iRobot Invests $6 Million in InTouch Health
Expanded Partnership Furthers iRobot's Commitment to Healthcare
BEDFORD, Mass.--iRobot Corp. (NASDAQ: IRBT), a leader in delivering robotic technology-based solutions, today announced a $6 million investment and expanded partnership with InTouch Health, a leading remote presence telemedicine solution provider. The $6 million investment represents a minority position in the company.
"Working together, InTouch Health and iRobot will pioneer remote presence in healthcare settings, providing anytime anywhere patient care in hospital ICU's, patient wards and operating and procedure rooms."
Today's announcement expands upon the joint development and licensing agreement iRobot announced in July 2011, which was established to explore opportunities for healthcare applications on iRobot platforms, such as the iRobot Ava mobile robotics platform. Under the expanded agreement, InTouch Health will provide access to FDA regulated healthcare facilities, providing iRobot with an initial foray into hospitals, emergency care facilities, patient wards and operating and procedure rooms. Working closely together, iRobot and InTouch will collaborate on a wide variety of technologies across each company's patent portfolio and leverage combined expertise in remote presence telemedicine solutions.
"Currently operating in over eighty hospitals in the U.S. and around the world, InTouch is in a very unique position as one of the first developers of FDA-cleared telemedicine devices," said Colin Angle, chairman and CEO of iRobot. "iRobot's investment will further align these two leaders, creating a best of breed partnership that will develop robots for remote healthcare and assistive technologies for the elderly."
"As evident from the demonstrations of Ava, iRobot is the industry leader in navigation, mobility, manipulation and artificial intelligence." said Yulun Wang, chairman and CEO of InTouch Health. "Working together, InTouch Health and iRobot will pioneer remote presence in healthcare settings, providing anytime anywhere patient care in hospital ICU's, patient wards and operating and procedure rooms."
About iRobot Corp.
iRobot designs and builds robots that make a difference. The company's home robots help people find smarter ways to clean, and its government and industrial robots protect those in harm's way. iRobot's consumer and military robots feature iRobot Aware® robot intelligence systems, proprietary technology incorporating advanced concepts in navigation, mobility, manipulation and artificial intelligence. For more information about iRobot, please visit www.irobot.com.
About InTouch
InTouch Health provides comprehensive telemedicine solutions and expertise that enable physicians to perform real-time consults with patients. Through a single portal, physicians can access a host of purpose-built, FDA-cleared telemedicine devices to provide care anywhere across the continuum: homes, clinics, ambulances, procedure rooms, EDs, ICUs, and patient wards. The InTouch Health Remote Presence telemedicine network is powered through its SureConnect® cloud-based infrastructure providing unparalleled connection quality and reliability, interoperability, workflow imaging and documentation, and services and support. Wherever access to medical expertise is limited, InTouch Health's Remote Presence telemedicine solutions can effectively extend the physician's reach to manage patient care, thereby removing critical time and distance barriers.
The Company has more than 400 hospital locations on six continents enrolled in its Remote Presence network for the delivery of telemedicine services such as stroke, critical care, cardiology, trauma, pediatrics, neonatology, psychiatry, language translation, and clinical education and surgical/procedure mentoring. For more information about InTouch Health, please visit www.intouchhealth.com.
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