Titan Medical Inc. Joins OTCQX
NEW YORK, Feb. 24, 2012 /PRNewswire/ — OTC Markets Group Inc. (OTCQX: OTCM), the company that operates the world’s largest electronic marketplace for OTC-traded equities, announced that Titan Medical Inc. (OTCQX: TITXF; TSX.V: TMD), a company focused on the development and commercialization of robotic surgical technologies, is now trading on the highest tier of the OTC market, OTCQX®.
Titan Medical began trading today on the OTC market’s prestigious tier, OTCQX International. Investors can find current financial disclosures and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
“The OTCQX platform supports a transparent marketplace with high quality issuers, financial information disclosure and efficient trading for U.S. investors,” said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. “We are pleased to welcome Titan Medical to OTCQX.”
Dorsey & Whitney LLP will serve as Titan Medical’s Principal American Liaison (“PAL”) on OTCQX, responsible for providing guidance on OTCQX requirements and U.S. securities laws.
About Titan Medical Inc.
Titan Medical Inc. is a Canadian public company (OTCQX: TITXF; TSX VENTURE: TMD) focused on the development and commercialization of robotic surgical technologies. The Company is currently developing Amadeus Composer(TM), a surgical system that has a uniquely designed external robot and flexible instruments, with the objective of allowing surgeons to overcome constraints of surgical procedures in small to medium spaces. Amadeus Maestro(TM), the Company’s next generation 4-armed robotic surgical system with advanced communication and training, utilizes the Titan True Touch Technology and is targeted to surgical procedures in large spaces. Robotic surgery has developed over the past 10 years into a proven and growing method of treatment. The global robotic surgical market size is currently estimated to be approximately $1 billion and is estimated to grow to $5 billion by 2015 with potential for placement of 6,000 robotic surgical systems. The Company is researching and developing innovative technologies to empower surgeons to use robots in the operating room of the future. For more information, visit the Company’s website at www.titanmedicalinc.com.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world’s largest OTC marketplace for equity securities. Our OTC Link® trading system delivers price transparency in over 10,000 securities and enables direct interaction between broker-dealers that provide liquidity and execution services. We organize the marketplace by categorizing the wide spectrum of OTC-traded companies into three tiers: OTCQX – The Intelligent Marketplace for the Best OTC Companies; OTCQB® – The Venture Marketplace; and OTC Pink® – The Open Marketplace. Our information-driven platform makes it easy for investors to trade at the best price through the broker of their choice and empowers companies to build the best markets for their investors. To learn more about our Open, Transparent, and Connected marketplace, visit www.otcmarkets.com.
SOURCE OTC Markets Group Inc.