WARSAW, Ind., Feb. 28, 2012 (GLOBE NEWSWIRE) -- Symmetry Medical Inc. (NYSE:SMA), a leading global source of innovative medical device solutions, including surgical instruments, orthopedic implants, and sterilization cases and trays, announced today that it has launched the Offset Reamer Driver through its OEM Solutions team.
Symmetry's new Offset Reamer Driver1 is used in minimally invasive surgical techniques, such as the direct anterior approach, to introduce acetabular reamers to the hip joint. The driver features a drive shaft designed and tested2 to meet the demands of Total Hip Athroplasty (THA) surgery. The product highlights include:
- Acetabulum access is improved due to the low-profile reamer/driver interface connection
- Features an ergonomic silicone overmolded handle
- Compatible with all of Symmetry's flagship acetabular reamers and together with the Split-Thread Cup Impactor launched last year further expands the Company's minimally invasive line of hip arthroplasty instruments
Thomas J. Sullivan, President and Chief Executive Officer, said, "The launch of the Offset Reamer Driver is an example of Symmetry's commitment to further expanding our line of acetabular preparation instrument products to support our OEM customers and the surgeons they serve. The driver is the most tested instrument ever developed by Symmetry and highlights our commitment to develop state-of-the-art, durable instruments that will be well received as a valuable additions to our customers' surgical instrument sets for total hip replacement surgery."
Mr. Sullivan added, "The launch is also consistent with our strategy to increase sales of proprietary, IP-backed innovative medical device solutions, which drive improved gross margins and profitability."
Additional information about the Company's complete line of acetabular preparation products may be found at www.symmetrymedical.com/Products/Instruments/Hip.
About Symmetry Medical Inc.
Symmetry Medical Inc. is a leading global source of innovative medical device solutions, including surgical instruments, orthopedic implants, and sterilization cases and trays. The Company's thousands of Teammates provide design, development and worldwide production capabilities for these products to customers in the orthopedic industry, other medical device markets, and specialized non-healthcare markets. Symmetry's trusted reputation and brands, broad Intellectual Property portfolio and commitment to innovation enable it to collaborate with hundreds of global medical device manufacturers as well as thousands of hospitals to provide solutions for today's needs and tomorrow's growth.
Forward-Looking Statements
Statements in the press release regarding Symmetry Medical Inc.'s business which are not historical facts may be "forward-looking statements" that involve risks and uncertainties, within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are predictive in nature and are frequently identified by the use of terms such as "may," "might," "will," "should," "expect," "believe," "anticipate," "plan," "estimate," "intend," and similar words indicating possible future expectations, events or actions. Such predictive statements are not guarantees of future performance, and actual outcomes and results could differ materially from our current expectations. We refer you to the "Risk Factors" and "Forward Looking-Statements" sections in the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission as well as the Company's other filings with the SEC, which are available on the SEC's Web site at www.sec.gov.
1Patent pending
2A comprehensive test report is available upon request