LAS VEGAS, March 23, 2021 /PRNewswire/ -- Wearable Health Solutions Inc. (OTC: WHSI) (Wearable Health Solutions or the Company), today announced continued progress on its new iHelp MAX Telehealth Ready and Emergency Device to be manufactured and distributed to its dealers and partnerships. In addition, the Lone Worker product development for the commercial markets is making solid progress.
The iHelpMAX Telehealth Ready product will have more advanced features, including Wi-Fi and Bluetooth capabilities, to recognize other local devices to register data to be used in monitoring a user's health vitals and related services. The device will serve the baby boomers which is estimated at growing to 10,000 people per day and address the growing markets of Telehealth needs and services, thereby helping reduce healthcare insurance costs.
Our iHelp Lone Worker Products for commercial market use, applications and distribution, features a multi-function button for check-in and SOS alerts, ensuring employees can get help in the event their health or safety is at risk. This small, lightweight device is waterproof and durable enough for use indoors or outdoors.
The Company manufacturers medical alarm devices that are used to summon help in the event of an emergency for users. The product is designed and marketed primarily to the elderly, physically disabled and individuals living alone.
Our Flagship product MediPendant® is a personal emergency alarm that is used to summon help in the event of an emergency at home. Currently approximately 60 % of all medical alarms sold in the USA are first generation technologies that require the user to speak and listen through a central base station unit. Medipendant® however offers a speaker in the pendant enabling the user to simply speak and listen directly through the pendant in the event of an emergency.
The Company is implementing a new product referenced as iHelp MAX. This device is a cellular medical alert system, blue tooth and WI-FI enabled, that operates on a 4G network. Operating capabilities commence on AT&T network (GSM-Global) with further capability on Verizon (CDMA-USA) as well.
The iHelp MAX device showcases new features, functionalities, fall detection and geo-fencing referencing the ability to pre-set an area and alert loved ones if the device user enters or leaves a pre-determined area. Regulatory approval for the device deployment has been received from FCC, CE and PTCRB.
Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential," and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Wearable Health Solutions and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to (i) Wearable Health Solutions ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Wearable Health Solutions ability to maintain existing, and secure additional, contracts with users of its solutions; (iii) Wearable Health Solutions ability to successfully expand in existing markets and enter new markets; (iv) Wearable Health Solutions ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Wearable Health Solutions business; (viii) changes in government licensing and regulation that may adversely affect Wearable Health Solutions business; (ix) the risk that changes in consumer behavior could adversely affect Wearable Health Solutions business; (x) Wearable Health Solutions ability to protect its intellectual property; (xi) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent quarterly report on filed by Wearable Health Solutions with the Securities and Exchange Commission. Wearable Health Solutions anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Wearable Health Solutions assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.
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SOURCE Wearable Health Solutions Inc.