NEOFECT Commended by Frost & Sullivan for Introducing NEOFECT RAPAEL, its Gamification-based Smart Rehabilitation Solutions

NEOFECT's wide portfolio of solutions treats specific musculoskeletal and neurological conditions of patients from diverse age groups

SANTA CLARA,California,Aug. 14,2018 --Based on its recent analysis of the global smart rehabilitation market,Frost & Sullivan recognizes NEOFECT with the 2018 Global Enabling Technology Leadership Award for uniquely employing gamification in its smart rehabilitation solutions. The highly effective RAPAEL solutions ensure adherence to rehab programs by making the treatment fun and interactive,in the convenience of the patient's home. The company delivers unparalleled value to customers by adopting a rent-for-use model and developing a variety of products for patients from diverse age groups.

2018 Global Smart Rehabilitation Enabling Technology Leadership Award

"NEOFECT'sflagship RAPAEL Smart Rehabilitation Solutions,both hardware and software,are cleverly designed biofeedback gaming systems that motivate and empower patients throughout their rehab programs," said Chandni Mathur,Industry Analyst. "The NEOFECT RAPAEL Smart Glove uses a virtual reality (VR)-based hand rehabilitation therapy solution to help patients perform muscle strengthening exercises with games. Distinctively,this solution is available as a wearable device and is equipped with artificial intelligence (AI) and Big Data analytics capabilities."

While RAPAEL's exercises and games work to normalize movements by invigorating muscles and stimulating visual and auditory senses,the solutions allow variations to be incorporated to cater to patients' preferences and progress,thereby delivering customized,optimal therapy. For example,by leveraging AI and Big Data,RAPAEL's learning algorithm automatically adjusts the difficulty of rehabilitation games based on the patient's performance,range of motion,and goals.

A key deterrent to continuing rehabilitation is the high cost of solutions. NEOFECT has addressed this issue by launching the RAPAEL Smart Glove as a business-to-consumer rental model,which is an uncommon model in the market. For $99 a month,patients can rent the US Food and Drug Administration (FDA)-approved smart glove and companion Android tablet to rehabilitate their hands and wrists at home.

"Other recent developments include RAPAEL Smart Pegboard,a compact and portable digital pegboard developed for stroke rehabilitation,which is a disruptive technological leap in the market as most smart rehabilitation products are bulky and immovable," noted Chandni. "It is an interactive tool with 30 games,such as smack a mole,pathfinder,and memory placement,which keep patients engaged and motivated to stay the full treatment course."

With its smart wearable gloves for stroke patients and children with developmental disorders,wearable hand robots for paralyzed patients,and gameboards that enhance the therapy experience,NEOFECT is truly bringing hope to patients and altering therehabilitation landscape.

Each year,Frost & Sullivan presents this award to a company that has developed a pioneering technology that enhances current products and enables the development of new products and applications. The award recognizes the high market acceptance potential of the recipient's technology.

Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership,technological innovation,customer service,and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews,analysis,and extensive secondary research to identify best practices in the industry.

About NEOFECT

Korean-American health tech startup NEOFECT was founded in 2010 to create an environment where stroke survivors,doctors,and therapists can objectively evaluate the results of patient rehabilitation. Fun,game-based rehabilitation exercises motivate patients while simultaneously providing actionable,quantifiable data to medical professionals.

NEOFECT uses the latest technological innovations to design affordable and easy-to-use devices for rehabilitation training available anytime,anywhere,like its flagship product,the RAPAEL Smart Glove for Home. www.neofect.com

About Frost & Sullivan

Frost & Sullivan,the Growth Partnership Company,collaborates with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years,Frost & Sullivan has been developing growth strategies for the global 1000,emerging businesses,the public sector,and the investment community. Contact us: Start the discussion.

Contact:

Claudia Toscano

P: 210.477.8417

F: 210.348.1003

E: claudia.toscano@frost.com

Katie Johnston

Gregory FCA for NEOFECT

P: 610-228-2248

E: katiej@gregoryfca.com

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