Bethesda, MD - Innovative
Neurotronics, Inc. (IN, Inc.) has been selected as one of "50 Companies to
Watch" by Medical Device and Diagnostic Industry magazine (MD&DI). The
article appears as this month's cover story and is available at: http://www.devicelink.com/mddi/archive/06/06/002.html.
"We selected 50 companies on the basis of their contributions to the medical
device and healthcare industries," said John Bethune, vice president and
editorial director for Canon Communications LLC, the publisher of MD&DI.
"The companies reflect outstanding achievements behind today's medical
The medical device industry is well known for its technology, a central
aspect that MD&DI covers in every issue. The June issue marks the first time
MD&DI examines 50 companies that embody the regulatory, technological, and
business know-how to be successful.
"We are honored to be included in a list with so many prestigious,
established organizations," IN, Inc. President Jeff Martin said. "Innovative
Neurotronics was founded to fulfill an unmet need - the restoration of function
in those with an impaired limb. Before we developed Myo-Orthotics Technology,
the main option for a patient with an impaired limb was simply to stabilize that
limb, but we knew more could be done. And so we developed a medical device that
actually empowers the patient."
Cleared for marketing by the FDA in September 2005 and officially launched on
May 1, 2006, IN, Inc.'s first product, the WalkAide® System, combats a form of
paralysis known as "foot drop" due to stroke, spinal cord injury, traumatic
brain injury, and other pathologies such as multiple sclerosis and cerebral
The WalkAide System, which includes diagnosis, treatment modalities, and
delivery of an electrical stimulation device by a trained medical practitioner,
treats foot drop by applying low level electrical currents directly to a motor
nerve in the leg which instructs the muscle to flex the foot so the patient can
walk normally. Contrary to traditional therapies that require the patient to
spend hours in hospitals or rehabilitation facilities, the portable WalkAide
also has an exercise mode that allows the patient to conduct muscle therapy at
home. Worn around the leg, just below the knee, the AA battery-operated device
is about the size of a deck of cards.
Currently available nationwide to patients through certified orthotists at
Hanger Prosthetics and Orthotics, IN, Inc. plans to expand availability of the
WalkAide through other rehabilitation specialists later this year.
About Innovative Neurotronics, Inc.:
Specializing in the field
of functional electrical stimulation, Innovative Neurotronics, Inc. identifies
emerging Myo-Orthotics Technologies"! developed at research centers and
universities throughout the world that use neuromuscular stimulation to improve
the functionality of an impaired limb. Innovative Neurotronics, Inc. is a wholly
owned subsidiary of Hanger Orthopedic Group, Inc. (NYSE:HGR), the world's
largest provider of orthotic and prosthetic (O&P) patient care.
Headquartered in Bethesda, Maryland, Hanger owns and operates 621 patient care
centers in 46 states including the District of Columbia, with 3,313 employees
including 1,032 practitioners (as of 3/31/06). For more information on
Innovative Neurotronics, Inc, visit http://www.ininc.us. For more information on
Hanger, visit http://www.hanger.com.
Certain statements included in this press release are forward looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995. Please refer to the Company's SEC filings for factors that could cause
actual results to differ materially from the Company's expectations.