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LogicMark Launches Revolutionary Medical Alert Device, Freedom Alert Max, Offering Cellular Communication Technology and 24/7 Assistance

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LogicMark (LGMK) has launched Freedom Alert Max, an advanced medical alert device featuring 4G LTE technology and innovative capabilities. The device includes fall detection with emergency video for caregivers, over-the-air updates, and geofencing for patients with Alzheimer's and dementia. Key features include 24/7 US-based monitoring, GPS location services, and integration with the Care Village app for caregiver coordination.

The device is available for a one-time activation fee of $54.99, with monthly costs of $19.99 for unlimited cellular service and $34.99 for monitoring. Users can access a 90-day free trial for fall detection and geofencing features.

LogicMark (LGMK) ha lanciato Freedom Alert Max, un dispositivo medico avanzato che offre tecnologia 4G LTE e capacità innovative. Il dispositivo include rilevamento delle cadute con video di emergenza per i caregiver, aggiornamenti over-the-air e geofencing per pazienti affetti da Alzheimer e demenza. Tra le principali caratteristiche ci sono il monitoraggio 24 ore su 24 negli Stati Uniti, servizi di localizzazione GPS e integrazione con l'app Care Village per la coordinazione dei caregiver.

Il dispositivo è disponibile con una tassa di attivazione una tantum di $54.99, con costi mensili di $19.99 per servizio cellulare illimitato e $34.99 per il monitoraggio. Gli utenti possono accedere a una prova gratuita di 90 giorni per le funzionalità di rilevamento delle cadute e geofencing.

LogicMark (LGMK) ha lanzado Freedom Alert Max, un dispositivo avanzado de alerta médica que presenta tecnología 4G LTE y capacidades innovadoras. El dispositivo incluye detección de caídas con video de emergencia para cuidadores, actualizaciones over-the-air y geocercas para pacientes con Alzheimer y demencia. Las características clave incluyen monitoreo 24/7 con base en EE. UU., servicios de ubicación GPS e integración con la aplicación Care Village para la coordinación de cuidadores.

El dispositivo está disponible por una tarifa de activación única de $54.99, con costos mensuales de $19.99 por servicio celular ilimitado y $34.99 por monitoreo. Los usuarios pueden acceder a una prueba gratuita de 90 días para las funciones de detección de caídas y geocercas.

LogicMark (LGMK)4G LTE 기술과 혁신적인 기능을 갖춘 고급 의료 알림 장치 Freedom Alert Max를 출시했습니다. 이 장치는 간병인을 위한 긴급 비디오와 함께 낙상 감지 기능, 무선 업데이트 및 알츠하이머 및 치매 환자를 위한 지리적 경계 설정 기능을 포함합니다. 주요 기능으로는 미국 기반의 24시간 모니터링, GPS 위치 서비스 및 간병인 조정을 위한 Care Village 앱과의 통합이 있습니다.

이 장치는 한 번의 활성화 요금 $54.99로 제공되며, 무제한 셀룰러 서비스의 월 비용은 $19.99, 모니터링의 월 비용은 $34.99입니다. 사용자는 낙상 감지 및 지리적 경계 설정 기능에 대해 90일 무료 체험을 이용할 수 있습니다.

LogicMark (LGMK) a lancé Freedom Alert Max, un dispositif d'alerte médicale avancé doté de technologie 4G LTE et de fonctionnalités innovantes. L'appareil comprend la détection de chutes avec vidéo d'urgence pour les soignants, des mises à jour over-the-air et une géolocalisation pour les patients atteints d'Alzheimer et de démence. Les caractéristiques principales incluent une surveillance 24/7 basée aux États-Unis, des services de localisation GPS et une intégration avec l'application Care Village pour la coordination des soignants.

Le dispositif est disponible moyennant des frais d'activation uniques de $54.99, avec des coûts mensuels de $19.99 pour un service cellulaire illimité et $34.99 pour la surveillance. Les utilisateurs peuvent bénéficier d'un essai gratuit de 90 jours pour les fonctions de détection de chutes et de géolocalisation.

LogicMark (LGMK) hat Freedom Alert Max eingeführt, ein fortschrittliches medizinisches Alarmgerät, das 4G LTE-Technologie und innovative Funktionen bietet. Das Gerät umfasst einen Sturzdetektor mit Notfallvideo für Pflegekräfte, Over-the-Air-Updates und Geofencing für Patienten mit Alzheimer und Demenz. Zu den wichtigsten Funktionen gehören 24/7 Monitoring aus den USA, GPS-Standortdienste und die Integration mit der Care Village-App zur Koordination der Pflegekräfte.

Das Gerät ist gegen eine einmalige Aktivierungsgebühr von $54.99 erhältlich, mit monatlichen Kosten von $19.99 für unbegrenzten Mobilfunkdienst und $34.99 für die Überwachung. Benutzer können 90 Tage lang eine kostenlose Testversion für die Sturzmeldung und die Geofencing-Funktionen nutzen.

Positive
  • First-to-market fall detection device with emergency video capability
  • Multiple revenue streams through device activation and monthly subscription fees
  • Proprietary technology with regular over-the-air updates
  • Addresses large market with over 7 million Americans living with Alzheimer's
Negative
  • Relatively high monthly costs totaling $54.98 may limit market adoption
  • Requires cellular connectivity which may affect reliability in certain areas

Insights

This launch represents a significant technological leap in the medical alert device market. The Freedom Alert Max combines several innovative features that address critical market needs:

  • First-to-market emergency video capability for fall detection
  • Proprietary 4G LTE technology with over-the-air updates
  • Advanced geofencing for dementia patients
  • Integration with 988 crisis services
The revenue model combines upfront fees ($54.99) with recurring monthly revenue from cellular ($19.99) and monitoring services ($34.99). With over 11 million Americans caring for dementia patients, the addressable market is substantial. The product's comprehensive feature set and recurring revenue model could significantly impact LogicMark's financial performance.

The Freedom Alert Max addresses critical healthcare challenges in elderly care. The fall detection algorithm with machine learning capabilities is particularly noteworthy, as falls are the leading cause of fatal injuries in seniors. The integration of mental health support through 988 Lifeline tackles the often-overlooked issue of geriatric mental health, with 22% of suicides occurring in older adults. The dual-camera system and Care Village app create a comprehensive monitoring solution that could reduce emergency response times and improve outcomes. This positions LogicMark competitively in the growing care economy, particularly as healthcare systems increasingly focus on preventive and remote monitoring solutions.

The Freedom Alert Max empowers seniors through proprietary, 4G LTE mobile technology as the first fall detection device with emergency video for caregivers, regular over-the-air feature updates, and geofencing for patients with Alzheimer’s and dementia

LOUISVILLE, Ky., Nov. 19, 2024 (GLOBE NEWSWIRE) -- LogicMark, Inc. (Nasdaq: LGMK) (the “Company”), a provider of personal emergency response systems (PERS), health communication devices, and technology for the growing care economy, today announced the launch of Freedom Alert Max, the latest advancement in the company’s on-the-go product suite. The most advanced medical alert on the market, the Freedom Alert Max offers over-the-air updates providing new features and improvements regularly, such as medication reminders and the fall detection algorithm. Freedom Alert Max offers geofencing for patients with dementia and Alzheimer's, cellular communication technology, fall detection, and the 988 Lifeline programmed into the device, adding to the company’s feature-rich offerings. Combining the 24/7 reassurance of a monitored medical alert device with the convenience of a cell phone, Freedom Alert Max addresses the growing need for modern, mobile technology for seniors and their caregivers in a single device.

FA Max

The Freedom Alert Max display screen is easy to use with large buttons and text, making it accessible even for users with impaired vision.

Freedom Alert Max is the first fall detection device to come to market with emergency video for caregivers, provided through the Care Village app. The device has two cameras that allow caregivers and family members to understand if and how the device user has fallen and have a visual of their well-being. Videos only provide a live feed accessible solely by caregivers in an emergency and are not saved for any future use. The device also ensures that vulnerable seniors get help as quickly as possible during mental and emotional crises. With 22% of suicides occurring in the older adult population, the device seeks to support this population by coming pre-programmed with the suicide and crisis lifeline (988).

The Freedom Alert Max’s proprietary fall detection technology senses falls and sudden movements and immediately calls for help, even if the person cannot speak or use the device. As falls and movements are detected, the LogicMark algorithm can learn patterns to prevent false positives and use that information to predict when future falls are likely to happen.

Robust GPS location and geofencing capabilities eliminate the concern of aging adults with Alzheimer's and other forms of dementia wandering off, while still offering independence and the ability to age in place. Geofencing will allow caregivers to set a map boundary and receive alert notifications when the device crosses those areas. More than 7 million Americans are living with Alzheimer’s, and over 11 million Americans care for those with Alzheimer's or other forms of dementia, making these features incredibly important for seniors and their caregivers.

An on-the-go device that is ready to use out of the box, Freedom Alert Max provides 24/7 monitoring, meaning that help is always available to dispatch emergency services or alert caregivers that their assistance is needed. The device pairs with the companion smartphone app, Care Village, to provide real-time emergency alert notifications, device location monitoring, geofence set up, and more. Caregivers can call LogicMark to activate the device and then add contacts, avoiding any setup the users must do themselves. The device has no lock screen and is simple to use, focusing on communication, safety, and emergency features rather than apps, texting, and internet browsing. Each user can have a care team comprised of multiple caregivers as contacts on the device and connected through the Care Village Caregiver App, but they can also designate an “on-call” caregiver as the primary contact for emergencies. The “on-call” caregiver can change, allowing for shifts, the sharing of tasks, and easier coordination between the care team members, easing the stress of caretaking for loved ones.

The Freedom Alert Max has a feature-rich offering stack, including:

  • 24/7 U.S.-Based Monitoring
  • Mobile, 4G LTE Technology
  • Fall Detection
  • Geofencing Location Boundaries
  • Emergency Caregiver Video
  • GPS Location Services
  • Easy-to-Use Touch Screen & Form Factor
  • Real-Time Caregiver Emergency Alerts
  • Reliable, Two-Way Communication
  • Unlimited, Non-Emergency Calls with Caregivers and Non-Caregivers
  • Simple Care Coordination for Family, Friends, & Caregivers
  • Pre-programmed Crisis and Suicide Lifeline (988)
  • Care Village Caregiver App for Device Pairing (available on iOS and Android)
  • Remote Setup and Contact Configuration

“Today’s aging, but still active, population deserves access to smart and intuitive technology that empowers them to be independent. Requiring aging adults to keep up with and charge multiple devices to feel safe can be cumbersome and unmanageable. It’s also critical for them to receive help within the first hour of a fall or another emergency to decrease any potential negative effects on their physical or mental well-being,” said Chia-Lin Simmons, CEO of LogicMark. “Freedom Alert Max solves these challenges with its user-friendly operating system and robust platform. We remain committed to using a predictive approach that strengthens responsiveness and prevents the possibility of accidents. We’re honored to provide aging adults with groundbreaking, accessible technology designed for optimal ease, but also provides their families and care teams with greater peace of mind around the well-being of their loved ones.”

The Freedom Alert Max is now available for a one-time activation fee of $54.99, a monthly unlimited cellular plan of $19.99, and a 24/7 U.S.-based monitoring fee of $34.99. New users can participate in a 90-day free trial for fall detection and geofencing during sign-up.

To learn more about Freedom Alert Max, or to purchase a device today, visit https://www.logicmark.com/product/freedom-alert-max/. The device will also be available on Amazon.com. A media kit with images is available here.

About LogicMark, Inc.
LogicMark, Inc. (Nasdaq: LGMK) is on a mission to let people of all ages lead a life with dignity, independence, and the joy of possibility. LogicMark provides medical alert and health communications devices, personal safety apps, services, and technologies to create a Connected Care Platform.

LogicMark is dedicated to building a ‘Care Village’ with proprietary technology and creating innovative solutions for the care economy. A team of leading technologists with a deep understanding of IoT, AI, and machine learning are passionately focused on understanding consumer needs. The company’s PERS technologies are sold through the United States Veterans Health Administration, dealers, distributors, and direct-to-consumer. LogicMark has been awarded a contract by the U.S. General Services Administration that elevates its products as preferred solutions and enables the company to distribute its products to federal, state, and local governments. To learn more, visit logicmark.com and investors.logicmark.com.

Contact
logicmark@relativity.ventures

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bd5b9d26-f10e-4308-a67b-70674560d33b


FAQ

What are the key features of LogicMark's (LGMK) Freedom Alert Max device?

Freedom Alert Max features 4G LTE technology, fall detection with emergency video, geofencing, GPS tracking, 24/7 US-based monitoring, and integration with the Care Village app for caregiver coordination.

How much does LogicMark's (LGMK) Freedom Alert Max cost?

The device requires a $54.99 activation fee, plus monthly fees of $19.99 for cellular service and $34.99 for monitoring. A 90-day free trial is available for fall detection and geofencing features.

What makes LogicMark's (LGMK) Freedom Alert Max unique in the market?

It's the first fall detection device with emergency video capabilities for caregivers, featuring proprietary technology, regular over-the-air updates, and specialized features for Alzheimer's and dementia patients.

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