{"id":739789,"date":"2023-03-14T08:03:53","date_gmt":"2023-03-14T12:03:53","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/tivic-cuts-final-assembly-production-costs-by-40-completes-first-key-supplier-qualification\/"},"modified":"2023-03-14T08:03:53","modified_gmt":"2023-03-14T12:03:53","slug":"tivic-cuts-final-assembly-production-costs-by-40-completes-first-key-supplier-qualification","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/tivic-cuts-final-assembly-production-costs-by-40-completes-first-key-supplier-qualification\/","title":{"rendered":"Tivic Cuts Final Assembly Production Costs by 40%, Completes First Key Supplier Qualification"},"content":{"rendered":"

<\/p>\n

Tivic Cuts Final Assembly Production Costs by 40%, Completes First Key Supplier Qualification<\/b><\/p>\n

SAN FRANCISCO–(BUSINESS WIRE<\/a>)–Tivic Health\u00ae Systems, Inc.<\/a> (\u201cTivic\u201d) (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.\n<\/p>\n

\nThe supplier qualification and successful first article inspection help confirm that Tivic\u2019s production process is under statistical control and produces safe, high-quality products in compliance with Tivic\u2019s specifications and applicable regulatory requirements.\n<\/p>\n

\n\u201cThis is an important advancement that supports our initiative to reduce costs and improve margins,\u201d said Ryan Sabia, COO of Tivic. \u201cWorking 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.\u201d\n<\/p>\n

About Tivic<\/b><\/p>\n

\nTivic 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<\/a> @TivicHealth.\n<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

This press release may contain \u201cforward-looking statements\u201d that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as \u201canticipate,\u201d \u201cbelieve,\u201d \u201ccontemplate,\u201d \u201ccould,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cseek,\u201d \u201cmay,\u201d \u201cmight,\u201d \u201cplan,\u201d \u201cpotential,\u201d \u201cpredict,\u201d \u201cproject,\u201d \u201ctarget,\u201d \u201caim,\u201d \u201cshould,\u201d \u201cwill\u201d \u201cwould,\u201d or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Tivic Health Systems, Inc.\u2019s current expectations and are subject to inherent uncertainties, risks, and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate.<\/i>Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. Given the existence of risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. For a discussion of certain risks and uncertainties, and other important factors, relevant to the company, any of which could cause Tivic\u2019s actual results to differ from those contained in the forward-looking statements, see Tivic\u2019s filings with the SEC, including, its Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on March 31, 2022, under the heading \u201cRisk Factors\u201d; its Registration Statement on S-1, filed with the SEC on October 26, 2022, and amendments thereto, under the heading \u201cRisk Factors\u201d; as well as the company\u2019s subsequent filings with the SEC. Forward-looking statements contained in this press release are made as of this date, and Tivic Health Systems, Inc. undertakes no duty to update such information except as required by applicable law.<\/i><\/p>\n

\n\u00a0\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230314005244\/en\/<\/a><\/span><\/p>\n

Media Contact:
\n<\/b>
Kayleigh Westerfield
\n
949-632-3439
\n
Kayleigh.Westerfield@tivichealth.com<\/a><\/p>\n

Investor Contact:
\n<\/b>
Hanover International, Inc.
\n
ir@tivichealth.com<\/a><\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Biotechnology Medical Devices Other Health Health Health Technology<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Tivic Cuts Final Assembly Production Costs by 40%, Completes First Key Supplier Qualification SAN FRANCISCO–(BUSINESS WIRE)–Tivic Health\u00ae Systems, Inc. (\u201cTivic\u201d) (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\u2019s production process is under statistical control and produces safe, high-quality products in compliance with Tivic\u2019s specifications and applicable regulatory requirements. \u201cThis is an important advancement that supports our initiative to reduce costs and improve margins,\u201d said Ryan Sabia, COO of Tivic. \u201cWorking with ALOM will allow us to decrease our third-party … <\/p>\n

Continue reading “Tivic Cuts Final Assembly Production Costs by 40%, Completes First Key Supplier Qualification”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-739789","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTivic Cuts Final Assembly Production Costs by 40%, Completes First Key Supplier Qualification - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tivic-cuts-final-assembly-production-costs-by-40-completes-first-key-supplier-qualification\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tivic Cuts Final Assembly Production Costs by 40%, Completes First Key Supplier Qualification - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Tivic Cuts Final Assembly Production Costs by 40%, Completes First Key Supplier Qualification SAN FRANCISCO–(BUSINESS WIRE)–Tivic Health\u00ae Systems, Inc. (\u201cTivic\u201d) (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\u2019s production process is under statistical control and produces safe, high-quality products in compliance with Tivic\u2019s specifications and applicable regulatory requirements. \u201cThis is an important advancement that supports our initiative to reduce costs and improve margins,\u201d said Ryan Sabia, COO of Tivic. \u201cWorking with ALOM will allow us to decrease our third-party … Continue reading "Tivic Cuts Final Assembly Production Costs by 40%, Completes First Key Supplier Qualification"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/tivic-cuts-final-assembly-production-costs-by-40-completes-first-key-supplier-qualification\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-14T12:03:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230314005244r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tivic-cuts-final-assembly-production-costs-by-40-completes-first-key-supplier-qualification\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tivic-cuts-final-assembly-production-costs-by-40-completes-first-key-supplier-qualification\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Tivic Cuts Final Assembly Production Costs by 40%, Completes First Key Supplier Qualification\",\"datePublished\":\"2023-03-14T12:03:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tivic-cuts-final-assembly-production-costs-by-40-completes-first-key-supplier-qualification\\\/\"},\"wordCount\":535,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tivic-cuts-final-assembly-production-costs-by-40-completes-first-key-supplier-qualification\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20230314005244r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tivic-cuts-final-assembly-production-costs-by-40-completes-first-key-supplier-qualification\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tivic-cuts-final-assembly-production-costs-by-40-completes-first-key-supplier-qualification\\\/\",\"name\":\"Tivic Cuts Final Assembly Production Costs by 40%, Completes First Key Supplier Qualification - 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