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company > investor relations > company timeline
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December 4, 2001
Dr. Gordon Christensen challenges the market to build a better handpiece because of universal frustration dentists’ feel regarding lack of power and reliability of air turbine handpieces.
Fall, 2002
TTi commences development of prototype products.
Summer, 2004
Strategic Dental Marketing (SDM) validates market opportunity.
Fall, 2004
First round of financing $1.75M, TTi valuation $4.375M.
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Summer, 2005
TTi acquires The Handpiece Clinic, one of Canada’s largest independent handpiece service centers.
Meisinger chosen as bur partner.
Fall, 2005
2nd round of funding for $2.1M, valuation $13M.
Winter, 2006
ProDrive Upgrade Turbine prototype testing.
3rd round of funding launched ($5M), valuation increases to $17.3M.
Spring, 2006
Production manufacturing commences.
Upgrade Turbine meets ISO and regulatory tests. Health Canada Certification. Initial clinic testing confirms product appeal.
Established distribution agreement with High Speed Service, America’s largest handpiece maintenance provider.
Spring/Summer, 2006
ProDrive receives FDA & Health Canada certifications.
Spring, 2007
Midwest component distribution agreement.
TTi acquires High Speed Service, North America’s largest handpiece service provider.
ProDrive wins the 20th Annual Excellence in Design competition for the medical device category.
All the latest news and developments for ProDrive can be found on our Press Releases page.
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