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Sites Medical reaches product development milestone

COLUMBIA CITY, Ind. (October 25, 2010) – Whitley County-based Sites Medical LLC announced today that the company has successfully completed the first surgeries with medical devices containing its proprietary BioSync™ technologies.

“Our company is focused on evaluating, developing, and marketing creative materials, therapeutics, and other patient focused technologies within the medical device marketplace,” said Sites Medical President & CEO Greg Stalcup, “This milestone demonstrates that we are on the right track in order to be successful in our long term objectives.”

The company is working with domestic and global partners to further establish its pipeline of technologies and soon plans to begin manufacturing in Indiana. Relationships with partners in the sports medicine and spine segments are supporting additional applications of the company’s BioSync™ technologies.

“We are growing organically and through key relationships with domestic and global partners,” said Stalcup, “Our experienced team and strong investor backing will support continued growth and success in 2010 and beyond.”

Sites Medical has also achieved ISO 13485 certification and completed a recent surveillance audit of the company’s comprehensive management system for the design and manufacture of medical devices.

Sites Medical LLC is located within the OrthoVation Center, a facility announced earlier this year to provide office space and support service for emerging companies in the medical device industry.

The company received a $1 million grant from the state’s 21st Century Research and Technology Fund in 2006 to aid in commercialization of the BioSync™ technology. In 2009 Sites’ sister company S-Med also received a $1 million grant from the fund to develop tissue attachment and therapeutic delivery technologies.

“Sites Medical is a showcase of the 21 Fund’s mission to accelerate the commercialization of life-altering technology in Indiana,” said Mitch Roob, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation. “The advancement of this technology holds great implications for orthopedic patients, but also the diversification of our state’s economy.”

Whitley County Commissioners and County Council have approved a multi-year, CEDIT-based incentive to support the growth of Sites Medical in Whitley County.

“Whitley County is committed to growing medical device manufacturing, product development, and support companies,” said County Commissioner Mike Schrader, “We will continue to work with Sites Medical to encourage the company’s success in our community.”

About Sites Medical LLC
Sites Medical’s primary focus is to develop innovative solutions to benefit the Orthopedic Patient and Surgeon. Technologies currently under development are focused on Spine, Sports Medicine, and Orthopedic Oncology (bone cancer). Working with our Surgeon and Industry partners we aspire to become the premier technology and product provider within the Medical Marketplace.

About Whitley County EDC
The Whitley County Economic Development Corporation (EDC) is the lead economic development agency in Whitley County, Indiana. The EDC works closely with local, regional, and state partners to support our industry clients’ growth and success. Our mission is to implement a unified economic development effort and to expand employment and business opportunities for the benefit of the people of Whitley County by developing and maintaining cooperation of all individuals, groups, and organizations within the county. The Whitley County EDC was established in 1992 and represents Whitley County, Columbia City, and the Towns of Churubusco, Larwill, and South Whitley. For more information about the EDC, visit www.whitleyedc.com.

About IEDC
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Mitch Roob serves as the chief executive officer of the IEDC. For more information about IEDC, visit www.iedc.in.gov.


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