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Synergetics Inks Pact with Stryker Covering the Omni Ultrasonic Aspirator Product Line

Posted on: Fri, 13 Nov 2009 00:21:00 EST

Symbols: SYK

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Nov 13, 2009 (Close-Up Media via COMTEX) --
SYK | Quote | Chart | News | PowerRating -- Synergetics USA, Inc. announced that it had signed a definitive agreement with Stryker Corp. in conjunction with the planned acquisition by Stryker of certain assets from Mutoh Co. and its affiliates (Japan) used to produce the Sonopet Ultrasonic Aspirator control consoles and handpieces.

In a release, the Company noted that the agreement provides for Synergetics to do the following: sell to Stryker certain assets associated with the marketing and sales of the Mutoh console and handpiece products; supply disposable ultrasonic instrument tips and certain other consumable products used in conjunction with the Sonopet/Omni ultrasonic aspirator console and handpieces; and pursue certain development projects for new products associated with Stryker's intraoperative ultrasound products. The closings of the transactions are subject to certain agreed conditions.

"The Mutoh Sonopet ultrasonic aspirator equipment has proven to be a remarkable advance in precise intraoperative fragmentation and emulsification of soft tissue and bone, which in conjunction with Synergetics' ultrasonic instrument tips, have expanded the surgeon's resources in performing neurocranial and neurospinal surgery. With Stryker marketing these products in the future, customers can look forward to the excellent customer support and service for which Stryker is well known," said David M. Hable, President and Chief Executive Officer of Synergetics.

"We look forward to this expanded relationship with Stryker. In preparation, we have been adjusting and streamlining our organization to ensure we are ready to support the transfer of certain assets to Stryker, the supply of Synergetics' products used in conjunction with the ultrasonic aspirator products, the joint development programs and the Stryker sales and marketing program," concluded Hable.

Synergetics USA, Inc. is a supplier of precision microsurgery instrumentation.

Stryker Corp. is a medical technology company with a range of products in orthopaedics and a significant presence in other medical specialties.

((Comments on this story may be sent to health@closeupmedia.com))

For full details on Stryker Corp (SYK) SYK. Stryker Corp (SYK) has Short Term PowerRatings at TradingMarkets. Details on Stryker Corp (SYK) Short Term PowerRatings is available at This Link.

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