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Lifeward to Acquire Powered Upper Body Exoskeleton with AI Capabilities Designed to Restore Function to Stroke Survivors
IP and technology acquisition is expected to be highly accretive and to advance Lifeward’s position as a diversified biomedical innovation companyWill Expand
About this update from Lifeward Ltd.
[{"type":"text","content":"IP and technology acquisition is expected to be highly accretive and to advance Lifeward’s position as a diversified biomedical innovation companyWill Expand Lifeward’s portfolio beyond lower-limb solutions, creating a differentiated, whole-body neuro-rehabilitation portfolio Will Strengthen long-term strategic networks with neuro-rehabilitation prescribers, rehabilitation networks, and payers HUDSON, Mass. and YOKNEAM ILLIT, Israel, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Lifeward Ltd. (Nasdaq: LFWD) (“Lifeward” or the “Company”), a global leader in innovative medical technology designed to transform the lives of people with physical limitations or disabilities, today announced it has entered into a definitive agreement to acquire certain technology assets and related know-how, including functional prototypes from Skelable Ltd., the developer of a robotic upper body orthotic device with AI capabilities, for total consideration of $480,000 in Lifeward equity, payable in installments upon the achievement of specified milestones, and a nominal cash payment at closing. As part of the acquisition, the key engineering team will join Lifeward, bringing more than 60 years of combined experience across electrical, software, mechanical and industrial design. The integration of the core engineering team will ensure continuity of knowledge and a disciplined transfer of technology, intellectual property and design intent into Lifeward’s development framework. The acquired technology will enable commercialization of a powered upper-extremity orthotic system designed to assist and enhance functional movement in individuals with weakened or paralyzed arms and hands, primarily following stroke. The device is intended to enable patients to perform activities of daily living that may otherwise be impossible, while supporting therapeutic goals such as muscle re-education and improved range of motion. Lifeward expects the new upper body exoskeleton to be ready for commercial launch within approximately 18 to 24 months, following additional development and regulatory approvals, and anticipates attractive gross margins and favorable unit economics over time. “This upper-limb orthotic technology is a natural extension of our ReWalk® platform and accelerates Lifeward’s evolution into a fully integrated, whole-body neuro-rehabilitation company,” said Mark Gra...