VALENCE, France--(BUSINESS WIRE)--Regulatory News:
Amplitude Surgical (Paris:AMPLI) (ISIN: FR0012789667, Ticker: AMPLI, PEA-PME eligible), a leading French player on the global surgical technology market for lower-limb orthopedics, announces the inauguration of its logistics site in Valence, a new stage to accompany its future growth.
At the inauguration, Olivier Jallabert, Chairman and CEO of Amplitude Surgical, stated: “All of Amplitude’s members of staff and I are particularly proud of this new site and would like to wholeheartedly thank our industrial partners and the local authorities that have supported us throughout this project, which was completed in just 6 months. This site symbolizes a new stage to accompany our future developments. We have thus recently opened two new subsidiaries in South Africa and Romania and filed for FDA marketing clearance for our ANATOMIC® knee prosthesis. This new logistics center will enable us to meet American regulatory requirements, and will lead to the recruitment of an additional fifteen staff in Valence in 2017. The continuation of our innovation, investment and commercial development strategy thus strengthens our belief in Amplitude Surgical’s ability to maintain its buoyant growth in activity and further increase its market share.”
In 2015/2016, Amplitude Surgical sold more than 40,000 implants, (23,500 knee / 17,000 hip), without counting ancillaries. It is within this context, and in order to anticipate its future developments, that the Group decided, at the end of 2015, to build a more modern storage and logistics site for its various products. Located in the Mozart 2 industrial park in Valence, this 3,690 m² building was completed in under 6 months by a general contractor and local companies, with the urban district authority heavily involved in facilitating its execution.
Already operational since July, the Amplitude Surgical logistics department’s 30 staff successfully carry out daily deliveries to clinics and hospitals and to our subsidiaries and distributors.
Next financial press release: 2015-16 annual results, on Thursday October 6, 2016, after market.
About Amplitude Surgical
Founded in 1997 in Valence, France, Amplitude Surgical is a leading French player on the global surgical technology market for lower-limb orthopedics. Amplitude Surgical develops and markets high-end products for orthopedic surgery covering the main disorders affecting the hip, knee and extremities, and notably foot and ankle surgery. Amplitude Surgical develops, in close collaboration with surgeons, numerous high value-added innovations in order to best meet the needs of patients, surgeons and healthcare facilities. A leading player in France, Amplitude Surgical is developing abroad through its subsidiaries and a network of exclusive distributors and agents. Amplitude Surgical operates on the lower-limb market through the intermediary of its Novastep subsidiaries in France and the United States. Amplitude Surgical distributes its products in more than 30 countries. As of June 30, 2016, Amplitude Surgical had a workforce of almost 290 staff and recorded sales of over 80 million euros.