NetworkNewsBreaks – MetAlert Inc.’s (MLRT) Acq
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Posted On: 01/26/2023 3:48:47 PM
NetworkNewsBreaks – MetAlert Inc.’s (MLRT) Acquisition Target’s SafetyNet(R) Featured in New Article
MetAlert (OTC: MLRT), a leading solution provider for consumers/patients afflicted with movement, cognitive and spatial awareness disorders, recently announced that it offered $4.5 million in a cash and stock deal to acquire TrakTec LLC. Offering affordable, scalable location-awareness technology solutions, TrakTec made the news in a new Fairmont Post article that discusses its SafetyNet(R) service and others like it that are providing peace of mind for caregivers and loved ones and helping to quickly locate individuals who may be in danger. “Many police departments in the country have already begun to take advantage of these technologies to locate and rescue missing citizens who have autism, dementia and Alzheimer’s. Just a few days ago, the Chelmsford Police Department reported that they located a missing woman using a tracking system called the ‘SafetyNet(R) System,’” the article reads. “The SafetyNet is intended to assist in the faster identification of missing people with cognitive impairments that have a tendency to get lost or disoriented. Police departments provide qualified participants a SafetyNet bracelet to wear around their wrist or ankle at all times. The bracelet has a radio frequency transmitter that transmits a continuous signal that may be used to pinpoint the user’s specific position if they go missing. In some cases, SafetyNet’s radio frequency technology has been proven to be more successful than GPS or cellular, particularly in tough environments such as thickly forested regions, buildings, basements, and shallow water.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
MetAlert (OTC: MLRT), a leading solution provider for consumers/patients afflicted with movement, cognitive and spatial awareness disorders, recently announced that it offered $4.5 million in a cash and stock deal to acquire TrakTec LLC. Offering affordable, scalable location-awareness technology solutions, TrakTec made the news in a new Fairmont Post article that discusses its SafetyNet(R) service and others like it that are providing peace of mind for caregivers and loved ones and helping to quickly locate individuals who may be in danger. “Many police departments in the country have already begun to take advantage of these technologies to locate and rescue missing citizens who have autism, dementia and Alzheimer’s. Just a few days ago, the Chelmsford Police Department reported that they located a missing woman using a tracking system called the ‘SafetyNet(R) System,’” the article reads. “The SafetyNet is intended to assist in the faster identification of missing people with cognitive impairments that have a tendency to get lost or disoriented. Police departments provide qualified participants a SafetyNet bracelet to wear around their wrist or ankle at all times. The bracelet has a radio frequency transmitter that transmits a continuous signal that may be used to pinpoint the user’s specific position if they go missing. In some cases, SafetyNet’s radio frequency technology has been proven to be more successful than GPS or cellular, particularly in tough environments such as thickly forested regions, buildings, basements, and shallow water.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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