Wearable Health Solutions, Inc. (OTCMKTS: WHSI) is disrupting the Personal Emergency Response Systems (PERS) industry with a special focus on lone workers. Its iHelp Lone Worker Program protects individuals who work in isolation. Operating the program is Medical Alarm Concepts, a WHSI subsidiary.
WHSI’s iHelp+3G wearable device is an all-in-one employee check-in, emergency alert and monitoring aid. Combined with the mHealth Cloud Management Automation platform, it manages safety. A worker using the device is never really alone on the job. The individual is always protected.
Technology is the catalyst. The wearable device offers real time location tracking, two way voice communication and fall detection. Workers in isolation are constantly monitored and protected with features like overdue check-in and SOS alerts.
Berg Insight research says the market for devices to aid lone workers will reach $289 million by 2021. It is growing at a CAGR of 17% annually.
Research and Markets research projects that the user base in North America will grow from 320,000 users at the end of 2020 to 605,000 workers by year end 2025.
Fredrick Stalbrand, IoT analyst at Berg Insight, said, “Dedicated devices and smartphone apps are likely to coexist on the market for lone worker protection services due to the broad spectrum of risks across different jobs involving working alone.”
Communication by two-way speaker with a emergency response center is an option. Best-in-class describes this worker safety program.
Alerts from the WHSI device can be monitored from a front end portal interface platform. Customizations are available to issues such as tracking, audit trails and portal integration.
Lone workers can be technicians, security personnel, construction personnel or employed in other professions.
Labor regulations and COVID-19 protocols make 24/7 monitoring and real time location key for lone workers. Two-way speaker and voice communication is designed to speed emergency help to the isolated worker.
Coming soon is the tech-forward iHelp +4G device. It is anticipated to be telehealth-ready. It will use state-of-the-art technology such as Bluetooth, Wi-Fi, NFC and 4G telecommunications. WHSI is also looking into a new feature offering transmission of biological data for healthcare purposes from body mounted sensors.
iHelp +4G device is currently in the testing and production phase. It will offer voice command activation, data collection and GPS tracking. Plus it have geo fencing and fall detection. All of this will be on a 4G network.
Technology offers lone workers confidence that their safety is being monitored at all times. The WHSI catalyst is next generation technology. It can provide a leading edge for the Company in this digital age.
A key investment consideration for WHSI is the impact of tech-forward benefits. WHSI uses artificial intelligence (AI), Blue Tooth, Backend As A Service (Baas), IoT, Wi-Fi, Central Cloud Management and in 2022 4G telecommunications.
WHSI’s products provide tech-forward and real-time proprietary personal home security devices and medical alarm products. It sells to the growing home security and home healthcare markets. It is now integrating the newest technology, such as voice artificial intelligence (AI), into its existing Smart products.
WHSI is an innovator that participates in the mobile health (mHealth), medical alarm device and eHealth space. This technology-driven company is focused on the remote patient monitoring (RPM) and mobile personal emergency response systems (mPERS) industries. After COVID-19, tele-health and mobile monitoring have jumped exponentially.
Keep WHSI on you Watch List as the Lone Worker safety market is growing fast.
Coverage of Wearable Health Solutions Inc. is part of a sponsored investor education program.