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TMCNet:  Titan Medical signs agreement with CAE Healthcare

[November 25, 2009]

Titan Medical signs agreement with CAE Healthcare

Nov 25, 2009 (Datamonitor Financial Deals Tracker via COMTEX) -- Titan Medical, Inc., a developer of robotic surgical technologies, has signed an agreement with CAE Healthcare, a provider of simulation and modelling technologies and integrated training solutions. Both the companies are based in Canada.

Under the terms of the agreement, CAE Healthcare will provide services related to the development of Titan's Amadeus clinical-grade robotic surgery platform. CAE Healthcare will deliver an engineering development management environment platform.

The agreement includes options, which if exercised would make CAE Healthcare the exclusive training provider for the Amadeus robotic surgical platform. The companies will focus their initial efforts in setting out requirements of the surgeon console to meet FDA standards.

Deal Type Partnership Sub-Category Other Deal Status Announced: 2009-11-24 Deal Participants Partner 1 (Company) CAE Healthcare, Inc.

Partner 2 (Company) CAE, Inc.

Partner 3 (Company) Titan Medical, Inc.

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