Catheter Precision Achieves Major Commercial Milestones with Cardinal Health, Johns Hopkins and the placement of the First VIVO System in Germany
Rhea-AI Summary
Catheter Precision (NYSE American: VTAK) reported key commercial milestones for its cardiac electrophysiology portfolio, including its first purchase order for the LockeT suture retention device placed through Cardinal Health, which services roughly 90% of U.S. hospitals via its medical products business.
The company also received an initial LockeT order from Johns Hopkins Hospital, a leading academic medical center, and signed its first placement contract for the VIVO 3D imaging system with a hospital in Germany, one of Europe’s largest electrophysiology markets, supporting its U.S. distribution and international expansion strategy.
Positive
- First LockeT order via Cardinal Health unlocks access to a distributor serving ~90% of U.S. hospitals
- Initial LockeT purchase by Johns Hopkins Hospital from a premier academic medical institution
- First VIVO system placement in Germany expands presence in a major European electrophysiology market
Negative
- None.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Aug 20 | Account growth update | Positive | -4.6% | Account growth announcement preceded a 4.64% decline. |
| Aug 11 | Partnership announcement | Positive | -5.5% | Founder and investor event partnership preceded a 5.54% decline. |
| Aug 06 | Revenue update | Positive | +3.8% | Preliminary July revenue announcement preceded a 3.8% gain. |
| Aug 04 | AI partnership | Positive | +4.6% | Flyte-Volato AI enterprise partnership preceded a 4.62% gain. |
| Aug 04 | AI platform launch | Positive | +4.6% | Volato AI launch with Flyte preceded a 4.62% gain. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent positive announcements produced three aligned gains and two divergent declines, indicating mixed historical follow-through.
Key Terms
electrophysiology medical
suture retention device medical
3d imaging system technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Received First LockeT Purchase Order Through Cardinal Health which serves approximately
Johns Hopkins Hospital, a world-renowned academic medical center, Places First Order for LockeT, VTAK’s suture retention device
Places its first VIVO 3D Imaging System with a hospital in Germany, one of the largest electrophysiology markets in Europe.
FORT MILL, S.C., Aug. 27, 2026 (GLOBE NEWSWIRE) -- Catheter Precision, Inc.’s (NYSE American: VTAK) medical device business unit specializing in cardiac electrophysiology solutions, today announced significant commercial growth across its LockeT and VIVO product lines, marked by new U.S. distribution channels, premier hospital adoption, and international expansion.
Key Commercial Highlights:
- Cardinal Health Strategic Reach: Catheter Precision received its first purchase order for LockeT via Cardinal Health. As one of the nation's largest distributors—servicing roughly
90% of U.S. hospitals—Cardinal Health provides LockeT a massive streamlined supply chain network across the U.S. healthcare market. - Johns Hopkins Adoption: The Company secured its first purchase order for LockeT from Johns Hopkins in Baltimore MD, validating the clinical value of the device within one of the world's premier academic medical institutions.
- German VIVO System Placement: Expanding its European footprint, Catheter Precision signed a new placement contract for its VIVO System in Germany, continuing its strategy to grow international use.
"These achievements highlight tangible progress across both our LockeT and VIVO product portfolios," said David Jenkins, Chief Executive Officer of Catheter Precision. "Securing our first Cardinal Health order grants us immediate access to an extensive domestic distribution network to drive broader market adoption. Concurrently, our milestone order with Johns Hopkins validates our clinical offering, while our new VIVO contract in Germany underscores steady international demand."
Jenkins added, "We are beginning to realize the returns on our commercial infrastructure investments. Our focus remains on driving multi-channel growth through expanded U.S. distribution, direct enterprise hospital relationships, and targeted international expansion. Catheter Precision remains committed to scaling its global footprint across top-tier health systems, physicians, and global distribution partners.”
About Catheter Precision, Inc.
Catheter Precision, Inc. (NYSE American: VTAK) is an innovative medical device company focused on developing breakthrough solutions for cardiac electrophysiology procedures. Its core product portfolio includes the VIVO™ system, a non-invasive 3D imaging platform designed to assist electrophysiologists in mapping cardiac arrhythmias, and LockeT, a suture retention device designed to assist in vascular closure post-procedure.
About LockeT
Catheter Precision’s LockeT® is a suture retention device indicated for wound healing by distributing suture tension over a larger area in conjunction with standard-of-care closure techniques. LockeT is intended to temporarily secure sutures and aid clinicians in locating and removing sutures efficiently. LockeT is a sterile Class I product registered with the FDA and has received CE Mark approval.
About VIVO
Catheter Precision’s VIVO™ (View Into Ventricular Onset) is a non-invasive 3D imaging system that enables physicians to identify the origin of ventricular arrhythmias prior to an electrophysiology procedure, potentially streamlining procedural workflow. VIVO has received marketing clearance from the U.S. FDA and carries the CE Mark.
About Catheter Precision
Catheter Precision, Inc. (NYSE American: VTAK) is an innovative U.S.-based medical device company focused on developing and commercializing technologies designed to improve the treatment of cardiac arrhythmias. The Company’s primary commercial products include the VIVO System and LockeT.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable federal securities laws. Forward-looking statements include statements regarding the potential commercial adoption of LockeT and VIVO, expansion of distribution channels, future product sales, hospital adoption, international expansion and the potential impact of the Company’s commercial strategy. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Readers are encouraged to review the Company’s filings with the Securities and Exchange Commission, including its Forms 10-K and 10-Q, for additional information regarding these risks.
Contact
Investor Relations
IR@catheterprecision.com
973-691-2000
