Wearable Health Solutions, Inc. ‘s (OTCMKTS: WHSI) 2022 catalyst remains the phase out of 3G remote control devices in favor of 4G. It means a complete replacement of today’s older PERS (Personal Emergency Response Solutions) devices.
Industry proponents and friendly briefs have petitioned the FCC to delay the changes by telecommunications providers to December 2022.
But according to the FCC, providers such as AT&T, T-Mobile and Sprint LTE are shutting down 3G networks early in the year. Consumer Cellular, which caters to an older demographic, is waiting until February, although they have been in the process of preparing for this change since 2019.
4G A ‘Huge Opportunity’ For WHSI
To help fund the launch, WHSI has successfully fully subscribed its Regulation ‘A’ offering, this reflects growing interest in WHSI stock. Harrysen Mittler, Chairman and CEO, says WHSI is now ‘sufficiently capitalized’ to increase inventories of its next generation PERS devices.
Marc Cayle, newly-hired VP of Innovation and Technology, sees a market primed for a disruptive product like the iHelp MAX™ 4G, which should help WHSI gain market share in the $7.4 billion PERS market.
iHelp MAX™ 4G Will Be ‘Telehealth-Ready’
The iHelp MAX™ 4G will be ‘tele-health’ ready. It will offer GPS tracking services and remote patient monitoring ‘RPM’. Additional features include; geofencing, fall detection, AI and body-mounted sensors. The device offers Wi-Fi, NFC (wireless data transfer) technology and Bluetooth 4.0 Low Energy, as well.
The FCC is under intense pressure to postpone the 3G exit at the start of 2022. The Alarm Industry Communications Committee (AICC) is asking for emergency relief in a petition to the FCC asking for the commission to delay the 3G phase out until the end of next year.
AARP And Aviation Industry Ask FCC For Changes
Supporting briefs have been filed by the AARP for elderly patients who use remote control monitoring devices. The aviation industry also wants a delay in 5G use near airports.
Whether the 3G sunset remains unchanged or is delayed, the demand for 4G PERS devices will remain strong in 2022. That is a catalyst for WHSI stock in the very near future.
“4G will be the catalyst for companies like WHSI in the remote monitoring PERS industry,” Cayle predicts.
“Certain medical devices, tablets, smart watches, vehicle SOS systems, home security systems, and other connected products may be using 3G networks,” the FCC warns consumers that these devices and any other 3G network reliant technology will be impacted.
Cayle said, “It is the most advanced product in the market and boasts affordable, easy-to-use technology never seen before in the palm of your loved one’s hand. We will truly change the life of every ‘circle of care’ participant who wants their loved one to thrive, not just survive.”
He says that the first samples of the iHelp MAX™ 4G have arrived at WHSI headquarters and need to be certified prior to market entry. The certification is scheduled for early 2022. Keep WHSI stock on your watch list as the company integrates technology into its sophisticated monitoring products. For more information, visit: wearablehealthsolutions.com