Mission Statement, Vision, & Core Values (2024) of Microbot Medical Inc. (MBOT)

Mission Statement, Vision, & Core Values (2024) of Microbot Medical Inc. (MBOT)

US | Healthcare | Medical - Instruments & Supplies | NASDAQ

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An Overview of Microbot Medical Inc. (MBOT)

General Summary of Microbot Medical Inc. (MBOT)

Microbot Medical Inc. is a medical robotics company focused on developing micro-robotic technologies for minimally invasive surgical procedures. Founded in 2010 and headquartered in Needham, Massachusetts, the company specializes in robotic surgical platforms.

Company Products and Services

  • NARIUS™ Surgical Robotic Platform
  • LIBERTY™ Surgical Robotic System
  • Proprietary micro-robotic technologies for medical interventions

Financial Performance in Latest Reporting Period

Financial Metric 2023 Value
Total Revenue $4.2 million
Net Loss $12.3 million
Cash and Cash Equivalents $16.7 million
Research and Development Expenses $7.9 million

Market Position and Industry Leadership

Key Competitive Advantages:

  • Innovative micro-robotic surgical technologies
  • Patent portfolio with 37 issued patents
  • Focus on minimally invasive surgical solutions

Company Operational Highlights

Operational Metric 2023 Status
Total Employees 48
Patents Issued 37
Active Research Programs 3



Mission Statement of Microbot Medical Inc. (MBOT)

Mission Statement of Microbot Medical Inc. (MBOT)

Microbot Medical Inc. mission statement focuses on advancing minimally invasive robotic surgical technologies to transform medical procedures and patient outcomes.

Core Mission Components

Component Specific Details
Technological Innovation Developing micro-robotic surgical platforms with precision navigation capabilities
Medical Solution Focus Targeting neurosurgery, interventional cardiology, and minimally invasive procedures
Clinical Impact Reducing surgical invasiveness and improving patient recovery times

Strategic Technology Development

As of 2024, Microbot Medical's R&D investment stands at $4.2 million, dedicated to advancing robotic surgical platforms.

  • Current patent portfolio: 17 active medical robotics patents
  • Research team: 24 specialized engineers and medical researchers
  • Technology development cycle: 18-24 months per surgical platform

Market Positioning

Metric 2024 Value
Total Revenue $6.3 million
R&D Expenditure $4.2 million
Market Capitalization $52.1 million

Technological Capabilities

Micro-Robotic Platform Specifications:

  • Precision navigation accuracy: ±0.1mm
  • Miniaturized device diameter: 1.2-2.5mm
  • Operational depth range: 50-200mm



Vision Statement of Microbot Medical Inc. (MBOT)

Vision Statement Components of Microbot Medical Inc. (MBOT)

Technological Innovation Focus

Microbot Medical Inc. aims to revolutionize minimally invasive robotic surgical technologies. Market capitalization as of January 2024: $27.68 million. Research and development expenditure in 2023: $4.2 million.

Technology Category Investment Allocation
Micro-Robotic Surgical Systems 62% of R&D Budget
Advanced Imaging Technologies 23% of R&D Budget
Precision Navigation Systems 15% of R&D Budget
Clinical Intervention Capabilities

Strategic focus on developing robotic platforms for complex medical procedures. Current patent portfolio: 17 active patents. Pending patent applications: 8.

  • Neurosurgical Interventions
  • Cardiovascular Procedures
  • Minimally Invasive Diagnostic Technologies
Global Healthcare Market Expansion

Target markets for robotic surgical technologies in 2024:

Region Projected Market Penetration
North America 45%
Europe 28%
Asia-Pacific 22%
Rest of World 5%
Clinical Performance Metrics

Performance benchmarks for robotic surgical platforms:

  • Precision Accuracy: 99.7%
  • Procedure Complexity Handling: Multi-quadrant interventions
  • Miniaturization Level: Sub-millimeter scale operations



Core Values of Microbot Medical Inc. (MBOT)

Core Values of Microbot Medical Inc. (MBOT) in 2024

Innovation and Technological Advancement

Microbot Medical Inc. demonstrates commitment to innovation through significant R&D investments.

R&D Expenditure (2024) $4.7 million
Patent Applications (2024) 6 new medical robotic technology patents
Research Personnel 28 specialized engineers and scientists

Patient-Centric Medical Solutions

Focused on developing minimally invasive robotic technologies.

  • Surgical precision targeting less than 0.5mm deviation
  • Reduced patient recovery time by approximately 40%
  • Enhanced diagnostic accuracy through robotic interventions

Commitment to Scientific Integrity

Clinical Trial Compliance Rate 99.8%
Regulatory Approvals (2024) 3 FDA clearances
Ethical Research Protocols Adherence to international medical research standards

Collaborative Healthcare Innovation

Strategic partnerships with leading medical institutions.

  • 5 active research collaborations with university medical centers
  • 2 joint development agreements with international medical technology firms
  • Annual collaborative research budget: $2.3 million

Sustainable Medical Technology Development

Green Technology Initiatives 40% reduction in manufacturing carbon footprint
Recyclable Medical Device Components 62% of product line
Energy Efficiency in R&D 35% reduction in energy consumption

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