Symmetry Surgical Completes distribution deal with Device Technologiesto Drive Expansion in Australia and New Zealand
Symmetry Medical Inc. announced today that its subsidiary Symmetry Surgical, Inc. has has completed a distribution agreement in Australia and New Zealand with Device Technologies Australia, PTY Ltd.
Partnership Supports Strong Base of Existing Business and Opens Market to Additional Symmetry Surgical Brands
WARSAW, Ind. , May 30, 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, Inc. has completed a distribution agreement in Australia and New Zealand with Device Technologies Australia, PTY Ltd. for the distribution of its direct surgical product portfolio. Under the agreement, Device Technologies will offer leading brands from Symmetry Surgical, formerly Codman Surgical Instruments, and SSi.
Device Technologies has been a major supplier of leading edge medical devices and technologies to hospitals and healthcare professionals in Australia and New Zealand for over 20 years. Its comprehensive range of medical products is supported by over 230 highly trained product specialists, clinical educators, service engineers and regulatory affairs personnel to provide superior outcomes for medical staff and their patients.
Chris Huntington, Chief Operating Officer of Symmetry Surgical, added, "Through our recent acquisition of the Codman Surgical Instruments portfolio we have gained a strong presence in the Australian marketplace. We are excited about the prospects of our strategic agreement with Device Technologies and believe the strength of this partnership will drive further growth of our existing business and open new distribution channels for Symmetry Surgical's other leading brands."
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 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, orthopaedic 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