“In 2020, despite the challenging conditions caused by the COVID-19 pandemic, we remained committed to our path of a sustainable growth, aimed at creating value for all our Stakeholders.
We continued to develop new products and solutions with the aim of improving patient wellbeing and facilitating the work of medical professionals, healthcare administration and logistics staff. In 2020 over 30 new products across our business lines were cleared. Among them I would like to mention NextARTM, our Augmented Reality-Based Surgical Platform with its first application for Total Knee Replacement. This surgical platform perfectly fits with our strategy to allow potential benefits for both Patients and the Healthcare systems thanks to NextAR surgical accuracy and limited upfront capital investment and reduced cost per case compared with other technologies.
During the year, we significantly expanded our online educational activities through the launch of the M.O.R.E. in Touch program, a series of webcasts and web-based events discussing current topics in orthopedics. This program allowed to connect expert physicians from all over the world, making top-level medical education available everywhere and at any time.
We continued to maintain a constant dialogue with our employees, who continued to show a high level of commitment and dedication to manage the crises generated by the pandemic and to execute our strategy. We firmly believe that Medacta’s culture is a key for sustainable success, actively contributing to our growth. Therefore, our #beMedcata campaign was expanded worldwide and subsequently we updated our Group Performance Review system according to our values. A long-term incentive plan for our Group Executive Management and selected key managers and employees will enhance and reward loyalty of our people. The plan will provide the eligible employees with an opportunity to become shareholders of the Company and hence align their interest to those of our existing Shareholders. Furthermore, we intend to adopt a succession plan for our key people and key positions worldwide in 2021.
Our initiatives to protect the environment include a reduction of CO2 emissions, a continued replacement of traditional lights by LED lights, a further improvement of efficiency in the heating systems of our production facilities and the complete elimination of fuel oil at the end of the year. Our initiatives aimed at protecting the environment include the utilization of 100% green energy in our manufacturing plants since 2021.
Furthermore, our Foundation supported many charitable and social projects, including initiatives aimed at protecting the rights of children and young people and helping people in a distressful situation. In 2021 we will continue our engagement on the social community through our Foundation, including our support to humanitarian initiatives worldwide, as soon as the pandemic conditions will allow for it.”
Francesco Siccardi, CEO of Medacta