Computer Motion Announces Broadened Distribution Arrangement With Johnson & Johnson.SANTA BARBARA, Calif.--(BUSINESS WIRE)--Nov. 5, 1997-- Computer Motion's AESOP Aesop (ē`səp, ē`sŏp), legendary Greek fabulist. According to Herodotus, he was a slave who lived in Samos in the 6th cent. B.C. and eventually was freed by his master. Endoscopic en·do·scope n. An instrument for examining visually the interior of a bodily canal or a hollow organ such as the colon, bladder, or stomach. en Positioning System to Be Distributed by Johnson & Johnson Ethicon Endo-Surgery Division in Nordic Countries Computer Motion Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on National Market:RBOT RBOT Rotating Bomb Oxidation Test ) announced its strategic distribution arrangement with Johnson & Johnson companies, under which various Ethicon Endo-Surgery Divisions distribute Computer Motion's AESOP robotic endoscope endoscope, any instrument used to look inside the body. Usually consisting of a fiber-optic tube attached to a viewing device, endoscopes are used to explore and biopsy such areas as the colon and the bronchi of the lungs. positioning system for minimally invasive surgery minimally invasive surgery Laparoscopic surgery, see there. See Laparoscopic cholecystectomy. , has been broadened to include Sweden, Finland, Norway and Denmark. Johnson & Johnson companies currently distribute Computer Motion's AESOP product line in Australia, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. , Singapore, Indonesia, Malaysia and Brunei. The terms of the agreement were not disclosed. Robert M. Duggan, chairman of the board of Computer Motion, stated: "We are pleased to be furthering our partnership with Johnson & Johnson through its Scandinavian subsidiary, and are excited about affording surgeons in Scandinavia the most advanced technology for robotic endoscope positioning for use in minimally invasive surgery. "Johnson & Johnson Scandinavia is the leading health care supply company in Scandinavia, and we look forward to their launching the AESOP product line in that area." Founded in 1989, Computer Motion is the world leader in medical robotics. The company's mission is to enhance surgeons' capabilities, improve outcomes and reduce costs using computers and robotics. Computer Motion is traded on the NASDAQ National Market under the stock symbol RBOT. The company's Internet Web site is www.ComputerMotion.com . This news release contains forward-looking statements concerning the company's business and products. Actual results may differ materially depending on a number of risk factors, including the risk that physicians and/or payors may not accept the company's products. Other risks inherent in the company's business are described from time to time in the company's Securities and Exchange Commission fillings, including its registration statement on Form S-1 and quarterly report on Form 10-Q Form 10-Q See 10-Q. for the period ended Sept. 30, 1997. The company undertakes no obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. CONTACT: Computer Motion Inc., Santa Barbara Stephen L. Wilson, 805/968-9600, ext. 155 |
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