Spring Loaded Technology said today it is launching its Levitation bionic knee brace in North America, as well as announcing support from the Canadian Government through a $2.5 million investment through the Atlantic Canada Opportunity Agency’s Atlantic Innovation Fund.
The company’s Levitation brace is designed to enhance knee strength, mobility and endurance by storing energy created as the leg bends and returning that energy as it straightens. The company said that the device has “proven useful for most knee injuries and conditions.”
“The team at Spring Loaded Technology is transforming the versatility of assistive devices. They represent a broader life sciences community working on research that brings solutions to the marketplace. Targeted investments such as these are helping us grow beyond our borders in line with our Atlantic Growth Strategy,” Darmouth-Cole Harbour Parliament Member Darren Fisher said in a press release.
The Halifax-based company raised an initial $208,000 through a crowdfunding campaign and received a $1 million contract for the Canadian armed forces, according to a press release.
Spring Loaded said that they would soon be entering real-time production, with “bolstered manufacturing capacity, product improvements and increasing demand” for the device in NA.
“With the support of ACOA, combined with our research and development efforts and leading-edge product development, it’s a game changer. We’re proud to be able to put the world’s first and only compact, bionic knee brace into the hands of consumers on a large scale,” COO Dawn Umlah said in a press release.