Wearable Health Solutions, Inc. (OTCMKTS:WHSI): The Catalyst Is Innovative Technology


Wearable Health Solutions, Inc. (OTCMKTS:WHSI) is a manufacturer of next generation, advanced technology personal medical alarms and safety alert devices. It offers wearable healthcare products and tracking services. These sophisticated products monitor and transmit to a network of monitoring stations through a subsidiary.

The WHSI catalyst is next generation technology. It can provide a leading edge for the Company in this digital age.

The key investment consideration for WHSI is a larger market share in several remote monitoring markets driven by the application of new technologies including artificial intelligence (AI), Blue Tooth, Backend As A Service (Baas), IoT, Wi-Fi, Central Cloud Management and in 2022 4G telecommunications.  

WHSI’s products provide tech-forward and real-time proprietary personal home security devices and medical alarm products. It sells to the growing home security and home healthcare markets. It is now integrating the newest technology, such as voice artificial intelligence (AI), into its existing Smart products.

After COVID-19, tele-health and mobile monitoring have jumped exponentially.  WHSI is an innovator that participates in the growing mobile health (mHealth), medical alarm device and eHealth space. This technology-driven company is focused on the remote patient monitoring (RPM) and mobile personal emergency response systems (mPERS) industries. 

Sales are made to healthcare facilities, including hospitals, home healthcare entities and direct to consumers. WHSI also sells through a global distribution network of independent dealers.  However, WHSI’s primary clientele are dealers rather than consumers which helps cut the company’s overhead related to customer service which is a major advantage over their competition.

End users are the elderly, individuals living alone and the chronically ill at-risk population. New technology is broadening the target consumer market. Another opportunity is employees who work alone. All can be remote monitored. WHSI generates revenues through sales of its devices plus recurring monitoring fees through a subsidiary.

Future Strategy

WHSI is a multiple revenue stream company. It sells high-technology wearable devices and body mounted sensors internationally. It also operates a subsidiary, Medical Alarm Concepts LLC (MAC), which works with monitoring stations.

Major companies are active in this global market. They include Philips Electronics, ADT Corporation and Alert One Services to name a few. It is a positive that they see growth in this space. WHSI analyzes it as a fragmented market in which it can gain significant share. 

Technological vision is in WHSI’s favor. 

WHSI’s future strategy, according to an October 2021 Company Report by Globe Small Cap Research LLC, is completion of a financial audit. The goal is to become a fully reporting company with the Securities and Exchange Commission. A Form 10 filing is anticipated, the Report says. 

Strategic Technology Acquisitions And Agreements

The Company has engaged R&D firm MIDI Product Development Corporation (MIDI), an expert in medical innovation. MIDI is to develop and commercialize for WHSI a biometric sensor to communicate with the company’s flagship product 4G iHelp MAX™ product platform. It is titled the iHelp Next Generation Platform (NGP).

  • WHSI-MIDI’s collaboration goal is to add to the platform’s existing safety monitoring capability. Health monitoring and medication reminders will be added. This next generation platform would monitor in real time medical vitals, such as blood pressure and oxygen levels. Seamless integration is the desired result. 
  •  WHSI acquired the assets and technology of mHealthCentral Cloud Management and Automation platform. The BAAS technology dealer portal would be used in WHSI’s next generation iHelp™ MAX cellular and telehealth-ready mobile medical device.  
  • The acquisition will deploy and integrate advanced technology such as IoT into the medical devices markets. The platform is a cloud-based service for accepting data transmission from personal safety and medical devices. To the front end portal/user, this will be designed as a user-friendly monitoring platform. 
  • WHSI signed a licensing agreement with Speak to IoT to bring its patent-pending voice technology enabling Voice AI control into all of the company’s existing Smart devices with IoT. 
  • The result is that the technology will be embedded into WHSI’s 3G iHelp, 4G iHelp MAX and other IoT products. Alexa, Google and other intelligent Voice Assistants would then offer hands-free voice command-and-control for WHSI devices. 

WHSI’s Markets

WHSI competes in the $23.3 billion remote patient operating market (RPM). Research firm MarketsAndMarkets projects this market will grow at a CAGR of 38.2% to reach $117 billion by 2025. Body mounted sensors by WHSI transmit biological data for healthcare purposes. Chronic diseases and Telehealth drive this industry. GE Healthcare and Siemens AG are key players.

WHSI participates in the giant mobile health (mHealth) market which is forecast to reach $166.2 billion by 2028, according to GrandViewResearch. It sees this high technology industry growing at a 17.6% CAGR through 2028. New technologies and COVID-19 are driving this market for physicians and healthcare facilities.    

WHSI is innovating in the $4 billion personal emergency response market. MarketDataForecast projects that the (PERS) market will grow from $4.09 billion in 2021 to $5.29 billion globally by the end of 2026. That represents CAGR growth of 5.3%.

WHSI Products

  • WHSI’s MediPendant® is a second-generation wearable product. It is a personal alarm device. Technology sets it apart from a majority of its  competitors. It is water resistant so it can be used in the shower, where most falls occur. The user can also communicate with an operator through the pendant itself through a two-way speakerphone.
  • iHelp™ remote medical alert system is a fully mobile PERS solution that operates anywhere with cellular coverage. It is upgraded as next generation bandwidths are introduced in telecommunications. iHelp+™3G is WHSI’s most advanced mobile PERS-compliant product. It offers tracking, geo-fencing, fall detection and extended battery life. It also has voice prompts for safety risk.
  • iHelp MAX™ 4G  is currently in the testing and production phase as the  telecommunications industry converts to faster 4G. It features Wi-Fi, NFC (wireless data transfer) technology and Bluetooth 4.0 Low Energy features. It also offers “telehealth-ready” advantages such as remote monitoring and transmission of the user’s health vitals to emergency personnel and caregivers.
  • Body-mounted biosensors and artificial intelligence (AI) applications highlight this model. The technological advances also separate it from their competition. Product launch is anticipated in early 2022.
  • iHelp Lone Worker is a customized safety program targeted especially for the 200 million isolated or lone workers globally. It provides them a way to communicate should their health or safety be threatened. It is a wearable system that operates indoors or out. 

Sales & Marketing Strategies

WHSI is focusing on several diverse strategies to sell its tech-forward lines: 

  • MediPendant and iHelp are marketed via the internet through www.MediPendant.com and www.iHelpAlarm.com. Paid ad campaigns and social media techniques drive traffic to these websites and help initiate sales.
  • Wholesale Distribution through several existing relationships help sell MediPendant and iHelp products. They offer independent channels.
  • International sales are key to WHSI. This is especially true of iHelp MAX products in Canada and Europe. Sales have been made in Ireland, Bermuda, Caribbean Islands and the People’s Republic of China.   

Financial Goals

WHSI forecasts that its sales could reach $5.87 million in 2022. In the nine month period ended March 31, 2021, total revenues were $1.03 million. It represents a 37% jump from $757,000 for the comparable period in 2020. For the first nine months of this fiscal year, WHSI reported $488,000 in gross profit, or 47.1% of total revenues. 

The net loss for the first nine months ended March 31, 2021 was $1.27 million vs. $364,000 for the same period the prior year.

For its last full fiscal year, the 12 months ended June 30, 2020, WHSI reported sales of $1.16 million. Gross profit was $693,021, or a 59.6% margin rate. It reduced its net loss that year to $454,639 vs. $715,462 the prior year.

The Globe Small Cap Research LLC report in October 2021 believes that tech forward devices coming in 2022 “could support the Company’s guidance for an increase in full year revenues.” It named the iHelp MAX™ 4G, due in 2022. Globe also said Company plans for integration of voice AI technology into its Smart devices will differentiate WHSI products from competitors.

Experienced Management Team

  • Harrysen Mittler, Board Chairman and CEO, has more than 30 years experience in corporate finance, M&A, and commerce. Mittler has experience at Deloitte Haskins and Sells, the predecessor to Deloitte & Touche LLP. He served as Board Chairman and CEO of Pacific Software, Inc., as designer and developer of enterprise solutions for emerging technologies. He was also CFO and Director of Nortia Capital Partners, a merchant banking company.   
  • Peter Pizzino, President and Director, has more than 25 years financial  experience. He served in several boutique NYSE securities firms which participated in several hundred million dollars in client offerings. Since 2009, he has been guiding emerging companies based in China on their business development and financing needs.    
  • Jennifer Loria, COO, offers a strong background in creating and implementing business plans. She joined the company in 2008 as VP, Marketing for Medical Alarm Concepts. She has more than 20 years background in developing and executing strategic business plans. 
  • Gail Rosenthal, CFO, has more than 20 years experience in corporate finance, M&A and auditing. Her background includes extensive experience in computers and IT. Her experience includes numerous sectors including manufacturing, distribution, retail, banking, finance and software development.

Keep WHSI on your watch list as it integrates technology into its products and competes in dynamic growth markets. For more information, go to    wearablehealthsolutions.com

The WHSI profile is part of a paid investor education campaign.