LANGHORNE, Pa., July 31, 2008 (PRIME NEWSWIRE) -- Power Medical Interventions(r), Inc. (Nasdaq:PMII), a leader in developing and commercializing Intelligent Surgical Instruments(tm), announced today that it has successfully demonstrated the newest addition to their linear cutter line, the i60XXL, for NOTES and Bariatric Surgical applications. In a controlled lab setting, Dr. Michel Gagner, Chairman, Department of Surgery, Mount Sinai Medical Center, Miami Beach, FL, was able to successfully conduct a NOTES sleeve gastroplasty with the new i60XXL Intelligent Surgical Instrument(tm).
Michael Whitman, President and Chief Executive Officer commented, "This is a very exciting time for PMI. With the development and successful application of the i60XXL in the lab today, we have added a significantly innovative product to the surgical mix. For instance, the i60XXL with its extra shaft length will be able to approach many NOTES procedures that have stalled due to instrumentation not being available for the surgeons. Also, with the launch of the Intelligent Reload Mid Cut, (iR60MB/G) new Bariatric procedures will able to be done as well. As always, PMI is committed to continuing to develop our line extensions of our Intelligent Surgical Instruments(tm) for use in both open and laparoscopic surgery. We continue to be committed to and are very excited about the prospects of our proprietary technology."
PMI's Intelligent Surgical Instruments(tm) are computer-assisted, power-actuated endomechanical instruments that surgeons use for cutting, stapling and tissue manipulation in a variety of procedures in open surgery and minimally invasive surgery. Compared to conventional endomechanical devices, PMI believes that its Intelligent Surgical Instruments(tm) offer greater precision and consistency, superior compressive force, improved access to anatomical sites and enhanced ease of use. PMI's Intelligent Surgical Instruments(tm) have been used in thousands of surgical procedures.
About Power Medical Interventions, Inc.:
Power Medical Interventions(r), Inc. is the world's only provider of computer-assisted, power-actuated surgical stapling products. PMI's Intelligent Surgical Instruments(tm) enable less invasive surgical techniques to benefit surgeons, patients, hospitals and healthcare networks. PMI manufactures durable recyclable technology to reduce medical waste and help keep the planet clean. The company was founded in 1999, and is headquartered in Langhorne, PA with additional offices in Germany, France, and Japan. To learn more about Power Medical Interventions, Inc. and its products, please visit www.pmi2.com.
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Statements included in this press release, which are not historical in nature, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements relating to the future financial performance of the Company are subject to many factors including, but not limited to, the customer acceptance of the products in the market, the introduction of competitive products and product development, commercialization and technological difficulties, and other risks detailed in the Company's Securities and Exchange Commission filings, including the Company's Annual Report on Form 10-K for the year ended December 31, 2007 and its Quarterly Report on Form 10-Q for the three months ended March 31, 2008. Such statements are based upon the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. When used in this press release the terms "anticipate," "believe," "estimate," "expect," "may," "objective," "plan," "possible," "potential," "project," "will" and similar expressions identify forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof, and we do not undertake any obligation to update any forward-looking statements, whether as a result of future events, new information or otherwise.