LOS ANGELES, CALIFORNIA – August 15, 2024 – MetAlert, Inc. (OTC: MLRT) (“the Company”), a pioneer in GPS wearable technology and a global provider in the field of human and asset tracking and recovery systems, announced today it has received an initial order of GPS SmartSoles from Skyangel Security headquartered in Mexico City, Mexico.
MetaAlert anticipates that by partnering with Skyangle, a company that is dedicated to providing top-tier security solutions across North and Central America, with a dedicated team of over 200 security agents operating 24/7, servicing over 850 corporate clients, including global giants like Mabe and DHL Supply Chain, will expand its SmartSole market share into the security market across Mexico and Latin America.
In addition, MetAlert is conducting trials for its GPS SmartSoles in Spain, Portugal and The Netherlands. The evaluation trials have been successfully ongoing since the beginning of the year with Spain finishing up and getting ready to launch soon.
Spain and Portugal are deemed to be important strategic territories for the SmartSoles as both these countries have a high population of retired seniors. Spain having close to 10 million seniors, approximately 20% of the total population and close to 1 million British retirees. In addition to the Brits, tens of thousands of Europeans look towards these 2 countries as a place to retire, with Portugal’s senior population representing close to 30% of the entire population. The Netherlands has approximately 850,000 retirees and seniors over 80, with a considerable portion affected by dementia and Alzheimer's. The growing number of seniors across these countries which provide robust healthcare services, low cost of living and comfortable climate are very comforting to the needs of this demographic making them an increasingly attractive territory for selling SmartSoles.
“We are excited to have formulated relationships in these four countries with excellent partners that focus on security solutions and providing innovative digital solutions to support seniors and enhancing quality of life through digital remote patient monitoring, fall prevention devices, and physical rehabilitation plans,” commented Andrew Duncan, MetAlert Director.
The Global Wearable Medical Devices Market is driven by the growing geriatric population which is susceptible to various chronic diseases. This has drastically increased the patient pool across the globe requiring diagnosis, treatment, and monitoring of their health conditions. MetAlert is committed to implementing technological advancements and adoption of AI, IoT, BLE, NFC and other technologies into its GPS SmartSole plus platform to bring about innovations in the wearable device industry, thereby propelling the market growth over the next decade.
“The success of these trials is part of our overall commitment to expanding our distribution into countries that have a growing demand for our products, and on the heels of signing our agreement with TEAL Communications which will be instrumental in providing mission critical connectivity across the globe for us,” stated MetAlert CEO, Patrick Bertagna.