ReWalk shares soar after win with US military

ReWalk management

The US Department of Veterans Affairs is providing ReWalk Personal exoskeleton systems for all qualifying veterans.

The share price of ReWalk Robotics Ltd. (RWLK) has doubled following the company's announcement that the US Department of Veterans Affairs (VA) had issued a national policy for the evaluation, training and procurement of ReWalk Personal exoskeleton systems for all qualifying veterans across the United States. The VA policy, which is exclusive to ReWalk Robotics exoskeleton systems, is the first national coverage policy in the United States for qualifying individuals who have suffered spinal cord injury.

"This historic policy will provide access to our life-changing technology for thousands of veterans across America," said ReWalk CEO Larry Jasinski. "We want all U.S. veterans with a spinal cord injury to know that they now have a path to securing their own ReWalk Personal exoskeleton system. The policy outlines a sound process to educate, train and importantly, to provide individual veterans with a ReWalk Personal device so that they may walk at home and in the community. We expect this landmark national policy will substantially improve the health and quality of life of many veterans in the years ahead," Jasinski added.

Published by Globes [online], Israel business news - www.globes-online.com - on December 17, 2015

© Copyright of Globes Publisher Itonut (1983) Ltd. 2015

ReWalk management
ReWalk management
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