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Conformis Announces First Procedure Performed Using New Actera(TM) Hip System

CFMS

First Actera™ procedure underscores company’s ongoing commitment to advancing joint replacement technology by leveraging its data-driven approach and surgical planning expertise

BILLERICA, Mass., Nov. 29, 2022 (GLOBE NEWSWIRE) -- Conformis, Inc. (NASDAQ:CFMS), a leading medical device company that features personalized knee and hip replacement products, today announced that the first procedure with the company’s new Actera™ Hip System has been performed.

Dr. William Kurtz, MD performed the hip replacement procedure at Ascension Saint Thomas Hospital in Nashville, Tennessee, using a minimally invasive direct-anterior approach. “The Actera hip system is a great new option for hip reconstruction surgeons,” said Dr. Kurtz. “Conformis’ addition of a tri-taper stem design enables surgeons to treat a broader range of patient anatomies and the shorter length options offer easier access to the femur while maintaining the fixation and integrity required for long term success of the implant.”

The new system is currently rolling out to select sites across the U.S., and the company anticipates the full commercial launch of Actera in mid-2023. Actera will feature several personalization options for surgeons to choose what best fits their patients, even for complex anatomies.

The new Actera Hip System uses the cutting-edge tri-taper stem design, which features a range of sizes and angles derived from the company’s deep data analytics of its large patient database. This cementless hip stem component features a proximally coated titanium spray with a hydroxyapatite layer to encourage initial and long-term fixation.

“We are pleased with the initial interest and positive reception of our Actera Hip System, which is part of Conformis’ continued efforts to be at the forefront of design, technology and personalization in total joint replacement,” said Mark Augusti, President and CEO of Conformis. “This exciting new addition to our portfolio allows us to expand our offering to surgeons treating patients in need of hip replacement surgery.”

Actera is available in variable collar lengths to avoid the overhang or stem subsidence that can occur when using implants with fixed collar lengths. In addition, the hip system has two head-center options in each size, enabling a more intuitive intraoperative experience.

Most significantly, this is a major building block for the future. Once Actera’s tri-taper stem design is combined with Conformis’ proprietary three-dimensional, data-driven personalized hip planning software, surgeons will be able to choose, pre-operatively, the best fit implant construct for their patients’ needs and their choice in surgical technique. The company believes this will result in a more efficient and streamlined operating room experience, a less invasive procedure, and a more stable fit for initial and long-term fixation.

“As with our Identity™ and Imprint™ knee replacement systems, Actera is a data-driven design derived from both Conformis’ industry leading database of thousands of patients’ anatomies and our advanced surgical planning experience,” said James Paiva, Vice President of Marketing. “This enables Conformis to continue to design and deliver the industry’s most comprehensive portfolio of personalized products and surgical planning for total joint replacement.”

About Conformis, Inc.
Founded in 2004, Conformis is a medical technology company focused on advancing orthopedic patient care and creating a world without joint pain. Its product portfolio is designed to maximize surgeon and patient choice by offering fully personalized solutions through its Image-to-Implant® Platinum Services℠ Program as well as data-informed, standardized solutions that combine many benefits of personalization with the convenience and flexibility of an off-the-shelf system. Conformis’ sterile, just-in-time, Surgery-in-a-Box™ delivery system is available with all of its implants and personalized, single-use instruments. Conformis owns or exclusively in-licenses issued patents and pending patent applications that cover personalized implants and patient-specific instrumentation for all major joints. For more information, visit www.conformis.com. To receive future press releases via e-mail alerts, sign up at ir.conformis.com.

Cautionary Statement Regarding Forward-Looking Statements
Statements in this press release about our future expectations, plans and prospects, including statements about the anticipated timing of our product launches, and our financial position and results, total revenue, product revenue, gross margin, operations and growth, as well as other statements containing the words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "project," "should," "target," "will," or "would" and similar expressions, constitute forward-looking statements within the meaning of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. We may not actually achieve the forecasts disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements. Actual financial results could differ materially from the projections disclosed in the forward-looking statements we make as a result of a variety of risks and uncertainties, including risks related to our estimates and expectations regarding our revenue, gross margin, expenses, revenue growth and other results of operations, and the other risks and uncertainties described in the "Risk Factors" sections of our public filings with the Securities and Exchange Commission. In addition, the forward-looking statements included in this press release represent our views as of the date hereof. We anticipate that subsequent events and developments may cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date hereof.

CONTACT
Investor contact
ir@conformis.com
781.374.5598

Source: Conformis, Inc.


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