Both subsidiaries of Forward Industries (NSDQ:FORD), Happauge, N.Y.-based IPS and Kablooe (Minneapolis) have complementary services, including human factors engineering, verification and regulatory support along with upfront research and testing.
“Our combined expertise is unmatched in the industry and enables us to deliver the best-in-class medical device design services,” said IPS president Mitch Maiman in a news release.
“With the extensive design and engineering service offerings available through this partnership, our clients are assured of an expert team from start to finish,” added Kablooe CEO Tom KraMer. “We are agile, user-centric, and flexible enough to always adapt our services to the needs of our clients, whether it is invention, feasibility, proof of concept, or design for production manufacturing.”
IPS won a design award for its work on the AdhereTech smart pill bottle, a personal medical device that uses IOT technology to address medication adherence. Kablooe’s many medical device design projects include the design and development of the RezumR surgical system for Maple Grove, Minn.-based NxThera, which was acquired by Boston Scientific in 2018.
Nonin Medical has also regularly partnered with Kablooe, most recently on creating a patient monitoring solution for emergency responders.
“The integrated service offering combining the first-rate competencies of both Kablooe and IPS underpins our acquisition strategy,” said Forward Industries CEO Terry Wise. “Forward’s ability to provide excellence in medical device design and engineering, a fast-growing sector, clearly positions the company for continued growth.”