U.S. Invokes National Security To Keep ‘Iron Man’ Outfit At Home
How a small company hoping to step into China’s medical market was blocked by the U.S. government's security watchdog.
Bionic Exoskeleton designed by Ekso Bionics Credit: Ekso Bionics
After a few tough years, a California-based company called Ekso Bionics signed a promising deal with two Chinese firms in early 2019. The company designs robotic mechanical suits called exoskeletons, and it agreed to form a joint venture that would shift some of its production to China and help sell its equipment in Asia.
At the time, shares of the small, Nasdaq-listed company were depressed. And after years of working with the United States military, including participating in a failed
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California-based Jupiter Systems sold high-tech wall screens to U.S. military and government clients. On June 14, The Wire China revealed how Jupiter was sold to a Chinese company in 2020 without the first Trump administration’s knowledge. Now Trump is back and on the case as Jupiter teeters on the verge of bankruptcy.
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