"We are proud to partner with Titan Medical Inc. This agreement marks an innovative and significant step for CAE Healthcare as we will be applying our simulation and modelling expertise to help analyze, research, and develop the world's next generation robotic surgery platform", stated CAE Healthcare President, Guillaume Herve. "CAE's modelling and simulation tools are already used by aircraft manufacturers to research, test and validate the design of new aircraft. We are now bringing those best practices to health care."
As part of the agreement, CAE Healthcare will deliver an engineering development management environment platform. The agreement includes options, which if exercised would make CAE Healthcare the exclusive training provider for the Amadeus Robotic Surgical Platform.
"This agreement represents a major advancement toward realizing our objective of commercializing Amadeus that will overcome the current limitations of robotic surgery", stated Reiza Rayman MD, PhD, President of Titan Medical Inc. "As a multi-engine instrument rated pilot, I understand the importance of simulation and training for aviation safety. A world-class development partner such as CAE Healthcare serves to validate our critically enabling technologies, reduce development risk and cost as well as accelerate the development of Amadeus, while also leveraging CAE's unmatched expertise in simulation and training to heighten surgical safety."
Under the terms of the agreement, both parties will focus their initial efforts in setting out requirements of the surgeon console to meet FDA standards. In addition, CAE Healthcare will install at the Titan Medical Inc.'s development location in Ancaster, Ontario an engineering development management environment platform.
CAE Healthcare is a wholly-owned subsidiary of CAE. CAE Healthcare is applying CAE's training, simulation and modelling know-how from aviation to bring best practices to the health care industry. It is developing cutting-edge learning tools and innovative simulation solutions for health care education with the objective of offering health care professionals the opportunity to learn using multiple simulation platforms before testing their skills on patients. The ultimate goal is to improve clinical competence and expertise and enhance the quality and safety of patient care and the efficiency of health care systems.
CAE is a world expert in providing simulation and modelling technologies and integrated training solutions for the civil aviation industry and defence forces around the globe. With annual revenues exceeding C$1,6 billion, CAE employs more than 6500 people at more than 90 sites and training locations in 20 countries. CAE has the largest installed base of civil and military full-flight simulators and training devices. Through its global network of 29 civil aviation and military training centres, it trains more than 75.000 crew members yearly. CAE also offers modelling and simulation software to various market segments and, through its CAE professional services division, it assists customers with a wide range of simulation-based needs.
Titan Medical Inc. is a Canadian public company focused on the development and commercialization of robotic surgical technologies. The company is currently developing Amadeus, a next generation 4-armed robotic surgical system, with the objective of enabling surgeons to remotely manipulate surgical instruments. Robotic surgery has developed over the past 10 years into a proven and growing method of treatment. The global robotic surgical market size is currently estimated to be $3,4 billion with potential for placement of 6000 robotic surgical systems. The company is researching and developing innovative technologies to empower surgeons to use robots in the operating room of the future. More company news is available in the VMW April 2009 article Titan Medical Inc. and Bell Canada complete telesurgery tests over unprecedented distance.