Human in Motion Robotics (HMR) Announces Closing of the First Tranche of a C$2.25M Financing

Human in Motion Robotics (HMR) Announces Closing of the First Tranche of a C$2.25M Financing

Vancouver, BC November 21, 2019 - Human in Motion Robotics (HMR) announces that is has closed the first tranche of a C$2.25M financing that will be used to advance the Company’s exoskeleton technology towards commercialization. This first tranche is in the amount of $1.825M with the remainder of the $2.25M financing expected to close shortly.

Developed for people living with a wide range of mobility challenges, particularly those with little to no lower limb function, HMR’s patented exoskeleton technology enables users to stand and walk without need of crutches or an attendant, perhaps for the first time ever. Our goal is to empower the millions of people with limited use of their legs to go about many of their daily activities without need of a wheelchair and mitigate the health consequences of being permanently confined to a sedentary position.

At this time, HMR’s technology and device are in development and not available on the market in any country. The Company will be providing regular progress updates over the coming months.