OrthoSensor And IM-Tech Enter Into A Strategic Partnership
DANIA BEACH, Fla. and SEOUL, South Korea, March 8, 2016 /PRNewswire/ -- OrthoSensor, Inc., the leader in sensor-assisted total knee arthroplasty, and IM-Tech, a subsidiary of Woori ETI Co., Ltd. a leading company in electronic components for telecommunications and consumer electronics industries, entered into a strategic partnership agreement that includes research and development collaboration, manufacturing, and capital investment.
"The partnership with IM-Tech will bring additional cutting-edge electronics technology into our internal product development process. It will also lead to improvements in our manufacturing efficiencies and enhance the commercialization of VERASENSE™ in the United States and internationally," said Ivan Delevic, President and Chief Executive Officer of OrthoSensor.
"We greatly appreciate that our outstanding technology is acknowledged as core input for high-tech medical equipment. We will do our best in contributing to human biotechnology through decisive investment in R&D. We are confident that this relationship will be a win-win for both of our companies," said Lee Jae Seok, Chief Executive Officer of IM-Tech.
VERASENSE is a disposable sensor used in total knee arthroplasty that delivers data wirelessly and enables surgeons to make evidence-based decisions on ligament/soft tissue balance and implant position in real time. Patients whose knees have been balanced through the use of VERASENSE show statistically significant improvements in joint function, pain, activity level and patient satisfaction.
OrthoSensor, Inc., the leader in sensor-assisted TKA develops and commercializes intelligent orthopedic devices and data services that provide quantitative feedback to surgeons and hospitals. The company's intelligent orthopaedic devices utilize advanced proprietary sensor and communications technologies coupled with the company's innovative software products to enable evidence-based orthopaedic surgery and a vision of improving patient outcomes and potentially reducing the cost of treating musculoskeletal disease.
OrthoSensor® and VERASENSE™ are trademarks of OrthoSensor, Inc.
IM-Tech was established in 2000 in Pa-ju in South Korea based on ceramic technology and makes products representing a fusion of materials and electronic circuits with latest high technologies. Ceramic division manufactures MLC (Multi-Layer Ceramic) substrate to inspect semiconductor wafers in setting up original materials and total processes. Mobile division manufactures and develops all types of antennas for smart phones such as NFC, Bluetooth, GPS, LTE, wireless charging antenna, and wireless chargers, metal frames and metal cases for smart phones. Camera division manufactures and develops high-end camera modules with OIS (Optical Image Stabilization) for smart phones and smart TVs.
SOURCE OrthoSensor, Inc.