Confident performance for Surgical Innovations

SPECIALIST medical instrument designer and manufacturer Surgical Innovations said today that trading for the first five months of the year has been in line with expectations, boosted by the completion of its largest industrial order to date.

The Leeds-based firm said the £616,000 order was the largest single contract the group had received within its industrial division, highlighting its adaptability to industries outside surgery.

In its trading update, the company said it has also delivered a prototype of a second commercial product for a major industrial customer.

Chairman Doug Liversidge said: “Within our Original Equipment Manufacture (OEM) business, SI continues to work closely with all major partners, and should be in a position to announce details of a successful project shortly.

“The group is currently in discussions with a new OEM partner and we remain confident that this will provide a route for SI into new areas of laparoscopic surgery.

“Our channels to market for our own-brand, minimally invasive surgery (MIS) products remain strong. SI has appointed a new distributor in Ireland and signed a three year £1m contract extension with our Italian distributor. We anticipate further contract extensions to be signed with other distribution partners during the remainder of the year.”

He added: “We are extremely confident for the year ahead and look forward to providing a further update at the interim results in September.”