Seeking Early-Stage Broad Base Strategic Alliances Globally, Begins Commercialization Phase
FORT HARRISON, FL / ACCESSWIRE / August 18, 2014 / Golden Valley Development, Inc., (OTC Pink: GVDI) (PINKSHEETS: GVDI) (the "Company") a developer and marketer of patented and patentable technologies, announces that it is actively seeking alliances with research institutions around the globe to explore early–stage innovation in a broad range of surgical equipment.
"GVDI, through its affiliates and subsidiaries, is entering the commercialization phase. We believe the future of the surgical equipment industry and other industries our technology and products can serve will be defined by companies like ours. Our collaboration with academic institutions and governments, leverages our existing strengths, while at the same time we are looking outside the box to experiment with new ways of innovating," Said Kevin Sorrels, CEO of GVDI. "By combining the product management, market entry, and business acumen of our company with the technical expertise and market data of research institutions, we can realize synergies that create a win-win for both parties." Added Mr. Sorrels.
The Surgical Equipment industry has been traditionally highly fragmented, with no one firm dominating. Small companies are common and typically specialize in developing niche technology, while larger players frequently seek to acquire smaller firms to expand their product range or gain access to a particular technology or market. However, during the past five years, the industry seeks more consolidation, with the number of companies decreasing.
In order to compete and deal with the technological advancements, surgical equipment companies are expected to realign their business structures and strategies. Anticipated changes include company restructuring as well as an increased reliance on strategic alliances and outsourcing for marketing, distribution, research and manufacturing activities.
The United States is the world's largest and most developed market and the leading supplier of medical devices. In 2013, the U.S. market for surgical equipment was valued at US$ 2.1 billion. The market size of the surgical equipment industry is projected to grow to US$ 2.3 billion at the end of 2014.
According to Kevin Sorrels, "The broad variety of collaborations we are seeking, and the unique ways in which we are working with our collaborators, illustrate our strong commitment to being not only flexible but also creative in our business. We want to maximize the potential of each individual technology." Mr. Sorrels adds thought for the future: "We are extremely pleased and I believe that a better way to serve surgical equipment markets can be developed through our alliances. We will use our strengths of local capabilities with the flexibility to adapt to deal structures to match early stage opportunities and establish novel collaborations that speed development of innovations to solve unmet patient needs."
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Golden Valley Development, Inc.
SOURCE: Golden Valley Development, Inc.