The new manufacturing lines at NEO Tech will increase production capacity to meet the growing demand of the SmartMat
Podimetrics, a care management company with the leading solution to help prevent costly and deadly diabetic foot ulcers, and NEO Tech, a leading provider of engineering, manufacturing technology and supply chain solutions for brand name OEMs in the industrial, medical and mil/aero markets, announced a new manufacturing partnership to produce Podimetrics’ FDA-cleared SmartMat at the NEO Tech facility in Westborough, Mass. The new manufacturing lines at NEO Tech will increase production capacity to meet the growing demand of the SmartMat.
“We are thrilled to be able to scale up the production of our SmartMat right here in Massachusetts, thanks to NEO Tech’s end-to-end supply chain and manufacturing capabilities,” said Dr. Jon Bloom, CEO of Podimetrics. “As we expand to bring our solution to more patients, we’re so proud to also contribute to the manufacturing economy in our home state.”
With Podimetrics, patients at risk for diabetic foot ulcers simply place their feet on the cellular-connected SmartMat for just 20 seconds a day. The data is then seamlessly and automatically sent to the Podimetrics care team, who triage any concerning findings to help patients receive appropriate, preventive treatments under the direction of their clinician. While diabetic foot ulcers are but one complication of diabetes, they have a devastating effect on patients’ lives, often progressing to debilitating wounds and amputations, and they are a significant driver of health care costs — a single amputation costs up to $100,000.
Podimetrics celebrated the new manufacturing line at NEO Tech with a ribbon-cutting ceremony attended by U.S. Rep. Jim McGovern, Massachusetts Deputy Secretary of Housing and Economic Development Timothy McGourthy, State Rep. Hannah Kane, and State Rep. Danielle Gregoire. The delegation presented Podimetrics with an official citation in recognition of this milestone.
“Podimetrics is a great example of the innovative health care companies that thrive in Massachusetts — they not only provide care management services, but they also manufacture a high-tech medical device here,” said McGovern.
“Westborough is home to a talented skilled manufacturing workforce and it’s exciting to see another company, particularly one that supports our military veterans, thriving and supporting jobs at NEO Tech,” said Kane.
“We are honored that Podimetrics selected NEO Tech as their manufacturing partner,” said David Brakenwagen, NEO Tech EMS President. “NEO Tech is committed to supporting the Podimetrics manufacturing ecosystem enabling widespread adoption of their innovative technology, while at the same time becoming a catalyst that creates new jobs here in Westborough.”
The NEO Tech Westborough location is ideal for the growing market demands within the Northeast region and supports Podimetrics’ long history of collaborating in the design and manufacturing of circuit boards. With proximity to the innovation centers in New England, the location possesses a great balance of skilled labor and strong concentration of medical-technology companies, like Podimetrics. NEO Tech expanded into the current location in 2017 and the site features a total space of 198,000 sq. ft. NEO Tech’s investment in Massachusetts-based manufacturing enables it to build more new products like Podimetrics’ SmartMat locally.
This May, Podimetrics announced it had closed a $13.4 million Series B funding round. This funding is contributing to Podimetrics’ growth, including its presence within the VA, where one out of every four veterans has diabetes and 80 percent of non-traumatic amputations are from a diabetic foot ulcer. The VA recently released a national guidance document recommending Podimetrics for high-risk patients. The company will continue to grow its business among commercial payers.
Source: Company Press Release.