Ekso Bionics(TM) Joins Center for Sensorimotor Neural Engineering as Industry Partner
May 28 2014 - 7:00AM
Ekso Bionics Holdings, Inc. (OTCQB:EKSO), a robotic exoskeleton
company, announced today they have been accepted by the Center for
Sensorimotor Neural Engineering (CSNE) as an industry partner. Ekso
Bionics and CSNE will work together to enrich the human machine
interface and enhance potential neural interface to create links
between the nervous system and the outside world. The Company joins
a distinguished network of research partners including Microsoft,
Intel and Medtronic. Ekso Bionics will collaborate with these
existing partners in support of CSNE's ultimate goal to merge
education, research and innovation to rapidly advance technology
and remain competitive in a global economy.
The Center for Sensorimotor Neural Engineering is based at the
University of Washington in Seattle and is one of 20 Engineering
Research Centers (ERC) across the country. ERCs promote
partnerships across industries and universities to create a method
of engineering research and education that integrates discovery
with technological innovation. This complementary approach
facilitates the translation of technology to marketable products
and aims to produce graduates who will be U.S. innovators in a
competitive economy. As part of an ERC, CSNE is additionally
supported by the National Science Foundation, who has also been a
supporter of Ekso Bionics.
"Ekso Bionics has strong foundations in the lab environment and
we understand the challenges that come along with the desire to
develop a new machine interface. Eighty percent of your time is
spent on hardware development, ten percent in debugging, which
leaves just ten percent of your time to do what you actually want
to do - the research. Our exoskeleton platform enables CSNE to
devote most of their time to research on the human machine
interface" says Ekso Bionics co-founder Russ Angold. "It makes
sense for Ekso Bionics to collaborate in an environment that
affords us recruiting opportunities and the ability to sponsor
directed research."
Rajesh Rao, director of the Center for Sensorimotor Neural
Engineering and associate professor of Computer Science &
Engineering at the University of Washington adds "Our expertise in
decoding and interpreting brain signals is a perfect complement to
Ekso Bionics' expertise in robotics and creating exoskeletons used
in rehabilitation." Rajesh is currently working on several projects
including brain-computer interface (BCI) control for a mobile
robot.
Ekso Bionics designs, develops, and commercializes exoskeletons,
or wearable robots, which have a variety of applications in the
medical, military, industrial, and consumer markets. Exoskeletons
are ready-to-wear, battery-powered robots that are strapped over
the user's clothing, enabling individuals to achieve mobility,
strength, and endurance not otherwise possible. Ekso Bionics' lead
product, EksoTM, is a wearable bionic suit that enables individuals
with any amount of lower extremity weakness to stand up and walk
over ground. Ekso is forging a new frontier in rehabilitation for
people living with the consequences of stroke, spinal cord injury
and other neurological conditions affecting gait.
About Ekso Bionics
Since 2005, Ekso Bionics has been pioneering the field of
robotic exoskeletons, or wearable robots, to augment human
strength, endurance and mobility. The company's first commercially
available product called Ekso has helped thousands of people living
with paralysis take millions of steps not otherwise possible. By
designing and creating some of the most forward-thinking and
innovative solutions for people looking to augment human
capabilities, Ekso Bionics is helping people rethink current
physical limitations and achieve the remarkable.
Ekso Bionics is headquartered in Richmond, CA and is listed on
the OTC QB under the symbol EKSO. To learn more about Ekso Bionics
please visit us at www.eksobionics.com
Facebook: www.facebook.com/eksobionics Twitter: @eksobionics
YouTube: http://www.youtube.com/user/EksoBionics/
Forward-Looking Statements
Any statements contained in this press release that do not
describe historical facts may constitute forward-looking
statements. Forward-looking statements may include, without
limitation, statements regarding (i) the plans and objectives of
management for future operations, including plans or objectives
relating to the design, development and commercialization of human
exoskeletons, (ii) a projection of income (including income/loss),
earnings (including earnings/loss) per share, capital expenditures,
dividends, capital structure or other financial items, (iii) the
Company's future financial performance and (iv) the assumptions
underlying or relating to any statement described in points (i),
(ii) or (iii) above. Such forward-looking statements are not meant
to predict or guarantee actual results, performance, events or
circumstances and may not be realized because they are based upon
the Company's current projections, plans, objectives, beliefs,
expectations, estimates and assumptions and are subject to a number
of risks and uncertainties and other influences, many of which the
Company has no control over. Actual results and the timing of
certain events and circumstances may differ materially from those
described by the forward-looking statements as a result of these
risks and uncertainties. Factors that may influence or contribute
to the inaccuracy of the forward-looking statements or cause actual
results to differ materially from expected or desired results may
include, without limitation, the Company's inability to obtain
adequate financing, the significant length of time and resources
associated with the development of our products and related
insufficient cash flows and resulting illiquidity, the Company's
inability to expand the Company's business, significant government
regulation of medical devices and the healthcare industry, lack of
product diversification, volatility in the price of the Company's
raw materials, existing or increased competition, results of
arbitration and litigation, stock volatility and illiquidity, and
the Company's failure to implement the Company's business plans or
strategies. These and other factors are identified and described in
more detail in the Company's filings with the SEC, including, the
Company's Current Report on Form 8-K/A filed on March 31, 2014 and
the Company's latest Form 10-Q filed on May 13, 2014. The Company
does not undertake to update these forward-looking statements.
CONTACT: Media Contact:
Heidi Darling, Marketing Manager
Phone: 415.302.4777
hdarling@eksobionics.com
Investor Contact:
Lauren Glaser, Vice President
Phone: 646.378.2972
lglaser@troutgroup.com
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