Full Press Release Details
Medical Successfully Transitions to Commercial Operations as It Records Revenue Resulting from Its Limited Market Release During the
First Quarter of 2026
transition to the Full Market Release has already resulted in increased revenue for the current Q2, which has already exceeded Q1 revenue,
as utilization and adoption of the LIBERTY System accelerates across multiple sales territories
experiencing increase in recurring customer orders, new accounts and growing pipeline of potential future accounts
Mass., May 14, 2026 - Microbot Medical Inc. (Nasdaq: MBOT), developer and distributor of the innovative LIBERTY
Endovascular Robotic System, announced that it recorded revenue during its fiscal quarter ended March 31, 2026, benefiting from the Limited
Market Release (LMR) of the LIBERTY System which took place during that period. Earlier this quarter, the Company commenced the Full
Market Release (FMR) of the LIBERTY system, and revenue mid-way through the second quarter has already exceeded total first quarter revenue,
driven by the number of accounts since the end of the LMR having more than doubled. Currently, hospitals in six states have adopted the
LIBERTY system, including Georgia, Florida, New York, Michigan, Massachusetts, and North Carolina.
this month, Boston (MA) became the first city and state in which the Company has multiple accounts using the LIBERTY system, which the
Company believes reflects growing commercial momentum. This demonstrates that interest from physicians and hospitals is translating into
new accounts across key sales territories, including two of the three sites that participated in the ACCESS-PVI pivotal clinical trial,
which serves as a strong validation of the added value that it brings. Moreover, the breadth of the procedures that have been performed
using the LIBERTY System includes what the Company believes is the world's first robotic Prostatic Artery Embolization (PAE) for
Benign Prostatic Hyperplasia (BPH), robotic Genicular Artery Embolization (GAE), a minimally invasive, non-surgical outpatient procedure
designed to treat chronic knee pain, typically caused by osteoarthritis, robotic Y-90 radioembolization mapping and treatment for liver
success during the first quarter was demonstrated across multiple metrics, including the continued progress of the limited market release
leading to us commence the Full Market Release, the number of accounts that adopted the LIBERTY system and the users that deployed it
for varied procedures," commented Harel Gadot, Chairman, President and CEO. "Our momentum so far during the second quarter
is encouraging and reinforces our confidence as we have more than doubled the number of accounts and expanded our footprint into several
new cities and states since the commencement of the Full Market Release. Additionally, we believe that customer enthusiasm and satisfaction
remain high, supported by recurring orders to support procedures over the coming weeks and months. Our newest territories in the Midwest
and Mid-Atlantic, which were launched in early April, have already secured accounts, further validating our commercial execution strategy,
and it emboldens the team as we continue to roll out the commercial strategy to penetrate population-rich regions in the U.S. in the
second half of the year along with commercial readiness activities in international markets."
Company expects commercial adoption to accelerate as recent value-enhancing developments, such as updated guidelines on occupational
radiation and musculoskeletal protection adopted by at least nine medical societies and supported by the American Medical Association
(AMA), could help drive adoption of the LIBERTY System. These industry tailwinds, along with continued visibility at major conferences
such as SIR and the upcoming Annual Global Embolization Symposium & Technologies (GEST) Conference taking place in New York City
this week, are expected to support continued U.S. commercial adoption and facilitate the Company's growth as it builds a global
commercial infrastructure.
Medical Inc. (NASDAQ: MBOT) is a commercial stage medical device company focused on transforming endovascular procedures through advanced
robotic technology. Microbot's LIBERTY Endovascular Robotic System is the first single-use, remotely operated robotic
solution designed for precision, efficiency and safety. Backed by a strong intellectual property portfolio and a commitment to innovation,
Microbot is driving the future of endovascular care.
more at www.microbotmedical.com and connect on LinkedIn and X.
to future financial and/or operating results, future adoption of products, future growth in research, technology, clinical development,
commercialization 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 "contemplates," "continues," "could," "forecasts,"
"intends," "may," "might," "possible," "potential," "predicts,"
"projects," "should," "would," "will," "believes," "plans," "anticipates,"
"expects," "estimates" and similar expressions) should also be considered to be forward-looking statements, but
the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements involve risks and uncertainties,
including, without limitation, market conditions, risks inherent in the commercialization of the LIBERTY Endovascular
Robotic System, and in the development of future versions of or applications for the system, uncertainty in the results of regulatory
pathways and regulatory approvals, uncertainty resulting from political, social and geopolitical conditions, particularly any changes
in personnel or processes or procedures at the FDA and announcements of tariffs on imports into the U.S., disruptions resulting from
new and ongoing hostilities between Israel and the Palestinians, Iran and other neighboring countries, 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.