Supply and License Agreement

Aortech International PLC 20 March 2006 For Immediate Release 20 March 2006 AorTech International plc ('Aortech' or the 'Company') Exclusive Supply and License Agreement with St Jude Medical AorTech International plc (AIM:AOR), the biomaterials intellectual property and licensing company, today announces that it has signed an exclusive licence and supply agreement with St. Jude Medical (NYSE: STJ) for the use of AorTech's Elast-EonTM bio-material in the field of cardiac rhythm management leads. The terms of the agreement include an initial upfront payment of $2 million to AorTech, and optional payments of scheduled licence maintenance fees are payable over the next two years. The agreement relates to material supply and the grant of exclusive rights to AorTech's proprietary technology Elast-EonTM in the fields of implantable cardiac rhythm management leads and implantable neuromodulation devices. No additional terms of this agreement were disclosed. Frank Maguire, AorTech CEO, commented: 'The completion of this agreement with one of the world's leading medical device companies represents the culmination of several years of collaborative work with St. Jude Medical on ensuring the reliability and superior performance of Elast-EonTM through a stringent regime of rigorous testing. In addition with this agreement our new manufacturing facility will commence operations at commercial scale. 'I remain confident that our Elast-EonTM bio-material represents a new material technology platform for a wide range of implantable devices and the conclusion of our agreement with St. Jude Medical represents the first significant step in that process.' For further information please contact: AorTech International plc Frank Maguire, Chief Executive Tel: + 1 801 201 4336 Buchanan Communications Tel: + 44 20 7466 5000 Ben Willey / Rebecca Skye Dietrich About AorTech AorTech International plc, is an AIM (Alternative Investment Market), London listed company which wholly owns AorTech Biomaterials based in Melbourne, Australia. AorTech Biomaterials was formed in July 1997 to commercialise a range of medical grade polyurethanes for medical implants developed by the Commonwealth Scientific and Industrial Research Organisation (CSIRO). Visit AorTech's website at: www.aortech.com This information is provided by RNS The company news service from the London Stock Exchange
UK 100

Latest directors dealings