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11 Jul, 2019

Bioservo has entered distribution agreement for selling the all-new Ironhand® in France

Bioservo Technologies AB (publ) (Nasdaq First North: BIOS) has entered an exclusive distribution agreement for selling the all-new Ironhand® with GOBIO, a brand of EUROPE TECHNOLOGIES Group, for the French market. Within EUROPE TECHNOLOGIES, GOBIO has a management team and sales forces in place that have already gained experience in successfully selling exoskeletons for industrial applications and are well connected with relevant customers in France that fit the Bioservo commercialization strategy.

Petter Bäckgren, CEO Bioservo, commented: "We gladly welcome GOBIO to our broad set up in France as we are establishing distribution networks throughout Europe and the US. We now enter into agreements with experienced organizations that with the help of their vast networks will be great partners when marketing the all-new Ironhand® on their respective markets.”

Patrick Cheppe, CEO EUROPE TECHNOLOGIES, commented: “As a recognized leader of exoskeletons promotion and distribution in France for a broad set of industry segments, we are carefully selecting the best and most mature product solutions in order to provide our end-customers with a broad portfolio. We are proud to become a strong partner of Bioservo as we are convinced of the added value and benefits of the all-new Ironhand®.

Bioservo has previously entered an exclusive agreement in France with Loxam for renting out the all-new Ironhand®. This rental scheme was launched primarily to Eiffage and will be available throughout France for other companies from all industries and sectors.

Discussions are ongoing with distributors for additional markets and additional agreements are expected during 2019.

About Ironhand®
Bioservo’s soft robotic muscle strengthening system Ironhand® comprises a lightweight glove with a portable power pack worn like a backpack. Ironhand® can add up to 80 N to the wearer’s grip within milliseconds. In addition to that, it is equipped with smart data capabilities which makes it possible to digitalize ergonomic risk assessment as well as provide an adaptive performance to the operator over time. At the same time as it supports the wearer, it collects and analyzes data making it possible to evaluate and identify grip intense use cases that run a high ergonomic risk. The wearer is in full control of the system which helps to create a healthy and sustainable work environment.

About GOBIO
GOBIO is a trademark of the EUROPE TECHNOLOGIES group based in Nantes (France). GOBIO distributes a complete range of exoskeletons and produces its own zero gravity arms. Its solutions are aimed at the manufacturing, mechanical, agri-food, transport, infrastructure, public works, and logistics industries. The brand has among its customers well-known references such as RENAULT, ST MICHEL, VINCI, DECATHLON, etc.
WEBSITE:  www.gobio-robot.com 

About EUROPE TECHNOLOGIES
Created in 1992, EUROPE TECHNOLOGIES is private company today composed of nearly 350 employees for a turnover of 63M €. Dedicated to the manufacturing industry (aerospace, naval, defense, automotive, agri-food, etc.) the group offers, through its subsidiaries, the industrialization and manufacture of metal and composite parts, the design and production of robotic cells and customized machines integrating its own processes (parts finishing, cutting, welding, etc.) and finally international MRO services.

Located in France with multiple facilities, EUROPE TECHNOLOGIES also has a subsidiary in the USA (Alabama) and a subsidiary in CHINA (Hangzhou). The French subsidiaries of the group are: GEBE2 PRODUCTIQUE - ORATECH INNOVATION – SERVISOUD - SONATS and SONIMAT.
WEBSITE: www.europetechnologies.com

About Bioservo Technologies
Bioservo Technologies (publ) is a technology and development company that combines medical science with modern robotics. The company holds a leading global position within soft exoskeleton technology – wearable non-invasive devices – for people in need of extra power to optimise the body’s endurance and performance, or for people with reduced muscle strength.

After many years of research and development, Bioservo Technologies is now focused on a commercialisation of the company’s products and patented technologies. The gloves are well-suited to medical rehabilitation, and to preventive use in a variety of industrial applications. The company has signed strategic cooperation agreements with several multinational companies within e.g. the automotive, aviation as well as the construction and infrastructure industry.

Bioservo Technologies was founded in 2006 through a collaboration between researchers at the Royal Institute of Technology and doctors at Karolinska University Hospital in Stockholm. Bioservo Technologies is a Swedish public limited company with its headquarters and operations based in Kista, north of Stockholm. FNCA Sweden AB, +46(0)8-528 00399, info@fnca.se, is the company’s Certified Adviser on Nasdaq First North. To learn more, please visit www.bioservo.com.

For more information, please contact:

Petter Bäckgren
CEO
Tel.: +46 (0)8 21 17 10
petter.backgren@bioservo.com

Anett Grusser-Pettersson
International Business Development
Tel.: +46 (0)8 21 17 10
anett.pettersson@bioservo.com