ARGO Medical Technologies Announces Strategic Partnership with YASKAWA Electric Company

  ARGO Medical Technologies Announces Strategic Partnership with YASKAWA
  Electric Company

 Major investment by YASKAWA kicks off next phase of global expansion for the
                             ReWalk™ exoskeleton

Business Wire

DUSSELDORF, Germany -- September 25, 2013

ARGO Medical Technologies has partnered with innovative robotics experts
YASKAWA Electric Corporation as it continues the global expansion of its
ReWalk exoskeleton device which enables individuals with lower limb
disabilities such as paraplegia to walk. YASKAWA has made a significant
capital investment into the ReWalk exoskeleton technology and will also serve
as the exclusive distributor for the ReWalk in Japan, China, Singapore,
Taiwan, Thailand, and Korea.

“This strategic partnership will bring significant value through the synergy
of YASKAWA’s technology in the general field of robotics combined with our
expertise in the human factors and treatment of spinal cord injuries,” said
ARGO CEO Larry Jasinski. “We look forward to this mutually beneficial
partnership as we enter a new phase of development and growth.”

This recent investment by YASKAWA is the largest single investment as ARGO
closes its most recent round of fundraising which marks its largest to date.
The new funding and partnership with YASKAWA will help advance the ReWalk
infrastructure and technology for users and support company growth with the
expansion of research and development and enhanced design to streamline
manufacturing.

“I am proud to be part of such a transformative company and watch it evolve
from the vision of Dr. Amit Goffer who was inspired to develop the ReWalk
based on his own personal story, to what is now a global exoskeleton leader,”
said ARGO Chairman and SCP Vitalife Managing Partner Jeff Dykan. “We are
excited about this strategic partnership with YASKAWA as ARGO continues to
expand its global commercialization capabilities and bring the ReWalk to many
more potential users around the world.”

“Robotics has the potential to change the world of healthcare and
rehabilitation, and ARGO’s knowhow in the field will allow us to contribute to
quality of life improvements of people around the world," said YASKAWA CEO
Junji Tsuda. "We are looking forward to developing and expanding this
strategic partnership in the years to come as we strive to achieve the goals
we set for ourselves in our Vision 2015.”

ARGO currently offers two ReWalk models – the ReWalk Personal, currently
available in Europe and Israel and pending FDA review in the US; and the
ReWalk Rehabilitation which is now available in Europe, Israel and the United
States. Both models are designed to provide a customized user experience with
on-board computers and motion sensors that restore self-initiated walking
without needing tethers or switches to begin movement.

About ARGO Medical Technologies

ARGO Medical Technologiesdevelops, manufactures and markets walk restoration
devices for people with lower limb disabilities. The company'sReWalk™
exoskeleton allows an ambulation and rehabilitation alternative to wheelchair
users, enabling people with lower limb disabilities, such as paraplegia, to
stand and walk independently. ARGO is led by a team of experts in the fields
of rehabilitation devices, control and computer sciences with decades of
combined experience in R&D, engineering, manufacturing and global
commercialization of advanced medical equipment. The company is assisted by
renowned international experts in the fields of medicine, biomedical
engineering, robotics and marketing. Founded in 2001 in Israel, ARGO is today
an international company with headquarters in the US, Germany and Israel. For
more information, please visit http://www.rewalk.com.

About YASKAWA Electric Corporation

YASKAWA is a world-leading manufacturer of industrial robots, servo and
inverter drives. Ever since its incorporation in 1915, the company’s
philosophy has been to contribute to the progress and wellbeing of society by
developing, manufacturing and marketing products of the highest quality. These
core values, along with its strong investment focus on research and
development has made YASKAWA the global market leader it is today. In its
“Vision 2015” YASKAWA has set goals to create a market for robots that work
closer and co-exist with humans in the “Robotics Human Assist” business
domain, develop solutions for renewable energies in the “Environmental &
Energy” business domain, while constantly expanding its global scope of
operations in its core “Mechatronics Solution” business domain. For more
information, please visit http://www.yaskawa.co.jp/en/.

Contact:

For ARGO Medical Technologies
Kristen Cullen, 617-391-9622
kcullen@rasky.com
 
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