Following its recent partnership with Wistron Corporation, the Company is seeking to produce a home-type exoskeleton product with a lower price point that is more accessible to the average consumer. The goal will be to make these devices financeable, so the user pays a smaller monthly fee than normal cost of care – building a ramp, paying for nurses, wheelchair rental – would be for someone with a mobility injury.

"The continued evolution of our ARKE exoskeleton is important for our Company, as the market for assistive mobility products continues to grow at a rapid pace across the globe," said Peter Bloch, Chief Executive Officer and Chairman of the Board of Bionik. "Aside from the large number of citizens who have suffered injury, the global population is also aging rapidly, and those citizens will be in need of a home-based assistive product that can truly provide them the mobility that a wheelchair, cane, or crutches currently can't. We will continue to seek out partnerships and technological advancements that will enable us to serve that population on a mass consumer scale."


The Centers for Disease Control and Prevention estimates that nearly nine million people in the United States have a mobility challenge that requires assistive products – an estimated 2.2 million depend on a wheelchair, while an estimated 6.5 million use a cane, walker, or crutches. Globally, that market expands significantly, with The Wheelchair Foundation estimating that almost 132 million people globally have a physical disability and require a wheelchair for mobility.

About Bionik Laboratories

Bionik Laboratories (OTCQX:BNKL) is a robotics company focused on providing rehabilitation and mobility solutions to individuals with neurological and mobility challenges from hospital to home. The Company has a portfolio of products focused on upper and lower extremity rehabilitation for stroke and other mobility-impaired patients, including three products on the market and four products in varying stages of development. The InMotion Systems — the InMotion ARM™, InMotion Wrist™, InMotion Hand™ and InMotion AnkleBot™ — are designed to provide intelligent, patient-adaptive therapy in a manner that has been clinically verified to maximize neuro-recovery. Bionik is also developing a lower-body exoskeleton, ARKE™, designed to allow paraplegics as well as other wheelchair users the ability to rehabilitate through walking. ARKE is designed to continually adapt to a patient's ability and provide real-time feedback to the physiotherapist.

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