APDM on CNBC News

 In News
APDM was recently featured on CNBC News as part of Portland’s thriving startup scene.

 

Story by Kate Rogers –

CNBC News

“One early pioneer, blending two of Portland’s banner industries— sports and technology — is APDM Wearable Technologies. The acronym stands for Ambulatory Parkinson’s Disease Monitoring. The company was launched in 2007 by Dr. James McNames, who was searching for a wearable movement sensor capable of logging high-bandwidth data for people who suffer from Parkinson’s disease. Today that technology has expanded into gait and balance analysis and into the world of high-performance sports. APDM even worked with the U.S. men’s gymnastics and diving teams ahead of the 2016 Olympics in Rio.

“We like to say we were in wearables before it was cool,” said general manager Matthew Johnson. “We differ from others on the market, like FitBit, in that we focus on the quality of movement. Coaches can treat athletes with interventions on how to improve their behavior” using APDM’s technology, he said.

APDM came through the Portland University Business Accelerator, recognized as a Top 25 university-related incubator in the world by UBI Global. Companies have raised more than $150 million and generated $97 million in revenue, creating more than 200 jobs in the past 12 years. APDM has relied on grants from the National Institutes of Health and Department of Defense, as well as self-funding to get off the ground. Today it is entirely self-supported by its revenue stream.

“The combination of talented employees and culture in Portland fits the wearable industry more precisely than Silicon Valley,” Johnson said. “If our focus was raising capital, we would immediately be in San Francisco. But since that is not our need, we focus on developing our employees and making the best product in the world.”

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