The next generation is now. 4G Technology is the catalyst for Wearable Health Solutions, Inc. (OTCMKTS: WHSI), manufacturer of next generation, advanced technology personal medical alarms and safety alert devices. Its already in the testing and production phase of iHelp MAX™4G and WHSI anticipates an early 2022 launch.
It is forecasting volume of $5.87 million for the full year 2022. New telecommunications will be driving those sales. WHSI is bringing its products forward to the next generation.
WHSI’s stock last evening closed at $0.0137, unchanged, in heavy volume of 31,348,578. That’s almost triple its daily average.
The key investment consideration for WHSI is a larger market share in several remote monitoring soaring markets employing the newest technology.
WHSI’s iHelp MAX™ 4G will be ‘telehealth ready’ when it launches early next year. It will offer GPS tracking services plus remote patient monitoring (RPM). It will have body mounted sensors and artificial intelligence (AI). Fall detection and geofencing are other features.
This sophisticated product will monitor and transmit to a network of monitoring stations through a subsidiary. WHSI is developing technology that can make its remote monitoring products even more sophisticated.
iHelp MAX™ 4G will offer two-way voice communication. And it will deliver data on a user’s vital health information. It will enable monitoring in the mobile health (mHealth) industry. A monitor will learn not only is the wearer in some distress, but have medical vitals to learn more.
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.
iHelp MAX™ 4G is currently in the testing and production phase. 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.
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, a report by Globe Small Cap Research LLC says.
Globe also said WHSI plans for integration of voice AI technology into its Smart devices will differentiate WHSI products from competitors.
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.
WHSI is an innovator that participates in the 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. After COVID-19, tele-health and mobile monitoring have jumped exponentially.
The result is that new voice technology will be embedded into WHSI’s 3G iHelp, 4G iHelp MAX and other Smart IoT products. Alexa, Google and other intelligent Voice Assistants would then offer hands-free voice command-and-control for WHSI devices.
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.
WHSI has 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 Company has also 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.
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.
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.
iHelp Lone Worker is a specialized WHSI program 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.
WHSI generates revenues through sales of its devices plus recurring monitoring fees through a subsidiary.
Major companies are active in this global market. They include Philips Electronics, ADT Corporation and Alert One Services. 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.
Some of the dynamic markets WHSI competes in are:
• 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, it says.
• WHSI is innovating in the $4 billion personal emergency response market. MarketDataForecast forecasts 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%.
Keep WHSI on your watch list as it integrates technology into its increasingly sophisticated monitoring products. It competes in several dynamic growth markets. For more information, go to wearablehealthsolutions.com
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