Ossur Hf : Össur and Nike Collaborate on Breakthrough Running Sole for Flex-Run
Announcement from Össur hf.No:3/2012
Reykjavik, 2 February 2012
Össur and Nike Collaborate on Breakthrough
Running Sole for Flex-Run
Össur and Nike have introduced a new sole utilizing state-of-the art design methods and technologies to create a lightweight, durable composite sole that can easily be used with Össur's Flex-Run prosthetic blade for amputee athletes. The sole is designed in cooperation with Sarah Reinertsen, amputee triathlete and World Record Holder.
"The Össur Flex-Run enables amputees of all abilities to achieve their athletic goals," said Jon Sigurdsson, Össur's president and CEO. "This exciting collaboration has leveraged Össur's unmatched research and development in running prosthetics with Nike's first-class technologies, resulting in a product unlike any other."The Nike Sole features an integrated layered sole including an outsole, midsole and thermal plastic urethane called Aeroply, made of recycled Nike Air Bag units, serving as moderator between Nike Sole and the Össur Flex-Run's carbon fiber blade.
"The Nike Sole is a shining example of our passion and commitment to serve athletes and provide them the solutions they need to achieve their goals - we're always listening to the voice of every athlete," said Tobie Hatfield, Nike Innovation Director.
The product is not a material revenue contributor and not expected to have material effect short term.
Further information:
Sigurborg Arnarsdóttir, IR Manager Tel: +354-664-1044
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About Össur
Össur (NASDAQ OMX: OSSR) is a global leader in non-invasive orthopaedics that help people live a life without limitations. Its business is focused on improving people's mobility through the delivery of innovative technologies within the fields of braces, supports, prosthetic limbs and compression therapy, including the Flex-Foot Cheetah carbon fiber running prostheses used by "The Blade Runner," renowned double-amputee sprinter Oscar Pistorius. A recognized "Technology Pioneer", Össur invests significantly in research and product development; its award-winning designs ensuring a consistently strong position in the market. Successful patient and clinical outcomes are further empowered via Össur's educational programs and business solutions. Headquartered in Iceland, Össur has major operations in the Americas, Europe and Asia, with additional distributors worldwide. www.ossur.com
Forward-Looking Statements
This press release includes "forward-looking statements" which involve risks and uncertainties that could cause actual results to differ materially from results expressed or implied by these statements. Össur hf. undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.