Lifeward said it entered into a definitive agreement to acquire technology assets and functional prototypes from Skelable Ltd., including a robotic upper-body orthotic device with AI capabilities, for $480,000 in Lifeward equity plus a nominal cash payment, with payments tied to milestones.

Lifeward Ltd. (Nasdaq: LFWD) ("Lifeward" or the "Company"), a global leader in innovative medical technology designed to transform the lives of people with physical limitations or disabilities, today announced it has entered into a definitive agreement to acquire certain technology assets and related know-how, including functional prototypes from Skelable Ltd., the developer of a robotic upper body orthotic device with AI capabilities, for total consideration of $480,000 in Lifeward equity, payable in installments upon the achievement of specified milestones, and a nominal cash payment at closing. As part of the acquisition, the key engineering team will join Lifeward, bringing more than 60 years of combined experience across electrical, software, mechanical and industrial design. The integration of the core engineering team will ensure continuity of knowledge and a disciplined transfer of technology, intellectual property and design intent into Lifeward's development framework.

The acquired technology will enable commercialization of a powered upper-extremity orthotic system designed to assist and enhance functional movement in individuals with weakened or paralyzed arms and hands, primarily following stroke. The device is intended to enable patients to perform activities of daily living that may otherwise be impossible, while supporting therapeutic goals such as muscle re-education and improved range of motion.

Lifeward expects the new upper body exoskeleton to be ready for commercial launch within approximately 18 to 24 months, following additional development and regulatory approvals, and anticipates attractive gross margins and favorable unit economics over time.

"This upper-limb orthotic technology is a natural extension of our ReWalk® platform and accelerates Lifeward's evolution into a fully integrated, whole-body neuro-rehabilitation company," said Mark Grant, President and CEO of Lifeward. "The device is designed not only to support immediate functional movement, but to rehabilitate and restore independence over time. This acquisition expands our addressable market, enhances commercial efficiency through shared channels, and strengthens our position across payers and prescribers. We are also adding exceptional engineering talent that will significantly expand our internal R&D capabilities and accelerate innovation across our platform."

"What differentiates this technology is how intentionally it is designed around the human experience," said David Hexner, Vice President of Research and Development at Lifeward. "Built on a strong intellectual property foundation, the system integrates advanced sensing and intelligent and adaptive control with an intuitive, patient-focused design that prioritizes usability and comfort. The result is a next-generation rehabilitation platform that delivers personalized and responsive therapy while maintaining medical-grade performance, safety and reliability."

This acquisition represents a strategic expansion into a significant market opportunity in upper-limb impairment following stroke, a substantial and underserved market where Lifeward can enhance wellbeing and quality of life. In the U.S. alone, 245,000 newly diagnosed stroke survivors each year experience functional impairments that may make them candidates for upper-limb neuro-rehabilitation technologies. Additionally, of the more than 7 million stroke survivors in the U.S., approximately two-thirds remain disabled, representing an estimated 4.6 million individuals in the prevalence-based addressable population.

Compelling commercial synergies between the acquired upper-body exoskeleton and the Company's lead product, ReWalk, include a crossover in prescriber groups, including physical medicine and rehabilitation (PM&R) physicians, neurologists, and stroke specialists, as well as rehabilitation settings such as inpatient and outpatient neuro-rehabilitation centers and Veterans Affairs facilities. The overlap in payer segments further enhances the potential for commercial leverage and scalable go-to-market execution. Lifeward expects these synergies to support efficient commercialization, strengthen institutional relationships, and improve long-term negotiating leverage with payers.

Lifeward believes that this upper-limb orthotic program is well positioned within existing U.S. reimbursement frameworks for advanced assistive and neuro-rehabilitation technologies. The Company expects to leverage established Centers for Medicare & Medicaid Services (CMS) pathways applicable to upper-extremity powered orthoses and robotic assistive devices, including HCPCS coding structures introduced for upper-limb exoskeleton and neuro-robotic technologies, together with applicable CMS payment determination mechanisms.

Beyond stroke rehabilitation, this acquisition positions Lifeward to expand into adjacent neurological and neuromuscular conditions, including upper-limb spinal cord injury, traumatic brain injury, multiple sclerosis, brachial plexus injury, and peripheral nerve injury-each representing meaningful unmet clinical need and incremental commercial opportunity.

The transaction is contingent upon customary closing conditions.

The securities to be issued in connection with the transactions described herein are being made in a transaction not involving a public offering and have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements.

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