Surgical Innovations Group plc extends distribution agreement with SI US

Surgical Innovations Group plc extends distribution agreement with SI US

Surgical Innovations Group plc, the designer and manufacturer of innovative medical devices, announces that it has signed a 5 year extension to its agreement with SI US, the Group's exclusive US Master distributor.  In order to maintain exclusive rights, SI US has committed to distribute SI branded products to a minimum value of $8.0 million to Surgical Innovations over the 5 year period.

SI US will distribute the Logi®Range and LogiCut® product range together with the reusable line and has been granted first refusal to all future SI branded products within the agreement period. The Group retains the right to manufacture and distribute all devices under the SI brand in all other markets.

Graham Bowland, Chief Executive Officer of SI, said: "This agreement extension with SI US strengthens the Group's strategy of developing its Resposable® portfolio in the strategically important US market and gives us confidence for the future.  We look forward to developing our partnership with SI US over the next 5 years."

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