Intelligent Product Solutions Selected for New York Product Design Award for Its Work on the EON Laser

Rhea-AI Summary

Intelligent Product Solutions (IPS), a subsidiary of Forward Industries (NASDAQ: FORD), has received a New York Product Design award for its design work on the EON Laser, an FDA-cleared fat reduction device developed for Dominion Aesthetic Technologies.

The EON Laser represents a breakthrough in aesthetic medicine as the industry's first touch-free and painless treatment for subcutaneous fat reduction. The device works by using laser energy to heat subcutaneous fat, triggering lipolysis while simultaneously cooling the skin. This non-invasive alternative to liposuction is currently available at aesthetic surgery centers and med-spas across the United States.

The award recognizes IPS's contribution to innovative medical device design. The company, headquartered in New York, specializes in product design and engineering services, particularly in medtech and wearable technology solutions, serving leading brands like Google, Verizon, Zebra Technologies, and Steinway.

Positive

• Received prestigious New York Product Design award for EON Laser design
• Product has received multiple FDA clearances
• Innovative technology offers first-to-market touch-free fat reduction solution

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• None.

HAUPPAUGE, N.Y., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Intelligent Product Solutions (IPS) today announced that it received a New York Product Design award, for its product design work on the EON Laser, a FDA-cleared, touch-free, and pain-free fat reduction device by Dominion Aesthetic Technologies. A global product design and development firm, Intelligent Product Solutions is a subsidiary of Forward Industries (NASDAQ: FORD).

The New York Product Design awards honor the efforts of talented product designers, design teams and manufacturers from all over the world. It recognizes the contributions they have made to daily living, with their practical and ingenious creations.

“At IPS, we’re proud to receive this award for our innovative medical device design of this revolutionary product,” said Bob Wild, CEO of Intelligent Product Solutions. “Working with Dominion Aesthetic Technologies, together we are redefining the future of aesthetic medicine, leveraging our expertise in product design.”

The EON Laser introduces revolutionary technology in subcutaneous fat reduction, offering patients the industry's first touch-free and painless treatment option, delivering safer outcomes and eliminating recovery time. Utilizing laser energy, the EON Laser locally raises the temperature of subcutaneous fat, triggering lipolysis (the breakdown and metabolization of adipose tissue) while simultaneously cooling the skin, offering patients a pain-free alternative with unprecedented results. The scientifically proven EON Laser has received multiple FDA clearances and can be found at esthetic surgery centers and med-spas across the United States, offering patients a non-invasive alternative to liposuction and other surgical interventions.

“It's such a wonderful surprise to learn that EON has be recognized for its beautiful design,” said Janet Campbell, founder and Chairman of the Board, Dominion Aesthetic Technologies. “It couldn't have been possible without the support of Intelligent Product Solutions. We are excited about the future of EON delivering the first of its kind non-invasive robotic fat reduction treatments. EON is dedicated to providing incredible patient outcomes with the safest fat reducing treatment available.”

About Intelligent Product Solutions

Intelligent Product Solutions (IPS), a subsidiary of Forward Industries (NASDAQ: FORD), is an award-winning global product design and development company with headquarters in New York. IPS offers a full range of expert product design and engineering services, with an expertise in medtech and wearable technology solutions. Its clients are among the leading brands in consumer electronics and medical devices, including Neuvotion, Google, Verizon, Zebra Technologies and Steinway. To learn more about IPS, visit https://intelligentproduct.solutions or contact info@ips-yes.com. Visit IPS on social media:https://www.linkedin.com/company/intelligent-product-solutions/

For more media information, contact:
Lisa Hendrickson, LCH Communications for IPS
Lisa@lchcommunications.com
516-643-1642

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/658ffae2-c750-4b47-adef-8c928e2c65fc

FAQ

What is the significance of the New York Product Design award for Forward Industries (FORD)?

The award recognizes Forward Industries' subsidiary IPS for innovative medical device design, highlighting their expertise in the medical technology sector and potential for future growth in this market.

How does the EON Laser technology impact Forward Industries' (FORD) market position?

The EON Laser strengthens Forward Industries' position in the medical device market through its subsidiary IPS, offering a unique FDA-cleared, touch-free fat reduction solution that differentiates them in the aesthetic medicine sector.

What are the key features of Forward Industries' (FORD) EON Laser device?

The EON Laser is an FDA-cleared device that uses laser energy for fat reduction, featuring touch-free and pain-free treatment, simultaneous skin cooling, and no recovery time required.

Which major clients does Forward Industries' (FORD) subsidiary IPS serve?

IPS serves leading brands including Google, Verizon, Zebra Technologies, Steinway, and Neuvotion, demonstrating their capability in product design and engineering services.