De Oro Devices Company Research Report

Company Overview

• Name: De Oro Devices

• Mission of the company: To improve mobility, independence, and quality of life through their innovative products.

• Founded by: Sidney Collin and William Thompson

• Key People:

• Dr. Cori Lathan, CEO

• Sidney Collin, Co-Founder, CTO

• William Thompson, Co-Founder, Marketing & Operations

• Harshini Rallapalli, Clinical Director

• Headquarters: No information is available

• Number of Employees: No information is available

• Revenue: No information is available

• What is the company known for: De Oro Devices is renowned for developing NexStride, a walking assist device that aids individuals with mobility challenges, particularly those with Parkinson’s Disease, in overcoming walking difficulties such as freezing of gait.

Products

NexStride

• Description: NexStride is a small device that attaches to walkers, canes, or walking poles. It helps individuals with mobility challenges by providing adjustable light and sound signals that facilitate better walking.

• Key Features:

• Audible Metronome: Emits an audible signal engaging a different brain pathway to facilitate forward movement.

• Visual Laser Line: Provides a visual target, helping correct stride issues by showing where to step.

• Universal Attachment: Designed for easy attachment to any assistive walking device, ensuring versatility and ease of use.

Target Users:

• Individuals with mobility challenges, such as those shuffling, freezing, or falling

• People with Parkinson’s Disease

• Stroke recovery patients

• Those with cerebral palsy

• Individuals with Multiple Sclerosis

Recent Developments

• Available to Veterans: NexStride is now available to veterans receiving healthcare through the VA at no out-of-pocket cost.

• Partnerships and Recognition:

• BIOMEDevice Startup Pitch Competition: First Place

• Central Coast Angel Conference: Secured $100,000 in funding

• TCU’s Values and Ventures Competition: First Place and Marjorie and James Sly Innovation Award

• Media Coverage:

• Featured in PIX 11, ABC 30, Scripps News, showcasing the positive impact NexStride has on individuals with walking difficulties.

Awards and Recognitions

• BIOMEDevice Startup Pitch Competition: First Place

• Central Coast Angel Conference: First place and $100,000 in funding

• TCU’s Values and Ventures Competition: Elevator Pitch First Place

• Marjorie and James Sly Innovation Award

Company Background

De Oro Devices emerged from a collaboration between Sidney Collin, a biomedical engineer, and Jack Brill, an American veteran with Parkinson’s Disease. Inspired by the effectiveness of external cueing techniques used in physical therapy, Sidney developed NexStride to make these techniques more accessible for use at home.

De Oro Devices constantly explores ways to enhance mobility aid technologies and seeks to empower individuals through restoration of movement and independence.