Press Releases

FOR IMMEDIATE RELEASE

OrthoHelix Surgical Designs, Inc: Awarded Ohio Third Frontier Grant

Medina, Ohio – July 14, 2011

OrthoHelix Surgical Designs, Inc. has been awarded an Ohio Third Frontier Grant for the PocketLock™ Technology platform. The EdgeLock® Translational Osteotomy Plate for flat foot/high arch correction and the ISO™ Intraosseous Sliding Osteotomy Plate both currently contain PocketLock™ Technology. The $1 million grant will allow OrthoHelix to complete the development of a new design for a plating system for fixation of small bones containing PocketLock™ Technology.

Last year, OrthoHelix received a similar award for the development of the Tribrid™ Technology. Tribrid™ Technology is the ability for plates to accommodate fixed angle locking, non-locking, and variable angle locking screws giving surgeons all three options in one set and can decide intraoperatively which screw option is best. Unlike other variable angle locking systems on the market, the Tribrid™ design does not compromise the strength of any of the locking holes.

The Ohio Third Frontier programs accelerate the development and growth of the biomedical, medical imaging, and sensors industries and their supply chains in Ohio. The programs provide direct financial support to organizations seeking to: commercialize new products; adapt or modify existing devices, diagnostics, or components; address technical and commercialization barriers; or demonstrate market readiness. Ohio Third Frontier, an unprecedented and bipartisan commitment to create new technology-based products, companies, industries, and jobs, has attracted more than $5.9 billion in other investments to Ohio, and has a nearly 9:1 return on investment since its inception. The Ohio Third Frontier has also assisted in the creation and retention of more than 68,000 direct and indirect jobs for Ohioans. For more information, visit http://ohiothirdfrontier.com.  

Working with partners across business, state and local governments, academia, and the nonprofit sector, the Ohio Department of Development works to attract, create, grow, and retain businesses through competitive incentives and targeted investments. Engaged every day in marketing, innovating, investing, and collaborating, the Ohio Department of Development works at the speed of business to accelerate and support the teamwork that is necessary for success by providing financial, informational, and technical assistance to those making an investment in Ohio’s future.

OrthoHelix is a medical device company developing a comprehensive line of implants and instruments for use in small bone reconstructive surgery. OrthoHelix is dedicated to being the most responsive device maker in the orthopedic industry. We provide state of the art extremity fixation products that are reliable and easy to use. We enhance surgical outcomes of patients. Our vision is to be an orthopedic company that succeeds by listening to surgeons, giving them what they want and need for safer, faster, easier surgical procedures and improved patient outcomes. We take pride in upholding values of Integrity, Compliance, Dedication, Focus and Speed.  Surgeons Speak. We Deliver.® www.orthohelix.com

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