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28 Oct Lazurite™ Named Small Tech Company of the Year in Best of Tech Awards

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CLEVELAND–(BUSINESS WIRE)–Medical device and technology company Lazurite™ was selected as Small Tech Company of the year in the annual Best of Tech Awards sponsored by the Greater Cleveland Partnership (GCP), the region’s chamber of commerce. Lazurite was also a finalist in the Most Promising Startup and Best Technology Solution categories, the only entrant to be a finalist in three categories.

Lazurite President Leah Brownlee (2nd from the right) and other members of the Lazurite team pose with their Small Tech Company of the Year award.
Lazurite President Leah Brownlee second from the right and other members of the Lazurite team pose with their Small Tech Company of the Year award

The Best of Tech Awards honors companies and individuals who are excelling and helping grow the tech sector in Greater Cleveland. It is the largest and most prestigious tech competition in the region.

Lazurite was recognized for its ArthroFree™ Wireless Surgical Camera System, the first wireless surgical camera to receive 510(k) marketing clearance from the Food and Drug Administration for arthroscopy and general endoscopy.

“It’s truly an honor to be recognized alongside many other fantastic companies,” said Lazurite President and General Counsel Leah Brownlee, who accepted the award on behalf of the company. “Cleveland has a strong, diverse and innovative tech community that has given Lazurite support of all kinds. We hope this recognition helps spread the word among our connections elsewhere in the country.”

About Lazurite

Lazurite is a medical device and technology company. Its ArthroFree™ System—the wireless camera for arthroscopy and general endoscopy—is designed for surgeons seeking surgical tools for greater agility in the OR. ArthroFree is drop-in compatible with current OR technologies, and it promises to eliminate cable-related patient burns, OR fires, and staff trips and falls. With the ArthroFree System, Lazurite ushers in the wireless era of surgical visualization. Lazurite’s intellectual property portfolio also includes the low-heat Meridiem light technology and products in development. The pre-revenue company is located in Cleveland, OH (est. 2015), and to date has raised ~$25M from institutional investors, family offices, and more than 75 physician champions. The mission: solve impossible problems to improve people’s lives. The 10-year vision: better outcomes for 10 million patients—and thousands of clinicians, too. For more information, see: https://lazurite.co.

Forward-Looking Statements

This press release includes “forward-looking statements.” Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “believe,” “project,” “estimate,” “expect,” “may,” “should,” “will,” “designed,” “milestone,” “promises,” “designed” and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding the expected impact of the ArthroFree System on the field of minimally invasive surgery, and particularly arthroscopic surgery, and our future sales of the ArthroFree System. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Lazurite™, ArthroFree™, and Meridiem™ are trademarks of Lazurite Holdings LLC.

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Contacts

Patrick Gallagher
+1 (216) 233-7473
p.gallagher@lazurite.co

Lazurite:
+1 (216) 334-3127
contact@lazurite.co

SOURCE: Lazurite, Business Wire, October 27 2022.

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