LANARKSHIRE, U.K., July 10, 2003 (PRIMEZONE) -- AorTech International plc ("AorTech") announces the signing of a license and supply agreement for its proprietary silicone-polyurethane co-polymer technology with a major US supplier of medical devices. The specific financial terms are confidential, but the agreement is exclusive for the life of the corresponding patents and restricted to certain cardiovascular applications. AorTech expects income from up-front license fees, milestone payments, royalties and material supplies and anticipates that the partnership will lead to co-development work in the future.
ENQUIRIES: AorTech International plc
Bill Strachan
Tel: 01698 746 699
College Hill
Tel: 020 7457 2020
Nicholas Nelson/ Clare Warren