18th Sep 2015 07:31
LONDON (Alliance News) - Rex Bionics PLC on Friday said two recent legal settlements which have been agreed awarded funding for the purchase of a REX Robot and funding for robot-assisted physiotherapy provided by the company.
Rex, which makes the REX Robot technology used to improve the mobility of wheelchair users, said law firm Stewarts Law has said Ben Barnes, a man who sustained a spinal cord injury in a car accident, has become the first recipient of a British High Court damages settlement to pay for a REX Robot.
In addition, in a separate case, a main who sustained spinal cord damage as a result of alleged clinical negligence has been provided with interim funding for an intensive course of physiotherapy provided by REX, pending final settlement of his insurance claim.
"These awards are an endorsement from the courts and from the insurance industry, of the principle that the REX robot technology can enable people with spinal cord injuries to remain healthy; and to resume activities they may have thought were no longer available to them," said Crispin Simon, Rex's chief executive.
Rex shares were untraded on Friday morning, having last traded at 45.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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