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Microbot Medical's Remote Controller for the LIBERTY Robotic System Receives Design Patent Allowance in Japan Allows Endovascular Procedure to be Performed from the Cath-Lab Control Room, Potentially Minimizing Radiation

Key Takeaway: Microbot Medical Inc. announced that their LIBERTY Robotic System's remote controller has received a design patent allowance in Japan. This recognition adds to existing patents in the U.S. and Europe, and highlights the innovative nature of the device. It aims to reduce radiation exposure and physical strain on healthcare providers during endovascular procedures. The ergonomic design has received positive feedback from physicians, which is essential for improving patient care outcomes.

Market Sentiment Analysis

POSITIVE FACTORS

  • Design patent allowance in Japan strengthens global IP portfolio.
  • Potential to reduce radiation exposure for healthcare providers.
  • Ergonomic remote controller enhances patient care capabilities.
  • Positive feedback from physicians during lab sessions.

Full Press Release Details

Medical's Remote Controller for the LIBERTY Robotic System Receives Design Patent Allowance in Japan
Endovascular Procedure to be Performed from the Cath-Lab Control Room, Potentially Minimizing Radiation Exposure and Reducing Physical
Strain for the Healthcare Providers
Patent Complements Existing U.S. and European Design Patents as Feedback During Recent Meetings Continues to Support a Positive User
Mass., February 23, 2023 - Microbot Medical Inc. (Nasdaq: MBOT), announced that Japan is the most recent global jurisdiction
to recognize the unique interface design of the LIBERTY Robotic System's remote controller. The design patent,
which was issued by the Japan Patent Office (JPO), complements similar design patent allowances in the U.S. and Europe, further strengthening
the Company's global intellectual property (IP) portfolio.
believe the ability to perform an endovascular procedure remotely, while reducing radiation exposure and the physical strain due to wearing
a lead vest for an extensive period of time, is a major benefit to the physician and patients," commented Dr. Eyal Morag, Chief
Medical Officer. "By eliminating these issues, it allows the healthcare provider to better focus on delivering the best patient
care to achieve better outcomes."
the recent pivotal animal study, as well as other physician-sponsored lab sessions with multiple Key Opinion Leaders in Europe and the
Americas, when using the LIBERTY Robotic System physicians were given the option to use the remote-controlled activation from the safety
and convenience of the cath-lab control room.
R&D team spent a considerable amount of time designing the remote controller for the LIBERTY Robotic System and the recognition by
Japan, along with other jurisdictions, proves that the design is unique and innovative," commented Simon Sharon, General Manager
and Chief Technology Officer. "We developed a controller that is ergonomic, and we believe is ready to meet the demands of the
interventional radiologist community, aimed to allow users to perform procedures, safely and away from the radiation source."
Medical Inc. (NASDAQ: MBOT) is a pre-clinical medical device company that specializes in transformational micro-robotic technologies,
focused primarily on both natural and artificial lumens within the human body. Microbot's current proprietary technological platforms
provide the foundation for the development of a Multi Generation Pipeline Portfolio (MGPP).
Medical was founded in 2010 by Harel Gadot, Prof. Moshe Shoham, and Yossi Bornstein with the goals of improving clinical outcomes for
patients and increasing accessibility through the use of micro-robotic technologies. Further information about Microbot Medical is available
to future financial and/or operating results, future growth in research, technology, clinical development, and potential opportunities
for Microbot Medical Inc. and its subsidiaries, along with other statements about the future expectations, beliefs, goals, plans, or
prospects expressed by management, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform
Act of 1995 and the Federal securities laws. Any statements that are not historical fact (including, but not limited to statements that
contain words such as "will," "believes," "plans," "anticipates," "expects"
and "estimates") should also be considered to be forward-looking statements. Forward-looking statements involve risks and
uncertainties, including, without limitation, market conditions, risks inherent in the development and/or commercialization of potential
products, including LIBERTY and the One & DoneTM technologies, the outcome of its studies to evaluate LIBERTY, the One
& DoneTM technologies and other existing and future technologies, any failure or inability to recruit physicians and clinicians
to serve as primary investigators to conduct regulatory studies which could adversely affect or delay such studies, uncertainty in the
results of pre-clinical studies and clinical trials or regulatory pathways and regulatory approvals, uncertainty resulting from the COVID-19
pandemic, need and ability to obtain future capital, and maintenance of intellectual property rights. Additional information on risks
facing Microbot Medical can be found under the heading "Risk Factors" in Microbot Medical's periodic reports filed
with the Securities and Exchange Commission (SEC), which are available on the SEC's web site at www.sec.gov. Microbot Medical disclaims
any intent or obligation to update these forward-looking statements, except as required by law.

Frequently Asked Questions

What recent patent was issued for Microbot Medical's LIBERTY System?

Japan has allowed a design patent for the LIBERTY Robotic System's remote controller.

How does the LIBERTY System benefit healthcare providers?

It reduces radiation exposure and physical strain, allowing better patient care.

What functionality does the remote controller provide?

It allows endovascular procedures to be performed from the cath-lab control room.

What regions previously recognized the LIBERTY System's design?

The design patent has also been allowed in the U.S. and Europe.

Who co-founded Microbot Medical?

Microbot Medical was founded by Harel Gadot, Prof. Moshe Shoham, and Yossi Bornstein.

Last updated: Feb 23, 2023