Bioservo signs rental agreement with Nishio in Japan

Bioservo Technologies AB has signed an agreement with Nishio Rent All Co Ltd enabling them to sell and rent out Ironhand^® to the construction, plant construction and maintenance industries in Japan.

Nishio are pioneers in the construction machinery rental business. Since they began renting road work machines in 1965, they have been one of the leading companies in the industry. They provide rental services for all construction fields, from large public works projects to small office building construction. They also offer various construction machinery for special sites, construction of industrial complexes and larger plants. Today they are number 3 in Japan and number 9 globally when it comes to rental companies. Nishio has over 400 branch offices in Japan and additional branches and subsidiaries in Malaysia, Thailand, Singapore, Vietnam, China and Australia.

“Japan is an interesting market, both for its size but also because Japanese companies are at the forefront when it comes to introducing robots and exoskeletons. Nishio is a large and well-known company with branch offices all over Japan and they are eager to try out Ironhand^® with their customers. We are really excited to explore the opportunities together with them.” Says Petter Bäckgren, CEO at Bioservo.

For more information, please contact

Petter Bäckgren, CEO of Bioservo Technologies AB
Phone: +46 (0)8 21 17 10
petter.backgren@bioservo.com

Mikael Wester, Marketing Director of Bioservo Technologies AB
Phone: +46 (0)8 21 17 10
mikael.wester@bioservo.com

About Bioservo Technologies

Bioservo Technologies AB (publ) is a world leading company in wearable muscle strengthening systems for people in need of extra strength and endurance. All our innovative products and systems are designed to keep people strong, healthy and efficient.

The company has a unique global position within soft exoskeleton technology for the hand, both for industrial applications to improve the health for workers and to improve quality of life for people with reduced muscle strength.

Bioservo Technologies was founded in 2006 in collaboration between researchers at the Royal Institute of Technology and a doctor at Karolinska University Hospital. Bioservo Technologies is a Swedish public limited company with headquarters in Stockholm.

FNCA Sweden AB, +46(0)8 528 00399, info@fnca.se is the Company’s Certified Adviser on Nasdaq First North Growth Market.

For more information, please visit www.bioservo.com