DGAP-News: Symmetry Surgical Partners With MTG Medical Technologies to Distribute Surgical Instruments Portfolio in Several European Countries

ID: 1167427
recent pressrelease next pressrelease

(businesspress24) - Symmetry Medical Inc.

06.11.2012 09:30
---------------------------------------------------------------------------

Key Partnership Furthers Symmetry Surgical's Global Presence and Sets Stage for
Further European Expansion

WARSAW, Ind., 2012-11-06 09:30 CET (GLOBE NEWSWIRE) --
Symmetry Medical Inc. (NYSE:SMA), a leading global source of innovative medical
device solutions, including surgical instruments, orthopedic implants and
sterilization cases and trays, announced today that its subsidiary, Symmetry
Surgical, has entered into an exclusive distribution agreement with MTG Medical
Technologies (MTG), subsidiary of Neuro-Competence, in Germany, Austria,
Switzerland, Czech Republic, Hungary and Slovakia. Under terms of the
agreement, MTG will distribute Symmetry Surgical's portfolio of surgical
instruments, which includes all brands and products of the recently acquired
Codman surgical instruments portfolio from Johnson and Johnson.

MTG, with more than 14 years of experience, is a leading medical device
distributor focused on innovative neurosurgical products that enhance patient
care and support hospital providers with cost effective, quality products. MTG
will provide Symmetry Surgical with broad regional coverage to support growth
of Symmetry's deep product portfolio.

'Partnering with MTG and bringing the Symmetry Surgical portfolio to Europe is
an exciting milestone in expanding our global presence,' said Chris Huntington,
Chief Operating Officer of Symmetry Surgical. 'Their expertise and mission
align with our own values, which are focused on improving patient care and
outcomes. We look forward to working with MTG to achieve strong growth in these
key markets as we continue our expansion into other European countries in the
coming months.'

About Symmetry Surgical

Symmetry Surgical is dedicated to developing quality surgical instruments that


meet the needs of clinicians and help improve the lives of patients. Our
portfolio brings together the product lines of Specialty Surgical
Instrumentation (SSi), Olsen Medical and the recently acquired surgical
instruments division Codman&Shurtleff, Inc. Our well-known brands include
BOOKWALTER(r), GREENBERG(tm), RILEY(tm), OLSEN(tm), ULTRA(tm), QUAD-LOCK(tm), FLASHPAK(tm),
RAPIDCLEAN(r), OPTI-LENGTH(r), CLASSIC(r) and CLASSIC PLUS(r). Headquartered in
Nashville, Symmetry Surgical is a wholly owned subsidiary of Symmetry Medical
Inc (NYSE:SMA).

About Symmetry Medical Inc.

Symmetry Medical Inc. is a leading global source of innovative medical device
solutions, including surgical instruments, orthopedic implants, and
sterilization cases and trays. The Company's thousands of Teammates provide
design, development and worldwide production capabilities for these products to
customers in the orthopaedic industry, other medical device markets, and
specialized non-healthcare markets. Symmetry's trusted reputation and brands,
broad Intellectual Property portfolio and commitment to innovation enable it to
collaborate with hundreds of global medical device manufacturers as well as
thousands of hospitals to provide solutions for today's needs and tomorrow's
growth.

Forward-Looking Statements

Statements in the press release regarding Symmetry Medical Inc.'s business
which are not historical facts may be 'forward-looking statements'that involve
risks and uncertainties, within the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements are
predictive in nature and are frequently identified by the use of terms such as
'may,' 'might,' 'will,' 'should,' 'expect,' 'believe,' 'anticipate,' 'plan,'
'estimate,' 'intend,' and similar words indicating possible future
expectations, events or actions. Such predictive statements are not guarantees
of future performance, and actual outcomes and results could differ materially
from our current expectations. We refer you to the 'Risk Factors' and 'Forward
Looking-Statements' sections in the Company's most recent Annual Report on Form
10-K filed with the Securities and Exchange Commission as well as the Company's
other filings with the SEC, which are available on the SEC's Web site at
www.sec.gov.


CONTACT: Symmetry Medical Inc.
Fred L. Hite
Senior Vice President
Chief Financial Officer
(574) 371-2218

Investors / Media:
The Ruth Group
Zack Kubow / Lisa Cook
(646) 536-7020 / 7012
zkubow(at)theruthgroup.com
lcook(at)theruthgroup.com
News Source: NASDAQ OMX



06.11.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------

Language: English
Company: Symmetry Medical Inc.


United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US8715462060
WKN:

End of Announcement DGAP News-Service

---------------------------------------------------------------------------



Keywords (optional):

symmetry-surgical-partners-with-mtg-medical-technologies-to-distribute-surgical-instruments-portfolio-in-several-european-countries,



Company information / Profile:

PressRelease by

Requests:



PressContact / Agency:



published by: EquityStory
print pressrelease  send to a friend  

Date: 11/06/2012 - 03:30
Language: English
News-ID 1167427
Character count: 0
Kontakt-Informationen:
Firma: Symmetry Medical Inc.
Ansprechpartner: Feedback to businesspress24.com about Pressrelease-id:
Stadt:
Telefon:

Comments:



Number of hits: 136

Linking-Tips:



Direct Link to this PressRelease:






We would appreciate a link in your News-, Press- or Partner-Site.

Comments on this PressRelease






All members: 9 438
Register today: 0
Register yesterday: 0
Members online: 0
Guests online: 52


Don't have an account yet? You can create one. As registered user you have some advantages like theme manager, comments configuration and post comments with your name.