Microbot Receives Notice of Allowance for U.S. Patent Covering its TipCAT Technology Platform
12/14/2017 7:00:34 AM
HINGHAM, Mass., Dec. 14, 2017 (GLOBE NEWSWIRE) -- Microbot Medical Inc. (Nasdaq:MBOT), a medical device company specializing in the design and development of transformational micro-robotic medical technologies, today announced the U.S. Patent and Trademark Office (USPTO) has issued a Notice of Allowance covering the Company’s TipCAT technology platform. This increases the number of issued or allowed patents to 24 and an additional 12 patent applications pending worldwide, covering its ViRob™ and TipCAT™ technology platforms.
“The allowance of this patent is an integral part of our overall strategy and demonstrates our commitment to protecting our assets and expanding our IP portfolio, either organically or externally,” commented Harel Gadot, Chief Executive Officer, President, and Chairman. “Focusing on the continued development milestones of our future offering, such as the significant progress we are making with our self-cleaning shunt (SCS), combined with strengthening our global IP portfolio allow us to differentiate our unique products and create barriers of entry to future competition. I believe that the expected growth of minimally invasive surgical (MIS) procedures in general, and specifically the increasing adoption of robotic surgery, will continue to drive the need for large medical device companies to acquire and/or collaborate with robotics-focused companies. As such, I believe today’s allowance and our continued innovation are value drivers for our shareholders.”
The allowed patent application (Patent App. No. 14/746,660) is a continuation of Patent No. 9,061,118, issued on June 23, 2015, and covers Microbot’s TipCAT device having a hollow passageway running through a central region of the device’s set of inflatable chambers, the passageway being adapted to contain an element (e.g. a guidewire) threaded inside, such that when inflated, at least one of the inflatable chambers applies pressure at the passageway and grips the element threaded inside.