LogicMark Begins Shipping New Freedom Alert Plus Devices, Complemented by New Cloud-Based Suite of Connected Care Services
26 Octubre 2023 - 8:30AM
LogicMark, Inc. (Nasdaq: LGMK) (the “Company”), creator of the most
innovative personal safety and security technology designed for the
care economy, today announced shipments of its new medical alert
device, Freedom Alert Plus. In addition, the Company launched its
Care Village platform, a cloud-based suite of connected care
services specifically built for seniors and those looking to
improve their safety and quality of life. It includes emergency
alert notifications and remote device monitoring for caregivers and
family members.
90% of individuals aged 50 and older want to age in place,
emphasizing the growing necessity for innovative and modern
technology to cater to their needs and desires to age at home.
LogicMark is able to provide seniors with relevant data, and allow
them to stay more connected than ever with their caretakers.
Freedom Alert Plus connects users to a caregiver or emergency
services in the event of a crisis, and boasts a fall detection
feature that ensures aging adults never have to wait to receive
help. The Wi-Fi enabled device is able to send and receive software
updates through the cloud, providing the most innovative connected
care available on the market.
LogicMark CEO, Chia-Lin Simmons commented, “When LogicMark was
formed more than 15 years ago, we revolutionized the PERS industry
with two-way voice communication technology built directly into our
medical alert pendants. Today, we’re taking the next step in our
evolution as a company and introducing a cloud-based system and
platform that is AI and ML-enabled, bringing about the most
positive impact and change for the safety of our users. We are also
not only introducing fall detection with Freedom Alert Plus, but we
are modernizing the look and feel of today’s technology with a new
user experience and touch screen design.”
The Care Village platform includes the Freedom Alert Plus device
with proprietary software, cloud-based services, and apps available
in the Apple App and Google Play Stores. It also provides 24/7
support and connectivity with the user’s family, friends,
caregivers, and emergency service providers.
Freedom Alert Plus is $24.99 per month for 24/7 monitoring
services, and for a short time, LogicMark will offer free fall
detection for 90 days with a device purchase. Fall detection is
$9.99 per month after your free trial. Full device features
include:
- Patented Fall Detection Technology: Technology
that automatically notifies a caregiver or emergency services.
- Care Village Platform: Suite of connected care
services, available for iOS or Android.
- Caregiver Calling: Includes two-way voice
communication to further enhance the level of connection and
support.
- User-Friendly Features: Can be worn on a
lanyard or belt clip, both included with the purchase of the
device.
- Touchscreen: 1” touchscreen made for reduced
dexterity
- Enhanced Battery: Longer battery life keeps
the device charged for up to seven days.
- Device Monitoring: Battery life and Wi-Fi
connection updates
To learn more about Freedom Alert Plus, or purchase a device
today, visit logicmark.com.
About LogicMark, Inc. LogicMark, Inc. (Nasdaq:
LGMK) is on a mission to let people of all ages lead a life with
dignity, independence and the joy of possibility. LogicMark
provides personal emergency response systems (PERS), health
communications devices, personal safety apps, services and
technologies to create a Connected Care Platform. Made up of a team
of leading technologists with a deep understanding of IoT, AI and
machine learning and a passionate focus on understanding consumer
needs, LogicMark is dedicated to building a ‘Care Village’ with
proprietary technology and creating innovative solutions for the
care economy. The Company’s PERS technologies are sold through the
United States Veterans Health Administration, dealers, distributors
and direct to consumer. LogicMark has been awarded a contract by
the U.S. General Services Administration that enables the Company
to distribute its products to federal, state, and local
governments. To learn more, visit logicmark.com and
investors.logicmark.com.
Forward-Looking Statements This press release
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements reflect management’s current expectations, as of the
date of this press release, and involve certain risks and
uncertainties. Forward-looking statements include statements herein
with respect to the reverse stock splits described above and the
successful execution of the Company’s business strategy. The
Company’s actual results could differ materially from those
anticipated in these forward-looking statements as a result of
various factors. Such risks and uncertainties include, among other
things, our ability to establish and maintain the proprietary
nature of our technology through the patent process, as well as our
ability to possibly license from others patents and patent
applications necessary to develop products; the availability of
financing; the Company’s ability to implement its long range
business plan for various applications of its technology; the
Company’s ability to enter into agreements with any necessary
marketing and/or distribution partners; the impact of competition,
the obtaining and maintenance of any necessary regulatory
clearances applicable to applications of the Company’s technology;
the Company’s ability to maintain its Nasdaq listing for its common
stock; and management of growth and other risks and uncertainties
that may be detailed from time to time in the Company’s reports
filed with the SEC.
ContactYalda RafieSutherlandGold for
LogicMarklogicmark@sutherlandgold.com
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