InvestorNewsBreaks – MetAlert Inc.’s (MLRT) OEM Partner Begins Shipping into Germany and the UK
MetAlert (OTC: MLRT), a pioneer in location-sensitive health monitoring devices and wearable technology products, today announced that its OEM manufacturer, Global Safe Tracks, has received its first production run and started shipping units into Germany and the U.K. An additional 1,000 devices are going into production based on the initial positive feedback and forecast. Global Safe Tracks is licensed to manufacture a modified version of the GPS SmartSole that includes 2G technology as a fall back to 4G technology for countries where 4G coverage has not been fully implemented. “Since announcing our manufacturing partnership last week , we have seen immediate benefits across the supply chain,” said MetAlert CEO Patrick Bertagna. “By having an extra factory and point of distribution in Germany, we were able to fill orders for the U.K. within days, saving time and freight costs, back orders from Germany were quickly filled, saving time and costs, which then prompted an additional 1,000 units to go into production, as customer were seeing the improvements in our ability to ship orders. During the same time frame, we received a shipment from our U.S. factory and orders were immediately shipped out to our U.S. customers.”
To view the full press release, visit https://ibn.fm/ACW90
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. With over 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. Utilizing the latest in miniaturized, low power consumption GPS, cellular, RF, NFC, and BLE technologies, enabling caregivers to track and monitor patients in real time. MetAlert 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 over 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, visit the company’s website at 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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