News – Think Surgical

THINK Surgical and Concordia University Receive NSERC Alliance and MEDTEQ+ 3-Year Grant to Develop Artificial Intelligence for Robotic Surgery

April 28th, 2022|News|

THINK Surgical, Inc., a leading innovator in the field of robotic surgery, is pleased to announce a collaborative project between Concordia University and THINK Surgical funded by the Natural Sciences and Engineering Research Council (NSERC) of Canada and MEDTEQ+. The focus of this project will be on developing advanced image registration algorithms using machine learning and Artificial Intelligence (AI). The results may then be incorporated in THINK Surgical’s next-generation robotic solutions for orthopedic surgery. NSERC is the national funding agency of the Government of Canada and will be supporting this project under the Alliance program, whose grants are peer-reviewed and highly competitive. MEDTEQ+ is the pan-Canadian industry-led consortium for research and innovation in medical technologies. The total direct funding for the research is more than $250,000 over three years. “This grant will support ground-breaking research intended to improve the performance of existing and new clinical systems, thereby benefiting patients through improved clinical outcomes,” said Prof. Hassan Rivaz, the project’s primary investigator. “THINK Surgical’s open-platform is an excellent option for AI-powered applications.” Prof. Rivaz directs the IMage Processing and Characterization of Tissue (IMPACT) laboratory at Concordia University and is also an associate editor of IEEE Transactions on Medical Imaging. “We collaborated [...]

David C. Dvorak Invests $5 Million in THINK Surgical

April 7th, 2022|News|

THINK Surgical, Inc., an innovator in the field of orthopedic surgical robots, today announced the investment of $5 million dollars in THINK Surgical by David Dvorak. This investment was completed through Black Lake Expeditions, LLC, an entity for which Mr. Dvorak serves as managing director. Mr. Dvorak became THINK Surgical's Executive Chairman of the Board last year following an extensive search process. Mr. Dvorak had a successful 16-year career at Zimmer Biomet Holdings, Inc. where he most recently held the position of president and chief executive officer for a decade. "Since becoming THINK Surgical's Chairman, I have gained a much deeper understanding of THINK's overarching strategy and vision, current product offering and future technology pipeline, as well as the strength of its leadership team," said Mr. Dvorak. "Given his track record of success over decades with Stryker Corporation, including his time as president of the Joint Replacement Division and his experience with Mako robotic-arm technology, Stuart Simpson is uniquely qualified to lead THINK. I am highly confident that under Stuart's leadership THINK will execute its compelling plans with precision and generate tremendous value for its stakeholders." "It is incredibly gratifying and motivating to receive such a significant demonstration of support [...]