By GlobeNewswire, October 16, 2013, 07:30:00 AM EDT
RALEIGH, N.C., Oct. 16, 2013 (GLOBE NEWSWIRE) -- Baxano Surgical, Inc. (Nasdaq:BAXS), a medical device company focused on designing, developing and marketing minimally invasive products to treat degenerative conditions of the spine affecting the lumbar region, today announced it will celebrate the expansion of their Raleigh-based corporate headquarters at 4:00PM on Wednesday, October 16th. State Representative Jim Fulghum, MD will perform the ceremonial ribbon-cutting and deliver remarks to the company and invited guests. A facility tour and demonstration of the Company's proprietary technologies will follow the ribbon-cutting.
President and CEO Ken Reali states: "Our headquarter expansion signals a very significant milestone in the history of our company. Over the last year, we have completed a successful acquisition, changed our name from TranS1 to Baxano Surgical, and positioned the new entity for significant penetration of the rapidly growing market for minimally invasive spine procedures."
Baxano Surgical employs approximately 140 people nationwide, 90 of whom are based in North Carolina. The company's new headquarters, located at 110 Horizon Drive in Raleigh, occupies over 17,000 square feet and includes corporate administration, a surgeon training center, marketing, quality and regulatory, and customer service. The company also has a facility in San Jose, CA where it operates another surgeon focused training center and has manufacturing operations.
About Baxano Surgical, Inc.
Baxano Surgical, Inc. is a medical device company focused on designing, developing, and marketing minimally invasive products to treat degenerative conditions of the spine affecting the lumbar region. Baxano Surgical currently markets the AxiaLIF® family of products for single and two level lower lumbar fusion, the VEO® lateral access and interbody fusion system, the iO-Flex® system, a proprietary set of flexible instruments used by surgeons during spinal decompression procedures and the iO-Tome™ instrument, which rapidly and precisely removes bone, specifically the facet joints, which is commonly performed in spinal fusion procedures. Baxano Surgical was founded in May 2000 and is headquartered in Raleigh, North Carolina. For more information, visit www.baxanosurgical.com.
AxiaLIF, VEO and iO-Flex are registered trademarks of Baxano Surgical.
CONTACT: Matthew Pickens
Vice President, Reimbursement / Professional Affairs
110 Horizon Drive, Suite 230
Raleigh, NC 27615
Source: Baxano Surgical, Inc.