SINGAPORE, Feb 10, 2022– Zen Koh, Co-Founder and Group Deputy CEO of Fourier Intelligence, has been elected as the incoming President of The International Industry Society in Advanced Rehabilitation Technology (IISART) during the society’s most recent virtual General Assembly on 20th January 2022. The election was conducted amongst the key members of IISART through an anonymous voting poll.
As a leader in the rehabilitation field for 20 years, Zen has founded several MedTech companies. “I am honoured to have the support from the members of IISART. With my presidency in IISART, we can drive the rehabilitation industry forward through adaptation in technologies and innovation,” said Zen, who has been awarded by MD+DI as one of the Top 40 Under 40 Future Most Influential Leaders in MedTech.
Dr Martina Spiess, the Co-President of IISART (2019 – 2021) and a Research Associate from Zurich University of Applied Sciences, has stated, “The steering committee of IISART acknowledges Zen’s support and contribution throughout these years; Zen is no doubt the ideal candidate for the President of IISART”.
Dr Iris Jakob, the second Co-President of IISART (2019 – 2021) and a Scientific Coordinator of Tyromotion, has described, “Zen is certainly well-connected and has proven his successes in the rehabilitation field. With Zen spearheading IISART, he will be the drive for different companies to collaboratively work together with IISART to promote knowledge and raise the standards of advanced rehabilitation technology”.
Dr Gery Colombo, the founder and former CEO of Hocoma AG and Founding President of IISART, has expressed that with Zen’s leadership, there will be diversity where different perspectives are valued and sought. “Closing the gaps between a manufacturer’s pain point and a customer’s standpoint, while prioritising the patient’s need, is what the industry is hoping to improve; Zen can contribute and help expedite the process. Take the RehabWeek for instance, numerous delegates will be able to corroborate that Zen was able to bring more people with similar interests together”.
“It is great and exciting to see how IISART is developing. With the seven new members, the society will become even stronger! Thank you to all the steering members for keeping this important mission going so well”, concluded Dr Gery Colombo at the end of the General Assembly.
IISART represents the interests of developers, manufacturers and marketers of medical devices with their products and services in Robotics, Virtual Rehabilitation and Therapeutic Electrical Stimulation. IISART strives to shape the future of rehabilitation with the collective efforts of its central panel members. For more information, please visit https://iisart.org/
The new funding will accelerate market expansion, enable innovation across its advanced healthcare robotics solutions and accelerate global growth opportunities
SINGAPORE, January 26, 2022 – Fourier Intelligence, a Shanghai-based medical technology company, received a growth investment of RMB 400 million in Series D Funding, led by SoftBank Vision Fund 2 and backed by Saudi Aramco P7 Venture Fund and the Yuanjing Vision Plus Capital. The new funding will accelerate Fourier’s go-to-market expansion, enable innovation across its advanced healthcare robotics solutions and accelerate global growth opportunities.
Led by Alex Gu, Founder and Group CEO, and Zen Koh, Co-Founder and Group Deputy CEO, Fourier Intelligence is a global leader in Neurorehabilitation Robotics, Artificial Intelligence (AI) and digital rehabilitation solutions for the healthcare industry. Leveraging intelligent robotics, smart actuators, sensors, machine learning, and proprietary control algorithms, Fourier develops and provides an intelligent healthcare robotic platform, RehabHub™, that delivers tailored digital healthcare solutions that revolutionise the neurorehabilitation industry. The company has 1,000+ global institutional healthcare customers and 17 international research joint labs in Singapore, Chicago, Phoenix, Zürich, Melbourne, Madrid, Kobe, and Kuala Lumpur.
“Fourier focused on delivering widespread patient access to technology-enabled therapies. We achieve this with our intelligent robotic solution, RehabHub™, which is effective and affordable.“
— Zen Koh, Co-founder & Group Deputy CEO
“The rehabilitation market has significant tech adoption potential, and we grew our revenue close to over 3 times in 2021, despite the challenges posed by the global pandemic.”, said Alex Gu, Founder and Group CEO of Fourier Intelligence. “China sees increasing demand for rehabilitation services with the ageing population, increased number of patients with chronic diseases, and rehab development in the clinics. There has been a continuous shortage of physicians nationwide. In addition, Fourier’s comprehensive product portfolio with solid capabilities in hardware (including force sensor, monitor, and controller) and algorithm (for force control and feedback) is well-positioned to address clinical pain points. We believe intelligent rehabilitation technology companies like Fourier Intelligence can solve the talent bottleneck and provide practical and quantifiable treatments to improve patient outcomes. We are pleased to partner with Joanne Xu and the SoftBank Investment Advisers team to continue our development of the intelligent rehabilitation sector. We look forward to harnessing their support to create significant value not only for the medical rehabilitation robotic communities but also for the robotic world to tackle the most complex global challenges facing humanity and the environment.”
As a global leading manufacturer and solutions provider of AI-powered rehabilitation robotics, Fourier is committed to technological innovation and has been leading, supporting, and participating in international scientific research in the field of rehabilitation robotics. Some of such initiatives are joint research laboratories, respectively, with the Shirley Ryan AbilityLab (formerly known as the Rehabilitation Institute of Chicago) in the United States, the University of Melbourne in Australia, ETH Zürich in Switzerland, National University of Singapore, Kobe University in Japan and the KITE Research Institute at the Toronto Rehabilitation Institute in Canada. These partnerships put Fourier at the forefront of technological innovation and enable Fourier to offer industry-leading products across end-to-end rehabilitation services, with innovative solutions to solve specific clinical constraints.
Influential Colossal Investment Institution Backs Unicorn-to-be Neurorehabilitation Robotic Company in Defining the Future of the Industry
“As China’s population ages, there is increasing demand for rehabilitation services, but these patients face a shortage of qualified therapists,” said Joanne Xu, Partner at SoftBank Investment Advisers. “We believe that Fourier Intelligence is well placed to solve this talent bottleneck by using technology to provide effective and quantifiable treatments to achieve better patient outcomes. It has built an integrated solution combining a digital platform, hospital services and a comprehensive product portfolio in collaboration with 30+ world-leading hospitals and research institutions. We are excited to partner with Alex Gu and the team to support technological innovation in China’s rehabilitation sector.”
Driven by its vision of ‘rehabilitation for all’ through intelligent technology, Fourier Intelligence implemented a series of modern rehabilitation centres with strategic institutional clinical partners under its RehabHub™ concept. The possibility of data interconnectivity and multi-machine coordination between multiple rehabilitation robotics reduced the number of clinicians required, significantly improving efficiency and costs. The company aims to become a global one-stop solution provider for intelligent rehabilitation whilst providing world-class technology that is affordable and highly competitive for the clinical market.
“Our mission as a company is to enable widespread patient access to life-changing technology-enabled therapies. One of the biggest obstacles to achieving this is the high costs and low technology adoption rate. Our team focused on the urgent need to enhance availability, accessibility, and affordability, yet ensuring the effectiveness of our intelligent robotic solution, RehabHub™,” added Zen Koh. “The significant experience and capital that our strategic investors bring to Fourier will help us rapidly realise global commercialisation and to deliver these innovative therapies to as many patients as quickly as possible.”
“Prosperity 7 is thrilled to continue supporting Fourier in this latest round of investment and through ongoing strategic collaboration,” said Aysar Tayeb, Executive Managing Director of P7. “We hope to land Fourier’s rehabilitation solutions within the Kingdom’s network of hospitals and clinics and look forward to working with the company to deliver the most advanced rehabilitation services and solutions and improve recovery and the quality of life for patients in Saudi Arabia and beyond.”
Rehabilitation robotics pioneers, Fourier Intelligence, formally accepted as members of the International Federation of Robotics (IFR)
SINGAPORE, Jan 20, 2022 – Fourier Intelligence has been formally accepted as a member of the International Federation of Robotics (IFR), joining a group of well-acclaimed institutional members from the robotics industry and research and development institutes such as KUKA, Intel and Panasonic. Fourier Intelligence will also be the pioneering member to represent rehabilitation robotics in the IFR.
The IFR’s mission is to connect the world of robotics around the globe, with the aim of promoting the positive benefits of robotics for productivity, competitiveness, economic growth, and quality of work and life. This non-profit organisation also serves the purpose to promote research, development, use and international co-operation in the entire field of robotics.
“We are happy and very much looking forward to being part of the IFR,” said Zen Koh, Co-Founder and Global HQ CEO of Fourier Intelligence. “Being a member of this federation is a great privilege. This will allow us to have a platform to share information on the latest technology trends and exchange ideas with other top members in this. We are also excited to foster more alliances and partnerships with other members which we believe will be very beneficial to our company’s growth.”
“Besides that, the vision of the federation also aligns perfectly with Fourier’s vision, which is to promote the positive benefits of robotics in various fields such as rehabilitation. As a pioneering member to represent rehabilitation robotics, we are very excited to advocate the adoption of robotics in rehabilitation worldwide.”
The IFR also works closely with the Institute of Electrical and Electronics Engineers (IEEE), the world’s largest technical professional organisation for electronic and electrical engineering. Since 2005, together with the IEEE, both has been co-sponsoring the IEEE/IFR Innovation and Entrepreneurship Award. The purpose of this award is to recognise the entrepreneurial commercialisation of ideas into actual products. The IFR and IEEE also jointly sponsors the IERA (Innovation and Entrepreneurship in Robotics and Automation) Award, which is to honor achievements of investors who propel value creating ideas into world-class products. Both the IFR and IEEE have a huge influence in the robotics industry.
Upon being accepted as a member of the IFR, Fourier Intelligence has plans to work closely together to release more white papers on rehabilitation robotics. Fourier Intelligence believes that together with the vast network of over 75 members of IFR from more than 20 countries, the awareness and adoption of rehab robotics can be more widely promoted globally.
Barrow Neurological Institute and Fourier Intelligence to continue their collaboration in advancing rehabilitation technology
ARIZONA, January 10, 2022 – In light of their initial Memorandum of Understanding (MoU) that was signed in 2019, Barrow Neurological Institute and Fourier Intelligence have decided to continue their collaboration in advancing rehabilitation technology through signing a new MoU.
The signing ceremony was held virtually on the 10th of January 2022 to commemorate the collaboration between both parties. The MoU signing ceremony was led by Trent Maruyama, Program Manager for Rehabilitation Technology of Barrow Neurological Institute and Zen Koh, Co-Founder and Global Hub CEO of Fourier Intelligence. Also present to witness the virtual signing ceremony were Fourier Intelligence’s General Manager, Mr Owen Teoh, Senior Manager for Clinical Application and Research, Ms Sarah Lim, Clinical Consultants for Oceania and North America, Ms Taya Hamilton and Ms Daniela Mattos.
This MoU renewal will further strengthen the current cooperation and relationship between both parties to continue working closely together in this and other future research. “This MoU builds on an already strong relationship with Barrow Neurological Institute,” said Zen Koh. “We look forward to continue providing them with our assistance in their research through our intelligent robotic rehabilitation devices as well as other additional support.”
Zen Koh also mentioned that he believes that the similar ambitions between Fourier Intelligence and Barrow Neurological Institute contributes to the success of this collaboration. “Both Fourier and Barrow Neurological Institute care greatly about rehabilitation and aspire to advance rehabilitation technology. We have been working closely with them since 2019 and we have seen tremendous progress in the clinical application area. We are truly grateful for this understanding.”
Trent Maruyama also gave his comments when asked about his thoughts and opinions of signing the MoU. “We have had nothing but very positive results throughout the previous collaboration and I am very excited to achieve more in the upcoming years to further advance the science and technology in rehabilitation.”, said Trent.
“The main thing we are trying to achieve from this new collaboration is to push the limitation of rehabilitation robotics. Combining Fourier’s science and engineering capabilities with the clinical skillset from Barrow Neurological Institute, we believe that it is the perfect match to push the boundaries in bringing rehabilitation robotics to the next level.”, added Trent.
Barrow Neurological Institute, the world’s largest neurological research institution and one of the best neurosurgical training centres in the United States, are currently conducting research with Arizona State University to evaluate the efficacy of robotics and conventional therapy in the rehabilitation of acute stroke patients using a couple of Fourier Intelligence’s ArmMotus™ M2 Gen.
For investor and media inquiries, please contact: Grace Ng, Senior Marketing Manager, Fourier Intelligence Phone: +6016-245-1585 Email: email@example.com
Co-Founder and Global Hub CEO, Zen Koh, discusses about Fourier Intelligence’s influence and success to the world
SINGAPORE, Dec 23, 2021 – With the expansion of Fourier Intelligence continuing at pace globally, and its rehabilitation robotics being used increasingly around the world, its international presence has never been stronger. Zen Koh, Co-Founder and Global Hub CEO of Fourier Intelligence talks about Fourier’s collaboration with University of Melbourne, led by world-renowned figure in robotics, Professor Denny Oetomo.
Its partnership with University of Melbourne, finalised in 2019, proves to be a key component in its international expansion. Through the creation of the Robotics Laboratory, a joint initiative between the University of Melbourne and Fourier, the opportunities for innovation and knowledge transfer between experts are being channelled into increasing rehab provision on an international scale. This can be seen from the result of the development and launch of the ArmMotus™ EMU – Fourier’s latest and next-gen robot, hailed as the “neurorehabilitation redefining technology”.
Fourier Intelligence supported the finals of the 5th edition of the Innorehab
SHANGHAI, Dec 11, 2021 – The finals of the 5th edition of the Innorehab was held in Shanghai Zhangjiang Robot Valley, Pudong New Area in Shanghai and was hosted by the Chinese Journal of Rehabilitation Medicine with support from Fourier Intelligence. Team “Grasp the Future with Your Hands” took first place in the competition with their work titled “Multi degree-of-freedom Fine Assisted Hand Rehabilitation Exoskeleton Robot”.
The Innorehab has been held for five consecutive years and has become a creative platform for the rehabilitation industry domestically. The competition aims to provide a stage for Chinese rehabilitation workers to showcase their creativity in the rehabilitation field, provide sustainable ways to industrialise their ideas and promote continuous development of China’s rehabilitation medicine. The competition also boosts the development of rehabilitation technology in China to a new level. Compared with previous years, the number of participants has reached a new high, with 45% increment in the “prototype stage” and 34% in the “design stage”.
The top 10 finalists in the Innorehab 2021 covered a wide range of topics and interests in the rehabilitation field such as ideal companions for elderly osteoporosis patients, social assistance robots for children with autism spectrum disorders, pelvis assisted exoskeleton system, and the intelligent closed-loop control cupping device. The intelligent closed-loop control cupping device took the runner-up spot, perfectly showcasing the combination of traditional Chinese medicine with modern technology. The amazing cooperation between a team of engineers and clinical frontliners successfully won the third place with their retractor.
The winning team came from the Institute of Automation of the Chinese Academy of Sciences. Their multi degree-of-freedom fine assisted hand rehabilitation exoskeleton robot fully embodies the innovative power of science and technology. Ao Lijuan, dean of the School Rehabilitation of Kunming Medical University, believes that this work has successfully achieved three degrees of freedom for the thumb with control of three motors.
Wu Yi, director of the Department of Rehabilitation Medicine at Huashan Hospital affiliated to Fudan University, pointed out that, “In the past 5 years, we have seen an increasing number of rehabilitation workers, students and groups participate in the Innorehab. We have found that the submissions have been more clinical, and the quality of the work has been improving. Some of the ideas and designs even successfully became an actual product.”
Alex Gu Jie, the President of Fourier Intelligence Group, commented that a large number of works have been relatively improved this year. “The submissions have really matured this year. We not only see drawings and sketches now, but we also seen many actual prototypes. This is very exciting for us as it means that people are taking this competition more seriously now.”
General Manager of Fourier Intelligence Global Hub, Owen Teoh, who was watching the live stream of the Innorehab, was very impressed with this year’s top 10 finalists. “This year’s finalists showcased really impressive innovations and ideas. I have previously attended the Innorehab in Shanghai a few years back and it was a great experience. We have since then work on bringing the Innorehab to other countries especially Malaysia, Singapore and Australia, and hopefully we will be successful with that in the near future.”
Fourier Intelligence supports University of Malaya Medical Centre’s event in conjunction with International Day of Persons with Disabilities
KUALA LUMPUR, Dec 10, 2021 – Fourier Intelligence supports University of Malaya Medical Centre’s (UMMC) “A Group Exhibition by Artists-Patients”, an event hosted by UMMC in conjunction with the International Day of Persons with Disabilities that will be held from December 4th to 14th 2021 in the Plaza, University Malaya Medical Centre.
This event was an initiative done by the Department of Rehabilitation Medicine of UMMC to showcase their support to people with disabilities. This event also serves to create more awareness to the public regarding to the International Day of Persons with Disabilities that falls on the 3rd of December annually. The International Day of Persons with Disabilities aims to promote the rights and well-being of persons with disabilities (PWDs) in all spheres of societies.
To showcase this support for PWDs, the Department of Rehabilitation Medicine of UMMC organised a group art exhibition for their patients with disabilities to display their artworks. Amazing artworks such as drawing, painting, sketches, batiks, and masks were proudly displayed throughout the Plaza. These artworks were also available for sale to the public with profits returning to the patients themselves.
Prof Dr. Madya Mazlina binti Mazlan, Head of Department of Rehabilitation Medicine, expresses her gratitude to all the attendees and participants during her opening speech. She also reminded everyone on the objective and importance of the event which is to generate more public awareness and support PWDs. The director of UMMC, Professor Dr. Nazirah binti Hasnan, were also in attendance to the opening ceremony of this event which was accompanied by musical performances such as piano and singing by PWDs.
Fourier Intelligence is one of the main sponsors of this event, further emphasizing on their support for PWDs. Tai Zhi Kang, Business Development Director of Fourier Intelligence, also attended the event. “It was remarkable to witness the department of rehabilitation medicine of UMMC carry out such a successful event. It opens one eye to the endless possibilities and abilities of PWDs to create such amazing series of artworks. This event serves as a great platform for PWDs to showcase their talents and abilities as well as to generate public awareness.”
Feel free to show your support for this event in the Plaza, University of Malaya Medical Centre as the admission is free of charge. Exhibition period will be on the weekdays from 9am to 4pm. For more information, visit here
Fourier Intelligence will be hosting Innorehab, a creative rehabilitation competition, this weekend
SHANGHAI, Nov 7, 2021 – Fourier Intelligence will be hosting the 5th edition of the Innorehab at their headquarters located in Zhangjiang Robot Valley, Pudong New Area on the 11th of December at 1:30pm.
Innorehab is an annual competition organised by the Chinese Journal of Rehabilitation Medicine and Fourier Intelligence to provide a platform for first-line rehabilitation therapists and physicians from local hospitals in China, groups or individuals who are keen on research and development of rehabilitation products as well as university professors and students with pursuing rehabilitation majors to brainstorm high-quality rehabilitation methods, solve current rehabilitation problems and promote the development of the rehabilitation industry in various aspects.
Since the opening of the registration on 2nd of July 2021, the preliminary round of Innorehab has received thousands of submissions with re-entry rate of previous contestants exceeding 30%. Approximately half of the submissions come from lecturers and students, who are closely following the trend of medical-industry integration to build more advanced clinical rehabilitation.
The submissions then went through a preliminary review that was led thoroughly by Zhu Yulian, deputy director of the Department of Rehabilitation Medicine of Huashan Hospital & Fudan University, and many other top rehabilitation physicians and rehabilitation therapists to select ten of the best projects for the final round. The review was based on 4 important criteria – practicality, scientifically, readiness, and technology level.
For more information about Innorehab, feel free to scan this QR code.
Fourier Intelligence Co-Founder and Global Hub CEO, Zen Koh, speaks about the company’s headquarters relocation and future expansion into Europe and Australia
SINGAPORE, Nov 30, 2021 – Co-Founder and Global Hub CEO of Fourier Intelligence, Zen Koh, gave NR Times insights to the relocation of the company’s headquarters into the hugely sought-after ‘Silicon Valley of the East’ and its future expansion into Europe and Australia.
Fourier Intelligence will be taking a huge step forward in the company’s ongoing and significant expansion to further increase its prominence on a global scale through establishing new offices in Switzerland and Australia by the end of 2022. This expansion will be supported by some of the leading scientists and R&D leaders to help advance its research and product development even further – adding to its ten subsidiaries and joint research laboratories around the world. Other cities in the future plans of expansion are Chicago, Madrid, and London as well.
Zen Koh represented Fourier Intelligence at the Future Investment Initiative (FII) 5th Anniversary event alongside companies and institutions such as GE Health Group and BlackRock in Beijing
BEIJING, October 27, 2021 –Zen Koh, Co-Founder and Global Hub CEO, represented Fourier Intelligence at the Future Investment Initiative’s (FII) 5th Anniversary that took place in Beijing on October 26th to 28th 2021.
The FII Institute, which powers the Future Investment Initiative event, is a globally recognised institute that aims to leave a positive impact on humanity. The FII Institute foster great minds from all around the world and turn ideas into real-world solutions in five critical areas: Sustainability, Healthcare, Education, Artificial Intelligence and Robotics.
Due to the current international traveling restrictions, several satellite hubs including Beijing, Paris and New York was set up to connect with the central venue in Riyadh in real time to be streamed live simultaneously. The conference was attended by politicians, business giants and industry leaders from all around the world including Saudi’s Treasury Minister – Mohammed Bin Abdullah bin Abdulaziz Al-Jadaan, U.S. Treasury Secretary – Steven Terner Mnuchin, Italian Minister of Economy and Finance – Pier Carlo Padoan, Managing Director of the International Monetary Fund – Kristalina Georgieva, World Bank President – David R. Malpass, HSBC Group CEO – Neol Quinn, UK General Electric (GE) Healthcare Group President and CEO – Kieran Murphy and many other influential figures.
The FII is also known as the “Desert Davos”. It is chaired by Saudi Arabia’s Economic and Development Commission, Chairman of the Public Investment Fund and Crown Prince, Mohammed bin Salman bin Abdul of Saudi Arabia. Through the 3-day immersive conference, the objective was to explore the multiple investment fields and development paths that will help shape the future of global economy and drive the economic reform to shape the future of global investment.
The conference mainly focused on topics concerning 4 areas which were health, sustainable development, AI, and robotics. Within the framework of this agenda, participants traded ideas about post-pandemic solutions to public health’s issues and challenges. Healthcare was the major portion of the discussion during the conference.
Zen Koh, Fourier Intelligence’s Co-Founder & Deputy CEO, was invited to deliver a keynote speech on “Robotics – Future of Neurorehabilitation” in the Beijing satellite hub, shared how AI and robotics reshaped the medical rehabilitation industry in China’s upstream and downstream industrial chains. He also explained how this will create a sustainable rehabilitation ecosystem and a new blueprint for intelligent rehabilitation for all. Fourier Intelligence’s concept and business insights became the highlight of the conference and unlocked a new vision for the future.
Zen mentioned during his interview, that investments should not be pursued to “make quick money” or to purely gain profit that may leave a negative impact on the environmental development or, to increase the gap between the rich and the poor. “Mankind is a community with a shared future. The sustainable development of mankind advocated by the FII summit is meaningful, which coincides with Fourier’s concept of development.” said Zen.
“By changing the rehabilitation methods of individual patients, we are promoting reformation of the industry. The need to standardise intelligent rehabilitation will accelerate the transformation of traditional rehabilitation medicine to a more modern one. In China, Fourier Intelligence is developing this concept from the ground level to the community. Our objective is to continuously contribute more and more to the health and well-being of mankind.” Said Zen Koh, further assuring Fourier Intelligence’s involvement in this industry for the years to come.
At this conference, Fourier Intelligence has managed to attract worldwide attention with its top scientific research, global strategic deployments, advanced concepts, and broad market development prospects. In addition, Fourier Intelligence received tens of millions of USD in the C+ financing round led by Saudi Aramco’s Prosperity7 Ventures fund in July this year. Both parties has plans to carry out in-depth cooperation in clinical applications and scientific research.