K2M Group Holdings, Inc. (NASDAQ:KTWO) (the "Company" or "K2M"), a
global leader of complex spine and minimally invasive solutions
focused on achieving three-dimensional Total Body Balance™, today
announced that it will showcase its first-to-market MOJAVE™ PL 3D
Expandable Interbody System featuring Lamellar 3D Titanium
Technology™ and several of its newest spinal solutions at the North
American Spine Society 33rd Annual Meeting (NASS) in Los Angeles,
CA, September 26-29 (Booth #2001). The Company also announced that
MOJAVE PL 3D Expandable received a 2018 Spine Technology Award from
Orthopedics This Week, which recognizes the best new spine
technologies, engineering teams and inventors for 2018, and in the
process, rewards excellence in innovation.
The MOJAVE PL 3D Expandable Interbody System is a
first-of-its-kind fusion device allowing for independent control of
the anterior and posterior heights in the lumbar spine—a new
capability not available with any other product on the market
today. Featuring infinite adjustment within its expansion range,
the implant can be locked at any desired height and lordosis to
help restore sagittal balance. Designed with Lamellar 3D Titanium
Technology, MOJAVE PL 3D Expandable incorporates a porous structure
and rough surfaces to allow for bony integration throughout the
endplates.
At NASS, K2M will also showcase its YUKON™ OCT Spinal System,
OZARK™ Guide and View Cervical Plate Systems and comprehensive
Balance ACS® (BACS®) Platform. BACS provides surgical solutions
focused on achieving balance of the spine by addressing each
anatomical vertebral segment with a 360-degree approach of the
axial, coronal, and sagittal planes, emphasizing Total Body Balance
as an important component of surgical success.
“We are excited to feature our MOJAVE PL 3D Expandable Interbody
System, the world’s first 3D-printed fusion device featuring
infinite adjustment tools that let surgeons more precisely match
the implant to a patient’s anatomy, at this year’s NASS meeting,”
said K2M Chairman, President, and CEO Eric Major. “Being recognized
by Orthopedics This Week with a Spine Technology Award reflects our
commitment to developing innovative solutions that ultimately help
improve life for people with spinal diseases across the globe.”
The MOJAVE PL 3D Expandable Interbody System is K2M’s fourth
device to win a Spine Technology Award. Orthopedics This Week
recognized its 3D-printed CASCADIA™ Interbody Systems in 2016; its
MESA® Deformity Cricket and SERENGETI® Minimally Invasive Retractor
System were recognized in 2010 and 2009 respectively.
For more information about the MOJAVE PL 3D Expandable Interbody
System and K2M and Balance ACS, visit www.K2M.com and
www.BACS.com.
About K2M
K2M Group Holdings, Inc. is a global leader of complex spine and
minimally invasive solutions focused on achieving three-dimensional
Total Body Balance. Since its inception, K2M has designed,
developed, and commercialized innovative complex spine and
minimally invasive spine technologies and techniques used by spine
surgeons to treat some of the most complicated spinal pathologies.
K2M has leveraged these core competencies into Balance ACS, a
platform of products, services, and research to help surgeons
achieve three-dimensional spinal balance across the axial, coronal,
and sagittal planes, with the goal of supporting the full continuum
of care to facilitate quality patient outcomes. The Balance ACS
platform, in combination with the Company’s technologies,
techniques and leadership in the 3D-printing of spinal devices,
enable K2M to compete favorably in the global spinal surgery
market. For more information, visit www.K2M.com and connect with us
on Facebook, Twitter, Instagram, LinkedIn and YouTube.
Forward-Looking Statements
The foregoing contains “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of
1995. We intend for these forward-looking statements to be
covered by the safe harbor provisions of the federal securities
laws relating to forward-looking statements. These
forward-looking statements include statements relating to the
expected timing, completion and effects of the proposed merger, as
well as other statements representing management’s beliefs about,
future events, transactions, strategies, operations and financial
results, including, without limitation, our expectations with
respect to the costs and other anticipated financial impacts of the
merger; future financial and operating results of K2M Group
Holdings, Inc. (“K2M”); K2M’s plans, objectives, expectations and
intentions with respect to future operations and services; required
approvals to complete the merger by our stockholders and by
governmental regulatory authorities, and the timing and conditions
for such approvals; the stock price of K2M prior to the
consummation of the transactions; and the satisfaction of the
closing conditions to the proposed merger. Such
forward-looking statements often contain words such as “assume,”
“will,” “anticipate,” “believe,” “predict,” “project,” “potential,”
“contemplate,” “plan,” “forecast,” “estimate,” “expect,” “intend,”
“is targeting,” “may,” “should,” “would,” “could,” “goal,” “seek,”
“hope,” “aim,” “continue” and other similar words or expressions or
the negative thereof or other variations thereon.
Forward-looking statements are made based upon management’s current
expectations and beliefs and are not guarantees of future
performance. Such forward-looking statements involve numerous
assumptions, risks and uncertainties that may cause actual results
to differ materially from those expressed or implied in any such
statements. Our actual business, financial condition or
results of operations may differ materially from those suggested by
forward-looking statements as a result of risks and uncertainties
which include, among others, those risks and uncertainties
described in any of our filings with the Securities and Exchange
Commission (the “SEC”). Certain other factors which may
impact our business, financial condition or results of operations
or which may cause actual results to differ from such
forward-looking statements are discussed or included in our
periodic reports filed with the SEC and are available on our
website at http://www.k2m.com under “Investor Relations.” You are
urged to carefully consider all such factors. Although it is
believed that the expectations reflected in such forward-looking
statements are reasonable and are expressed in good faith, such
expectations may not prove to be correct and persons reading this
communication are therefore cautioned not to place undue reliance
on these forward-looking statements which speak only to
expectations as of the date of this communication. We do not
undertake or plan to update or revise forward-looking statements to
reflect actual results, changes in plans, assumptions, estimates or
projections, or other circumstances occurring after the date of
this communication, even if such results, changes or circumstances
make it clear that any forward-looking information will not be
realized. If we make any future public statements or
disclosures which modify or impact any of the forward-looking
statements contained in or accompanying this communication, such
statements or disclosures will be deemed to modify or supersede
such statements in this communication.
Additional Information and Where to Find It
This communication does not constitute an offer to buy or sell
or the solicitation of an offer to buy or sell any securities or a
solicitation of any vote or approval. This communication
relates to a proposed acquisition of K2M by Stryker
Corporation. In connection with this proposed acquisition,
K2M plans to file one or more proxy statements or other documents
with the SEC. This communication is not a substitute for any
proxy statement or other document K2M may file with the SEC in
connection with the proposed transaction. INVESTORS AND
SECURITY HOLDERS OF K2M ARE URGED TO READ THE PROXY STATEMENT AND
OTHER DOCUMENTS THAT MAY BE FILED WITH THE SEC CAREFULLY AND IN
THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN
IMPORTANT INFORMATION. Any definitive proxy statement(s) (if
and when available) will be mailed to stockholders of K2M.
Investors and security holders will be able to obtain free copies
of these documents (if and when available) and other documents
filed with the SEC by K2M through the website maintained by the SEC
at http://www.sec.gov. Copies of the documents filed with the
SEC by K2M will be available free of charge on K2M’s internet
website at http://www.k2m.com or upon written request to:
Secretary, K2M Group Holdings, Inc., 600 Hope Parkway, SE,
Leesburg, Virginia 20175, or by telephone at (703) 777-3155.
Participants in Solicitation
K2M, its directors and certain of its executive officers may be
considered participants in the solicitation of proxies in
connection with the proposed transaction. Information
regarding the persons who may, under the rules of the SEC, be
deemed participants in such solicitation in connection with the
proposed merger will be set forth in the proxy statement if and
when it is filed with the SEC. Information about the
directors and executive officers of K2M is set forth in its Annual
Report on Form 10-K for the fiscal year ended December 31, 2017,
which was filed with the SEC on March 1, 2018, its proxy statement
for its 2018 annual meeting of stockholders, which was filed with
the SEC on April 20, 2018, its Quarterly Reports on Form 10-Q for
the quarterly periods ended March 31, 2018 and June 30, 2018, which
were filed with the SEC on May 2, 2018 and August 2, 2018,
respectively, and its Current Reports on Form 8-K or Form 8-K/A,
which were filed with the SEC on January 8, 2018, January 9, 2018,
February 28, 2018, March 29, 2018, May 1, 2018, June 11, 2018, June
14, 2018, June 18, 2018, August 1, 2018 and August 30, 2018.
These documents can be obtained free of charge from the sources
indicated above. Additional information regarding the
participants in the proxy solicitation and a description of their
direct and indirect interests, by security holdings or otherwise,
will be contained in the proxy statement and other relevant
materials to be filed with the SEC when they become available.
K2M Group Holdings, Inc. 600 Hope Parkway, SE
Leesburg, Virginia 20175 Tel. (703) 777-3155 www.k2m.com
Media Contact:Zeno Group on behalf of K2M Group Holdings, Inc.
Christian Emering, 212-299-8985
Christian.Emering@ZenoGroup.com
Investor Contact:Westwicke Partners on behalf of K2M Group
Holdings, Inc.Mike Piccinino, CFA,
443-213-0500K2M@westwicke.com
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