Bionik Laboratories Expands Its Partnership With Lifepoint Health With the Installation of InMotion® Robotic Devices at Four New Locations

BOSTON – Bionik Laboratories Corp. (OTCPINK: BNKL) (“Bionik” or the “Company”), a robotics company providing neurological functional recovery solutions to stroke survivors and others with mobility challenges, offering its technology to therapists directly and services to patients in its clinical centers, continues to grow its partnership with Lifepoint Health, announcing today its four new installations of the InMotion® ARM robotic device in Phoenix, Arizona, Sacramento, California, Brownsburg, Indiana, and Louisville, Kentucky, to deliver quality stroke recovery care.

“We value our longstanding partnership with Lifepoint Health. The continued expansion of these installations for Bionik’s InMotion® ARM robotic devices within Lifepoint Health facilities is an exciting step in Bionik’s evolution and overall plan for the brand’s continued national roll-out”

Lifepoint Health has been an industry leader in delivering outstanding care to some of the nation’s most medically complex patients, managing about 37 rehabilitation hospitals in the United States. Bionik’s partnership with Lifepoint Health provides their Inpatient Rehabilitation Facilities (IRFs) with their InMotion® ARM robotic devices, to help Lifepoint Health’s already-existing roster of patients recover from stroke, brain, and spinal cord injuries.

Bionik’s InMotion® ARM robotic devices use artificial intelligence (AI) to monitor a patient’s movements during therapy while it gently assists to complete various motor therapy activities. While conventional therapy will allow occupational therapists to complete 30-60 movements per session with a patient, Bionik’s device allows them to track up to 1,000 movements per session, with patients measuring upwards of 15-20% improvement over a 14-day timeframe.

In addition to the installation of Bionik’s devices, Bionik provides continued training and education to the Lifepoint Health hospital staff and therapists on the robotics technology, ensuring proper asset utilization and positive patient outcomes for all. Recent patient successes with the devices were highlighted at Lifepoint Health locations in Tampa, Florida and Cleveland, Ohio, with local media pointing to the impact the devices had on patients throughout their recovery journeys.

“We value our longstanding partnership with Lifepoint Health. The continued expansion of these installations for Bionik’s InMotion® ARM robotic devices within Lifepoint Health facilities is an exciting step in Bionik’s evolution and overall plan for the brand’s continued national roll-out,” said Richard Russo, Jr., Bionik’s CEO and President. Mr. Russo continued, “We are very excited to see the InMotion® devices become more commonly utilized across the nation, helping to rehabilitate individuals that have suffered from strokes and give them a chance to live the life they lived once before.”

​Over the past year, Bionik has installed numerous devices across Lifepoint Health hospitals in the United States, 32 locations to be exact, and plans to continue their partnership with more installations into 2024.

About Bionik Laboratories Corp.

Bionik Laboratories is a robotics company focused on providing neurological functional recovery solutions to stroke survivors and others with neurological and mobility challenges. 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. Bionik has recently launched its Neuro-Recovery Centers of Excellence strategy, to showcase Bionik’s technology and solutions in an existing framework of revenue generating and profitable rehabilitation centers. For more information, please visit www.bioniklabs.com and connect with us on Twitter, LinkedIn, and Facebook.

Forward-Looking Statements
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