Over the past two months, we have implemented our next steps, which were planned for early 2022:
Business Proof Concepts
Our “Proof Business Concept Regulatory Affairs” has now been evaluated as conclusive and implementable by several opinions.
The same applies to our “Proof Business Concept towards customers and surgeons”. Based on the overwhelming results from both surveys – the customer proof and the surgeon proof – we are more than confident that it is urgently time for a second supplier for ceramic ball heads for orthopedics.
Please note: details of the customer and surgeon surveys will be on our website in the coming days.
The targeted capacity in our business plan is now increasing to 1,000,000 ball heads per year because, among other things, we believe that metal ball heads will be eliminated in the long term by our generic approach.
In terms of investor selection, we are in the final round with our increased capacity planning based on the very positive market surveys: negotiations are still ongoing, but we will need some more time as one of the expanded deal structures, the second production site, is still under consideration.
Strategic material supplier
We are proud to have completed negotiations with our strategic material supplier last week. The contracts are expected to be signed in the next few days.
Production site planning with C2 neutrality
We have also taken a big step forward in the selection of a production site, which will definitely be located in Germany. The purchase of a suitable plot of land (8000sqm) in Germany is in its final stages. The location is either in the Stuttgart area or in the “Medical Valley” in Erlangen (Bavaria).