EOI Announces Record Q1 Growth & Revenue

Tuesday, May 2, 2017 General News
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A significant increase in new surgeon users leading to a record Q1 revenue

OR AKIVA, Israel, May 2, 2017 /PRNewswire/ --

Expanding Orthopedics Inc. (EOI), a privately held medical

device company focused on developing and commercializing innovative expandable devices for spine surgery, today announced a significant increase in new surgeon users in Q1 has led to record revenues in the sales of their FLXfit™ 3D Expanding TLIF Cage, achieving its largest revenue quarter to date.

Dale Binke, Vice President of US Sales, commented, "Our record breaking quarter was highlighted by strong clinical acceptance which accelerated our growth in both MIS and open surgical approaches." He explained that "As we build the sales organization, we have been able to recruit and retain best in class distributors and sales agents. They recognize that FLXfit™ offers features that no other cage on the market can rival, which provides tremendous value with surgeon satisfaction and surgeon retention."

Ofer Bokobza, CEO of Expanding Orthopedics, commented, "Our growth and rapid expansion is fueled by surgeons' pursuit to provide the best care to their patients".  Ofer explained "FLXfit™ provides clear differentiation over competitive expandable cages. The large footprint design coupled with a unique expansion mechanism helping to restore and retain lordosis leading to sagittal alignment". He concluded "Additional product releases this year will continue our strong growth for 2017."

About Expanding Orthopedics Inc. 

Expanding Orthopedics Inc. is a medical device company developing and marketing innovative products designed to address unmet clinical needs for spine care and improve long-term patients' outcome. The Company is spearheaded by a seasoned management team, and is backed by prominent spine surgeons. EOI owns a broad patent portfolio around anatomically fit, expandable devices for enhanced stability through a minimally invasive approach.

Contact info: David Elkaim, VP Marketing and Sales E-mail: david@xortho.com Phone: +1(347)3219683

SOURCE Expanding Orthopedics Inc. (EOI)



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