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Medigus Establishes New Division to Support Expansion of its Camera Business

The Smallest Video Camera in the World Opens Possibilities Across Multiple Industries

OMER, Israel, Aug. 11, 2014 (GLOBE NEWSWIRE) -- Medigus Ltd. (TASE: MDGS), a medical device company developing minimally invasive endosurgical tools and a leader in direct visualization technology, today announced the establishment of its camera division to support strategic expansion and growth of its revolutionary micro camera business. Following Medigus' innovative trans-oral surgical system for the incisionless treatment of GERD, this expansion will fully utilize the company's technological capabilities with a dedicated team to drive it forward. The Medigus camera division's lead product is micro ScoutCam(TM) 1.2, a revolutionary and proprietary 1.2mm diameter waterproof CMOS video camera that can be used in extreme environments and is the smallest such camera in the world. micro ScoutCam(TM) 1.2 can reach places where existing cameras cannot. With capabilities ranging from going into a vessel or a coronary stent to a refueling mission in space, it opens up new possibilities across medical and industrial applications for Medigus and its partners looking to incorporate the latest advancement in visual technology.

micro ScoutCam(TM) 1.2 delivers remarkable image quality and boasts state of the art optics featuring an exclusive 5-lens objective and a proprietary CMOS sensor that are designed specifically for miniature dimensions. It was developed in accordance with the IEC 60601 medical standards (a series of technical standards for the safety and effectiveness of medical electrical equipment) and combines superb sensitivity and versatility to provide an up close view from a distance of up to 50mm (2 inches) away from the video camera head.

"Our micro camera business is very promising, with micro ScoutCam(TM) 1.2 expected to be the primary driver for this division. Companies are now able to incorporate our micro camera technology, therefore providing them with a plethora of new potential applications that have even yet to be developed," said Chris Rowland, CEO, Medigus Ltd.

The Medigus camera division will be led by Yaron Silberman, PhD, VP Sales & Marketing, who has an extensive and well-rounded background in the high-tech medical device industry. In this role, he will lead the strategy and business development of the Medigus micro camera business.

Silberman is supported by Lior Lurie and Gal Golov, Business Development Managers, and Nitzan Kadmon, Marcom Manager. Lurie oversees its large medical device application business, while Golov is responsible for customer acquisitions and account management for industrial applications. Both managers cover the global market with focus on Europe, North America and Asia. Kadmon will handle marketing communications for the entire division. The camera business division benefits from Medigus' well established resources including research and development, manufacturing, customer services and logistics.

Setting itself apart from other camera manufacturers, Medigus' camera division is committed to acting as a partner with its customers by fully utilizing its capability to offer custom-tailored optics based on specific customer-defined parameters. This enables customers to focus on integrating the micro ScoutCam(TM) technology into their applications, while Medigus' talented team of engineers use their expertise in miniature dimensions to help customers reach and see the area of interest.

"Medigus micro cameras offer unique and sophisticated technology with endless possibilities," said Silberman. "With our expertise in miniature dimensions, we offer a range of customizable complementing solutions to the camera such as illumination, ultrasound range-finder and surgical manipulators to meet the application needs of our customer, while delivering superior image quality."

The micro ScoutCam(TM) technology is already adding substantial value to the medical and industrial fields, proven by the existing partnerships Medigus has across areas such as Gastroenterology, Bronchoscopy, Cardiovascular, ENT, Urology, Gynecology, General Surgery, Orthopedics, Dental and NOTES (Natural Orifice Trans-luminal Endoscopic Surgery), remote non-destructive testing (NDT), micro drilling inspection, cavities inspection, tube inspection and robotics.

About Medigus
Medigus is a medical device company specializing in developing minimally invasive endosurgical tools and highly innovative imaging solutions. Medigus is a pioneer developer of a unique proprietary endoscopic device, the MUSE(TM) system, to treat gastroesophageal reflux disease (GERD), one of the most common chronic diseases in the western world. As an expert in micro-endoscopic devices, Medigus has developed a range of micro CMOS (complementary metal-oxide semiconductor) and CCD (charge-coupled device) video cameras, including micro ScoutCam(TM) 1.2, which to the best of the company's knowledge, is the smallest in the world. These innovative cameras are suitable for both medical and industrial applications. The MUSE(TM) system incorporates Medigus' revolutionary micro ScoutCam(TM) technology. Based on its proprietary technologies, Medigus designs and manufactures endoscopy and micro camera systems for partner companies, including major players in the medical and industrial fields. The company is committed to providing integrated solutions to meet all of its customer's imaging needs. Medigus is traded on the TASE (Tel Aviv Stock Exchange). To learn more about the company's advanced technology, please visit http://www.medigus.com/ or www.microscoutcam.com.

About micro ScoutCam(TM) 1.2
Medigus has developed a revolutionary 1.2mm-diameter CMOS (complementary metal-oxide semiconductor) camera - which to the best of the company's knowledge, is the smallest video camera in the world. This innovative camera is suitable for both medical and industrial applications. Centered around an advanced technology platform, micro ScoutCam(TM) 1.2 and Medigus' related endoscopic technologies have already been implemented in the following medical fields: Gastroenterology, Bronchoscopy, Cardiovascular, ENT, Urology, Gynecology, General Surgery, Orthopedics, Dental and NOTES (Natural Orifice Trans-luminal Endoscopic Surgery). The cameras are also in use at leading industrial companies in a variety of applications such as remote non-destructive testing (NDT), micro drilling inspection, cavities inspection, tube inspection and robotics.

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MEDIA CONTACT:
Chantal Beaudry/Carrie Yamond
Lazar Partners Ltd.
212-867-1762
cbeaudry@lazarpartners.com
cyamond@lazarpartners.com

INVESTOR RELATIONS:
Miri Segal-Scharia
Hayden/ MS-IR LLC
917-607-8654
msegal@ms-ir.com

HUG#1847960

Source:Medigus Ltd.