Lithotech Medical Ltd

www.lithotechgroup.com

Now Nordson Medical Israel

High-Tech Company

Acquired by Vention Medical

Graduated from: Meytag

TECH VERTICALS

Healthtech, Life Sciences, Medical Devices, MedTech

General Data

Sector	Medical Devices
Company Stage:	Initial Revenues
Established	2001
Number of Employees	45
Reg. Number:	abCDe

DESCRIPTION

Lithotech is a world leader in innovative production and development of invasive medical devices based on Nitinol Alloy (NiTi), and applications of Nano-Pulse technology for Lithotripsy and other medical usage.

Lithotech’s products have various medical applications, including urology, cardiology as well as other surgical medical devices; all of these innovative medical devices are produced in Lithotech's state-of-the-art facility.

Lithotech maintains a commercial and strategic relationship with leading medical device companies and R&D centers. These relationships enable Lithotech to develop additional innovative medical devices, as well as market and sell its products via the marketing and distributions channels of these companies.

Since intellectual property is central to Lithotech's business model, Lithotech uses its in-house R&D to further build on its current base of patents. Lithotech patents have been granted in many countries and territories, including, US, Europe, Russia and Israel. Patent applications are filed for all of Lithotech’s R&D projects.

TECHNOLOGY

The invasive medical devices Lithotech produces are based on alloy of Nickel and Titanium wires which consist unique properties such as super-elasticity and shape memory capabilities. Nitinol threads can be produced in small diameters, and when interlaced and interweaved, Nitinol threads can creates a combination of super-elasticity and springiness that is superior to the properties of a single super-elastic Nitinol wire. Those features enable Lithotech to produce innovative medical devices which usable in various medical fields.

Lithotech's Nitinol and Nano Pulse capabilities is based on the unique know-how of one the of the world’s leading research centers for solid state physics and material properties.

Products and Phases

Product	Phase
Lithoextractor	FDA Approved CE Approved
Different models of stone retrieval baskets had been developed to serve different operational needs. All Lithotech baskets are made of superelastic NiTi alloys. The NiTi basket size available are 2.5 to 5 Fr. The unique design of these baskets features an asymmetric shape along their central axis, and the way how the NiTi wires are interweaved and twisted together. This woven basket creates a special shape that will not allow stones to fall out at the extraction stage and, on the other hand, will ensure easy stone capture. Apart from this, special structure of stone extractors increases their springiness and flexibility that in turn help to reduce the traumatic influence on body tissues.
Lithotripter	FDA Approved CE Approved
Lithotripter is using a new technology for stone shuttering and crushing. The Lithotripter is based on high voltage nanosecond electric pulse rather than laser.

	TARGET MARKETS
	Hospitals

	BUSINESS MODEL
	B2B

REMARKS

Date	Remark
	Since 2004 the company is selling a wide range of Nitinol based stone extractors to Cook Medical Inc.

CONTACT INFO

Expand / Collapse All

Branch Address: Rosh Haayin, Israel

Address	22 Hamelacha Street Building 4-B
City	Rosh Haayin
Country	Israel
Zip	4809164

Contact Person	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

Branch Address: Galway, Ireland

Address	Upper Newcastle Unit 102, Business Innovation Centre NUIG
City	Galway
Country	Ireland
Zip	H91TE26

Contact Person	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

Main Address: Katzrin, Israel

Address	20 Street
POB	12
City	Katzrin
Country	Israel
Zip	1290000

Contact Person	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

	MANAGEMENT

Key Executive

Name	Title	Previous Position
Dr. Valery Diamant	CTO & Co-Founder
Ms. Yana Prus	VP, Regulatory Affairs	Adin Dental Implant Systems (Director Of Quality Assurance and Regulatory Affairs)
Mr. Igor Gutman	Engineering Manager
Dr. Gennady Chepovetsky	Project Manager

	BOARD

Board

Member	Title	Affiliation
abC Defghij	Chairman	Partner, Foriland Investments
abC Defghij	Board Member	CEO & Founder, Foriland
abC Defghij	Advisory Board Member	Chief Medical Officer, InspireMD
abC Defghij	Advisory Board Member	Medical Director, ITGI Medical
abC Defghij	Advisory Board Member	N\A
abC Defghij	Advisory Board Member	N\A
abC Defghij	Advisory Board Member	N\A
abC Defghij	Advisory Board Member	N\A

Mergers & Acquisitions

Round

Date

Stage

Amount

Valuation

Acquired

Jan. 24, 2017

Initial Revenues

abCDe

Capital Point Ltd. (TASE:CPTP), which owns a 13.6% stake in Lithotech, reported that the acquisition is for NIS 10m in cash and a further NIS 3m in milestone performance payments.

* New investor

Investor	Type	Amount	Remarks
abC Defghij*	High-Tech Company	abCDe

	FINANCIAL ROUNDS

Total Capital Raised
abCDe

Financial Rounds

Numbers of Investors

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Round

Date

Stage

Amount

Valuation

Seed - Extended

Oct. 01, 2002

Seed

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Venture Capital Fund	abCDe	Holdings sold.
abC Defghij	Investment Company	abCDe	Holds 10% of the company outside the Meytag High-Tech Ventures Incubator
abC Defghij	Investment Company	abCDe
abC Defghij	Other	abCDe
abC Defghij	Other	abCDe

Seed

Oct. 01, 2001

Seed

abCDe

	R&D Grants

Expand / Collapse All

Round

Date

Stage

Amount

Remarks

R&D Grant

Mar. 01, 2023

Initial Revenues

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Government Agency	abCDe

R&D Grant

Oct. 01, 2001

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Government Agency	abCDe	R&D grant

Last Updated:	abCDe
IVC Number:	abCDe