Canadian knee implant firm moves to RP

Canadian knee implant firm moves to RP

TORONTO–BMT Medical Technology, Inc., a Canadian R&D company located in Toronto that designs, manufactures and tests orthopaedic implants for humans, wishes to locate its manufacturing operation to the Philippines. This announcement was recently made by the company’s President, James Bateman, to Ambassador Jose Brillantes in Ottawa, who has expressed support for the plan. “The Philippine Embassy is greatly interested in seeing this project realized in the Philippines,” Ambassador Brillantes told Bateman. “The vision of setting up a privately-owned orthopaedic rehabilitation facility dedicated to knee and other joint replacement, perhaps in cooperation with the National Orthopedic Hospital is a desirable one.” The Ambassador added, “I believe it is a project the Philippine Government will assist purposefully”. According to Bateman the manufacturing, quality control, sterile packaging, training, distribution and Surgical Trial efforts will be moved from BMT’s Toronto facilities to Manila. “BMT sees this as a major opportunity for the Philippines’ Medical Tourism Program and the orthopaedic and medical communities,” he added.

NEW IMPLANT DESIGN:

The radical and newly designed BMT Knee Replacement Implant outdates many older-designed implants and it is anticipated it will cause a dynamic and positive shift in the success rates of Total Knee Replacement (KTR) surgeries and thereby dramatically increase Patients’ Quality of Life.

Recent computerized design and manufacturing capabilities, linked with modern materials, make the BMT Implant Project a major opportunity for Filipino firms wishing to enter into the highly skilled and potentially profitable Medical Implant Manufacturing and Distribution markets.

PHILIPPINE CORPORATE INVESTMENT:

BMT is seeking to form a Joint Venture Philippine-based company with investors in both the Philippine medical and investment sectors. Filipinos in North America, Europe and Asia to may also wish to invest in the BMT-JV Company and spearhead further development of the BMT range of implants and to initiate Surgical Trials and product distribution throughout the World.

ABOUT THE COMPANY:

BMT Medical Technology Inc. is a Toronto-based private R&D company incorporated in Ontario. The BMT Knee is an extension of the design of the famous 3M-Bateman Hip, designed by the late Dr. James Bateman, a Toronto orthopaedic surgeon, known for shoulder, nerve, feet and hip work. He co-founded the Orthopaedic & Arthritic Hospital Toronto and traveled the World teaching surgeons about the merits of the Hip’s design. 3M’s efforts over the life of the Bateman Hip patent resulted in sales/installation of an estimated 700,000 hips. BMT will license certain territories such as ASEAN, China, India, North & South America and Europe over the next few years. Its business development effort is also supported by the Canada Philippines Business Council (CPBC) headquartered in Toronto.

(PRESS RELEASE)