Symmetry Surgical Completes Agreement with JSSJapan Surgical Specialty (JSS) Corporation to Distribute its Leading Brands in Japan
Symmetry Medical Inc. announced today that its subsidiary, Symmetry Surgical, has completed an agreement with Japan Surgical Specialty (JSS) Corporation to distribute its leading medical device brands in Japan .
Partnership With JSS to Further Symmetry Surgical Presence in World's Second Largest Medical Device Market
WARSAW, Ind. , June 6, 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 its subsidiary, Symmetry Surgical, has completed an agreement with Japan Surgical Specialty (JSS) Corporation to distribute its leading medical device brands in Japan . The direct engagement of the Japanese market for Symmetry Surgical is in line with the global expansion of its recently expanded business, which includes leading brands from Symmetry Surgical, formerly Codman Surgical Instruments, and SSi.
Founded in 1991, JSS is part of the Intermed Japan Group (IMJ) and is focused on meeting the needs of the surgical market in Japan with clinical and service support for innovative and high quality medical devices. With a national distribution network and dedicated logistics and service facility, JSS is positioned well to drive growth of Symmetry Surgical's comprehensive surgical instruments product portfolio through its full service business model.
Chris Huntington, Chief Operating Officer of Symmetry Surgical, commented, "Launching the entire Symmetry Surgical instrument portfolio into Japan , the world's second largest medical device market, represents a key milestone in our global expansion process and integration of the newly acquired Codman Surgical Instruments portfolio. In partnership with JSS, we are excited about the opportunity to drive growth of our existing business in Japan and introduce new Symmetry Surgical brands to this important marketplace."
About Symmetry Surgical Inc.
Symmetry Surgical is dedicated to developing quality surgical instruments that meet the needs of clinicians and help improve the lives of patients. Our portfolio brings together the product lines of Specialty Surgical Instrumentation (SSi), Olsen Medical and the recently acquired surgical instruments division Codman & Shurtleff, Inc. Our well-known brands include BOOKWALTER®, GREENBERG™, RILEY™, OLSEN™, ULTRA™, QUAD-LOCK™, FLASHPAK™, RAPIDCLEAN®, OPTI-LENGTH®, CLASSIC® and CLASSIC PLUS®. Headquartered in Nashville , Symmetry Surgical is a wholly owned subsidiary of Symmetry Medical Inc (NYSE:SMA).
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.
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. Forwardlooking 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.
Symmetry Medical Inc.
Fred L. Hite
Senior Vice President
Chief Financial Officer
Investors / Media:
The Ruth Group
Zack Kubow / Lisa Cook
(646) 536-7020 / 7012