NEW YORK, April 23, 2015 /PRNewswire/ -- There are significant number of applications for exoskeletons, from assisting paraplegics in healthcare, to increasing capabilities in military, and even increasing labor productivity in industry. Although bionic exoskeleton technology is still in its early stage, and can only be used in specific circumstances, recent advancements in material, electronic and electrical engineering, control technologies, and sensor and software development made improvements being started within the last few years.
Ekso Bionics Holdings, Inc. (OTCQB: EKSO) has been at the frontline of the bionic exoskeleton industry, and has helped make huge improvements in exoskeleton technology. It designs, develops and commercializes wearable "bionic human exoskeletons" that have a variety of applications in healthcare, industrial, military, and consumer markets. The company has products for medical, military, and even recreational use, making a concerted effort to cover all the promising exoskeleton markets.
Esko Bionics ended 2014 with medical device revenue increase by $1.3 million to $2.9 million, or 81%, compared to 2013, and engineering services revenue increase by $0.7 million to $2.4 million, or 42%, compared to 2013 with $25.2M in cash/cash equivalents.
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