Tivic Health Systems, Inc. Cuts Component Manufacturing Costs by 70%, Completes Second Key Supplier Qualification
Tivic Health Systems, Inc. (TIVC)
Company Research
Source: Business Wire
SAN FRANCISCO--(BUSINESS WIRE)--Tivic Health® Systems, Inc. (“Tivic”) (Nasdaq: TIVC), a commercial-phase health technology company that develops and commercializes bioelectronic medicine, today announced it has completed the supplier qualification and first article inspection of Microart Services, Inc., one of two new partners announced in Q4 of 2022.The supplier qualification and successful first article inspection help confirm that Tivic’s production process is under statistical control and produces safe, high-quality products in compliance with Tivic’s specifications and applicable regulatory requirements.“Working with Microart has allowed us to reduce our printed circuit board manufacturing costs by 70% and increase production capacity by 25X,” said Ryan Sabia, COO of Tivic. “We expect that this will be an accelerator for scalable growth.”Tivic’s partnership with two new suppliers, Microart and ALOM, has resulted in:Up to a 30% reduction in 3PL costsA 40% reduction in final as
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News
- Tivic Health Systems, Inc. (NASDAQ:TIVC) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Tivic Health Systems Full Year 2023 Earnings: US$10.40 loss per share (vs US$104 loss in FY 2022) [Yahoo! Finance]Yahoo! Finance
- GOEV, NBSE and FLGC among pre-market losers [Seeking Alpha]Seeking Alpha
- Tivic Reports Fiscal Year 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
- Tivic Reports Fiscal Year 2023 Financial ResultsBusiness Wire
TIVC
Sec Filings
- 3/29/24 - Form S-1
- 3/25/24 - Form 8-K
- 3/25/24 - Form 10-K
- TIVC's page on the SEC website