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Parker-Hannifin Corp PH

Parker-Hannifin Corporation specializes in motion and control technologies. The Company designs, manufactures, and provides aftermarket support for highly engineered solutions. Its segments include Diversified Industrial and Aerospace Systems. Diversified Industrial Segment, which is an aggregation of several business units, sells highly engineered differentiated products to both original equipment manufacturers (OEMs) and distributors who serve the aftermarket replacement markets. This segment serves various markets, including aerospace & defense, off-highway, in-plant & industrial equipment, energy, transportation and HVAC & refrigeration. Aerospace Systems Segment sells highly engineered, differentiated airframe and engine components and systems to OEMs and aftermarket parts and maintenance directly to end users primarily in the commercial aerospace and defense market verticals. Its products include active & passive vibration control, avionics, flight control systems and others.


NYSE:PH - Post by User

Post by Mooneymanon Nov 12, 2012 11:10am
459 Views
Post# 20588592

This could be HUGE!

This could be HUGE!

The U.S. alone has more than 230,000 people living with spinal cord injuries. About 155,000 of them are paraplegics. It costs well over $1 million to treat each patient over a lifetime.

"Parker Signs Licensing Agreement with Vanderbilt for Exoskeleton Technology and Targets Commercial Launch in 2014 - Device offers individuals with spinal cord injury and stroke the opportunity to walk again CLEVELAND, Oct. 30, 2012 /PRNewswire/ -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that it has signed an exclusive licensing agreement with Vanderbilt University for its exoskeleton technology, which allows individuals with severe spinal cord injury to walk and enhances rehabilitation for people who have suffered a stroke. The agreement gives Parker exclusive rights to develop, manufacture and sell the device. Parker intends to invest in further development of the technology and establish a business unit targeting commercial launch of the exoskeleton device in 2014."

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