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21 Aug, 2018

Bioservo receives an initial order regarding Ironhand from existing international customer in the automotive sector

Bioservo Technologies has received an order regarding delivery and implementation of the Ironhand-system, worth approximately 900k SEK. The buyer is an international car manufacturer. After successful tests and evaluation of Bioservo’ s technology, this customer has chosen to start the implementation of the Ironhand-system in their factories. The order is the first one regarding Ironhand as a product.  

Ironhand is the world’s first soft robotic muscle strengthening system. Ironhand strengthens the worker’s grip and support their lack of endurance. It has the potential to prevent strain injuries in repetitive work operations. 

“It is very gratifying that we will now start the implementation of our technology in an international  organization. It is proof that we have a strong offer. Ironhand gives a clear advantage in the work environment through its combination of power amplification in demanding operations and digitization in terms of ergonomic risk assessment to discover the risk of strain injuries”, says Erik Landgren, CEO Bioservo Technologies.

Delivery and implementation is expected to start in September.

This press release contains such information that Bioservo Technologies AB (publ) is required to publish in accordance with the EU Market Abuse Regulation. The information was published for public disclosure on 21 August 2018, at 13:00 CET through the agency of the contact persons set out below.

 

About Bioservo Technologies AB

Bioservo Technologies (publ) is a technology and development company that combines medical science with modern robotics. The company has a leading global position within soft exoskeleton technology, wearable non-invasive products, for people in need of extra power to support the body's endurance and performance, or for people with reduced muscular strength.

After many years of research and development, Bioservo Technologies now focus on the commercialization of its products and patented technologies. The developed gloves are well suited for both rehabilitation within health and medical care and preventively for professionals in the industry. The company has signed strategic cooperation agreements with several multinational companies within e.g. the automobile, aircraft 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 company with headquarters and operations in Kista, north of Stockholm. FNCA Sweden AB is the company's Certified Adviser on Nasdaq First North.

For more information, please visit www.bioservo.com

Bioservo Technologies AB Press Contacts

Erik Landgren                                                                                      

CEO                                                                                                      

Tel.: +46 (0)73 227 00 51                                                                

erik.landgren@bioservo.com  

Anett Grusser-Pettersson  

Associate Director Marketing  

Tel.: +46 (0) 70 795 34 81                                                  

anett.pettersson@bioservo.com