Ekso Bionics Holdings Inc (EKSO)

[SteevoTrader]

For Ekso, Military Could Prove To Be A Secondary Market With Deep Pockets
Mar. 16, 2014 8:11 PM ET | About: EKSO - by Andrew Lim

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)

Summary

Ekso Bionics operates in an industry that is growing steadily but may find a huge boost in growth in the military market with its "human augmentation" bionic suits.

Ekso Bionics has already entered the military market by way of U.S. military funding and a partnership with Lockheed Martin.

Ekso Bionics has helped design the Human Universal Load Carrier (HULC) alongside Lockheed Martin and has produced many exciting prototypes.

Ekso Bionics has been the first company to be offered grant funding from the United States Special Operations Command to work on the TALOS Project.

The Tactical Assault Light Operator Suit is US.SOCOM's supposed take on an "Iron Man" suit and will be meant to be on the forefront of U.S. military innovation.

Ekso Bionics (OTCQB:EKSO) is pioneering a revolutionary technology by specializing in the development of bionic suits that allow people with cases of lower body paralysis to walk. As of this moment, Ekso Bionics' target market is generally the rehab market. Though they posted a net loss for nine months ended September 30, 2013, they were able to increase medical segment revenues by 276%, which provides most of their business. The promising next-gen robotics technology grants EKSO investors the opportunity to expand into a secondary market; the military market.