Having secured a fresh tranche of venture capital financing, Spring Loaded Technology Inc. is looking for a few volunteers to beta-test its revolutionary “bionic” knee brace.
The company said it has just raised $270,000 in equity financing from Innovacorp and has now raised total financing – including equity, debt and grants – of $1.8 million.
Having started at Dalhousie University’s Starting Lean class in September 2012, Spring Loaded is developing a knee brace that strengthens as well as stabilizes the joint. The product can increase the performance of athletes or grant greater mobility to people who have difficulty moving because of age, disability or obesity.
Spring Loaded is developing two separate product lines: A-Series knee braces to increase performance, reduce fatigue, and prevent injury; and M-Series knee braces for the enhanced rehabilitation and treatment of various mobility impairments. Spring Loaded plans to unveil its first market-ready product by the end of 2014.
“When mobility becomes impaired, quality of life diminishes, said CEO Chris Cowper-Smith in a statement. “Spring Loaded is working to change that. We are now planning beta testing in a broad cross-section of individuals, including healthy athletes, manual laborers, military personnel, and individuals with a wide range of mobility impairments.”
He added the company is witnessing an accelerated demand for its products from a variety of customers around the world.
The prototypes used in beta-testing will be fitted to each participant, who will be asked to provide feedback on performance and fit throughout the trial. The test will involve a broad selection of customers and is planned to launch later in the year.
People who would like to be considered for beta testing can sign-up at http://www.springloadedtechnology.com. ;
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