• Verve Logic software and data analytics platform paves the way for game-changing enhancements in industrial worker safety when used in combination with SafeLift exosuit solution. • Sensors embedded in the SafeLift exosuit collect 3D motion and force data while it is being used by workers throughout their day. • The combination of a software platform and unique data analytics, which build off industry standard risk factors, provides ergonomic-based insights for individual worker safety metrics. This enables companies to optimize their facilities according to the unique demands of their tasks and environment. • In an initial deployment of Verve Logic used in combination with the SafeLift exosuit, 97% of workers confirmed it assisted their tasks and 83% noted it enhanced lifting posture. • Verve Motion will demonstrate its wearable robotics solution at MODEX 2024 March 11-14 at Atlanta’s Georgia World Congress Center in Booth #B4200.   CAMBRIDGE, MA, March 6 – In a significant stride toward shaping the future of industrial safety, Verve Motion today introduced a software and data analytics platform, Verve Logic, seamlessly integrated into its innovative wearable robotics SafeLift exosuit. This enhanced product offering aims to pinpoint critical areas that pose injury risks to industrial workers as they work – those who often routinely handle lifting tasks exceeding 50,000 pounds per day – while simultaneously offering coaching to enhance both individual and group performance. Verve Motion will showcase the new Verve Logic platform at MODEX 2024, the premier trade show for supply chain, manufacturing, and distribution industries.   The SafeLift exosuit, the world’s first soft exosuit that offers tailored, adaptive assistance customized for each worker and task, is a lightweight wearable solution that combines real-time motion sensing with robotic assistance. Its comfortable form factor, which wears like a backpack, is designed to power and protect industrial workers. The solution alleviates about 40 percent of the strain on a worker’s back during a typical workday by providing assistance in parallel with their underlying muscles.    A recent customer study found significant impact of the SafeLift exosuit when used in conjunction with the newly launched software, on both workplace safety and efficiency: • According to the findings, 97 percent of workers reported the exosuit assisted in their daily tasks, highlighting the effectiveness of the technology in enhancing job performance; • The study also revealed notable improvement in ergonomic practices among users, with 83 percent stating the exosuit solution improved their lifting posture – a key factor in reducing workplace injuries and promoting long-term health among industrial workers; and • 98 percent of those surveyed said they would recommend the exosuit to a coworker, indicating a high level of satisfaction and confidence in the technology’s ability to transform the workplace.   “The SafeLift exosuit development was informed through extended testing of human subjects where we collected biomechanics data in a lab environment to understand how an individual moves, and how much back offloading the suit provides,” said Conor Walsh, PhD, scientific co-founder Verve Motion and faculty member at Harvard University where he advances exosuit research through the Biodesign Lab. “It is exciting now that Verve Motion is making this same type of data available to workers and their organizations through Verve Logic so they can understand injury risk reduction and optimize the use of SafeLift for their operations.”    “The real-world impact of this technology stems from the exosuit's dual function: it not only protects workers from injuries by supporting their bodies during ergonomically risky lifts but also lessens the effort needed for all lifts, including those considered ‘safe.’ As a result, workers can return home to their families unharmed and with enough energy to enjoy their lives outside of work,” said Christopher Buck, Head of Product at Verve Motion.   Verve Logic - New Platform Poised to Redefine Data Empowerment Now available as a standard feature with the SafeLift exosuit, the Verve Logic platform delivers cutting-edge safety analytics. The software delivers a sophisticated suite of actionable reports and insights, honing in on vital aspects such as ergonomic risk analysis, trend analysis and exosuit utilization. This powerful software empowers industrial workers and allows companies to optimize their facilities according to the unique demands of their tasks and environment.   Among the analytics captured by Verve Logic: • Motion-Based Insights: Sensors embedded in the SafeLift exosuit collect 3D motion and force data while the suit is in use, to help drive safety and operational improvements. The Verve Logic platform goes beyond traditional data gathering, to offer comprehensive insights, including key analytics such as lift count, usage duration, and weight offloaded. The software notably advances further by autonomously identifying risky movements, such as prolonged bending, excessive forward bending, twisting, and side bending, which are known to increase the risk of injury.   This innovative approach empowers individual workers by providing a nuanced understanding of their day-to-day risks, enabling them to make informed adjustments to minimize the likelihood of injuries. Verve Motion's solution empowers leadership teams with the capability to proactively intervene, offering coaching and implementing facility improvements to enhance the overall well-being of their workforce.   • Personalized Reporting and Coaching: Verve Logic further enhances performance with safety reports that provide on-site safety trainers and leadership with clear, actionable insights related to safety. Individualized worker reports offer tailored coaching and feedback, contributing to overall team improvement.   • Customizable Group and Facility Analytics: Verve Logic also offers a customized tool that allows on-site safety teams to pinpoint groups at greater risk of injury through analysis of factors such as job roles, shifts, and experience levels. This data-driven approach facilitates targeted enhancements in coaching and ergonomics, with Verve Logic software streamlining prioritization of these initiatives based on actual distribution site metrics.   A site trainer and warehouse worker at one of the nation’s leading grocery retailers shared his experience, “Verve Logic gives everybody an opportunity to see day-in and day-out what they're doing, what they can do better. I know my biggest thing is extended bending, so I know in the back of my head, when I select not to extend bend that way, I can continue to have a good back later on in life.”    Since its 2020 launch, Verve Motion’s SafeLift exosuits have aided U.S. workers in lifting more than 300 million pounds, reducing lower back and hip injuries by up to 85 percent, and boosting productivity by 3-7 percent, according to usage studies. The technology also enhances worker retention and recruitment. SafeLift exosuits have been deployed in a wide range of industries, including grocery, package distribution, third party logistics, retail, supply chain distribution, and manufacturing.     MODEX 2024 attendees are encouraged to visit Booth #B4200 to discover how Verve Motion is redefining a safer and more productive workforce. MODEX, the largest manufacturing and supply chain expo held in North America and South America, will be held March 11-14, 2024 at the Georgia World Congress Center in Atlanta.   About Verve Motion Verve Motion is a wearable robotics technology company, committed to improving the lives of workers across various industries. With a passion for innovation and a focus on ergonomics, safety, and productivity, the company is developing cutting-edge soft exosuits that redefine the way people work. Spun out of Harvard University's Biodesign Lab, part of the Harvard John A. Paulson School of Engineering and Applied Sciences, Verve Motion is based on a decade of research funded by DARPA, the National Science Foundation, and the National Institutes of Health. Since its inception in 2020, Verve Motion has raised more than $40 million in financing from a diverse group of investors. For more information, visit www.vervemotion.com.    Contact Lynda McKinney lynda.mckinney@vervemotion.com 781 864 8382

CAMBRIDGE, MA, December 13, 2023 – Pioneering the future of industrial safety, Verve Motion, a Harvard University spinout, today announced it has reached a significant milestone by securing $20 million in Series B funding. This achievement, raising the company's total funding to over $40 million, marks a crucial step in the company’s rapid expansion and the widespread adoption of its innovative industrial-use connected wearable technology, SafeLift™ exosuit.   The Series B funding round, which will play a pivotal role in supporting the company’s goals of market expansion and scaling manufacturing to meet demand, was led by Safar Partners, with new investments from Cybernetix Ventures as well as follow-on investments from existing investors, including Construct Capital, Pillar VC and OUP. The round also included participation from individual investors including Frederic Kerrest, Vice-Chairman and Co-Founder of Okta, and John McEleney, Co-founder of Onshape, and formerly CEO of SolidWorks.    Mitigating back injuries is a major workplace safety challenge that plagues a multitude of industries. Occupational back pain ranks as the most frequent injury, with more than one million workers suffering back injuries annually. According to the Occupational Safety and Health Administration, the average cost of back injury claims, including medical bills, wage loss benefits, and other expenses, can range from $40,000 to $80,000 per injury.    "The era of transformation in workplace safety and productivity is here," said Ignacio Galiana, the CEO and Co-founder of Verve Motion. "Our mission is to power the human workplace by spearheading the next generation of wearable technology for industrial workers. Our SafeLift solution significantly diminishes the risk of back injury and fatigue, while enhancing facility productivity, and fostering employee retention. We're creating a safer and more efficient future for industrial workers globally. This additional funding will drive the expansion of our solution and enable us to scale operations to meet the growing demand for our technology, ensuring it is accessible to the workers who need it most."   "As a lead investor in the Series B funding, we are excited to fuel the growth and innovation of Verve Motion, a trailblazing force in wearable robotics,” said Arunas Chesonis, co-founder of Safar Partners. “The company’s focus on commercializing high-performance wearable technology for the workplace aligns with our vision for transformative advancements in world-changing disruptive technology. We believe this substantial investment will not only accelerate Verve Motion’s market presence but also contribute to reshaping the landscape of workplace safety and productivity."   “At Albertsons Companies, we are committed to pursuing innovative technologies that will safeguard our associates, particularly those on the frontline in our distribution centers,” said Mustafa Harcar, VP of Automation at Albertsons Companies. “The integration of the SafeLift solution into our warehouse operations is proving to be a game-changer, helping mitigate physical strain, reducing injuries, and cultivating a safer work environment. We are enthusiastic about what we've observed and look forward to furthering our partnership with Verve Motion as we continue to prioritize the health, safety, and well-being of our employees.”   Powering the Human Workplace through People-centric Robotics The SafeLift exosuit is the world’s first soft exosuit offering tailored, adaptive assistance that is customized for each worker and task. Invented by a team of scientists, engineers, and athletic apparel designers, it is a lightweight wearable solution that combines real-time motion sensing with robotic assistance. Its comfortable form factor, which wears like a backpack, is designed to power and protect industrial workers. The solution alleviates about 40 percent of the strain on a worker’s back during a typical workday by providing assistance in parallel with their underlying muscles. SafeLift exosuit includes a cloud platform with motion-based sensors for automatic detection of risky movements like excessive bending and twisting. The software not only improves injury prevention through coaching but also promotes ergonomic enhancements in the workplace.   Verve Motion’s technology evolved from work in the Biodesign Lab at Harvard’s John A. Paulson School of Engineering and Applied Sciences. Researchers there developed a soft exosuit with the goal of mitigating fatigue and injury risks for military personnel, work that paved the way for the next generation of wearable robots. The work was supported by DARPA (the advanced research and development agency of the U.S. Department of Defense), the National Science Foundation, and the National Institutes of Health.   Since the company’s inception in 2020, Verve Motion’s soft exosuits have helped American workers lift more than 300 million pounds, eliminating up to 85 percent of lower back and hip injuries at sites using SafeLift, and increase productivity by 3-7 percent, while creating a positive effect on worker retention and recruiting.   Verve Motion’s soft exosuits are deployed in a wide range of industries, including grocery, package distribution, third party logistics, retail, supply chain distribution, and manufacturing.  For more information, visit www.vervemotion.com.    Supporting Resources • Read the eBook customer case study: Verve Motion eBook Case Study • Watch a video of customer case study: Customer Case Study   About Verve Motion Verve Motion is a wearable robotics technology, committed to improving the lives of workers across various industries. With a passion for innovation and a focus on ergonomics, safety, and productivity, the company is developing cutting-edge soft exosuits that redefine the way people work. Spun out of Harvard University's Biodesign Lab, part of the Harvard John A. Paulson School of Engineering and Applied Sciences, Verve Motion is based on a decade of research funded by DARPA, the National Science Foundation, and the National Institutes of Health. Since its inception in 2020, Verve Motion has raised more than $40 million in financing from a diverse group of investors. For more information, visit www.vervemotion.com.    Contact Lynda McKinney lynda.mckinney@vervemotion.com 781-864-8382