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Victhom announces completion of joint venture agreement with Otto Bock for Neurobionix activities
Date:6/18/2009

.4% by Victhom. The partnership agreement also provides for additional contributions by Otto Bock of CAN$ 17.5 million, totaling a contribution of CAN$ 30 million over the next 2 1/2 years to be mainly used to bring to market the Neurostep(R) System for the treatment of gait disorders but also to develop neuromodulation products in other indications such as sleep apnea and epilepsy.

Besides, the Founder and Chief Operating Officer of Victhom's Biotronix division, Mr. Stephane Bedard, has announced that he would be leaving the Corporation to pursue new projects. "I am leaving with a feeling of accomplishment. My dream to create the first bionic leg in the world that would allow amputees to regain some autonomy in regard of their mobility has now come true with the launch of the Power Knee II. I am very proud of that. Having founded Victhom ten years ago, I now wish to pass the torch and to take on new projects. I am leaving confident in Victhom's future, since the Corporation today has the necessary support and resources to pursue its development successfully. I want to thank all the members of Victhom's team, and particularly all the scientists who have been working on the development of the Power Knee and have put their confidence in the scientific direction I have established, as well as the shareholders of the Corporation for their unfailing support throughout those years".

Following Mr. Bedard's departure, the management of the Victhom Bionized subsidiary will be taken over by Mr. Normand Rivard. "On behalf of Victhom, I want to acknowledge Stephane's remarkable work during all those years. Victhom came to life thanks to his insight, talent and determination and the Corporation could never have achieved this level of development without his valuable contribution. We would like to wish the best success to Stephane", insisted Mr. Rivard. As for the Chairman of the board of Directors, Mr. Daniel Johnson, he stressed the admiration of the board for M
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SOURCE VICTHOM HUMAN BIONICS INC.
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Related biology technology :

1. Victhom and Otto Bock sign partnership agreement to establish joint venture for Neurobionix activities
2. Victhom announces the filing of a patent application to address sudden unexplained death in epilepsy (SUDEP)
3. Victhom Human Bionics Receives CE Mark for the Neurostep(TM) System, the Worlds First Fully Implantable Closed-Loop Neuromodulation Therapy for Treatment of Foot Drop
4. Victhom Human Bionics Neurobionix Division receives ISO 13485:2003 Certification for its Design Control System
5. Victhom announces the completion of the second phase of the apnea therapy development
6. Victhom Announces Launch of Enhanced Company Website
7. Victhom to Participate in the OneMedPlace Finance Forum
8. Victhom announces promising results on the proof of concept for its unique closed-loop neuromodulation system
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