Kinesis Health Technologies, a University College Dublin spin-out, and Shimmer has announced a partnership worth €3 million incorporating Shimmer’s award winning sensor platform into Kinesis' QTUG™ technology.
Kinesis QTUG™ (Quantitative Timed Up and Go) is a ground-breaking evidenced-based technology which allows for earlier detection of mobility impairment and falls risk in older adults and aims to advance the field of falls prevention.
The product, which is based on research conducted in Ireland, is a Class I medical device registered in Europe, US and Canada.
Falls in the elderly are a major problem worldwide, it is estimated that 30% of adults over 65 years of age fall each year. Incidence rates in hospitals and long-term care settings are higher with approximately 30–50% of people falling each year, with 40% of those falling recurrently. The direct and indirect societal costs of falls are enormous. In the US alone, the cost of falls has been estimated to be in the region of US $30 billion per annum.
The partnership, which includes Shimmer’s sensor platform in Kinesis’ QTUG™ product will be worth approximately €3 million to Shimmer over the next four years. Initially the Kinesis QTUG™ product will be available in North America, Ireland and the U.K.
Dr. Barry Greene, CTO, Kinesis Health Technologies; Seamus Small, CEO, Kinesis Health Technologies and Paul Doherty, Vice-President of Sales, Shimmer.
For more information, visit UCDInnovation.