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OTC:MLRT
MetAlert (OTC:MLRT) is a pioneer in smart, mobile, and wearable GPS tracking and recovery location-based solutions designed around health and safety. Supported through a proprietary IoT enterprise monitoring platform and intellectual property portfolio, MetAlert offers a global end-to-end solution of hardware, software, and connectivity, and develops tracking technologies, which seamlessly integrate with consumer products and enterprise applications.
MetAlert has a patented GPS SmartSole®, which is 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.
The Company’s customers range from the U.S. Military, Foreign Military, public health authorities and municipalities, emergency, and law enforcement, first responders, private schools, assisted living facilities, NGOs, small business enterprises, senior care homes, and direct to consumer.
MetAlert has a patented GPS SmartSole®, which is 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 products utilises the latest in miniaturised, low power consumption GPS, Cellular, RF, NFC and BLE technology, enabling subscribers to track in real time the whereabouts of people or high value assets.
MetAlert is also in the protective medical supply business and has developed innovative technology driven solutions. The company has customers in all 50 States and international distributors servicing customers in over 35 countries.
Reduced Notes Payable by 18%
Reduced Accounts Payable by 28%
Other Income/Expenses decreased by 113% creating a net gain
MetAlert is a pioneer in smart, mobile, and wearable GPS tracking and recovery location-based solutions designed around health and safety. Supported through a proprietary IoT enterprise monitoring platform and intellectual property portfolio, MetAlert offers a global end-to-end solution of hardware, software, and connectivity, and develops tracking technologies, which seamlessly integrate with consumer products and enterprise applications. MetAlert is known for its game-changing and award-winning patented GPS SmartSole®, 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. The company is going through a major transformative growth due to the increasing demand for its product lines across different industries such as senior care, autism, workforce safety, asset protection, law enforcement and military.
Six Month Financial Highlights Overall Revenue decreased 40% over 2021 comparable period. 12% increase in Subscriptions. Total Operating Expenses decreased by 12% over 2021 comparable period. Reduced Notes Payable by 18%. Reduced Accounts Payable by 28% Other Income/Expenses decreased by 113% creating a net gain as we lowered accrued interest, reduced our government debt by $68,000 and eliminated losses from the extinguishment of debt. Overall decrease in Net Loss by 23% over comparable period.
Patrick Bertagna, Chief Executive Officer of GTX Corp, discussed the future of senior health care and the impact wearable medical devices will have on people afflicted with Alzheimer’s, dementia, and autism, along with the global size and scope of the market, business, and valuation model for their SmartSole. The video also highlights the GTX roadmap for other wearable devices they expect to launch in the upcoming months.
GTX Corp (OTC: GTXO) and ProteGear.com, a German IT/GPS tracking specialist company, announced their cooperation to launch the latest generation of the GPS SmartSole product based upon LTE Cat M1 technology. “We are excited to work with ProteGear, parent company Global SafeTrack Systems GmbH, to bring the latest generation of the GPS SmartSole technology to Germany,” stated Andrew Duncan GTX Director.
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