Skip to main content

TIPS ANNOUNCES ACQUISITION TARGET, CAMBRIDGE ORTHOPAEDIC LABS

Written by Customer Service on . Posted in Public Companies.

$TIPS ANNOUNCES ACQUISITION TARGET, CAMBRIDGE ORTHOPAEDIC LABS

Cambridge Orthopaedic Labs Ltd

Cambridge Orthopaedic Labs Ltd

$TIPS ANNOUNCES ACQUISITION TARGET, CAMBRIDGE ORTHOPAEDIC LABS

Cambridge Orthopaedic Labs Ltd

Cambridge Orthopaedic Labs Ltd

London, England , Dec. 10, 2021 (GLOBE NEWSWIRE) — Tianrong Internet Products and Services, Inc. (OTC Pink: TIPS), a MedTech and Medical Device Investment Company, today announced that it has selected Cambridge Orthopaedic Labs Ltd (“COL”) ( https://www.wiltongroup.com/col/) as its next equity acquisition candidate. COL is a medical device company that has developed an innovative non-invasive external fixator (PolyArmour) for the treatment of broken bones, focusing initially on wrist fractures, which COL management anticipates obtaining US FDA approval as a class 1 device in the first half of 2022 ahead of a US market launch later in the year. Financial terms were not disclosed.

Investment Proposal – Cambridge Orthopaedic Labs (COL)

TIPS’ management believes that PolyArmour’s published clinical trial data demonstrates the ability of the product to deliver improved patient experience and healing outcomes than alternative invasive treatments in the market today, and to do so cost effectively for the healthcare provider, taking the treatment of fractures out of the operating theatre, and in turn offering tremendous investment return potential for TIPS’ investors. TIPS’ majority shareholder, Wilton, has been working with COL throughout 2021 to promote the Company’s £3.5m fundraising round.

Tony Flanagan, Wilton CEO and Managing Partner, stated: “Wilton has been extremely impressed with Cambridge Orthopaedic Labs’ PolyArmour product, but also with the professionalism, innovation and credibility of the founders and management team, and considers COL to have both the product and team in place to deliver strong investment returns.”

The management of TIPS released the following statement, “We echo Wilton’s sentiments and believe that Cambridge is an outstanding company and will be a valuable addition to our portfolio. This is only the first of a dozen or so acquisitions, equity stake holdings and investments that TIPS has in the pipeline. We expect 2022 to be a banner year for the Company and all of our shareholders.”

About Wilton Group:

Wilton provides services to clients incorporating investments, wealth management and secured lending, pensions and professional services, with the latter including corporate finance advisory, valuations, M&A, due diligence, IPO and fundraising activities supporting clients. Wilton’s network includes associates with extensive healthcare and MedTech experience in C-suite positions to be leveraged to advance TIPS’ investment objectives.

Wilton’s email address in relation to this transaction is: info@tacticalnewmedicaldiversified.com

About TIPS:

TIPS vision is the establishment of a global medical investment company, with a primary focus on the MedTech and medical device sectors.

For further information please contact TIPS at info@tipsinvest.io

The TIPS Twitter account can be accessed at https://twitter.com/tipsinvest

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Tianrong Internet Products and Services, Inc. to accomplish its stated plan of business. Tianrong Internet Products and Services, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Tianrong Internet Products and Services, Inc. or any other person.

Contact
Tianrong Internet Products and Services, Inc.
info@tipsinvest.io   

Attachments

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.