Quebec City, Quebec, November 27, 2017
- Opsens Inc. ("Opsens" or the "Company") (TSX:OPS)
(OTCQX:OPSSF)
is pleased to announce the conversion of the US$2 million debenture held by
Zeon Medical Inc.
("Zeon
Medical"),
Opsens’ Japanese partner.
Zeon
Medical
has been a client of Opsens since 2004. In 2012, Opsens granted
Zeon Medical the exclusive
distribution
rights for its products designed to measure Fractional Flow Reserve (“FFR”) in Japan, Korea and Taiwan.
Today,
Opsens announced that the aggregate principal amount under the debenture and the accrued
interest
had been fully converted into common shares of the Company.
Dr. Noboru
Yanagida,
President of Zeon Medical, said:
“we are delighted to become a shareholder of Opsens.
We appreciate the business partnership we have developed and expect to continue
to grow this relationship
for the benefit of our two companies."
"We
are pleased to see our longtime partner, Zeon Medical, become a shareholder in our Company. The
trust
that has developed between our two companies, over more than ten years of cooperation, has
contributed
to the decision to convert the debenture into shares of Opsens," concluded Mr. Louis Laflamme,
President
and CEO of Opsens.
Opsens focuses mainly on the measure of FFR in interventional cardiology. Opsens
offers an advanced optical-based
pressure guidewire (OptoWire) that aims at improving the clinical outcome of patients
with coronary artery disease.
Opsens is also involved in industrial activities.
About ZEON CORPORATION
(www.zeon.co.jp)
and Zeon Medical Inc. (www.zeonmedical.co.jp/e)
Founded in 1950, ZEON CORPORATION
is a chemicals manufacturer that produces materials for daily life such as
synthetic rubbers,
specialty
resins and electronic components. Using unique technologies, the company
has
improved its integrated production
system and is considered to be a world leader in special synthetic rubber
manufacturing. Zeon Medical, Inc.,
a wholly owned subsidiary
of the ZEON CORPORATION, has over 20 year’s history
in the production and distribution
of medical devices in the field of
cardiovascular/
GI endoscopic
treatment.
Forward-looking statements contained in this press release involve known and unknown risks, uncertainties and other
factors that may cause actual results, performance and achievements of Opsens to be materially different from any
future results, performance or achievements expressed or implied by the said forward-looking statements.
Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility
for the adequacy or accuracy of this release.
-30-
For further information, please contact:
Louis Laflamme, CPA, CA, Chief Executive Officer, 418.781.0333
Robin Villeneuve, CPA, CA Chief Financial Officer, 418.781.0333
| |
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Monday, November 27, 2017
OPSENS’ Japanese partner Zeon medical proceeds with Conversion of US$2 million Debenture
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