Full Press Release Details
SS Innovations' SSi Mantra Surgical Robotic
System Approved for Use in Indonesia
Fort Lauderdale, FL., June 11, 2024 -
Globe Newswire - SS Innovations International, Inc. (the "Company" or "SS
Innovations") (OTC: SSII), a developer of innovative surgical robotic technologies dedicated to making world-class robotic surgery
affordable and accessible to a global population, today announced that its SSi Mantra Surgical Robotic System has received regulatory
approval from the Indonesian Ministry of Health for clinical use in the Republic of Indonesia.
With more than 279 million people, Indonesia is
the world's fourth-most-populous country. However, robotic surgery has been slow to reach the island nation. Indonesia's Bunda
Hospital in Jakarta acquired its first robotic surgical system in 2012 and has only completed about 700 surgeries in the past 12 years.
"With the entry of the SSi Mantra to the
Indonesian market, we believe that we can be instrumental in increasing access to and decreasing costs of robotic surgery options,"
said Dr. Sudhir Srivastava, SS Innovation's Chairman and CEO. "We look forward to broadening surgical horizons for Indonesians
and continuing to expand our innovative surgical services and options across the globe."
"I have been in the healthcare business
for the past 30 years, and this is the first time I have seen such an impressive technology," said Mohammad Ridwan, CEO of Neuro
Medika Sejahtera, the distributor of the SSi Mantra in Indonesia. "I was very satisfied to see the quality of the SSi Mantra and
the advancement offered by the SSi Maya, the Company's mixed-reality software application. I believe that SS Innovations offers
a practical and cost-effective solution to help expand robotic surgery access in Indonesia."
Last month, SS Innovations announced that it had
completed 100 robotic cardiac surgery cases in just over a year, utilizing the SSi Mantra Surgical Robotic System. It
is the first surgical robotic system made in India, and one of the only systems in the world designed to be cost-effective with broad-spectrum
surgical applications. The SSi Mantra is clinically validated in more than 70 different types of surgical procedures. SS Innovations
has commenced the regulatory approval process in the United States and the European Union and anticipates receiving FDA approval to market
and CE Mark approval in 2025.
About SS Innovations International, Inc.
International, Inc. (OTC: SSII) is a developer of innovative surgical robotic technologies with a vision to make the benefits of robotic
surgery affordable and accessible to a larger part of the global population. SSII's product range includes its proprietary "SSi
Mantra" surgical robotic system, and "SSi Mudra" its wide range of surgical instruments capable of supporting a variety
of surgical procedures including robotic cardiac surgery. SSII's business operations are headquartered in India and SSII has plans
to expand the presence of its technologically advanced, user-friendly, and cost-effective surgical robotic solutions, globally. For more
information, visit SSII's website at ssinnovations.com or LinkedIn for updates.
Supporting advanced, affordable, and accessible
robotic surgery, the SSi Mantra Surgical Robotic System provides the capabilities for multi-specialty usage including cardiothoracic,
head and neck, gynecology, urology, general surgery and more. With its modular arm configuration, 3D 4K vision open-console design and
superior ergonomics, the system engages with the surgeon and surgical teams to improve safety and efficiency during procedures. SS Innovations
has partnered with Johns Hopkins University, installing the SSi Mantra at the University's Minimally Invasive Surgical Training and Innovation
Center (MISTIC) in Baltimore, MD. This installation is actively training new surgeons and promoting the global dissemination of advancements
in medical robotics. The SSi Mantra system has received Indian Medical Device regulatory approval (CDSCO) and is clinically validated
in India in more than 70 different types of surgical procedures. SS Innovations has commenced the regulatory approval process in the United
States and the European Union and anticipates receiving FDA approval to market and CE Mark approval in 2025.
Forward-Looking Statements
This press release may contain statements that
are not historical facts and are considered forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995.
The words "anticipate," "assume," "believe," "estimate," "expect," "will,"
"intend," "may," "plan," "project," "should," "could," "seek,"
"designed," "potential," "forecast," "target," "objective," "goal,"
or the negatives of such terms or other similar expressions to identify such forward-looking statements. These statements relate to future
events or SS Innovations International's future financial performance and involve known and unknown risks, uncertainties and other
factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future
results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.
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