SPINEWAY : Signature of a new distribution agreement in the US

SPINEWAY : Signature of a new distribution agreement in the US

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Press release                                                                                                                          Ecully, 10 January 2017

Signature of a new distribution agreement in the US

Spineway, specialist in surgical implants and instruments for treating disorders of the spinal column (spine), announces the signature of a distribution agreement with a new partner based in Dallas. This contract concerns the sale of all the Spineway lines authorized for distribution in the United States, i.e., Mont-Blanc, Mont-Blanc 3D+, Mont-Blanc MIS, Blue Mountain and Twin Peaks.

This player specializing in bone substitutes is active throughout Texas. As the company wanted to centralize its spinal offerings with the same supplier, it was impressed by the range of Spineway`s product lines and the Group`s know-how. Spineway will therefore be able to distribute its products in Texas, one of the biggest states in the US in terms of revenue in the field of spinal implants.

This new distribution agreement complements the one signed last September, pursuant to which the first sales representing $2M will be delivered in 2017.

Spineway will pursue its active development in the United States and will continue to solidify new partnerships throughout the financial year.

Find out all about Spineway at www.spineway.com

Next communication:
Turnover 2016 – 19 January 2017

SPINEWAY IS ELIGIBLE FOR THE PEA-PME (EQUITY SAVINGS PLAN FOR SMES)

Spineway designs, manufactures and markets innovative implants and surgical instruments for treating severe disorders of the spinal column.
Spineway has an international network of over 50 independent distributors and 90% of its turnover comes from exports.
Spineway, which is eligible for investment through FCPIs (French unit trusts specializing in innovation), received the OSEO Excellence award as well as the Deloitte Fast 50 award in 2011. Rhône Alpes INPI Patent Innovation Award (2013) -Talent INPI award (2015).

Contacts:           

Investor Relations
David Siegrist, Finance Director
Tel: +33 (0)4 72 77 01 52
finance.dsg@spineway.com
Financial Communication
Jérôme Gacoin / Solène Kennis
Tel: +33 (0)1 75 77 54 68
skennis@aelium.fr

Signature of a new distribution agreement in the US

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SPINEWAY via GlobeNewswire

HUG#2069968

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