WARSAW, Ind., Oct. 16, 2012 (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 AMT Electrosurgery Inc. (AMT) in Canada. Under terms of the agreement, AMT will be the exclusive Canadian distributor of Symmetry Surgical's comprehensive portfolio of surgical medical devices, which includes all brands and products formerly part of Codman Surgical Instruments and SSi.
AMT conducts business with more than 400 hospitals in the Canadian market, with focused efforts in the operating room, minimally invasive surgery, laparoscopic surgery, vessel sealing, hydro dissection and operating room disposables. AMT continually seeks innovations that will drive growth and make them the first choice as the Canadian supplier of surgical systems.
"We are proud to partner with AMT to launch the Symmetry Surgical portfolio into the Canadian market," said Chris Huntington, Chief Operating Officer of Symmetry Surgical. "AMT is known for their strength in the surgical marketplace and we are excited about the opportunity to grow our existing business in Canada. Introducing our recently expanded product line gives clinicians and facilities a new option of proven, industry-leading brands to meet their needs and improve the lives of their patients."
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®, GREENBERG™, RILEY™, OLSEN™, ULTRA™, QUAD-LOCK™, FLASHPAK™, RAPIDCLEAN®, OPTI-LENGTH®, CLASSIC® and CLASSIC PLUS®. 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.
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 firstname.lastname@example.org email@example.comSource:Symmetry Medical Inc.