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AorTech AGM Statement

16 Sep 2009 07:00

RNS Number : 1237Z
Aortech International PLC
16 September 2009
Ā 



For Immediate Release

September 16,Ā 2009

AorTechĀ AGM Statement

At the Annual General Meeting ofĀ AorTech International plcĀ to be heldĀ 16Ā September 2009,

ChairmanĀ Jon PitherĀ will make the following statement:

"PolymerĀ and manufactured componentĀ volume and revenueĀ continue to grow as a consequence of the maturation of existing licenses and the addition of new ones. Now entering itsĀ fourthĀ year ofĀ long term implant use,Ā the performance of Elast-Eon™ polymersĀ continues to be defect-free.Ā These implants now number in the millions and are comprised of a growing spectrum of applications.

"We are particularly excited about the progress of our component business.Ā From ourĀ 25,000 square footĀ ISO certifiedĀ manufacturing facility we are now routinely shippingĀ various components for spinal disc and circulatory support devices. Our entry into the $100m header market will be punctuated by first human use in 2010 andĀ we are in the late stages of qualifying our polymer heart valve technology for useĀ in circulatory support devices.

"There have been no significant changes in the financial position of the Company since 31 March

2009."

TheĀ twelfth Annual General Meeting of AorTech International plc will be heldĀ in theĀ Mansfield Room of the Marriott Hotel Chancery Court, 252 High Holborn, London WC1V 7EN onĀ 16 September 2009 at 12:00 noon.

- Ends -

For further information please contact:

AorTech International plc

Frank Maguire, Chief Executive

Tel: + 1 801 201 4336

Evolution SecuritiesBobbie Hilliam / Chris Clarke

Tel: +44 20 7071 4300

AorTech International plc

Sarah Price, Investor Relations

Tel: + 1 801 550 4349

e-mail sprice@aortech.com

Notes to Editors:

About AorTech International plc

AorTech is the developer and manufacturer of Elast-Eon the world's leading biostable implantable silicone-urethane copolymer. The company is publicly listed in the UK on the Alternative Investment Market exchange (AIM:AOR) with dedicated sales and market development specialists in the US, and its 25,000 square foot ISO-Certified Technology and Biomaterials Manufacturing Center located in Melbourne, Australia.

For additional information go to:Ā www.aortech.com

This information is provided by RNS
The company news service from the London Stock Exchange
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END
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