GlobeNewswire Inc | May 10, 2021 07:30AM EDT

May 10, 2021

BILLERICA, Mass., May 10, 2021 (GLOBE NEWSWIRE) -- Conformis, Inc.(NASDAQ:CFMS) today announced 510(k) clearance by theU.S. Food and Drug Administrationfor the Companys Identity Imprint Knee Replacement System.

Identity Imprint is a new total knee replacement system, available in both cruciate retaining (CR) and posterior stabilized (PS) versions, that expands the range of options open to Conformis orthopedic surgeon customers and their patients. Whereas the Conformis iTotal Identity knee replacement system is designed and manufactured individually to fit the unique size, shape, and curvature of each patients anatomy, Identity Imprint combines pre-determined implant sizes with standard and patient-specific surgical instrumentation. Identity Imprint will provide surgeons with faster delivery times and intraoperative options that are more similar to standard knee systems.

Identity Imprint utilizes a proprietary 3-dimensional (3D) best-fit algorithm to select the implant that most closely meets the geometric and anatomic requirements of the patient based on the patients computed tomography (CT) scans. The Identity Imprint will be delivered using Conformis sterile surgery-in-box system, which is expected to provide ambulatory surgical centers (ASCs) greater procedural efficiency and improved sterilization cost savings than standard systems.

Our Identity Imprint knee system is a tremendous new addition to our product portfolio that leverages our technical innovations and data from tens of thousands of personalized implant designs. It is a terrific option for those surgeons who want more traditional intraoperative flexibility and faster product availability. We will be able to provide a patient-matched Identity Imprint system in 3 weeks versus the six weeks lead time for the iTotal Identity fully personalized system, said Mark Augusti, President and CEO. This offering is extremely well-positioned to meet the needs of the ASC care setting, but will provide value to in-patient hospital care as well, especially in the post-COVID environment. Importantly, it also provides surgeons and their patients a new choice among Conformis world-class treatment options.

The global knee joint reconstruction market is projected at over$9 billion, with approximately 1 million knee replacements expected to be performed intheUnited Statesthis year, with a growing number of knee procedures to be performed in the ASC and outpatient settings.

AboutConformis, Inc.

Conformisis a medical technology company that uses its proprietary iFit Image-to-Implant technology platform to develop, manufacture, and sell joint replacement implants and instruments that are individually sized and shaped, which we refer to as personalized, individualized, or sometimes as customized, to fit and conform to each patients unique anatomy.Conformisoffers a broad line of sterile, personalized knee and hip implants and standard implants, along with single-use instruments delivered to hospitals and ambulatory surgical centers.In clinical studies, theConformisiTotal CR knee replacement system demonstrated superior clinical outcomes, including better function and greater patient satisfaction, compared to traditional, off-the-shelf implants. Conformis owns or exclusively in-licenses issued patents and pending patent applications that cover personalized implants and patient-specific instrumentation for all major joints.

For more information, visitwww.conformis.com. To receive future releases in e-mail alerts, sign up at http://ir.conformis.com.

Cautionary Statement Regarding Forward-Looking Statements

Statements in this press release about our future expectations, plans and prospects, as well as other statements containing the words anticipate, believe, continue, could, estimate, expect, intend, may, might, plan, potential, predict, project, should, target, will, or would and similar expressions, constitute forward-looking statements within the meaning of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. You should not place undue reliance on our forward-looking statements. Actual results could differ materially from the projections disclosed in the forward-looking statements we make as a result of a variety of risks and uncertainties, including risks and uncertainties described in the Risk Factors sections of our public filings with theSecurities and Exchange Commission. In addition, the forward-looking statements included in this press release represent our views as of the date hereof. We anticipate that subsequent events and developments may cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date hereof.

Source: Conformis, Inc.

Media Contact:Investor Relationsir@conformis.com(781) 374-5598