Asensus Surgical Announces Sale of Senhance Robotic System

Rhea-AI Summary

Asensus Surgical, Inc. (ASXC) announced the sale of a Senhance® Surgical System to be placed in a pediatric hospital in the Commonwealth of Independent States (CIS) region. The system's specialized technology aims to reduce invasiveness and enhance precision in pediatric patients, offering potential improvements in patient care.

Senhance® System to be placed at a pediatric hospital in the Commonwealth of Independent States

RESEARCH TRIANGLE PARK, N.C., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Asensus Surgical, Inc. (NYSE American: ASXC), a medical device company digitizing the interface between the surgeon and the patient, announced that a Senhance® Surgical System was sold to the Company’s distribution partner, and will be placed in a pediatric hospital in the Commonwealth of Independent States (CIS) region.

“We're pleased to see the increasing adoption of Senhance by pediatric-focused hospitals. Senhance’s specialized technology such as 3mm instrumentation, 5mm camera scope, and advanced clinical intelligence, offers the potential to reduce invasiveness and enhance precision, particularly in pediatric patients," noted Anthony Fernando, President and CEO of Asensus Surgical. “We look forward to extending these capabilities to more pediatric hospitals and patients globally, ultimately contributing to an improved standard of patient care.”

Caption: A Senhance Surgical System will be placed in a pediatric hospital in the Commonwealth of Independent States (CIS) region.

About Asensus Surgical, Inc.

Asensus Surgical, Inc. is digitizing the interface between the surgeon and patient to pioneer a new era of Performance-Guided Surgery™ by unlocking clinical intelligence for surgeons to enable consistently superior outcomes and a new standard of surgery. Based upon the foundations of Digital Laparoscopy and the Senhance Surgical System, the Company is developing the LUNA™ Surgical System, a next generation robotic and instrument system as a foundation of its Digital Surgery solution. These systems will be powered by the Intelligent Surgical Unit™ to increase surgeon control and reduce surgical variability. With the addition of machine vision, Augmented Intelligence, and deep learning capabilities throughout the surgical experience, we intend to holistically address the current clinical, cognitive and economic shortcomings that drive surgical outcomes and value-based healthcare. The Senhance Surgical System is now available for sale in the US, EU, Japan, Russia, and select other countries. For a complete list of indications for use, visit: www.senhance.com/indications. To learn more about Performance-Guided Surgery, and digital laparoscopy with the Senhance Surgical System visit www.asensus.com.

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Forward-Looking Statements

This press release includes statements relating to the Senhance Surgical System and the sales of a Senhance System to be placed in a hospital in the Commonwealth of Independent States. These statements and other statements regarding our future plans and goals constitute "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that are often difficult to predict, are beyond our control and which may cause results to differ materially from expectations and include whether we will be able to extend the Senhance System’s specialized technology to more pediatric hospitals and patients globally, ultimately contributing to an improved standard of patient care. For a discussion of the risks and uncertainties associated with the Company’s business, please review our filings with the Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K for the year ended December 31, 2022, filed with the SEC on March 2, 2023 and our other filings we make with the SEC. You are cautioned not to place undue reliance on these forward looking statements, which are based on our expectations as of the date of this press release and speak only as of the origination date of this press release. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

INVESTOR CONTACT:

Mark Klausner or Mike Vallie, 443-213-0499

invest@asensus.com

MEDIA CONTACT:

Dan Ventresca

Matter Communications

AsensusPR@matternow.com

617-874-5488

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e76f446f-e028-499f-ba7a-3ae25c9369c9

FAQ

What is the significance of the Senhance® Surgical System being placed in a pediatric hospital in the Commonwealth of Independent States (CIS) region?

The system's specialized technology, such as 3mm instrumentation and 5mm camera scope, aims to reduce invasiveness and enhance precision in pediatric patients, potentially improving patient care.

What are the potential benefits of the Senhance® Surgical System for pediatric hospitals and patients?

The system offers advanced clinical intelligence and specialized technology, which could contribute to an improved standard of patient care by reducing invasiveness and enhancing precision in pediatric patients.

How does the Senhance® Surgical System aim to improve patient care in pediatric hospitals?

The system's technology, including 3mm instrumentation and 5mm camera scope, aims to reduce invasiveness and enhance precision, potentially leading to improved patient care in pediatric hospitals.