24th Jun 2014 10:10
LONDON (Alliance News) - Surgical Innovations Group PLC Tuesday expressed confidence for its future growth as it prepares to launch its new 3 millimetre 'Ultra MIS' technology, in a statement ahead of its annual general meeting.
The medical technology company said that following investment from Chris Rea in June its working capital has been "significantly enhanced" which has helped support the development and promotion of the new product.
"The board is confident that the Group's future success will be achieved through the strategic introduction of our '3mm 'Ultra MIS' clinical solutions," Chairman Doug Liversidge said.
The company said it had continued to build on its growth in the UK and US last year, and during 2013 there was a 59% increase in the number of hospitals in Yorkshire using its products. The US remains a key market, the company said, and it is broadening its sales channels. It has seen a 75% increase in sales in the US of its branded products.
Shares in Surgical Innovations Group were trading up 0.5% at 5.00 pence Tuesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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