Quantum OPS Receives Funding for Surgical Positioning System
Fort Wayne, Ind.-based orthopedic technology company Quantum OPS Inc. has received $1.05 million in Series A financing. The investment was led by Pittsburgh Life Science Greenhouse (PLSG) and the PLSG Accelerator Fund with additional funding from multiple institutional and angel investors. The money will be used to fund Quantum’s first products, the Quantum Shoulder Positioning (QSP) system, which, according ot the company, will enable clinicians to immobilize, stabilize and position patients of all sizes for shoulder surgery. The funds also will go toward accelerating products currently in the pipeline, some of which include a surgical arm positioner, an arthroscopic knee positioner, and other positioning accessories.
"Today's orthopedic patients are larger, budgets are smaller, and expectations are higher," said Keith Harper, CEO of Quantum OPS. "This is an exciting time for Quantum OPS. Our shoulder positioner is just the beginning. This financing will allow us to plan for and launch another generation of products. This will position us to fulfill more unmet clinical needs for our customers and reward our investors with profitable growth."
The QPS was available to a few introductory clients in January of this year, and later this summer will become available nationwide. The positioner features disposable and reusable components.
John W. Manzetti, PLSG’s president, CEO and founder and managing director of the PLSG Accelerator Fund, expressed enthusiasm for and confidence in Quantum’s technology.
"Quantum OPS has a superior technology and a team with the vision and ability to deliver on a huge opportunity,” he said. “We and our investment partners look forward to the continued growth and success of this promising portfolio company."