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Ekso Bionics Holdings, Inc (NASDAQ:EKSO) Moves Ahead To Consider Cost Reductions As A Strategy Lower Operating Expenses

Ekso Bionics Holdings, Inc (NASDAQ:EKSO),which happens to be one of the top and most renowned robotic exoskeleton companies globally has come forward to make the announcement about its plan to move ahead and streamline its wide range of operations.

On the same note, it also hopes to reduce its workforce by about 25% which will go a long way to help it reduce cash burn as well as lower the operational expenses. It is not the first time that a top company is resorting to this nature of a strategy. It has been done before by other top companies and as a matter of fact brought about desirable results.

Ekso Bionics Holdings, Inc (NASDAQ:EKSO) has been said to be lately casting its net into a wide array of opportunities that will help generate high revenues. This comes at a moment when the top notch provider is looking into implementing a number of changes as well as expansions that will help it outshine the rest to become one of the industry leaders.

The President and Chief Executive Officer of Ekso Bionics, Thomas Looby while addressing a number of top news reporters said, “We acknowledge the hard work of those affected by this decision, all of whom have been instrumental in bringing our life-changing technologies to market. We remain on track with our strategic priority of establishing our unique products as industry standard.”

The successful implementation of these particular cutbacks will move quite a long way towards helping the top provider reduce about 25% of its monthly operating expense.

Ekso Bionics Holdings, Inc hopes to thrive in a special way in the industrial markets and it hopes that by embracing the right kind of partnerships it will be able to increase general awareness. In the same line, it also hopes to succeed in a major way in the utilization of Ekso Bionics’ exoskeleton solutions and the industrial sector stands to benefit in a great way.

In long and short, the top provider has showcased great dedication to work and provision of top end solutions to its wide customer base. According to one if the company’s top executives, they hope to uphold the same spirit in the future.

Published by Neha Gupta

Swati has worked in diverse capacities from financial research to currency trading in a span of 3 years.

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