Tivic Cuts Final Assembly Production Costs by 40%, Completes First Key Supplier Qualification
SAN FRANCISCO–(BUSINESS WIRE)–$TIVC #healthcare—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 ALOM, 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.
“This is an important advancement that supports our initiative to reduce costs and improve margins,” said Ryan Sabia, COO of Tivic. “Working with ALOM will allow us to decrease our third-party logistics costs by up to 30% and we have reduced our overall final assembly production costs by 40% per unit.”
About Tivic
Tivic Health Systems, Inc. is a commercial-phase health technology company delivering non-invasive bioelectronic treatments that provide consumers with a choice in the treatment of inflammation and certain other related conditions. For more information visit https://tivichealth.com @TivicHealth.
Forward-Looking Statements
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Contacts
Media Contact:
Kayleigh Westerfield
949-632-3439
Kayleigh.Westerfield@tivichealth.com
Investor Contact:
Hanover International, Inc.
ir@tivichealth.com