News | August 20, 2007

Viking to Acquire Tuebingen Scientific Medical

August 21, 2007 — Viking Systems Inc. a designer, manufacturer and marketer of high-performance laparoscopic vision systems announced it has signed a letter of intent to acquire Tuebingen Scientific Medical GmbH, a Germany-based developer of articulating surgical instrumentation for minimally invasive surgery (MIS).

Tuebingen Scientific Medical markets its instruments under the brand name 'Radius'. Terms of the transaction were not disclosed.

The acquisition of Tuebingen Scientific Medical would represent a strategic shift for Viking Systems designed to significantly expand its addressable market and accelerate the Company's revenue growth. The combination of Tuebingen Scientific Medical's 'Radius' family of articulating instruments and Viking Systems' 3Di Vision Systems would provide doctors, patients, and hospitals with a full solution designed specifically for complex minimally invasive surgery.

Completion of the transaction is subject, among other things, to negotiation and execution of a definitive agreement, due diligence, normal and customary closing conditions, and arrangement by Viking Systems of appropriate financing. In this connection, Viking is exploring financing options and assessing its entire capital structure to determine how best to structure its balance sheet, fund the acquisition and provide sufficient operating and growth capital. This assessment process will include discussions with holders of its current debt securities and preferred stock.

For more information: www.vikingsystems.com

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