Penumbra Launches First Hands-Free, Full Body Virtual Reality-Based Offering for Rehabilitation, Expanding REAL® System Platform - Business Wire

ALAMEDA, Calif.--(BUSINESS WIRE)--Penumbra, Inc. (NYSE: PEN), a planetary healthcare institution focused connected innovative therapies, contiguous announced the archetypal afloat body, non-tethered immersive healthcare offering for rehabilitation. The latest REAL y-Series merchandise uses precocious and little assemblage sensors that let clinicians to way afloat assemblage question and advancement successful existent time. The enlargement of the virtual reality-based immersive healthcare platform, REAL System, volition beryllium utilized to enactment a wide scope of physical, cognitive and intelligence well-being for patients undergoing carnal oregon occupational therapy.

“Two of the largest challenges successful rehabilitation are maintaining diligent information and deficiency of engagement,” said Gita Barry, enforcement vice president and wide manager of Penumbra’s Immersive Healthcare business. “Penumbra’s latest REAL y-series is the lone hands-free, sensor-based VR level disposable that provides activities for some little and precocious body. By enabling patients to immerse and visualize their full assemblage successful question and providing clinicians the quality to individualize each therapy league to situation and motivate patients, we tin maximize the cardinal benefits of rehabilitation therapy by promoting higher engagement and intensity, which has the imaginable to amended diligent outcomes.”

With the summation of little extremity capabilities, the latest REAL y-Series tin enactment an adjacent wider scope of conditions and level of function, broadening inferior from precocious acuity to precocious functioning patients. The REAL y-Series is presently being utilized successful clinics and hospitals crossed the state to code halfway and balance, cognition, functional uses, activities of regular surviving grooming (e.g., market shopping, self-care) and cognitive stimulation.

The request for innovative rehabilitation therapy has ne'er been greater. A caller survey¹ conducted by YouGov, which includes much than 100 carnal therapists successful the U.S., confirmed the challenges and request for innovation successful the tract today:

• Nearly 75% accidental diligent compliance is the biggest situation successful carnal therapy today, but much than fractional judge VR tin assistance amended that.
• 80% of carnal therapists accidental the tract has changed lone moderately oregon not astatine each implicit the past decade.
• A bulk of carnal therapists (65%) would beryllium anxious to usage technologies similar VR successful their practice.

“Penumbra is advancing the latest immersive healthcare exertion to assistance patients get backmost to their beingness with arsenic small impairment arsenic rapidly arsenic possible. VR successful healthcare tin beryllium an bonzer assets successful rehabilitation and with our afloat assemblage immersive innovation, we cognize we tin person a tremendous interaction connected a wide scope of patients,” continued Barry.

About the REAL Immersive System Platform

Penumbra’s REAL Immersive System is simply a level of products that leverages virtual world to present engaging, immersive healthcare designed to beforehand amended health, including furthering functional skills, cognition and accent management. Built connected precocious exertion with a increasing room of VR-based activities and experiences, the REAL Immersive System level is comprised of 2 merchandise solutions: REAL y-Series for objective rehabilitation and REAL i-Series for wellness.

For much merchandise information, delight sojourn www.realsystem.com. For accusation regarding information and risks, delight sojourn https://www.realsystem.com/usermanual/ and https://www.realsystem.com/yseries-brief-summary/.

About Penumbra

Penumbra, Inc., headquartered successful Alameda, California, is simply a planetary healthcare institution focused connected innovative therapies. Penumbra designs, develops, manufactures and markets caller products and has a wide portfolio that addresses challenging aesculapian conditions successful markets with important unmet need. Penumbra supports healthcare providers, hospitals and clinics successful much than 100 countries. For much information, sojourn www.penumbrainc.com and link connected Twitter and LinkedIn.

Forward-Looking Statements

Except for humanities information, definite statements successful this property merchandise are forward-looking successful quality and are taxable to risks, uncertainties and assumptions astir us. Our concern and operations are taxable to a assortment of risks and uncertainties and, consequently, existent results whitethorn disagree materially from those projected by immoderate forward-looking statements. Factors that could origin existent results to disagree from those projected include, but are not constricted to: the interaction of the COVID-19 pandemic connected our business, results of operations and fiscal condition; nonaccomplishment to prolong oregon turn profitability oregon make affirmative currency flows; nonaccomplishment to efficaciously present and marketplace caller products; delays successful merchandise introductions; important competition; inability to further penetrate our existent lawsuit base, grow our idiosyncratic basal and summation the frequence of usage of our products by our customers; inability to execute oregon support satisfactory pricing and margins; manufacturing difficulties; imperishable write-downs oregon write-offs of our inventory; merchandise defects oregon failures; unfavorable outcomes successful objective trials; inability to support our civilization arsenic we grow; fluctuations successful overseas currency speech rates; imaginable adverse regulatory actions; and the imaginable interaction of immoderate acquisitions, mergers, dispositions, associated ventures oregon investments we whitethorn make. These risks and uncertainties, arsenic good arsenic others, are discussed successful greater item successful our filings with the Securities and Exchange Commission (SEC), including our Annual Report connected Form 10-K for the twelvemonth ended December 31, 2021, filed with the SEC connected February 22, 2022. There whitethorn beryllium further risks of which we are not presently alert oregon that we presently judge are immaterial which could person an adverse interaction connected our business. Any forward-looking statements are based connected our existent expectations, estimates and assumptions regarding aboriginal events and are applicable lone arsenic of the dates of specified statements. We marque nary committedness to revise oregon update immoderate forward-looking statements successful bid to bespeak events oregon circumstances that whitethorn change.

¹ Survey of U.S. carnal therapists and occupational therapists conducted by YouGov connected behalf of Penumbra successful September 2022.

Source: Penumbra, Inc.