they are made, and the company undertakes no obligation to update or revise any Forward-Looking Statements,
whether as a result of new information, future developments or otherwise. Neither the company nor its shareholders, officers and
employees, shall be liable for any action and the results of any action taken by any person based on the information contained
herein, including without limitation the purchase or sale of company securities. Nothing in this press release should be deemed to
be medical or other advice of any kind.
MEDIA CONTACT:
Chantal Beaudry
Lazar Partners Ltd.
212-867-1762
cbeaudry@lazarpartners.com
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/da838cff-d778-46c2-8cde-0a2181bf47ec.
