SOURCE: Titan Medical Inc.

Titan Medical Inc.

October 13, 2015 07:00 ET

Titan Medical Inc. Announces Issuance of Two U.S. Patents

TORONTO, ON--(Marketwired - October 13, 2015) - Titan Medical Inc. ("Titan" or the "Company") (TSX: TMD) (OTCQX: TITXF) today announced the issuance of two patents from the United States Patent and Trademark Office (USPTO). U.S. Patent No. 9,149,339 is related to methods of controlling robotic instruments, while U.S. Patent No. 9,033,998 is related to the architecture of multi-articulating robotic instruments.

"The issuance of these patents confirms our innovative research and development efforts in the field of robotically-assisted surgical devices," said John Hargrove, Chief Executive Officer of Titan Medical Inc. "As the design of our robotic platform has evolved, we remain committed to bringing to the market an advanced robotic system that utilizes highly-dexterous multi-articulating robotic instruments and other innovations in software control, user interfaces, and ergonomics."

With the addition of these patents and the recent filing of patent applications directed at innovative aspects of the SPORT™ Surgical System, Titan's current patent portfolio consists of 11 patents and 21 patent applications assigned to or exclusively licensed to the Company in various jurisdictions, including the United States, Canada and Europe. Titan continues to evaluate its technology for patent protection and anticipates expanding its patent portfolio by filing further patent applications and licensing suitable technologies as warranted.

About Titan Medical Inc.

Titan Medical Inc. is a Canadian public company focused on the design and development of a robotic surgical system for application in minimally invasive surgery ("MIS"). The Company's Single Port Orifice Robotic Technology, SPORT™ Surgical System, currently under development, is comprised of a surgeon-controlled robotic platform that includes a 3D vision system and interactive instruments for performing MIS procedures, and a surgeon workstation that provides the surgeon with an interface to the robotic platform for controlling the interactive instruments and providing a 3D endoscopic view of inside a patient's body during MIS procedures. The SPORT™ Surgical System is being designed to expand robotic surgery into both simple and complex areas of surgical specialties and procedures that are currently under-serviced. It is also being designed to allow surgeons to perform procedures within small- to medium-size surgical spaces for general abdominal, gynecologic, and urologic indications. For more information, visit the Company's website at www.titanmedicalinc.com.

Forward-Looking Statements

This news release contains "forward-looking statements" which reflect the current expectations of management of the Company's future growth, results of operations, performance and business prospects and opportunities. Wherever possible, words such as "may", "would", "could", "will", "anticipate", "believe", "plan", "expect", "intend", "estimate", "potential for" and similar expressions have been used to identify these forward-looking statements. These statements reflect management's current beliefs with respect to future events and are based on information currently available to management. Forward-looking statements involve significant risks, uncertainties and assumptions. Many factors could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, without limitation, those listed in the "Risk Factors " section of the Company's Annual Information Form dated March 31, 2015 (which may be viewed at www.sedar.com). Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward looking statements prove incorrect, actual results, performance, or achievements may vary materially from those expressed or implied by the forward-looking statements contained in this news release. These factors should be considered carefully, and prospective investors should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in the news release are based upon what management currently believes to be reasonable assumptions, the Company cannot assure prospective investors that actual results, performance or achievements will be consistent with these forward-looking statements

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