The Lucid Robotic System has received FDA clearance. Source: Neural Analytics
LOS ANGELES — Neural Analytics Inc., a medical robotics company developing and commercializing technologies to measure and track brain health, has announced a strategic partnership with NGK Spark Plug Co., a Japan-based company that specializes in comprehensive ceramics processing. Neural Analytics said the partnership will allow it to expand its manufacturing capabilities and global footprint.
Neural Analytics’ Lucid Robotic System (LRS) includes the Lucid M1 Transcranial Doppler Ultrasound System and NeuralBot system. The resulting autonomous robotic transcranial doppler (rTCD) platform is designed to non-invasively search, measure, and display objective brain blood-flow information in real time.
The Los Angeles-based company’s technology integrates ultrasound and robotics to empower clinicians with critical information about brain health to make clinical decisions. Through its algorithm, analytics, and autonomous robotics, Neural Analytics provides valuable information that can identify pathologies such as Patent Foramen Ovale (PFO), a form of right-to-left shunt.
Nagoya, Japan-based NGK Spark Plug claims to be the world’s leading manufacturer of spark plugs and automotive sensors, as well as a broad lineup of packaging, cutting tools, bio ceramics, and industrial ceramics. The company has more than 15,000 employees and develops products related to the environment, energy, next-generation vehicles, and the medical device and diagnostic industries.
Neural Analytics and NGK to provide high-quality parts, global access
“This strategic partnership between Neural Analytics and NGK Spark Plug is built on a shared vision for the future of global healthcare and a foundation of common values,” said Leo Petrossian, Ph.D., co-founder and CEO of Neural Analytics. “We are honored with this opportunity and look forward to learning from our new partners how they have built a great global enterprise,”
NGK Spark Plug has vast manufacturing expertise in ultra-high precision ceramics. With this partnership, both companies said they are committed in working together to build high-quality products at a reasonable cost to allow greater access to technologies like the Lucid Robotic System.
“I am very pleased with this strategic partnership with Neural Analytics,” said Toru Matsui, executive vice president of NGK Spark Plug. “This, combined with a shared vision, is an exciting opportunity for both companies. This alliance enables the acceleration of their great technology to the greater market.”
This follows Neural Analytics’ May announcement of its Series C round close, led by Alpha Edison. In total, the company has raised approximately $70 million in funding to date.
Neural Analytics said it remains “committed to advancing brain healthcare through transformative technology to empower clinicians with the critical information needed to make clinical decisions and improve patient outcomes.”
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