TORONTO and BOSTON, March 7, 2018 /PRNewswire/ -- Bionik Laboratories Corp. (OTCQB: BNKL) ("Bionik" or the "Company"), a robotics company focused on providing rehabilitation and assistive technology solutions from hospital to home for individuals with neurological and mobility challenges, today announced it has entered into an exclusive distribution agreement for the sale of its InMotion Robotic Systems in South Korea with Curexo. As part of the agreement, Bionik also becomes the exclusive distributor of Curexo's Morning Walk lower body rehabilitation technology within the United States.

The agreement between the two companies will provide Curexo with the exclusive right to market and sell Bionik's innovative robotic products in South Korea, including its InMotion ARM, InMotion HAND, and InMotion WRIST, which are all interactive robotic products that assist the patients' movement as they progress through their rehabilitation. Extensive clinical data on more than 1,000 patients has demonstrated that the InMotion robots provide more effective patient outcomes than traditional manual therapy alone. Initial orders for each company's technology will ship in the coming weeks.

Curexo is a manufacturer and importer of surgical and medical robots in South Korea, whose largest shareholders are Korea Yakult Corp. and Hyundai Heavy Industries. The agreement provides Bionik with the exclusive right to market and sell Curexo's Morning Walk lower body rehabilitation technology within the United States.
The Morning Walk is a gait training robot designed for the rehabilitation of people with walking impairments due to injury or illness. The unique body weight support system unloads the patient using an adjustable saddle seat design, which avoids the need for an uncomfortable and time consuming harness body weight support system. The end-effector design of the Morning Walk also enables more effective gait training by providing varied and progressively challenging walking experiences such as floor, ramp, and stair walking. This product can easily accommodate and effectively treat a large and diverse population of patients; from children to older adults and those with neurological to orthopedic impairments. Using interactive virtual reality software, therapy activities are designed to be motivating, engaging, and meaningful for patients undergoing rehabilitation.

"We are excited to enter into this agreement with Curexo, and to expand our global footprint throughout Asia and into South Korea," said Dr. Eric Dusseux, Chief Executive Officer of Bionik Laboratories. "Stroke is a tremendous detriment to the Asian community, and there is a great need for innovative therapeutic rehabilitation technologies to treat patients and help them regain their mobility. We believe Curexo is the right partner to penetrate the market, and work with to become the standard of care for stroke rehabilitation in South Korea. We also believe that the coming together of Curexo's innovative product for lower body rehabilitation empowers us to provide an even wider array of technology solutions within the United States. We are optimistic about the Morning Walk's prospects and committed to creating a long-term partnership with Curexo."

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