Orthopedic implantable device manufactured by Maetta Sciences MIM technology receives FDA clearance

VARENNES, QC, Oct. 2, 2013 /CNW Telbec/ - Maetta Sciences is pleased to announce that FDA clearance has been obtained for a cobalt chrome orthopedic implantable device manufactured with its proprietary metal injection molding ("MIM") technology. This project was developed in close collaboration with one of the company's large OEM customer. The company plans to rapidly start the production of this device for market introduction this fall.

Maetta moved in March 2013 to a brand new 15,000 square feet manufacturing facility located in Varennes on the south shore of Montreal, Quebec, Canada, where it already manufactures medical instruments and aerospace components. This investment was required to continue its expansion in both medical device and aerospace markets by adding additional space and equipment as well as implementing special process flow to comply to the specifics of implantable devices.

Mr. Serge Bragdon, Chairman of the Board:
"This announcement confirms the quality of the team and the thoroughness of the development process the company has put in place. Not only does our technology generate significant cost savings to our clients, it also yields superior material properties and process robustness".  

Mr. Yvan Beaudoin, President and CEO:
«It is a great achievement by our team as we believe this is the first time FDA clearance is obtained for an implantable device made by MIM. It is also very encouraging as Maetta is currently involved in the development of several implantable devices with various clients."

The company holds ISO 13485; 2003, AS9100: 2009 and ISO 9001: 2008 certification. It is specialized in high end materials such as cobalt chrome, titanium alloys, and nickel super alloys.

ABOUT MAETTA SCIENCES
Maetta collaborates in the design and manufactures to final shape complex parts that provide improved functionality and significant cost reduction to its customers via its proprietary metal injection molding process. Maetta's unique metal injection molding technology combined with its sophisticated quality system offers a distinctive proposition to industries such as medical and aerospace, challenged by small production volumes of complex shape parts and stringent quality and regulatory requirements.

SOURCE: Maetta Sciences Inc

Charles Dupuy, CFA
Tel.: [phone] ext. 106, Email: [email protected]