Stille AB (publ) announces exclusive collaboration with GE Healthcare for a new general surgery table in the United States.
The new general surgery table, GS2®, has been developed to address a growing need for a premium general surgery table that satisfies the needs of multi-disciplinary surgery units such as Ambulatory Surgery Centers (ASC), while also providing a cost effective high-value solution. These healthcare facilities perform procedures across a wide spectrum of surgical disciplines alongside the OEC C-arms such as orthopedics, general surgery, cardiovascular, and urology, as well as non-fluoroscopic specialties like plastic surgery, and thus require a highly versatile surgical table. "The launch of GS2® aligns well with our commitment to growth in the US-market, which is a key market for Stille. Launching this product together with GE Healthcare perfectly demonstrates our strategy to leverage our strong sales network to grow together with our distributors", says Hanna Ernestam Wilkman. The global ASC market value was estimated at USD 84.4 billion in 2020 with an expected 6% compounded annual growth rate (CAGR) over the next 5 years where North America accounts for just short of half of that market value. In the US, the prevalence of procedures being performed in ASC-facilities has grown substantially over past decades with 4,000 facilities performing 8 million procedures in 2004, to almost 6,000 facilities performing an estimated 30 million procedures in 2020. "This product expands our potential end-customer base and allows surgeons not previously familiar with Stille's surgical tables to gain access to a premium table tailored to their needs. This is a premium product launched to a large market segment with a substantial growth trend. We are very optimistic about the value this table brings to our collective customer base, and the revenue potential of this new surgical table segment.", says Brian Anderson, General Manager of Stille Surgical, Inc. "We are excited to add the GS2 surgical table to our portfolio providing customers with a new choice for an affordable premium option along with our OEC C-arms" says Daniel Walters, OEC Product Manager, GE Healthcare.  GE Healthcare is the exclusive distributor of the new GS2® surgical table that will start to be marketed in the fourth quarter of 2021. Torshälla, October 6th, 2021.
 

For more information, please contact:

Hanna Ernestam Wilkman
CEO
+46 (0)72 402 10 88 | hanna.e.wilkman@stille.se

STILLE AB (publ) develops, manufactures and markets medical devices for surgeons across the world. Stille was founded in 1841 and is one of the world's oldest medical device companies. Stille's main business areas are surgical instruments and c-arm tables. Stille's surgical instruments are mostly used during different kinds of open surgery. During minimal invasive procedures, the c-arm tables imagiQ2 and Medstone are key products. The company has a strong brand and products of a renowned high-quality.

The share is listed on First North Growth Market under the acronym "STIL" with Eminova AB as Certified Adviser. Eminova Fondkommission AB, + 46 8 684 211 10, adviser@eminova.se. For more information about Stille visit www.stille.se

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