OrthoPediatrics Corp. Expands Specialty Bracing Portfolio with Two New Products
OrthoPediatrics Corp. (Nasdaq: KIDS) has expanded its Specialty Bracing portfolio with two new products: the OPSB Sensor System and MOVE-D™. The OPSB Sensor System is the company's first sensor solution, featuring Bluetooth connectivity that uploads wear-time data to an interactive app with gamification elements and cloud-based storage for healthcare provider monitoring. The MOVE-D™, acquired through license and distribution agreements with Innovation Lab, is a mechanical elbow brace designed to stabilize tremors in the dominant upper extremity for pediatric patients with movement disorders, improving daily activities performance.
The company's subsidiary, Boston Orthotics & Prosthetics, has been using thermal sensors in scoliosis braces for over 10 years, based on research showing correlation between brace wear time and treatment success.
OrthoPediatrics Corp. (Nasdaq: KIDS) ha ampliato il suo portafoglio di tutori specializzati con due nuovi prodotti: il Sistema di Sensori OPSB e MOVE-D™. Il Sistema di Sensori OPSB è la prima soluzione sensoriale dell'azienda, dotata di connettività Bluetooth che carica i dati di utilizzo su un'app interattiva con elementi di gamification e archiviazione cloud per il monitoraggio da parte dei fornitori di assistenza sanitaria. Il MOVE-D™, acquisito tramite accordi di licenza e distribuzione con Innovation Lab, è un tutore meccanico per il gomito progettato per stabilizzare i tremori nell'arto superiore dominante nei pazienti pediatrici con disturbi del movimento, migliorando le prestazioni nelle attività quotidiane.
La sussidiaria dell'azienda, Boston Orthotics & Prosthetics, utilizza sensori termici nei tutori per scoliosi da oltre 10 anni, sulla base di ricerche che mostrano una correlazione tra il tempo di utilizzo del tutore e il successo del trattamento.
OrthoPediatrics Corp. (Nasdaq: KIDS) ha ampliado su cartera de ortesis especializadas con dos nuevos productos: el Sistema de Sensores OPSB y MOVE-D™. El Sistema de Sensores OPSB es la primera solución sensorial de la empresa, que cuenta con conectividad Bluetooth que carga datos sobre el tiempo de uso en una aplicación interactiva con elementos de gamificación y almacenamiento en la nube para el monitoreo por parte de proveedores de atención médica. El MOVE-D™, adquirido a través de acuerdos de licencia y distribución con Innovation Lab, es una ortesis mecánica para el codo diseñada para estabilizar los temblores en la extremidad superior dominante en pacientes pediátricos con trastornos del movimiento, mejorando el desempeño en actividades diarias.
La subsidiaria de la empresa, Boston Orthotics & Prosthetics, ha estado utilizando sensores térmicos en ortesis para la escoliosis durante más de 10 años, basado en investigaciones que muestran una correlación entre el tiempo de uso de la ortesis y el éxito del tratamiento.
OrthoPediatrics Corp. (Nasdaq: KIDS)는 두 가지 새로운 제품인 OPSB 센서 시스템과 MOVE-D™를 통해 전문 브레이싱 포트폴리오를 확장했습니다. OPSB 센서 시스템은 회사의 첫 번째 센서 솔루션으로, 블루투스 연결을 통해 사용 시간 데이터를 게임화 요소가 포함된 인터랙티브 앱과 클라우드 기반 저장소로 업로드하여 의료 제공자가 모니터링할 수 있도록 합니다. MOVE-D™는 Innovation Lab과의 라이선스 및 유통 계약을 통해 인수한 기계식 팔꿈치 보호대로, 운동 장애가 있는 소아 환자의 지배적인 상지의 떨림을 안정화하여 일상 활동 수행을 개선합니다.
회사의 자회사인 Boston Orthotics & Prosthetics는 10년 넘게 척추측만증 보조기에서 열 센서를 사용하고 있으며, 보조기 착용 시간과 치료 성공 사이의 상관관계를 보여주는 연구에 근거하고 있습니다.
OrthoPediatrics Corp. (Nasdaq: KIDS) a élargi son portefeuille de supports spécialisés avec deux nouveaux produits : le Système de Capteurs OPSB et MOVE-D™. Le Système de Capteurs OPSB est la première solution de capteur de l'entreprise, dotée d'une connectivité Bluetooth qui télécharge les données de temps de port dans une application interactive intégrant des éléments de gamification et un stockage cloud permettant le suivi par les prestataires de services de santé. Le MOVE-D™, acquis par le biais d'accords de licence et de distribution avec Innovation Lab, est une attelle mécanique pour le coude conçue pour stabiliser les tremblements dans l'extrémité supérieure dominante des patients pédiatriques atteints de troubles du mouvement, améliorant ainsi la performance dans les activités quotidiennes.
La filiale de l'entreprise, Boston Orthotics & Prosthetics, utilise des capteurs thermiques dans les supports pour scoliose depuis plus de 10 ans, sur la base de recherches montrant une corrélation entre le temps de port de l'orthèse et le succès du traitement.
OrthoPediatrics Corp. (Nasdaq: KIDS) hat sein Portfolio für Spezialortesen mit zwei neuen Produkten erweitert: dem OPSB-Sensorsystem und MOVE-D™. Das OPSB-Sensorsystem ist die erste Sensorslösung des Unternehmens, die über Bluetooth-Konnektivität verfügt und Daten zur Tragedauer in eine interaktive App mit Gamification-Elementen und Cloud-Speicher hochlädt, um die Überwachung durch Gesundheitsdienstleister zu ermöglichen. Der MOVE-D™, der durch Lizenz- und Vertriebsvereinbarungen mit Innovation Lab erworben wurde, ist eine mechanische Ellenbogenorthese, die darauf ausgelegt ist, Zittern in der dominanten oberen Extremität bei pädiatrischen Patienten mit Bewegungsstörungen zu stabilisieren und die Ausführung täglicher Aktivitäten zu verbessern.
Die Tochtergesellschaft des Unternehmens, Boston Orthotics & Prosthetics, nutzt seit über 10 Jahren Temperatursensoren in Skoliose-Orthesen, basierend auf Forschungen, die eine Korrelation zwischen der Tragedauer der Orthese und dem Behandlungserfolg zeigen.
- Introduction of two new products expanding the specialty bracing portfolio
- Entry into sensor-based monitoring technology market with OPSB Sensor System
- Strategic partnership with Innovation Lab for MOVE-D™ distribution
- None.
Insights
The introduction of the OPSB Sensor System and MOVE-D™ brace represents a strategic expansion into digital health monitoring and non-surgical treatment solutions. The Bluetooth-enabled sensor system addresses a critical aspect of scoliosis treatment - patient compliance - by gamifying the experience and providing real-time monitoring capabilities. This technology-driven approach could significantly improve treatment outcomes, as research has shown direct correlation between brace wear time and success rates.
The MOVE-D™ elbow brace fills an important gap in pediatric movement disorder treatment, offering a non-surgical option for tremor management. This mechanical solution could improve quality of life for children with movement disorders by enhancing their ability to perform daily activities. While these products may not generate immediate significant revenue, they strengthen OrthoPediatrics' position in the specialty bracing market and align with the growing trend toward non-invasive treatment options.
The OPSB Sensor System represents a significant technological advancement in pediatric orthopedic care. The integration of Bluetooth connectivity, cloud-based data storage and gamification elements through an interactive app demonstrates a modern approach to treatment adherence. The system's ability to automatically upload wear-time data and generate downloadable reports for healthcare providers enables remote monitoring capabilities, which is particularly valuable in pediatric care where consistent monitoring is crucial.
The platform's gamification features, including stars and trophies for reaching wear time goals, leverage proven engagement techniques to encourage compliance among young patients. The secure cloud-based infrastructure ensures data privacy while facilitating seamless communication between patients and healthcare providers.
WARSAW, Ind., Dec. 05, 2024 (GLOBE NEWSWIRE) -- OrthoPediatrics Corp. (“OrthoPediatrics” or the “Company”) (Nasdaq: KIDS), a company focused exclusively on advancing the field of pediatric orthopedics today announced that the OrthoPediatrics Specialty Bracing (OPSB™) division is expanding its product offering with the launch of two new products including the OPSB Sensor System and MOVE-D™.
The OPSB Sensor System represents the first sensor solution in OrthoPediatrics’ portfolio and an important step forward in the broader strategy around brace monitoring through the use of advanced sensor technology. For over 10 years, OrthoPediatrics’ wholly owned subsidiary, Boston Orthotics & Prosthetics has been at the forefront of utilizing thermal sensors in scoliosis braces based on published reports showing the direct correlation between brace wear time and success and improved wear time when a sensor is utilized in a brace. This game-changing Bluetooth connecting sensor automatically uploads data to an interactive App that awards stars and trophies for reaching wear time goals. The data is stored in a password protected cloud-based platform, allowing for remote monitoring by healthcare providers with downloadable reports.
In addition, OPSB also announced it has entered into license and supply and distribution agreements with Innovation Lab to bring the MOVE-D™ brace to market. Move-D™ is a simple and elegant mechanical elbow brace that stabilizes tremors in the dominant upper extremity to improve the performance of Activities of Daily Living (ADL) for pediatric patients with movement disorders.
OrthoPediatrics Specialty Bracing division President Joe Hauser commented, “We are excited that we continue to introduce new products that better support children and further expand the innovative solutions we offer through the OPSB channel. The team has been working with key opinion leaders from the surgeon community to identify new technologies that help children without going into the Operating Room, and both the OPSB Sensory System and MOVE-D represent opportunities to do so. Our partnership with Move-D represents the newest collaboration with other remarkable organizations focused on helping kids, advancing our shared commitment to advancing the field of pediatric orthopedics.”
About OrthoPediatrics Corp.
Founded in 2006, OrthoPediatrics is an orthopedic company focused exclusively on advancing the field of pediatric orthopedics. As such it has developed the most comprehensive product offering to the pediatric orthopedic market to improve the lives of children with orthopedic conditions. OrthoPediatrics currently markets over 70 products that serve three of the largest categories within the pediatric orthopedic market. This product offering spans trauma and deformity, scoliosis, and sports medicine/other procedures. OrthoPediatrics’ global sales organization is focused exclusively on pediatric orthopedics and distributes its products in the United States and over 70 countries outside the United States. For more information, please visit www.orthopediatrics.com. For more information about the DF2® Brace and OrthoPediatrics’ Specialty Bracing portfolio, please visit https://opsb.com/.
Investor Contact
Philip Trip Taylor
Gilmartin Group
philip@gilmartinir.com
415-937-5406
FAQ
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