CARLSBAD, CALIFORNIA--(Marketwired - April 12, 2017) - Aurora Spine Corporation (TSX VENTURE:ASG) ("Aurora" or "Aurora Spine") announced today the issuance of its United States Patent No.: 9,603,637 entitled "POLYAXIAL INTERSPINOUS FUSION IMPLANT AND BONE GROWTH STIMULATION SYSTEM." In addition to Aurora's implant family of ZIP® ISPs, including its ZIP Ultra®, ZIP 51™, ZIP LP™, Dyna-ZIP™ and ZIP-Flex, this patent application covers the company's first polyaxial implant design.
"The polyaxial ZIP® Interspinous patent allowance is another milestone in Aurora Spine's history. Our latest patent permits for full polyaxial maneuverability of the implant components in difficult situations during minimally invasive fusion cases. This newly issued patent features our patented ONE-STEP™ locking mechanism that eliminates the use of a set screw in Aurora's Screwless Procedure™ surgeries. The ZIP technology provides Aurora Spine with opportunities to market, license and develop its products and screwless, minimally invasive implant technology further," said Laszlo Garamszegi, Chief Technology Officer of Aurora Spine.
"Aurora is changing spine surgery, and we are thrilled that our newest patent has been issued by the United States Patent and Trademark Office (USPTO). This patent further validates the modern advancements of our Screwless technology," said Trent Northcutt, President and CEO of Aurora Spine, "and it maintains our commitment to introduce advanced minimally invasive spine surgery technologies."
This is Aurora's second U.S. patent. Aurora Spine has several other U.S. and international patent applications pending directed to the ZIP system and its future technologies.
About Aurora Spine
Aurora Spine is an early stage company focused on bringing new solutions to the spinal implant market through a series of screwless, innovative, minimally invasive, regenerative spinal implant technologies. Aurora Spine continues to position itself at the forefront of spinal surgery procedures, focusing on minimally invasive spine surgery technologies. Aurora Spine is changing spine surgery by focusing on disruptive technologies following the Company's commitment to - Simplifying the Complex.
This news release contains forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Aurora Spine, including, without limitation, those listed under "Risk Factors" and "Cautionary Statement Regarding Forward-Looking Information" in Aurora Spine's final prospectus (collectively, "forward-looking information"). Forward-looking information in this news release includes information concerning the proposed use and success of the company's products in surgical procedures. Aurora Spine cautions investors of Aurora Spine's securities about important factors that could cause Aurora Spine's actual results to differ materially from those projected in any forward-looking statements included in this news release. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and may be forward-looking and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ unilaterally from those expressed in such forward-looking statements. No assurance can be given that the expectations set out herein will prove to be correct and, accordingly, prospective investors should not place undue reliance on these forward looking statements. These statements speak only as of the date of this press release and Aurora Spine does not assume any obligation to update or revise them to reflect new events or circumstances.