STOCKHOLM, Sweden, April 30, 2003 (PRIMEZONE) -- Artimplant(Other OTC:APLTF) and Atlantech Ltd. -- a subsidiary of ArthroCare Corporation, Sunnyvale, CA -has signed an initial distribution agreement in which Atlantech will conduct test sales during six month of Artelon(TM) Augmentation Device ACL.
The restructuring program has turned out according to plan, and significantly reduced losses. The parent company's operating result, excluding share of subsidiary's earnings, totaled SEK -6.7 million (SEK -13.8 million).
Gothenburg Medical Center is developing according to plan, and generated an operating profit of SEK 0.7 million.
After the end of the period the Company completed the second of two share issues, which altogether brought a total of SEK 44 million.
Forthcoming financial reports: January-June 2003 report: August 29, 2003 January-September 2003 report: November 7, 2003
Financial reports are available at www.artimplant.se, at the same time that they're distributed to the media.
For information about Business Model, Technology and Products, please see Artimplants annual report 2002, which is available in .PDF-format at the Company's website.
ARTIMPLANT
Artimplant is a biomaterial company that focuses on orthopedic surgery solutions. The company runs R&D operations for biodegradable implants and develops manufacturing processes for the implants. Its goal is to enable active lives. Artimplant's biomaterial is based on a new technology that's opening new markets within orthopedic surgery and closely related areas that have extensive med-tech needs.
Artimplant developed and patented several different degradable ligament implants that are now in clinical trials. The company's business concept is to license products and technologies to global partners.
The Artimplant share is listed on the Stockholm stock exchange's O list.
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The following files are available for download:
http://www.waymaker.net/bitonline/2003/04/30/20030430BIT00050/wkr0001.doc
The full report
http://www.waymaker.net/bitonline/2003/04/30/20030430BIT00050/wkr0002.pdf
The full report