Novocure Announces Long-Term Supply Agreement With ITT Corporation for Ceramic Sensor Technology
PORTSMOUTH, N.H., Aug. 4, 2011 /PRNewswire/ -- Novocure, a commercial stage private oncology company, announced today that it has entered into a long-term supply agreement with ITT Electronic Systems, a subsidiary of global engineering and manufacturing conglomerate ITT Corporation (NYSE: ITT). ITT Electronic Systems supplies Novocure with the piezoelectric ceramic components used to manufacture the disposable electrodes for the NovoTTF-100A System, an FDA approved device indicated for the treatment of adult patients with recurrent glioblastoma brain tumors (GBM).
"The NovoTTF-100A System is a highly engineered therapeutic medical device that must consistently perform within precise operating parameters," said Mike Ambrogi, Novocure's COO. "ITT Electronic Systems was able to adapt piezoelectric ceramic electrode sensing technology from an advanced military application to meet our rigorous technical specifications."
The NovoTTF-100A System consists of an electronic field generator, disposable electrodes, and related accessories. The disposable electrodes utilize piezoelectric ceramic components from ITT Electronic Systems' facility located in Salt Lake City, Utah that were originally developed to provide underwater sensing capabilities for US Navy anti-submarine forces. The NovoTTF-100A electrodes integrate high tolerance sensors that ensure the NovoTTF-100A System delivers electric fields to target tissues within parameters known to be safe and therapeutically effective and are insulated to prevent transmission of electric currents. The electrodes are used by patients over multiple days and then discarded and replaced.
"The electrodes are among the most technically advanced components of the NovoTTF-100A System and Novocure will benefit from the extraordinary engineering and manufacturing capabilities of ITT Electronic Systems," said Asaf Danziger, Novocure's CEO. "We can now scale production of the NovoTTF-100A electrodes to satisfy the ant