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Exoskeleton business news and articles.

Ekso Bionics 1-for-7 Reverse Split, Eyes Listing On NASDAQ

May 9, 2016 // 2 Comments

The California-based exoskeleton manufacturer, Ekso Bionics, entered a 1-for-7 reverse stock split on Wed, May 4th, 2016.  This comes only 6 days before its scheduled 1st Quarter of 2016 financial report.  Many in the financial community have already predicted this would happen.  Ekso stock has traded at or below the important $1.00 per share [more]

SuperFlex Spin-Off From SRI, Bay Area Becomes Exoskeleton Hub

April 26, 2016 // 0 Comments

SuperFlex is now the newest spin-off company of SRI Robotics, part of SRI International.  For the time being, SuperFlex will be the name of the company and their flagship exoskeleton/exosuit product.  Creating spin-off companies is a regular activity for SRI Robotics and it shows that enough people believe the FlexSuit is ready for commercial [more]

Ekso GT Cleared by FDA For Clinical Use

April 12, 2016 // 0 Comments

The Ekso GT by Ekso Bionics has finally been cleared by the FDA for clinical use.  The company received clearance to market its exoskeleton for use in rehabilitation centers for the treatment of individuals with hemiplegia due to stroke, individuals with spinal cord injuries at levels T4 to L5, and individuals with spinal cord injuries at levels [more]

Indego Cleared By FDA For Clinical And Personal Use

March 11, 2016 // 0 Comments

There is a great disturbance in the exoskeleton industry.  We have a new exoskeleton approved by the FDA for personal use: The Indego by Parker Hannifin. The Indego exoskeleton has been approved by the US Food and Drug Administration, FDA for both clinical and personal use in the United States.  The Indego exoskeleton targets primarily people [more]

Bionik Laboratories Merger Agreement With Interactive Motion Technologies, Inc. (IMT)

March 8, 2016 // 0 Comments

Bionik Laboratories, maker of the ARKE lower body exoskeleton has entered in a merger agreement to acquire Interactive Motion Technologies, a spin-off from MIT.  Interactive Motion Technologies (IMT) specializes in wearables and exoskeletons for neurorehabilitation.  IMT focuses mostly in upper body rehabilitation.  Their main product line [more]

Ekso Bionics Stock Sinks Under $1, It Should Rebound

January 12, 2016 // 1 Comment

Throughout the entire 2015 the Ekso Bionics stock was bouncing off a $1.00 valuation acting as a support.  In the beginning of the 2016 calendar year the panic surrounding the Chinese market sunk the Ekso Bionics stock below its support and after several days it still hasn’t recovered.  This could be the end of one of the largest and most [more]

ReWalk Robotics Stock Before And After VA Coverage

December 21, 2015 // 0 Comments

The US Department of Veterans Affairs  (VA) has issued a national coverage policy for robotic exoskeletons for qualifying veterans with spinal cord injury.  Subsequently, the ReWalk Robotics stock price doubled, and even nearly tripled for a few minutes from the weekly stock low.  But if you haven’t invested in the company or if you sold [more]

In An Aggressive Move, Ekso Bionics Acquires zeroG™ Technology

December 5, 2015 // 0 Comments

In an incredibly bold move, Ekso Bionics has acquired the spring-loaded zeroG™ and X-Ar™ mechanical arms from Equipois, LLC.  The zeroG™ is currently used for virtually every single prototype exoskeleton for industrial use!  This is a very bold move by Ekso Bionics that could hurt the company’s image, finances and relationship with [more]

HAL for Medical Use Exoskeleton To Be Sold As Medical Device In Japan

December 3, 2015 // 0 Comments

The HAL lower limb rehabilitation exoskeleton for medical use (HAL® for Medical Use) has been approved to be manufactured and sold as a Medical Device by the Japanese Ministry of Health, Labour and Welfare.  This is a great success for the Japanese company CYBERDYNE which is one of the oldest commercial entities to specialize exclusively with [more]

Able Bionics Wins Big In The Dragons’ Den

November 3, 2015 // 0 Comments

Historically, companies that specialize exclusively in exoskeleton technology have had difficulty acquiring venture capital.  This October, Able Bionics founder Mitch Brogan went on the Canadian Broadcasting Corporation, a popular Canadian television network, and did exactly that!  Mitch Brogan went up in front of the Dragons, five Canadian [more]

Reducing The Cost Of Exoskeleton Devices

September 2, 2015 // 5 Comments

The exoskeleton industry has a very long way before it can reach its market potential.  Current commercial exoskeleton devices tend to be slow, cumbersome, with the degree of usefulness still up for debate.  For example, an exoskeleton can help a person lift an extremely heavy object, but now the user has to lug around a heavy metal robot that [more]

ExoAtlet Candidates For New Funding, Spotlight Gets Stolen

May 5, 2015 // 1 Comment

The Russian Skolkovo Foundation and the Chinese Cybernaut Investment Group have signed a cooperation agreement on April 21st, 2015.   Under the new accordance, three major clauses will be executed starting Q3 2015: A new 1,500 square meter (161,000 square feet) R&D incubator will be established in Skolkovo Innovation Center (right outside [more]

WinterGreen Research Publishes New Exoskeleton Market Report

April 6, 2015 // 0 Comments

On April 2nd, 2015, WinterGreen Research published a new Exoskeleton Market Report.  The report predicts a rise in the exoskeleton robotic rehabilitation market from $16.5 million in 2014 to $2.1 billion by 2021.  The primary share of the predicted market value appears to be composed of predominantly or entirely out of exoskeletons for [more]

ReWalk Robotics plans India launch of walking device by second quarter – Reuters

March 29, 2015 // 2 Comments

ReWalk Robotics plans India launch of walking device by second quarter — Reuters India (@ReutersIndia) March 27, 2015   The above article does a great job summarizing the current state of ReWalk and the importance this development could have on the company’s financial performance.  ReWalk’s stock has been [more]

FDA Classifies Exoskeletons as Class II

March 7, 2015 // 1 Comment

The Department of Health and Human Services, Food and Drug Administration (FDA) announced on February 24th, 2015 that all powered exoskeletons will be classified as Class II devices. Taken directly from the FDA website: FDA classifies medical devices based on the risks associated with the device. Devices are classified into one of three [more]

Private US Insurer Reimburses ReWalk

February 8, 2015 // 0 Comments

ReWalk Robotics has announced their first reimbursement from a private U.S. insurer through a Worker’s Compensation Plan.  This not only marks a huge first step for the FDA-approved ReWalk Exoskeleton but also the beginning of mass proliferation of exoskeletons in the US. You can read the full article bellow or on the ReWalk website: [more]

TechNavio Publishes Exoskeleton Market Report

February 8, 2015 // 0 Comments

TechNavio, a research and advisory company with over 200 analysts, has published an in-depth market analysis on the global exoskeleton system market.  The full 56 pages report, Global Exoskeleton System Market 2015-2019, can be purchased from the TechNavio website for $2500.  The publicly previewed material from the report contains a great deal [more]
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