Transcript Status

Introducing Adicep
Our Mission
• Developing and bringing to market
innovations in metabolically efficient torso
support, from simple braces to load
carrying aids, to advanced walking
systems – wherever quadriceps are
insufficient, we will be there to offer
needed support
What is Adicep?
• Angel funded medical devices startup
• Comprised of MIT and Harvard educated
engineers and leaders
• Possess exclusive unlimited use of patent
pending technology passed in from
predecessor research project, Powered
Prosthetics, Inc.
Team Adicep
• CEO: Nicholas Howard
– MIT ’99 BS Management Science
– 4 years as General Manager and IT developer of a
recruiting firm introducing the use of Information
management for competitive advantage
• SVP engineering: John Rokosz
– 20 years of experience: managed development
organizations: hardware, software engineering
services, compliance, ASIC, product verification
Team Adicep
• Chief technical advisor: Philip Carvey
– 7 startup affiliations, most recently as founder, CTO,
and VP engineering at Avici
• Engineers:
– Matthew Carvey
• MIT ’05 BS Mechanical Engineering
– Andrew Carvey
• MIT ’03 BS Mechanical Engineering
• (candidate) MIT ’06 MS Mechanical Engineering
The Problem
• Insufficient quad strength
– General weakness (polio, muscle
damage, age)
– Excess load (obesity, armor)
– Paralysis (including partial)
• Existing solutions’ shortcomings
– Limited terrain (difficulty on
stair/slopes)
– Extra work or massive power
requirements
– High cost to performance
– Awkward gait
The Opportunity
• The underserved market
– the elderly
– stroke victims
– the obese
– excess load carriers
• full body armor with A/C
• new parents
• backpackers
Our core solution
• Simply put:
– a spring in series with a computer
controlled clutch;
– both in parallel with another
computer controlled clutch
• Allows storage of energy
– usually lost during flexion
– recycled during flexion
– Energy savings exceed cost of
carrying device
• Braking
– Dissipates excess energy under
heavy load (walking downhill)
– Decreases knee stress
Conceptual model of
Adicep joint
Our Products
• Phase 1:
– ASM: Adicep Stance Master (“stance-control” uses)
– ARA: Adicep Running Aid (non-medical uses)
• Phase 2:
– ASP: Adicep Support Platform (military/“human mule”
applications)
– APA: Adicep Prosthetic Adjuvant
• Phase 3:
– AWA: Adicep Walking Aid (bipedal solutions for
paraplegics and beyond)
Target Market (US numbers only)
• Phase 1:
– Existing orthotics candidates, particularly
those who typically decide to forego them;
2M-4M
– Stroke victims; 3M-6M
– The obese; approching 10M
• Phase 2:
– Military; 100k-200k
– Amputees; 1M-2M
Bringing it to the customer
• Licensing to existing orthotics distributors
(Kingsley Manufacturing, Zimmer, etc.)
• Direct to orthotists for custom fitting just
the joint
• Retail (non-medical – Brookstone,
Sharper-Image, etc.)
• Direct to consumer – head-to-head against
the scooters