ReWalk Robotics Ltd (RWLK)

[midastouch017]

German National Social Accident Insurance Agrees to Provide Personal Exoskeletons to Qualifying Beneficiaries

German social accident insurance association (DGUV) members have procured 20 ReWalk exoskeleton systems over time

MARLBOROUGH, Mass. and YOKNEAM ILIT, Israel, Nov. 2, 2017 /PRNewswire/ -- ReWalk Robotics Ltd. ("ReWalk" or the "Company") (RWLK) today announced that Germany's national social accident insurance provider, Deutsche Gesetzliche Unfallversicherung ("DGUV"), approved the rental of the 20th ReWalk Personal exoskeleton system for qualifying beneficiaries. Additionally, DGUV recently signed a confirmation letter stipulating that DGUV's member payers, including the health insurance association Berufsgenossenschaft (also known as BG) and state insurers, will approve the supply of exoskeleton systems for qualifying beneficiaries on a case-by-case basis. The growing number of system rentals, along with the recent coverage confirmation from DGUV, reflects broader adoption of the procurement process by DGUV member payers across Germany.

DGUV is comprised of 35 different insurers, which provide coverage for more than 70 million individuals in Germany. To date, 12 of the 35 payers have pursued procurement of a system for beneficiaries, which includes outright purchase, rentals or signed purchase orders. Per the agreement, all eligible individuals will go to BG clinics for evaluation as a part of the procurement process.

"We are greatly encouraged to see such immediate interest and action from DGUV in providing medical devices to eligible individuals in the spinal cord injured community," said ReWalk CEO Larry Jasinski. "German insurers are blazing the trail for their global cohorts, developing national programs with clear policies that enable beneficiaries to have access to critical healthcare innovation."

The DGUV agreement is similar to one ReWalk announced with German insurer Barmer earlier this year. The Company continues to work with public and private insurers around the world to explore potential agreements and policies that can be applied on a national scale.

About ReWalk Robotics Ltd.
ReWalk Robotics Ltd. develops, manufactures and markets wearable robotic exoskeletons for individuals with spinal cord injury. Our mission is to fundamentally change the quality of life for individuals with lower limb disability through the creation and development of market leading robotic technologies. Founded in 2001, ReWalk has headquarters in the U.S., Israel and Germany. For more information on the ReWalk systems, please visit www.rewalk.com.

ReWalk® is a registered trademark of ReWalk Robotics Ltd. in Israel.