The deal allows Micron to be the sole producer of NEO’s adaptable and FDA-approved orthopedic implant designs.

Micron Products president and CEO Salvatore Emma said: "We are pleased to be the exclusive manufacturer of NEO orthopedic implants as they introduce their cost effective designs to a rapidly expanding market.

"NEO has developed a strong reputation for innovative knee, hip and spine component and system designs."

Micron noted that it is expecting to fulfill orders for NEO in the latter half of 2015.

NEO president and CEO Craig Corrance said: "NEO’s knee systems are designed to increase flexion stability while optimizing patellar tracking, rollback and rotation and also focus on minimizing lateral retinacular tightness."

Micron Products develops and markets components, devices and equipment for medical, military, law enforcement, industrial and automotive applications.