MetAlert, Inc. (MLRT) Planned Acquisition of TrakT
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Posted On: 01/26/2023 4:01:38 PM
MetAlert, Inc. (MLRT) Planned Acquisition of TrakTec LLC Adds Superior Radio Frequency-Based Tracking Technology to Portfolio of Location-Based Solutions
- MetAlert recently announced the planned acquisition of TrakTec LLC, a Florida-based leader in location awareness technology for consumer and business applications
- The acquisition is expected to add several products to MetAlert’s existing suite of products, one of which is an RFID and Bluetooth-enabled tracking technology called SafetyNet(R)
- The SafetyNet Tracking System comprises the SafetyNet Bracelets that patients wear, and a receiver-antenna combo used by police departments and first responders
- The Chelmsford Police Department in Massachusetts recently reported it had successfully located a missing senior citizen with dementia because of its participation in the SafetyNet program
- The department has, over time, established that radio frequency can be superior to GPS at successfully tracking missing persons, especially in challenging conditions such as densely wooded areas, buildings, basements, and shallow water
MetAlert (OTC: MLRT), a pioneer in smart, mobile, and wearable GPS tracking and recovery location-based products and services, is implementing a solid growth strategy that has seen it enter into a Heads of Terms agreement to acquire TrakTec LLC, a Florida-based leader in location awareness technology for consumer and business applications. Announced January 11, the agreement is expected to close on or before March 17 this year upon completing satisfactory due diligence and audits (https://nnw.fm/4YlSw ).
The acquisition is expected to add iGPS products, namely the Wizard GPS Tracking Watch Phone for children and the Phoenix GPS-based smartwatch for seniors, and SafetyNet(R), a radio-frequency identification (“RFID”) and Bluetooth-enabled tracking technology, to MetAlert’s existing suite of mostly GPS-based tracking products. Of the additions, SafetyNet stands out because of radio frequency’s unique advantages over GPS in certain outdoor environments.
TrakTec’s SafetyNet System comprises bracelets designed to be worn on the wrist or ankles at all times and individually emit a unique signal that represents the wearable’s own RFID. It is this RFID that is then fed into a receiver to enable tracking. The receivers are meant to be operated by law enforcement officials as part of the SafetyNet Tracking Systems program, with the police departments receiving handheld and vehicle-mounted antennas that isolate and boost the RF produced by the bracelets. Generally, the SafetyNet Tracking System is intended to help public safety agencies quickly locate patients with such conditions as autism, Alzheimer’s disease, and dementia.
Once an alert goes out that a SafetyNet user is missing, the first responders whose vehicle is equipped with an antennae head to the missing person’s last known location. This antenna, which isolates the incoming signals from the bracelet, allows the responders to track the location of the missing person up to a proximity of about a quarter of a mile, at which point the responders shift to the handheld tracking device that has a directional antenna. This device enables the responders to further isolate the person’s location and eventually find them.
Since its formation in 2010, SafetyNet has been deployed in more than 1,000 rescue cases (https://nnw.fm/DoxxC ) and is utilized by police departments across more than 15 US states (https://nnw.fm/WhQAr ). One of these departments, the Chelmsford Police Department in Massachusetts, recently reported successfully locating a missing senior citizen with dementia because of its participation in the SafetyNet program (https://nnw.fm/ixPtO ).
For more information, visit the company’s website at www.MetAlert.com.
NOTE TO INVESTORS: The latest news and updates relating to MLRT are available in the company’s newsroom at https://nnw.fm/MLRT
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 recently announced the planned acquisition of TrakTec LLC, a Florida-based leader in location awareness technology for consumer and business applications
- The acquisition is expected to add several products to MetAlert’s existing suite of products, one of which is an RFID and Bluetooth-enabled tracking technology called SafetyNet(R)
- The SafetyNet Tracking System comprises the SafetyNet Bracelets that patients wear, and a receiver-antenna combo used by police departments and first responders
- The Chelmsford Police Department in Massachusetts recently reported it had successfully located a missing senior citizen with dementia because of its participation in the SafetyNet program
- The department has, over time, established that radio frequency can be superior to GPS at successfully tracking missing persons, especially in challenging conditions such as densely wooded areas, buildings, basements, and shallow water
MetAlert (OTC: MLRT), a pioneer in smart, mobile, and wearable GPS tracking and recovery location-based products and services, is implementing a solid growth strategy that has seen it enter into a Heads of Terms agreement to acquire TrakTec LLC, a Florida-based leader in location awareness technology for consumer and business applications. Announced January 11, the agreement is expected to close on or before March 17 this year upon completing satisfactory due diligence and audits (https://nnw.fm/4YlSw ).
The acquisition is expected to add iGPS products, namely the Wizard GPS Tracking Watch Phone for children and the Phoenix GPS-based smartwatch for seniors, and SafetyNet(R), a radio-frequency identification (“RFID”) and Bluetooth-enabled tracking technology, to MetAlert’s existing suite of mostly GPS-based tracking products. Of the additions, SafetyNet stands out because of radio frequency’s unique advantages over GPS in certain outdoor environments.
TrakTec’s SafetyNet System comprises bracelets designed to be worn on the wrist or ankles at all times and individually emit a unique signal that represents the wearable’s own RFID. It is this RFID that is then fed into a receiver to enable tracking. The receivers are meant to be operated by law enforcement officials as part of the SafetyNet Tracking Systems program, with the police departments receiving handheld and vehicle-mounted antennas that isolate and boost the RF produced by the bracelets. Generally, the SafetyNet Tracking System is intended to help public safety agencies quickly locate patients with such conditions as autism, Alzheimer’s disease, and dementia.
Once an alert goes out that a SafetyNet user is missing, the first responders whose vehicle is equipped with an antennae head to the missing person’s last known location. This antenna, which isolates the incoming signals from the bracelet, allows the responders to track the location of the missing person up to a proximity of about a quarter of a mile, at which point the responders shift to the handheld tracking device that has a directional antenna. This device enables the responders to further isolate the person’s location and eventually find them.
Since its formation in 2010, SafetyNet has been deployed in more than 1,000 rescue cases (https://nnw.fm/DoxxC ) and is utilized by police departments across more than 15 US states (https://nnw.fm/WhQAr ). One of these departments, the Chelmsford Police Department in Massachusetts, recently reported successfully locating a missing senior citizen with dementia because of its participation in the SafetyNet program (https://nnw.fm/ixPtO ).
For more information, visit the company’s website at www.MetAlert.com.
NOTE TO INVESTORS: The latest news and updates relating to MLRT are available in the company’s newsroom at https://nnw.fm/MLRT
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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