In 2013, the Food and Drug Administration reclassified the iBOT from a Class III to a Class II medical device, allowing DEKA to revive the concept.
"Toyota and DEKA share the same vision of making mobility available to people of every kind of ability," Kamen (pictured) said. "We are excited about this new relationship and excited about what it means for making that dream a reality."
Announced at the Paralyzed Veterans of America's 70th Annual Convention, the deal also allows Toyota to license DEKA's balancing tech for rehabilitative therapy and "potentially other purposes."
"The companies continue to engage in ongoing discussions about how Toyota can further support DEKA and its mobility assistance technology," the car maker said.