Please note that you are now entering a website directly or indirectly maintained by a third party (the "External Site") and that you do so at your own risk.

Please note that you are now entering a website directly or indirectly maintained by a third party (the "External Site") and that you do so at your own risk.

By clicking “Accept” you acknowledge and agree that neither ITGR nor third party provider Virtua Research, Inc. (“Virtua) is responsible, or accepts or assumes any responsibility or liability whatsoever for, the content, the data or the technical operation of the Linked Site. Further, by entering the External Site, you also acknowledge and agree that you completely and irrevocably waive any and all rights and claims against ITGR and Virtua and further acknowledge and agree that in no event shall ITGR or Virtua, its officers, employees, directors and agents be liable for any (i) indirect, consequential, incidental, special, compensatory or punitive damages, (ii) damages for loss of income, loss of business profits, business interruption, loss of data or business information, loss of or damage to property, (iii) claims of third parties, or (iv) other pecuniary loss, arising out of or related to this disclaimer or the External Site

By entering the External Site, you further acknowledge and agree that the disclaimer of warranties and limitations of liability set out in this disclaimer shall apply regardless of the causes, circumstances or form of action giving rise to the loss, damage, claim or liability, even if such loss, damage, claim or liability is based upon breach of contract (including, without limitation, a claim of fundamental breach or breach of a fundamental term), tort (including, without limitation, negligence), strict liability or any other legal or equitable theory, and even if ITGR and Virtua are advised of the possibility of the loss, damage, claim or liability. The waiver and release specifically includes, without limitation, any and all rights and claims pertaining to the processing of personal data, including but not limited to any rights under any applicable data protection statute(s).

If in any jurisdiction, any part of this disclaimer is held to be unenforceable by a court of competent jurisdiction, such part of this disclaimer shall be restricted or eliminated to the minimum extent and the remaining disclaimer shall otherwise remain in full force and effect.

Please note the information presented is deemed representative at the time of its original release. Changes in historical information may occur due to adjustments in accounting and reporting standards & procedures.

Non-GAAP Information

In addition to disclosing results determined in accordance with GAAP, ITGR may also disclose certain non-GAAP and pro forma non-GAAP results of operations, including certain ratios, operational and miscellaneous data, as well as net income, diluted earnings per share, operating expenses, and operating income that make certain adjustments or exclude certain charges and gains that are outlined in the schedules included in this website. Management believes that this non-GAAP and pro forma non-GAAP information provides investors with additional information to assess ITGR operating performance by making certain adjustments or excluding costs or gains and assists investors in comparing our operating performance to prior periods. Management uses this non-GAAP and pro forma non-GAAP information, along with GAAP information, in evaluating its historical operating performance. ITGR and Virtua also take no responsibility for third party pricing data provided for informational purposes and certain ratio results formulated from the provided third party pricing data.

The non-GAAP information is not prepared in accordance with GAAP and may not be comparable to non-GAAP information used by other companies. The non-GAAP information should not be viewed as a substitute for, or superior to, other data prepared in accordance with GAAP.

Greatbatch Extends Its Relationship with WiTricity to Include Wireless Energy Transfer for Implantable and Interventional Medical Devices

May 04 2016

Collaboration aimed at developing a new wave of implantable devices with increased flexibility, better performance and higher levels of power transfer

WATERTOWN, Mass. & FRISCO, Tex.--()--WiTricity, the industry pioneer in wireless power transfer over distance, today announced that Greatbatch, a global developer and manufacturer of medical devices and components, has extended its relationship with WiTricity to leverage its wireless energy transfer technology in the development of implantable medical device applications. Under the terms of this expanded licensing and collaboration agreement, Greatbatch licenses WiTricity's intellectual property (IP) for the purpose of commercializing efficient, high-performance wireless charging and power system solutions across a wide range of medical devices, including active implantable and interventional applications.

Unlike the consumer electronics and automotive industries, where wireless energy is reaching an inflection point, the healthcare industry continues to struggle with cords and power transfer limitations. With more than 51 million surgeries taking place annually in the US1, operating rooms are frequently challenged by the tangle of power cords that can hamper procedural efficiency. Considering that more than 150 million people worldwide are candidates for power-centric neurostimulation implants2, significant opportunity exists to untether the healthcare space for physicians and their patients, enabling therapy delivery with fewer limitations.

WiTricity and Greatbatch announced Greatbatch's plans to design and develop advanced wireless power transfer solutions for surgical and portable medical equipment in August 2015.

This new agreement expands collaboration between Greatbatch and WiTricity to cover a broad range of medical devices and systems. Greatbatch intends to work closely with customers to define opportunities to leverage WiTricity technology into medical devices and clinical applications where wireless power transfer solutions can address unmet clinical needs, enabling critical innovation in the current and next generations of implantable, interventional and portable medical devices.

"Medical devices and systems are primed for a revolution, and wireless power transfer will allow designers to develop smaller, safer, easier to use and more reliable solutions for physicians and patients," said Declan Smyth, president of Advanced Surgical, Orthopedics and Power Solutions at Greatbatch. "Our continued efforts with WiTricity will expand our innovation in wireless power transfer for the medical device industry and we're looking forward to leading the way in this important market segment."

WiTricity's patented technology offers unique benefits for the medical device industry. Flexible positioning and increased distance for high efficiency charging – as well as the ability to charge through non-metallic materials such as plastic and glass – allow designers to remove contacts and create sealed systems. Harnessing wireless power transfer has the potential to ease sterilization, reduce procedure time and maintenance and increase reliability for these critical tools. With the ease and increased charging opportunities provided by wireless charging, battery size may be reduced, decreasing weight and offering a more ergonomic experience for users. In addition, WiTricity's technology has the potential to significantly improve the usability and efficiency of implantable devices charged or powered through the skin.

"Implantable medical applications are a natural fit for WiTricity technology, allowing new designs that increase patient comfort, reduce battery sizes and deliver a better overall patient experience," said WiTricity CEO Alex Gruzen. "Working with Greatbatch, a decided leader in medical device design and manufacturing, enables WiTricity to address the medical market as quickly and efficiently as possible."

Greatbatch will be exhibiting at the Heart Rhythm Society's 37th Annual Scientific Sessions, May 4 – 7, 2016, at the Moscone Center in San Francisco, CA. Visit booth 1214 to learn more.

About WiTricity
WiTricity Corporation provides technology to enable wireless power transfer over distance using magnetic resonance. Through deep domain expertise, semiconductor offerings, a strong IP portfolio and an extensive reference design library, WiTricity works with innovative companies to incorporate WiTricity technology in their products and solutions. With a growing list of global customers in the consumer electronics, automotive, medical devices and defense industries, the company has emerged as the leader in wireless power transfer over distance. For more information, visit www.witricity.com, or follow WiTricity on Facebook, Twitter and LinkedIn.

About Greatbatch, Inc.
Greatbatch, Inc. (NYSE:GB) is one of the largest medical device outsource (MDO) manufacturers in the world serving the cardiac, neuromodulation, orthopedics, vascular, advanced surgical and portable medical markets. The company provides innovative, high quality medical technologies that enhance the lives of patients worldwide. In addition, it develops batteries for high-end niche applications in energy, military, and environmental markets. The company's brands include Greatbatch Medical, Lake Region Medical and Electrochem. Additional information is available at www.greatbatch.com. In October 2015, Greatbatch, Inc. completed its acquisition of Lake Region Medical, with the combined company expected to be renamed Integer Holdings Corporation later this year following stockholder approval.

1 Centers for Disease Control & Prevention, National Center for Health Statistics, http://www.cdc.gov/nchs/fastats/inpatient-surgery.htm

2 Medtech Insight, Neurostimulation Market, March 2013.   





Lori Cornell, 972-668-4093
WiTricity – Version 2.0 Communications
Jean Serra / Katie Kennedy, 617-426-2222