Asensus and KARL STORZ to Market the Intelligent Surgical Unit and Co-Develop New Vision and Instrument Platforms

The Companies intend to collaborate on developing next-generation instrumentation and KARL STORZ intends to sell Asensus’ Intelligent Surgical Unit (ISU) as a standalone device

Asensus Surgical, a medical device company that is digitizing the interface between the surgeon and the patient to pioneer a new era of Performance-Guided Surgery, announced that the Company has entered into a Memorandum of Understanding (“MoU”) with KARL STORZ VentureONE Pte. Ltd. (“KARL STORZ”), a wholly owned subsidiary of KARL STORZ SE & Co. KG, a global leader in the medical technologies industry, especially in the area of endoscopes, medical instruments, and devices that offers state-of-the-art technology for minimally invasive procedures in virtually all surgical specialties. As a solution-oriented and innovative partner, the independent family-owned company is in close collaboration with surgeons and health care partners around the globe to enable them to perform at their very best every day to improve patients’ lives.

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The definitive agreements to be developed under the MoU will include the following components:

o  KARL STORZ intends to market and sell Asensus’ Intelligent Surgical Unit™ (ISU™) as a standalone device together with their IMAGE1 S™ Imaging system and OR1™ integration solution.

o  The companies intend to work together on the integration of the ISU into KARL STORZ’s laparoscopic vision systems

o  The companies intend to jointly collaborate on developing next-generation instrumentation to be used with Asensus and KARL STORZ surgical platforms

The detailed terms are currently being negotiated, and definitive agreements will be finalized within 90 days.

“We are thrilled to announce this MoU with KARL STORZ, a leader in the field of advanced surgical visualization and instrumentation,” said Anthony Fernando, Asensus Surgical President and CEO. “By leveraging their extensive commercial network, their leading visualization systems and longtime instrumentation expertise, we can bring the tremendous value of augmented intelligence offered by the ISU to operating rooms around the world. Beyond the benefits of their commercial scale, the co-development of new instruments will combine two unique R&D teams at the forefront of their fields to ultimately deliver best in class instruments to surgeons.”

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Stephan Abele, Managing Director of KARL STORZ VentureONE, highlights, “As a company, the focus of KARL STORZ has always been advancing the way minimally invasive procedures are performed. This partnership with Asensus is a natural fit as we share a vision for what digital surgery, and especially laparoscopy, could be in the future. We are very excited to bring the novel capabilities of the ISU to our customers, and look forward to working in tandem to bring innovative, patient-centric solutions to the market.”

The medical technology company KARL STORZ SE & Co. KG was founded in 1945 in Tuttlingen, Germany, and is an international leader in the world of endoscopy. Now in its third generation, the family-owned company employs 8,300 people in 40 countries worldwide. The company portfolio includes more than 15,000 products for human and veterinary medicine. KARL STORZ SE & Co. KG stands for visionary design, precision craftsmanship and clinical effectiveness. Sales for the fiscal year 2021 amounted to 1.97 billion euros. Production sites are located in Germany, the USA, Switzerland and Estonia.

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