other material
confidence high
sentiment positive
materiality 0.65
Microbot Medical signs manufacturing agreement with Sanmina for LIBERTY System
Microbot Medical Inc.
- Entered into Letter of Agreement with Sanmina Corporation to manufacture the LIBERTY Endovascular Robotic System.
- Agreement expands manufacturing capacity to meet rising demand from existing and new accounts in U.S. and internationally.
- Expected to improve operating efficiencies, lower costs, and expand gross margins as part of cost reduction strategy.
- Sanmina, a global manufacturing leader, provides second manufacturing site and potential for regional scaling.
- Microbot plans to increase U.S. sales footprint to Western U.S. later this year; recent clearance in Israel, CE Mark progress.