Blue Belt Technologies reported a strong commercial performance in 2014, which was the first year of commercialization.
"For our company, 2014 was about execution and growth in our first full-year of commercialization," said President and CEO Eric Timko. "We accomplished our goals, achieving significant milestones throughout the year, and will be riding tremendous momentum moving into 2015."
Here are five things to know about the company:
1. Blue Belt sold 33 Navio Surgical Systems worldwide.
2. There were more than 900 partial knee replacements performed with five implant partners using Blue Belt's proprietary STRIDE Unicondylar Knee System.
3. The company's customers include:
• Teaching institutions
• Community hospitals
• Ambulatory surgery centers
4. Last year the, company received FDA clearance to market and sell a new application for patellofemoral joint replacement surgery with the robotic system.
5. The Navio system includes proprietary CT-free navigation software and a handheld, computer-controlled, bone-shaping tool.
"We will continue to focus on our commercial expansion both in the U.S. and OUS as well as further expanding our application pipeline in both joint reconstruction and sports medicine," said Mr. Timko.