Bionik Laboratories’ InMotion® Robotic Devices on Display at the Korea International Medical & Hospital Equipment Show (KIMES)

Rhea-AI Summary

Bionik Laboratories Corp (OTC-PINK: BNKL) will showcase its InMotion® Robots at the Korea International Medical & Hospital Equipment Show (KIMES) from March 23-26, 2023. Partnering with Curexo, the exclusive distributor in South Korea, Bionik aims to demonstrate their innovative technology for stroke recovery. The InMotion® Robots allow patients to perform 600-1,000 movements per hour, significantly enhancing rehabilitation outcomes. Recent studies indicate a 15-20% improvement in patients over a two-week period. Bionik continues to expand in the Asian market, having received regulatory approval from the South Korean Ministry of Food and Drug Safety in 2020.

Positive

• Showcasing InMotion® Robots at KIMES, enhancing visibility.
• Partnership with Curexo strengthens distribution in South Korea.
• InMotion® devices show significant rehabilitation improvement rates (15-20%).
• Regulatory approval from South Korean Ministry of Food and Drug Safety supports market entry.

Negative

• None.

Through the Company’s continued work with Curexo, its exclusive distribution partner for South Korea, Bionik will be featured as part of the show’s focus on the future of the medical industry

BOSTON--(BUSINESS WIRE)-- Bionik Laboratories Corp. (OTCPINK: BNKL), a robotics company providing neurological functional recovery solutions to stroke survivors and others with functional and mobility challenges, offering its technology to therapists directly and offering services to patients in its clinical centers, today announced its InMotion® Robots will be on display at the Korea International Medical & Hospital Equipment Show (KIMES) from March 23 – March 26, 2023. Through the Company’s exclusive distribution partner Curexo in South Korea, attendees looking for innovative medical technologies will be able to demo the devices live and learn more about their role in recovery following a stroke and other neurological conditions.

Curexo, a recognized leader in medical device distribution and Bionik’s distribution partner in South Korea, continues to penetrate the Asian market on behalf of Bionik. The Company received regulatory approval for the InMotion® robotics technology from the South Korean Ministry of Food and Drug Safety in early 2020. Curexo’s recent sales and installations of the InMotion® devices in South Korea included Pusan National University’s Yangsan Hospital (PNUYH), Seoul National University Hospital (SNUH), Myongji Choonhye Hospital, and various Veteran’s hospitals.

Bionik’s fleet of InMotion® Robots for rehabilitation following a stroke help patients to regain arm and hand movement. Where conventional therapy alone can only allow patients to do 30-60 repetitive movements an hour, the InMotion® devices have patients completing 600 - 1,000 movements an hour. The robotic device assists patients as needed while it measures the position, speed and acceleration to adjust to the patient’s needs during that session. In a recent whitepaper, Using Data Analytics to Quantify InMotion Robotic Systems’ Impact on Neuroplasticity, improvement rates of patients utilizing InMotion® robotic devices measured upwards of 15-20% over a 14-day time-frame.

“We value our long-standing partnership with Curexo, and their commitment to bring advancements in stroke recovery care to the South Korea market,” said Richard Russo Jr., CEO of Bionik Labs. “Our data-driven robotic therapy system has been featured in published research within dozens of medical journals, pointing to its effectiveness. We look forward to continuing to bring Bionik’s proven therapeutic gains to Curexo’s customers in the years ahead.”

Curexo will be showcasing Bionik’s InMotion® devices at KIMES in their booth, located at 3F, Hall C, #C200. To learn more about KIMES 2023, please visit here: https://kimes.kr/eng/. To learn more about Bionik and its InMotion® devices, please visit here. https://bioniklabs.com/

About Bionik Laboratories Corp.
Bionik Laboratories is a robotics company providing neurological functional recovery solutions to stroke survivors and others with functional and mobility challenges. The Company offers its technology to therapists directly and offers services to patients in its clinical centers. 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 three products in varying stages of development. For more information, please visit www.Bioniklabs.com and connect with us on Twitter, LinkedIn, and Facebook.

Forward-Looking Statements
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements. Forward-looking statements, which involve assumptions and describe our future plans, strategies, and expectations, are generally identifiable by use of the words "may," "should," "would," "will," "could," "scheduled," "expect," "anticipate," "estimate," “possible,” "believe," "intend," "seek," or "project" or the negative of these words or other variations on these words or comparable terminology.

Forward-looking statements may include, without limitation, statements regarding (i) the plans and objectives of management for future operations, including plans or objectives relating to the design, development and commercialization of robotic rehabilitation products and the roll-out of its recently-announced Neuro-Recovery Centers of Excellence strategy, (ii) a projection of income (including income/loss), earnings (including earnings/loss) per share, capital expenditures, dividends, pipeline of potential sales, capital structure or other financial items, (iii) the Company's future financial performance, including as a result of the acquisition and rebranding of the Company’s Neuro-Recovery Centers of Excellence, and the future financial performance of any such Centers of Excellence the Company may acquire or launch (iv) the market and projected market for our existing and planned products and services and (v) the assumptions underlying or relating to any statement described in points (i), (ii), (iii) or (iv) above.

Such forward-looking statements are not meant to predict or guarantee actual results, performance, events or circumstances, and may not be realized because they are based upon the Company's current projections, plans, objectives, beliefs, expectations, estimates and assumptions, and are subject to a number of risks and uncertainties and other influences, many of which the Company has no control. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward- looking statements as a result of these risks and uncertainties. Factors that may influence or contribute to the inaccuracy of the forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation, the Company's inability to obtain additional financing or increase revenue, the inability to meet listing standards to uplist to a national stock exchange, the significant length of time and resources associated with the development and sales of our products and related insufficient cash flows and resulting illiquidity, the continued impact on the Company’s business as a result of the Covid-19 pandemic, the Company’s inability to expand the Company’s business, including its recently launched Neuro-Recovery Centers of Excellence strategy, significant government regulation of medical devices and the healthcare industry, lack of product diversification, volatility in the price of the Company's raw materials, and the Company's failure to implement the Company's business plans or strategies. These and other factors are identified and described in more detail in the Company's filings with the SEC. The Company does not undertake to update these forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230323005413/en/

Media Contact:

FischTank PR

bionik@fischtankpr.com

Source: Bionik Laboratories Corp.

FAQ

What will Bionik Laboratories showcase at KIMES 2023?

Bionik Laboratories will showcase its InMotion® Robots, focusing on stroke recovery solutions.

When is KIMES 2023 scheduled?

KIMES 2023 is scheduled from March 23 to March 26, 2023.

What is the role of Curexo in relation to Bionik?

Curexo is Bionik's exclusive distribution partner in South Korea, facilitating the introduction of InMotion® technology.

How do InMotion® Robots enhance rehabilitation for stroke patients?

InMotion® Robots allow patients to perform 600-1,000 movements per hour, significantly improving rehabilitation outcomes.

What regulatory approval did Bionik Laboratories receive?

Bionik received regulatory approval for InMotion® robotics technology from the South Korean Ministry of Food and Drug Safety.