CIONIC Company Market Research Report

Company Overview

• Name: CIONIC

• Mission: Superpowering The Human Body

• Founded: 2018

• Founder: Jeremiah Robison

• Key People:

• Charles Adler, M.D., Ph.D. - Expert on Parkinson’s disease with the Mayo Clinic

• Carrolee Barlow, M.D., Ph.D. - Chief Medical Officer of ESCAPE Bio

• Alberto Botter, Ph.D. - Professor of Biomedical Engineering at Polytechnic University of Turin

• Kara Flavin, M.D. - Physiatrist and assistant professor at Stanford University

• Richard Zorowitz, M.D. - Specializes in the rehabilitation of stroke and spinal cord injury

• Enrique Alvarez, M.D., Ph.D. - Associate Professor and Assistant Medical Director of Neurology

• Headquarters: 1500 Green Hills Rd STE 109b, Scotts Valley, CA 95066

• Number of Employees: No information is available

• Revenue: No information is available

• Known for: Developing bionic clothing to enhance human movement, specifically the Cionic Neural Sleeve™, which is a first-of-its-kind bionic clothing designed to improve mobility.

Products

Cionic Neural Sleeve™

• Description: The Cionic Neural Sleeve™ is an advanced mobility solution that acts as bionic clothing for people with mobility impairment. It is known for its scientifically validated, non-invasive, and drug-free approach to assist in mobility.

• Key Features:

• Continuous Motion Analysis: Utilizes sophisticated sensors to monitor real-time movement.

• Functional Electrical Stimulation: Deploys personalized algorithms for muscle activation synced with gait cycles.

• Full Leg Assistance: Delivers steered functional electrical stimulation to major leg muscles such as the hamstring, quadriceps, calf, and shin.

• Adaptive Algorithms: Optimizes stimulation patterns continuously to adjust to individual mobility needs.

• App Controlled: Managed via a CIONIC app available for iOS and Android where mobility treatment can be customized, progress monitored, and shared with healthcare teams.

• All-Day Wearability: Designed to be lightweight and worn comfortably throughout the day. Available in various colors and sizes.

• FDA Cleared: Recognized as safe by health authorities, making it eligible under FSA/HSA programs.

Recent Developments

• New Product Launches and Features:

• The Cionic Neural Sleeve™ has introduced new functionalities and software updates to improve user experience, including a personalized interface for greater adaptability and comfort.

• Expanded options via the CIONIC app, allowing users to access a library of exercises and share progress with healthcare teams.

• Partnerships:

• Collaborated with esteemed institutions such as UCHealth University of Colorado Hospital, Craig Hospital, and Neuro Physical Therapy to enhance clinical availability.

• Partnered with industrial designer Yves Behar and fuseproject to create an aesthetically pleasing and functional product.

• Scientific Research and Trials:

• Conducted multi-site trials demonstrating significant effectiveness in improving gait for individuals with foot drop and MS, yielding improvements in dorsiflexion and ankle inversion.

• Continues to conduct clinical trials to further research efficacy and expand applicability to other neurological and mobility impairments.

• Awards and Recognition:

• Recognized by numerous awards including a feature as one of TIME’s Best Inventions of 2023.

• Garnered multiple accolades for innovation in design and assistive technology.

Summary

CIONIC leverages cutting-edge technology and an interdisciplinary approach to address mobility impairments with its flagship product, the Cionic Neural Sleeve™. By combining pioneering motion-analysis technology and customizable electrical stimulation, CIONIC sets a benchmark in bionic clothing designed to augment mobility with practical applications across a range of neurological conditions and disorders. The company continues to expand its reach and capabilities through strategic collaborations and continues innovation in wearable mobility solutions.