ReWalk Robotics Ltd (RWLK)

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ReWalk Robotics gains as Hyundai working on car that turns into "walking machine"

Feb. 12, 2021 11:25 AM ETReWalk Robotics Ltd. (RWLK)By: Josh Fineman, SA News Editor2 Comments

ReWalk Robotics (NASDAQ:RWLK) soared 20% as a CNBC report hit that said Hyundai Motor Group (OTCPK:HYMLF) is working on a concept car that can be turned into a "four-legged walking machine."

The vehicle, known as TIGER, is being designed to operate without a crew and in "extreme, remote locations."

Hyundia's development of Tiger comes after the automaker in December said it was acquiring a controlling stake in Boston Dynamics from Softbank in a deal valued at $1.1b.

ReWalk Robotics develops, manufactures, and markets wearable robotic exoskeletons for individuals with lower limb disabilities as a result of spinal cord injury or stroke.

Recall Dec. 10, ReWalk Robotics rallies on contract with German private health insurance company.