CAMBRIDGE, Mass.--(BUSINESS WIRE)--Myomo, Inc. (NYSE American: MYO) (“Myomo” or the “Company”), a wearable medical robotics company offering increased functionality for individuals suffering from neurological disorders and upper-limb paralysis, announced today the availability of MyoGames by Lusio, a video game platform designed to augment training and rehabilitation for MyoPro users, while being fun. MyoGames enables users to play video games by actively engaging their paralyzed or weakened arm or hand with the MyoPro. The first game, basketball, is available immediately with other titles to follow.
MyoGames was developed in collaboration with Lusio Technology Pty Ltd, a game developer focused on the rehabilitation market and based in New South Wales, Australia.
Jon Naft, Myomo’s Vice President and General Manager International, said, “The games complement our existing therapeutic protocol. This increase in training is expected to help a new MyoPro recipient to be more proficient with activities of daily living. MyoGames is intended to give users of all ages something new and captivating to pursue with their device as they master it. In addition, the repetitive motion required for a game like basketball is the foundation of neurological rehabilitation and may accelerate neuro recovery.”
Shiven Ruparel, Myomo’s Director of Product Management explained, “The vision for MyoGames is to be a gaming platform with a library of games available that all lead to the same two goals - accelerate the rehabilitation of users and improve their ability to perform everyday functional tasks. The first game, basketball, will be distributed as part of the MyoPro package at no additional cost and subsequent games will be available on a monthly subscription basis. In addition to being a new revenue stream, MyoGames is intended to make practice with a MyoPro more engaging, which is expected to increase a patient’s probability of achieving a better outcome. Better outcomes are expected to add to our clinical data for medical and insurance reimbursement purposes, which may lead to increased patient access for the MyoPro. It’s a win-win.”
MyoGames is designed to complement the MyoCare program introduced in July. MyoCare offers new MyoPro users a personal coach and a series of training videos to help them maximize the benefits of their device.
About Myomo
Myomo, Inc. is a wearable medical robotics company that offers improved arm and hand function for those suffering from neurological disorders and upper limb paralysis. Myomo develops and markets the MyoPro product line. MyoPro is a powered upper limb orthosis designed to support the arm and restore function to the weakened or paralyzed arms of patients suffering from CVA stroke, brachial plexus injury, traumatic brain or spinal cord injury, ALS or other neuromuscular disease or injury. It is currently the only marketed device that, sensing a patient’s own EMG signals through non-invasive sensors on the arm, can restore an individual’s ability to perform activities of daily living, including feeding themselves, carrying objects and doing household tasks. Many are able to return to work, live independently and reduce their cost of care. Myomo is headquartered in Cambridge, Massachusetts, with sales and clinical professionals across the U.S and representatives internationally. For more information, please visit www.myomo.com.
Forward Looking Statements
This press release contains forward-looking statements regarding the Company’s future business expectations, including the expectations related to availability of video games operated via MyoPro and the intended benefits of MyoGames to MyoPro users, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors.
These factors include, among other things:
- our sales and commercialization efforts;
- our ability to achieve reimbursement from third-party payers for our products;
- our dependence upon external sources for the financing of our operations, to the extent that we do not achieve or maintain cash flow breakeven;
- our ability to effectively execute our business plan and scale up our operations;
- our expectations as to our development programs; and
- general market, economic, environmental and social factors, including the ongoing COVID-19 pandemic, that may affect the evaluation, fitting, delivery and sale of our products to patients.
More information about these and other factors that potentially could affect our financial results is included in Myomo’s filings with the Securities and Exchange Commission, including those contained in the risk factors section of the Company’s annual report on Form 10-K, quarterly reports on Form 10-Q and other filings with the Commission. The Company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Although the forward-looking statements in this release of financial information are based on our beliefs, assumptions and expectations, taking into account all information currently available to us, we cannot guarantee future transactions, results, performance, achievements or outcomes. No assurance can be made to any investor by anyone that the expectations reflected in our forward-looking statements will be attained, or that deviations from them will not be material and adverse. The Company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
