MetAlert (OTC: MLRT), a pioneer in location-sensitive, health-monitoring devices and wearable technology products for remote patient monitoring, received a notice of allowance from the European Patent Office (“EPO”) for a new patent. This is the company’s first European utility patent in the GPS SmartSole family and its fifth patent granted around tracking and monitoring devices within footwear with particular protection on the insole format. According to the announcement, the patent covers a variety of ways to design, protect and manufacture GPS, cellular, Bluetooth and Wi-Fi monitoring electronic devices that are embedded inside an insole; it also covers the inductive charging unit. MetAlert management noted that the patent has a large number of claims and provides the opportunity to file additional divisional patents in the future, offering the company protection against competition as well as possibly opening up new, lucrative, licensing and partnership opportunities. “We have been working on this European patent for several years, and we were very pleased to hear the news about the patent allowance,” said MetAlert director Andrew Duncan in the press release. “The timing could not have been better as we continue to roll out new-generation GPS SmartSole products across Europe and North America. This new patent will provide us additional intellectual property protection in the major Western markets as well as key markets in Japan, South Korea, Australia and New Zealand.”
To view the full press release, visit https://ibn.fm/Ufq7b
About MetAlert Inc.
MetAlert and its subsidiaries are engaged in designing, developing, manufacturing, distributing, selling and licensing products, services and intellectual property in the GPS/BLE wearable technology, personal location, wandering assistive technology, and health data collection and monitoring space. With more than 20 years of experience and an extensive patent portfolio, MetAlert is a leading solution provider for consumers/patients afflicted with Alzheimer’s, dementia and autism. This market represents approximately 2.9% of the world’s population. The company offers global end-to-end hardware, software and connectivity solutions, in addition to developing two-way tracking technologies, which seamlessly integrate with consumer products, enterprise and government agency applications. The company utilizes the latest in miniaturized, low-power consumption GPS, cellular, RF, NFC and BLE technologies, enabling caregivers to track and monitor patients in real time. The company is known for its game-changing and award-winning patented GPS SmartSole(R) — think Dr. Scholl’s meets LoJack, the world’s first invisible wearable technology tracking device created for those at risk of wandering due to Alzheimer’s, dementia, autism and traumatic brain injury. MetAlert’s subscription-based business model is built around technology innovation with intellectual property protection. The company has international distributors servicing customers across the globe with subscribers in more than 40 countries and is a U.S. military government contractor. Other customers include public health authorities, municipalities, emergency and law enforcement, private schools, assisted living facilities, NGOs, small business enterprises, senior care homes and consumers. For more information about this company, please visit www.MetAlert.com.
NOTE TO INVESTORS: The latest news and updates relating to MLRT are available in the company’s newsroom at https://ibn.fm/MLRT
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