Titan Medical Announces Benchmark Electronics, Inc. Purported to Terminate Agreement
Published: 04 December 2023
by Tyler Hanes
TORONTO – Titan Medical Inc. ('Titan' or the 'Company') (TSX: TMD; OTC: TMDIF), announced today that Benchmark Electronics, Inc., the company engaged by Titan under a manufacturing and supply agreement for the manufacture of Titan's Enos Surgical System, has purported to terminate the agreement.
Titan did not receive delivery from Benchmark of manufactured Enos Surgical System units and disputes that Benchmark has grounds for the termination. Titan has rejected Benchmark's allegation that Titan breached the agreement.
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