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This new company will help fast track the creation of cutting-edge technology solutions to improve patient care, said John Pigott, MD, FACS, chief innovation officer/strategic business development, ProMedica Innovations. Our inventors will work closely with Kapios Health developers to bring their ideas to fruition. Kapios Health will utilize the flexible Kaonsoft Enterprise Mobility Platform to build and deploy healthcare applications with minimal configuration and without the additional effort or expense of custom development. Programmers will evaluate the purpose of the software, discuss pain points in healthcare practice and build an efficient workflow to enhance patient care. The completed apps will be beta tested in ProMedica facilities before being available for purchase. Additionally, ProMedica Innovations alliance partners will have the first opportunity to purchase software solutions. Im thrilled to see the combination of technology and healthcare working in tandem to enable advancements in the healthcare and hospital management fields, said Daniel J. Lee, Kaonsoft chief technology officer, co-founder and Americas CEO. Kapios Health will focus on sustained innovation for the future benefit of individuals and healthcare organizations alike. ProMedica Innovations was established in 2012 to help identify and commercialize medical devices and inventions to enhance patient care. Kapios Health will participate in the ProMedica Innovations Medical Technology Business Incubator located within a 6,000-square-foot facility on the ProMedica Wildwood Medical Center campus and will result in the creation of four jobs.
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For further information, please visit www.xtantmedical.com. Important Cautions Regarding Forward-looking Statements This press release contains certain disclosures that may be deemed forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to significant risks and uncertainties. Forward-looking statements include statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “continue,” “efforts,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” “projects,” “forecasts,” “strategy,” “will,” “goal,” “target,” “prospects,” “potential,” “optimistic,” “confident,” “likely,” “probable” or similar expressions or the negative thereof. Read More Statements of historical fact also may be deemed to be forward-looking statements. We caution that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others: our ability to integrate the acquisition of X-spine Systems, Inc. and any other business combinations or acquisitions successfully; our ability to remain listed on the NYSE MKT; our ability to obtain financing on reasonable terms; our ability to increase revenue; our ability to comply with the covenants in our credit facility; our ability to maintain sufficient liquidity to fund our operations; the ability of our sales force to achieve expected results; our ability to remain competitive; government regulations; our ability to innovate and develop new products; our ability to obtain donor cadavers for our products; our ability to engage and retain qualified technical personnel and members of our management team; the availability of our facilities; government and third-party coverage and reimbursement for our products; our ability to obtain regulatory approvals; our ability to successfully integrate recent and future business combinations or acquisitions; our ability to use our net operating loss carry-forwards to offset future taxable income; our ability to deduct all or a portion of the interest payments on the notes for U.S. federal income tax purposes; our ability to service our debt; product liability claims and other litigation to which we may be subjected; product recalls and defects; timing and results of clinical studies; our ability to obtain and protect our intellectual property and proprietary rights; infringement and ownership of intellectual property; our ability to remain accredited with the American Association of Tissue Banks; influence by our management; our ability to pay dividends; our ability to issue preferred stock; and other factors. Additional risk factors are listed in the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q under the heading “Risk Factors.” You should carefully consider the trends, risks and uncertainties described in this document, the Form 10-K and other reports filed with or furnished to the SEC before making any investment decision with respect to our securities. If any of these trends, risks or uncertainties actually occurs or continues, our business, financial condition or operating results could be materially adversely affected, the trading prices of our securities could decline, and you could lose all or part of your investment.
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