Blue Belt Technologies Resolves Lawsuit

  Blue Belt Technologies Resolves Lawsuit

Business Wire

PITTSBURGH -- April 4, 2013

Blue Belt Technologies, Inc. (“Blue Belt”) today announced that it has
resolved a lawsuit filed by MAKO Surgical Corp. (“Mako”) of Ft. Lauderdale,
Florida. The suit asserted breach of contract and various unfair competition
claims, all of which Blue Belt vehemently denied in its court filings. Blue
Belt manufactures and markets the NavioPFS orthopedic surgical system with
precision robotics for unicondylar knee replacement (UKR), commonly known as a
partial knee replacement. NavioPFS offers significant advantages over other
robotic-controlled systems available in the marketplace, including Mako’s
system. Unique differentiating features include image free navigation, an open
platform for implants which allows physicians to use their preferred type of
implant, and a handheld smart instrument with robotic control. These
advantages are all offered at a price point that makes precision robotics
available to hospitals of all sizes, including outpatient surgery centers.
Blue Belt received FDA clearance for NavioPFS last November and formally
launched the system at the American Academy of Orthopedic Surgeons annual
meeting held in Chicago, March 20-22, 2013.

“We believe that this lawsuit was without merit and Mako failed to prove that
Blue Belt engaged in any wrongdoing. In fact, Mako failed to substantiate many
of the allegations it made in its complaint and we are confident that Blue
Belt would have prevailed had the litigation continued,” said Blue Belt
President and CEO Eric Timko. “At the same time, however, Blue Belt determined
that it is in our best interest to compete with Mako by selling our new
robotic technology in the marketplace, instead of competing in the courtroom,
where no surgeon or patient can benefit. We have established great momentum
since officially launching NavioPFS in the United States. We fully expect to
continue rapidly expanding our presence in the marketplace as more physicians
and hospitals see the benefits that NavioPFS can bring to their patients and
facilities at an economically friendly price point.”

Blue Belt Technologies, Inc.

Blue Belt Technologies, Inc. has developed the next generation of “smart”
surgical instruments with precision robotics for use initially in orthopedic
procedures and then for other surgical specialties, including neurosurgery,
spinal and otolaryngology (ENT). The company’s NavioPFS System incorporates
patented technology to provide precise robotic control to surgeons via an
intelligent, handheld, computer-assisted bone-cutting tool. The NavioPFS
System provides the surgeon with a layer of safety and enhanced accuracy while
performing bone-shaping tasks through less invasive incisions. More
information about Blue Belt can be found at www.bluebelttech.com.

Contact:

ML Strategies, LLC
Nancy Sterling, 617-348-1811
nsterling@mlstrategies.com