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Embla Medical hf (OSSUY) Stock News

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Össur has launched the POWER KNEE, the world's first actively powered microprocessor prosthetic knee, targeting individuals with above-knee amputation or limb differences. This innovative technology utilizes advanced algorithms to adapt to the wearer's movement, providing active support on various terrains. It enhances natural motion and energy conservation, allowing for improved mobility and endurance. CEO Jon Sigurdsson emphasizes its transformative potential, marking a significant advancement in prosthetic solutions.

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During the Tokyo Paralympic Games, athletes using Össur's prosthetics achieved remarkable success, winning 28 medals, including four World Records and three Paralympic Records. Athletes equipped with the iconic carbon fiber Cheetah blades dominated events such as Long Jump and sprints, with notable performances in the Men's and Women's T62/T64 categories. Gold medalist Fleur Jong of The Netherlands and Ntando Mahlangu of South Africa set new World Records. Össur's technologies were pivotal in enhancing athletic performance, showcasing the brand's strong reputation in the realm of adaptive sports.

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Össur, a leader in prosthetics and orthopaedics, has unveiled its Team Össur roster, featuring 23 elite para-athletes, including World Record-holders and Paralympic champions. This team highlights Össur's commitment to innovation in sports prosthetics, which began with the Cheetah® running blade. Jon Sigurdsson, President and CEO, expressed pride in these athletes, noting their role as positive role models. Össur aims to continue its legacy of technological advancement, reinforcing its status as the 'gold standard' in prosthetic technologies.

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Össur, a leader in the orthotics and prosthetics industry, announced its commitment to becoming carbon neutral in 2021, coinciding with its 50th anniversary. This initiative includes reducing energy consumption, waste generation, and transportation emissions, aligning with the Greenhouse Gas Protocol’s Scope 1, 2, and selected Scope 3 emissions. President Jon Sigurdsson stated that the company is dedicated to sustainability and the UN Sustainable Development Goals. Össur aims to source all electricity from renewable sources and has partnered with First Climate for carbon management.

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FAQ

What is the current stock price of Embla Medical hf (OSSUY)?

Embla Medical hf (OSSUY) last closed at $4.23.

What is the market cap of Embla Medical hf (OSSUY)?

The market cap of Embla Medical hf (OSSUY) is approximately $1.8B.