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Canon Virginia, Inc. Collaborates with CVR Medical to Manufacture Intuitive, Next-Generation Stroke Prevention Technology

Company Expands its Medical Device Contract Manufacturing Services with Latest Alliance

NEWPORT NEWS, V.A., August 7, 2017 – After recently extending its full range of services to include medical device contract manufacturing and receiving ISO 13485 certification, Canon Virginia, Inc. (CVI), a wholly owned subsidiary of Canon U.S.A., Inc., announces an intent to collaborate with CVR Global Inc., on behalf of CVR Medical Corp. (CVM.V) (“CVR Medical”). CVI will provide the manufacturing services needed to bring to market CVR Medical’s Carotid Stenotic Scan (CSS), a device under development which is being designed to provide early detection of carotid arterial health, a leading stroke indicator.

“Our collaboration with CVR Medical reaffirms Canon’s commitment to expanding our leading manufacturing services into the medical device industry,” says Toru Nishizawa, president and CEO of Canon Virginia, Inc. “CVR Medical wholly aligns with our mission to manufacture next-generation, intuitive medical technology that will ultimately revolutionize healthcare services.”

CVI’s medical manufacturing division includes a state-of-the-art facility with an ISO Class 7 clean room and 30,000 square feet of dedicated floor space to support Class I and Class II medical device manufacturing. The facility will provide a streamlined supply chain and customized manufacturing solution for CVR Medical’s CSS device.

“We are thrilled to embark on this journey with Canon, as we are confident that its new facility, in-house engineering proficiencies, and existing industry relations will ensure that CVR Medical is able to maximize production value as the CSS device scales to meet its high-demand potential,” says Peter Bakema, CEO of CVR Medical. “CVI’s ability to conduct on-site molding of parts and full device assembly will substantially reduce costs and set CVR Medical on a course for a cost-effective, expedited market entry.”

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About Canon Virginia, Inc.

Located in Newport News, Va., Canon Virginia, Inc. is the manufacturing, engineering, recycling and technical support center for Canon in the Americas. In addition to producing new products, Canon Virginia also functions as a factory service center providing expert customer service in the repair and refurbishment of Canon products. Canon Virginia offers a host of contract manufacturing services including injection mold making, medical device manufacturing and aftermarket services. For more information about Canon Virginia services, please visit www.cvi.canon.com/mfg or call 1-866-99-CANON.