Jueves 15 de Noviembre 2018

Aetrex Worldwide, Inc. Acquires SOLS Systems, Inc.

Leading developer of customized 3D printed orthotics and footwear
joins Aetrex’s growing family of companies

TEANECK, N.J.–(BUSINESS WIRE)–Aetrex Worldwide, Inc. (“Aetrex”), a global leader in comfort and
wellness footwear products and technology, is pleased to announce the
acquisition of SOLS Systems, Inc. (“SOLS”), a leader and pioneer of
medical and consumer grade 3D printed orthotics and software used for
the mass customization of footwear. The acquisition closed February 22,
2017.

Founded in 2013 and based in New York, NY, SOLS’ technology improves the
fit and function of footwear. Utilizing computer vision, computational
geometry, machine learning, and biomechanics, SOLS’ patented end-to-end
platform automatically generates 3D models of an individual’s anatomy
based on photos from its imaging system, the first ever available on a
smartphone. The 3D models are used to produce custom orthotic devices
digitally manufactured on demand. The same technology is used for the
production of customized footwear and has outpaced competing efforts
inside leading innovation labs. The SOLS team will begin integrating
their suite of products immediately, working with Aetrex’s hardware and
software engineering teams on their newly launched Albert 3D foot
scanner.

“The acquisition of SOLS is consistent with the Aetrex mandate of always
providing the most authentic consumer benefits through state of the art
technology,” said Aetrex CEO Larry Schwartz. “The integration of SOLS
technology into our footwear and orthotics businesses will allow Aetrex
to offer unmatched customization and adjustability across our product
lines.”

“After meeting the Aetrex team over a year ago, we quickly realized how
their global footprint and decades of industry experience in orthotics
and footwear could advance SOLS’ product growth and accelerate our
mission of revolutionizing footwear in the coming years,” said SOLS
Founder and CEO Kegan Schouwenburg.

About Aetrex Worldwide, Inc.

Aetrex Worldwide, Inc. is widely recognized as the global leader in
comfort and wellness footwear products. With fashion, function and
quality at the forefront, Aetrex designs and manufactures therapeutic,
casual, dress, sandal and athletic footwear for both men and women.
Aetrex also developed industry leading foot scanning devices, including
Albert and iStep, designed to accurately measure feet and determine foot
type and pressure points. It is also renowned for its over-the-counter
Lynco Orthotics, the world’s #1 foot orthotic system. The New
Jersey-based corporation is consistently named one of New Jersey’s Top
100 Privately Held Companies and was also included in NJBIZ’s Top 30
Manufacturing Companies. It has remained privately owned by the Schwartz
family for three generations. For additional information, please visit www.aetrextechnology.com.


Contacts

Turner PR
212-889-1700
aetrex@turnerpr.com