AUSTIN, TEXAS / ACCESSWIRE / December 2, 2024 / Monogram Technologies Inc. (NASDAQ:MGRM) ("Monogram" or the "Company"), an AI-driven robotics company focused on improving human health with an initial focus on orthopedic surgery, today announced completed purchases of MGRM common stock on the open market by certain related parties including Chief Financial Officer Noel Knape, totaling approximately $1 million. Additional details can be found on the Form 8-K filed today by the Company under Item 8.01 Other Events. "Our senior management team has purchased shares in the open market, reflecting high confidence in our strategy and expectation to create long-term shareholder value," said Ben Sexson, Chief Executive Officer of Monogram. "With the funding secured from our recent offering, we are optimistic about our ability to reach our key milestones in the months ahead." Upcoming Milestones About Monogram Technologies Inc. Monogram Technologies (NASDAQ: MGRM) is an AI-driven robotics company focused on improving human health, with an initial focus on orthopedic surgery. The Company is developing a product solution architecture to enable patient-optimized orthopedic implants at scale by combining 3D printing, advanced machine vision, AI and next-generation robotics. Monograms mBôs precision robotic surgical system is designed to autonomously execute optimized paths for high-precision insertion of its FDA-cleared mPress press-fit implants. The goal is well balanced better-fitting bone sparing knee replacements. The Company initially intends to produce and market robotic surgical equipment and related software, orthopedic implants, tissue ablation tools, navigation consumables, and other miscellaneous instrumentation necessary for reconstructive joint replacement procedures. Other clinical and commercial applications for the mBôs with mVision navigation are also being explored. Monogram has obtained FDA clearance for mPress implants and applied for 510(k) clearance for its robotic products. The Company is required to obtain FDA clearance before it can market its products. Monogram cannot estimate the timing or assure the ability to obtain such clearances. The Company believes that its mBôs precision robotic surgical assistants, which combine AI and novel navigation methods (mVision), will enable more personalized knee implants for patients, resulting in well balanced better-fitting knee replacements with bone sparing implants. Monogram anticipates that there may be other clinical and commercial applications for its navigated mBôs precision robot and mVision navigation. To learn more, visit www.monogramtechnologies.com . Forward-Looking Statements This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. For example, the Company's statement regarding the Company's proposed use of net proceeds is a forward-looking statement. Forward-looking statements, other than statements of historical fact, are highly likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under our control, and that the Company may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from any forward-looking statements as a result of a number of factors, including those described in the prospectus and the Company's other filings with the SEC. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release. Investor Relations Chris Tyson Executive Vice President MZ North America Direct: 949-491-8235 MGRM@mzgroup.us SOURCE: Monogram Technologies Inc. View the original on accesswire.com
Georgetown ventures out of D.C. for first time to face West VirginiaSEATTLE , Dec. 17, 2024 /PRNewswire/ -- Alaska Airlines is proud to announce new nonstop service between San Diego International Airport and Ronald Reagan Washington National Airport (DCA), becoming the only airline to offer this direct route and enhance connectivity to the nation's capital. Tickets will soon be available for purchase on www.alaskaair.com . On Tuesday, the U.S. Department of Transportation approved our application as part of the Federal Aviation Administration Reauthorization Act of 2024 to operate roundtrip service between San Diego and DCA. For nearly 40 years, we've proudly served San Diego with the exceptional and caring service that we're known for. We've connected our guests to DCA since 2001 and today offer nonstop service from Seattle , Portland , San Francisco and Los Angeles . "We are pleased the DOT sees the value of Alaska providing direct service between San Diego and DCA, and we thank the many leaders, local businesses and organizations who supported our bid," said CEO Ben Minicucci. "This new route reflects our commitment to San Diego , home of the nation's largest military community, and offers our guests a seamless travel option to our nation's capital." "Today is a great day for the San Diego Region with the announcement of a new, nonstop flight to Washington, D.C.'s Reagan National Airport. This flight will further connect our growing defense, research and innovation economies to our leaders in the Capitol," said San Diego Mayor Todd Gloria . "Securing this flight was a team effort by our partners from Alaska Airlines, the San Diego County Regional Airport Authority, and our congressional delegation. I especially want to thank U.S. Transportation Secretary Pete Buttigieg and FAA Administrator Mike Whitaker for selecting San Diego as one of the five new DCA flight slot recipients." As the carrier with the most nonstop destinations from San Diego , Alaska will offer 40 nonstop destinations and more than 70 peak-day departures when our new service to DCA begins. Together with our Global Partners, we offer one-stop service from San Diego International Airport (SAN) to more than 330 destinations.* Currently, SAN has the greatest number of passengers of any U.S. airport without service to DCA. Whether you're flying nonstop or catching a connecting a flight at SAN, www.alaskaair.com has options for what works best for you: you can book flights on 22 partner airlines or redeem Mileage Plan miles, all on our site. "We are very pleased Alaska Airlines has received approval to begin nonstop service between San Diego International Airport and Ronald Reagan Washington National Airport," said Kimberly J. Becker , president and CEO, San Diego County Regional Airport Authority. " San Diego has been the largest origin-destination market without service to Reagan National Airport and it has significant defense, biotech, and communications technology sectors that require efficient access to the core of the national capital region. This new nonstop route will greatly enhance the connectivity between these two strategic regions for business and our leisure passengers." Alaska's elevated travel experience offers a blend of comfort and caring service for a seamless journey, including no change fees, the most legroom in First Class* and Premium Class, satellite Wi-Fi and the most generous Mileage Plan with the fastest path to elite status. Savor the best of West Coast-inspired food and beverages, including complimentary snacks and chef-curated meals. With access to Alaska Lounge locations for members and First Class guests on flights more than 2,000 miles, you can unwind in ultimate comfort before take-off. Building off our newest Lounge in San Francisco , we're set to nearly double our footprint in 3 years. We recently announced a plan to continue expanding our Lounge program, including in San Diego and Honolulu , followed by a new world-class Lounge in Seattle to support international service. We'll begin with an expanded Anchorage Lounge early next year and open our new Portland Lounge in 2026. In September, we began adding more Premium Class seating across our mainline fleet, including our 900ERs, 800s and MAX9s. We plan to increase our 737-800 First Class seats from 12 to 16 to make it easy for our guests to upgrade and meet the demand for premium seating. In First Class, our new premium seating will provide a calf rest, new seatback device holder, 6-way headrest with neck support and USB-C charging capabilities. In our 737-800 Main Cabin and Premium Class, guests will continue to experience comfort and convenience at every seat with improved features, including new device holders with built in cup holders, USB-C charging and a 6-way headrest with dedicated neck support. About Alaska Air Group Alaska Air Group, Inc. is based in Seattle and comprised of subsidiaries Alaska Airlines, Hawaiian Holdings, Inc., Horizon Air and McGee Air Services. With our recent acquisition of Hawaiian Airlines, we now serve more than 140 destinations throughout North America , Central America, Asia and across the Pacific. We are committed to safety, remarkable customer care, operational excellence, financial performance and sustainability. Alaska Airlines is a member of the one world Alliance. With one world and our additional global partners, our guests have more choices than ever to purchase, earn or redeem on alaskaair.com across 30 airlines and more than 1,000 worldwide destinations. Book travel throughout the Pacific on Hawaiian Airlines at hawaiianairlines.com . Learn more about Alaska Airlines at news.alaskaair.com and Hawaiian Airlines at newsroom.hawaiianairlines.com/blog . Alaska Air Group is traded on the New York Stock Exchange (NYSE) as "ALK." View original content to download multimedia: https://www.prnewswire.com/news-releases/alaska-airlines-selected-to-connect-san-diego-and-ronald-reagan-washington-national-airport-with-nonstop-service-302334277.html SOURCE ALASKA AIRLINES
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