Recovery Services Converting to SOBRsure Band for Advanced Remote Monitoring, Replacing Breathalyzers
SOBR Safe has announced agreements with recovery services Hired Power and The Firm to adopt its SOBRsure device, replacing traditional breathalyzers for remote client monitoring. Both companies have made initial hardware and software purchases, drawn by SOBRsure's 24/7 passive monitoring and non-invasive design. Hired Power, based in Huntington Beach, California, is an established provider of professional transition services. The Firm, located in Nashville, Tennessee, offers family education, intervention, and long-term recovery services. The new SOBRsure devices aim to improve client experience and monitoring efficiency.
- SOBRsafe signed agreements with Hired Power and The Firm, expanding its client base.
- Initial purchases of SOBRsure devices have been made by both companies.
- SOBRsure offers 24/7 passive monitoring, enhancing client experience.
- The device is non-invasive, addressing comfort and ease-of-use.
- The announcement lacks specific financial details, like revenue projections.
- No information is provided about potential challenges in deploying the new technology.
- Dependence on forthcoming software rollout could delay full implementation.
Insights
The recent agreements signed by SOBR Safe with Hired Power and The Firm mark a significant step in the company's strategy to replace traditional breathalyzers with its advanced SOBRsure devices. This shift towards passive, 24/7 remote monitoring is a clear indication of the growing demand for more discrete and non-invasive alcohol detection solutions.
From a market perspective, this move aligns with the broader trend of leveraging technology for improved healthcare outcomes. Given the nature of addiction recovery services, the ability to monitor clients continuously without intrusive methods could lead to better compliance and outcomes, enhancing the value proposition of SOBRsure.
For investors, this could signal increased adoption and potentially higher revenue streams for SOBR Safe as it secures more contracts within the recovery sector. The partnerships with established names like Hired Power and The Firm also lend credibility to SOBR Safe's technology, which could attract further interest from other recovery service providers.
From a technological standpoint, the SOBRsure device represents a notable advancement in alcohol detection. Unlike traditional breathalyzers, which require active participation from the user, the SOBRsure device offers passive and continuous monitoring. This can significantly reduce the chances of non-compliance or manipulation.
The integration with enterprise client management software further enhances its utility, enabling healthcare providers to monitor patient data in real-time and respond promptly to any concerns. This capability is particularly important in recovery settings where timely intervention can be critical.
However, the reliance on continuous data transmission and monitoring also raises potential privacy concerns, which will need to be addressed to ensure patient trust and adherence to privacy regulations. Nevertheless, the technological benefits of SOBRsure could drive significant improvements in the management of alcohol addiction recovery programs.
Financially, the signing of new agreements with Hired Power and The Firm could be a positive development for SOBR Safe. The initial purchases of SOBRsure devices indicate immediate revenue generation and the forthcoming launch of their enterprise client management software suggests the potential for recurring revenue streams through software subscriptions and ongoing device usage.
This move also positions SOBR Safe well for future growth, as successful implementation with these prominent recovery services could lead to further adoption across the industry. Investors should note that while the initial financial impact may be modest, the long-term implications of widespread adoption could be significant, enhancing SOBR Safe's market position and financial stability.
However, investors should also consider the company's ability to scale production and support for their devices. Any operational challenges in meeting increased demand could impact the financial benefits.
Two new customers cite passive, 24/7 capabilities and discrete, non-invasive client experience.
DENVER, CO / ACCESSWIRE / June 4, 2024 / SOBR Safe, Inc. (NASDAQ:SOBR) ("SOBRsafe"), provider of next-generation transdermal alcohol detection solutions, today announced that it has signed hardware/software agreements with prominent recovery services Hired Power and The Firm. Both providers have made initial SOBRsure™ device purchases; following the forthcoming launch of SOBRsafe's enterprise client management software, they intend to replace breathalyzers for use in remote client monitoring.
Hired Power
Based in Huntington Beach, California, Hired Power is a leader in professionalized transition services, with over 20 years of experience. Hired Power holds the trust of thousands of treatment centers, professionals, clients and their loved ones. As an authority on interventions, safe passage, data-driven monitoring, Personal Recovery Assistants, case management and customizable coaching for individuals and families, Hired Power helps clients achieve and maintain successful recovery and fulfillment.
The Firm
Based in Nashville, Tennessee, The Firm provides lifesaving solutions to bridge the gap between addiction and long-term recovery, including family education, intervention, long-term case management and monitoring services for those battling addiction. The Firm's recovery professionals have been featured on A&E's Emmy Award-winning television show, "Intervention," and now host a popular podcast delving into into addiction, intervention, recovery and family support.
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About SOBRsafe™
Alcohol misuse is the fourth leading cause of preventable death in America, and the seventh worldwide. Yet prevention and monitoring solutions have not kept pace with this epidemic. Legacy technologies are invasive and inefficient, unhygienic and unconnected. There has to be a better way.
Enter SOBRsafe™. Our advanced transdermal (touch-based) technology detects and instantaneously reports the presence of alcohol as emitted through a user's skin - no breath, blood or urine sample is required. With a powerful backend data platform, SOBRsafe provides next generation, passive detection technology for the behavioral health, judicial and consumer markets, and for licensing and integration.
The SOBRsafe technology is commercially available for point-of-care screening (SOBRcheck) and continuous monitoring (SOBRsure). At SOBRsafe, we are creating a culture of prevention and support. To learn more, visit www.sobrsafe.com.
Contact SOBRsafe:
IR@sobrsafe.com
Safe Harbor Statement
This announcement includes forward-looking statements within the meaning of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These statements are based on management's beliefs and assumptions, and on information currently available to management. Forward-looking statements include the information concerning our possible or assumed future results of operations set forth under the heading "Management's Discussion and Analysis of Financial Condition and Results of Operations." Forward-looking statements also include statements in which words such as "expect," "anticipate," "intend," "plan," "believe," "estimate," "consider," or similar expressions are used.
Forward-looking statements are not guarantees of future performance. They involve risks, uncertainties, and assumptions. Our future results and shareholder values may differ materially from those expressed in these forward-looking statements. Readers are cautioned not to put undue reliance on any forward-looking statements.
SOURCE: SOBR Safe, Inc.
View the original press release on accesswire.com
FAQ
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