LOS ANGELES CALIFORNIA, September 22, 2023 – In an era of unprecedented technological growth, MetAlert, Inc. (OTC: MLRT) (“the Company”), a pioneer in GPS wearable technology and global provider in the field of human and asset tracking and recovery systems, releases a transformative corporate update.
Noteworthy Achievements:
- Successful acquisition of Level 2 Security
- Launch of cutting-edge SmartSole plus
- Sealed OEM partnership for SmartSole in Germany
- Introduction of Handsfree Health
- Secured new European Patent
- Embracing the future with AI-driven Healthcare
A word from the helm by Patrick Bertagna, MetAlert, CEO:
“With our recent acquisition of Level 2 Security, we’ve broadened our product spectrum and opened doors to new and expansive markets. We’re pleased to report the transition and integration is moving ahead of schedule and both teams are collaborating with speed and efficiency. This journey wasn’t without its challenges. We had intentions to acquire TrackTek early this year but faced regulatory constraints. However, our commitment to increasing shareholder value remained unwavering, leading to this milestone acquisition. Our strategy isn’t just about adding products, it’s about bringing groundbreaking solutions that cater to contemporary needs.”
Below are some key bullet points summarizing the value proposition of the acquisition:
- Expanding our product offerings with more consumer-centric and pricing appeal.
- Expanding MLRT’s target market beyond humans to valuable asset tracking.
- Level 2’s tech detects unauthorized movement/use of firearms and other mobile assets like motorcycles, boats, bikes, ATV’s and more.
- Acquisition included – IP, ready to sell inventory, cash on hand, apps, digital assets, Amazon store, and deep insights into the gun safety market, with no debt or liabilities.
- Anticipation of increased product sales, subscriptions, and improved financials this fiscal year.
- Technology enables real-time notifications if an asset is moved or stolen, weaving us into the extremely important national gun safety conversation and rising crime concerns.
- MLRT plans immediate marketing campaign to various groups including gun owners and merchants, police departments, and child safety advocate groups to promote new tech.
“Our ambitious project, SmartSole plus made in the U.S.A., encountered some short-term production challenges, mostly linked to supply chain disruptions and establishing relationships with new vendors. We are now seeing a silver lining and believe having our flagship GPS SmartSole plus made in the US will bring us benefits in the future and open up more opportunities for us to sell this product to government agencies that currently have restrictions on buying electronic communication devices made in China. In our effort to offset the supply chain issues, and position ourselves for forecasted global demand, we formalized an OEM partnership in Germany. The German-made SmartSoles, under an OEM licensing agreement, emphasize our commitment to global solutions and IP strength. Over 1,000 pairs have been put into production so far, and recent shipments to multiple destinations underscore their demand and our resolve to meet it.”
“In closing, we’re gearing up with a refreshed marketing team to usher in the Level 2 products and the Handsfree Health virtual assistant healthcare app. Also, in discussion with new dev teams to help us with our long-term vision of AI driven healthcare by leveraging our global geo time-stamped data. And bolstering our domestic distribution/shipping capacity in anticipation of increased product sales. As we continue to navigate forward, we’re deeply grateful to all our stakeholders for their unwavering support. Please stay connected for more updates.”
As a For Profit with Purpose company, beyond its acclaimed line of health and safety products, MetAlert is a respected US military contractor, with global distribution channel partners that spans online platforms, Amazon, and authorized resellers.
Explore our offerings at www.gpssmartsole.com www.mygunalert.com and www.ifitmoves.com. For partnerships or purchases, reach out to contactus@level2sec.com or info@metalert.com.
MetAlert (OTC: MLRT) and its subsidiaries occupy a commanding position in the design, development, manufacturing, distribution, sales, and licensing of GPS wearable technology, asset recovery services, wandering assistive technology, and health data collection and monitoring. With over two decades of industry expertise and a robust portfolio of patents, MetAlert is the go-to solution provider for consumers and patients grappling with mobility, cognitive, and spatial awareness challenges. This demographic represents approximately 2.9% of the global population. The Company delivers comprehensive global solutions encompassing logistics, hardware, software, and connectivity.
Notable achievements include the groundbreaking GPS SmartSole®, a fusion of Dr. Scholl’s comfort with LoJack’s tracking prowess. It stands as the world’s inaugural invisible wearable tracking device, designed for individuals susceptible to wandering due to Alzheimer’s, dementia, autism, and traumatic brain injury. MetAlert’s subscription-based model thrives on technology innovation fortified by intellectual property safeguards. The company boasts international distribution channels serving customers across 40 countries, alongside its role as a U.S. Military Government contractor. In addition to public health entities, MetAlert caters to municipalities, emergency and law enforcement agencies, private educational institutions, assisted living facilities, NGOs, senior care residences, consumers, and small enterprises. Recognizing its excess capacity within its distribution center and backend processes also presents an opportunity to expand revenue streams and diversify its operations.
General information, investor relations, wholesale licensing, consumer purchase:
213.489.3019 | Info@MetAlert.com | IR@MetAlert.com | Contact Us
MetAlert.com | Mygunalert.com | Track My Workforce | GPS SmartSole.com
MetAlert United Kingdom– In the UK, MetAlert operates from its London office.
Please contact: Nelson Skip Riddle | Email: NSRiddle@MetAlert.com | Tel: +44 7785 364100
Level 2 Security (Wholly owned subsidiary) Email: contactus@level2sec.com | www.mygunalert.com | www.ifitmoves.com
Forward Looking Statements
This news release contains forward-looking statements. The terms and phrases “expects,” “would,” “will,” “believes,” and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by MetAlert considering its experience and perception of current conditions and expected future developments, as well as other factors that MetAlert believes are appropriate in the circumstances. Many factors could cause MetAlert’s actual results, performance, or achievements to differ materially from those expressed or implied by the forward-looking statements. Certain risk factors that may cause actual results to differ are outlined in MetAlert’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (which may be obtained on the SEC Website). These factors should be considered carefully, and readers should not rely on MetAlert’s forward-looking statements. MetAlert has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required.
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