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NORWELL, Mass. and RICHMOND, Va., Dec. 16, 2024 (GLOBE NEWSWIRE) -- DIH Holding US, Inc. ("DIH")(NASDAQ:DHAI), a global provider of advanced robotic devices used in rehabilitation, which incorporate visual stimulation in an interactive manner to enable clinical research and intensive functional rehabilitation and training in patients with walking impairments, reduced balance and/or impaired arm and hand functions, today announced the designation of Sheltering Arms Institute, a collaboration with VCU Health, as DIH Center of Excellence. By partnering with Sheltering Arms Institute, DIH continues to build a strong presence among top-tier healthcare providers dedicated to enhancing patient recovery journeys through innovation-driven care solutions. The DIH Center of Excellence program recognizes strategic partners that showcase best practices in rehabilitation robotics while demonstrating how DIH therapy solutions contribute to successful patient outcomes. These Centers also contribute to the development of advanced rehabilitation technologies. Located in Richmond, Virginia, Sheltering Arms Institute has been at the forefront of integrating cutting-edge technology with comprehensive physical rehabilitative care. Known for its dedication to helping patients regain mobility and independence through evidence-based care, the Institute employs DIH's Total Solution, including Erigo®Pro, Lokomat®Pro, Andago V2.0®, RYSEN, C-Mill VR+, Armeo®Power and Armeo®Spring. This combination allows Sheltering Arms Institute to provide highly personalized care plans that cater to individual patient needs and ability levels. "This recognition is a testament to the dedication and expertise demonstrated by Sheltering Arms Institute," said Dr. Patrick Bruno, Chief Market Officer at DIH. "Their commitment to integrating advanced technology into their rehabilitation programs sets a benchmark for excellence that aligns with our mission to advance patient care. The newly appointed Center of Excellence will play a pivotal role in the ongoing development and implementation of advanced rehabilitation technologies in North America." Alan Lombardo, CEO of Sheltering Arms Institute, commented on the recognition, "Being designated as a DIH Center of Excellence reaffirms our commitment to integrating innovative technology into our physical rehabilitation programs. Our collaboration with DIH will further empower us to deliver superior care and propel our vision to reinvent rehabilitation for life beyond limits, helping our patients achieve their best outcomes." About DIH Holding US, Inc. DIH stands for the vision to “Deliver Inspiration & Health” to improve the daily lives of millions of people with disabilities and functional impairments through providing devices and solutions enabling intensive rehabilitation. DIH is a global provider of advanced robotic devices used in physical rehabilitation, which incorporate visual stimulation in an interactive manner to enable clinical research and intensive functional rehabilitation and training in patients with walking impairments, reduced balance and/or impaired arm and hand functions. Built through the mergers of global-leading niche technology providers, DIH is a transformative rehabilitation solutions provider and consolidator of a largely fragmented and manual-labor-driven industry. About Sheltering Arms Institute Sheltering Arms Institute, located in Richmond, Virginia, is non-profit, state-of-the-art physical rehabilitation hospital and network of outpatient centers that has become synonymous with excellence in patient-centered care. Ranked the #1 physical rehabilitation hospital in Virginia and #19 in the nation by U.S. News & World Report, the Institute brings together the brand and clinical reputation of Sheltering Arms and the nationally ranked programs and research of VCU Health through a joint venture. With a focus on innovative treatment methodologies and cutting-edge technology, the Institute offers comprehensive rehabilitative services aimed at restoring function and improving quality of life for individuals recovering from strokes, spinal cord injuries, traumatic brain injuries, and other neurological and orthopedic conditions. For more information, please visit ShelteringArmsInstitute.com. Caution Regarding Forward-Looking Statements This press release contains certain statements which are not historical facts, which are forward-looking statements within the meaning of the federal securities laws, for the purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These forward-looking statements include certain statements made with respect to the business combination, the services offered by DIH and the markets in which it operates, and DIH’s projected future results. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions provided for illustrative purposes only, and projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties that could cause the actual results to differ materially from the expected results. These risks and uncertainties include, but are not limited to: general economic, political and business conditions; the ability of DIH to achieve its projected revenue, the failure of DIH realize the anticipated benefits of the recently-completed business combination and access to sources of additional debt or equity capital if needed. While DIH may elect to update these forward-looking statements at some point in the future, DIH specifically disclaims any obligation to do so. Investor Contact Greg Chodaczek Investor.relations@dih.comUS President-elect Donald Trump on Monday praised Japan's SoftBank for its decision to invest $100 billion in the United States and create 100,000 new jobs, a big win for his incoming administration. "This historic investment is a monumental demonstration of confidence in America's future," Trump said during a press conference at his Mar-a-Lago residence in Florida, flanked by SoftBank chief executive Masayoshi Son. "It will help ensure that artificial intelligence, emerging technologies and other industries of tomorrow are built, created and grown right here in the USA," added Trump, who takes office from US President Joe Biden next month. Speaking alongside Trump, Son confirmed the investment company's financial commitment, adding that Trump's victory had "tremendously increased" his confidence in the US economy. "I am truly excited to make this happen," added Son, 67. Son's announcement is around double the amount he committed SoftBank to in December 2016, shortly before Trump began his first term as president. The Japanese investment holding company ultimately parted with around $100 billion through its Vision Fund, with much of the money supplied by sovereign wealth funds in Saudi Arabia and the United Arab Emirates. "President Trump is a double-down president," Son said on Monday, adding: "I'm going to have to double down." Son made his name with successful early investments in Chinese e-commerce titan Alibaba and internet pioneer Yahoo, but has also bet on catastrophic failures such as WeWork. He has repeatedly said that "artificial superintelligence" will arrive in a decade, bringing new inventions, new medicine, new knowledge and new ways to invest. The SoftBank Group posted a bumper second-quarter net profit last month, returning to the black after net losses in the first quarter and the previous financial year. The company indicated back in March that it had $26 billion ready to be deployed for new investments. Stephen Moore, an economic advisor to Donald Trump, said the announcement marked a "great day." "The importation of capital into the US is a huge leading indicator for jobs and prosperity to come," Moore, an economist at the conservative Heritage Foundation, told AFP in a message. On the campaign trail, Trump pledged to boost the US economy by cutting red tape and fast-tracking investments, including into the oil and gas sector. US financial markets surged following his victory on November 5, with the tech-rich Nasdaq Composite index and the broad-based S&P 500 both hitting fresh records. Despite the enthusiasm in the markets, some analysts have voiced concern that Trump's proposals to implement new tariffs on US imports and deport millions of undocumented workers could end up hurting growth, and causing a spike in inflation. "The increased likelihood of substantial new tariffs on US imports would have the most consequential effect on economic growth," economists at Wells Fargo wrote in a recent note to clients, adding they had "bumped up" their inflation outlook and slightly cut their GDP forecast following Trump's win. Other analysts say the impact of Trump's tariff plans will largely depend on how they are actually implemented. "The impact on inflation need not be particularly significant for monetary policy," economists at Goldman Sachs wrote in a recent investor note. But, they added "this could change if the White House imposes a 10 percent universal tariff," referring to one of Trump's proposals on the campaign trail. Speaking in Mar-a-Lago on Monday, Trump insisted that, "properly used," tariffs would be positive for the US economy. "Our country right now loses to everybody," he said. "Almost nobody do we have a surplus with." "Tariffs will make our country rich," he added. da-tu/nro

Vance takes on a more visible transition role, working to boost Trump’s most contentious picks