(MENAFN- Investor Brand Network) metalert (otc: mlrt) , a pioneer in location-sensitive health monitoring devices and wearable technology products for remote patient monitoring, was featured in two recent reports published by
ludlow research . In both reports, Ludlow issued an upgrade research opinion on MetAlert with a valuation target of $1.00 to $1.25 per share. The upgrades were based on various factors, including MetAlert's agreement with a major IoT connectivity company out of Germany, its expansion of medical devices for the aging and autism markets, ramp-up in SmartSole unit production to fulfill backorders, as well as elimination of toxic debt.“In recent months, MetAlert extinguished all of their toxic convertible notes from their balance sheet, which should now provide increased stability to their public float. The influx of new chips in Q4 2022 should significantly increase production of SmartSole units in early 2023. This ramp-up in production should help fulfill backorders currently in place and increase revenues in the coming months,” reads the latest update.“The elimination of toxic debt, improved guidance to their NFC operations, and launch of new medical devices geared towards the geriatric and autism health care markets now places the company in a much healthier position going forward into 2023.”
To view the full reports, visit
and
About MetAlert Inc.
MetAlert is a pioneer in smart, mobile and wearable tracking and recovery location-based solutions, supported through a proprietary IOT enterprise monitoring platform and intellectual property portfolio. The company offers global end-to-end solutions of hardware, software and connectivity and develops two-way GPS tracking technologies, which seamlessly integrate with consumer products and enterprise applications, utilizing the latest in miniaturized, low power consumption GPS, cellular, RF, NFC, and BLE technology, enabling subscribers to track in real time the whereabouts of people or high value assets. MetAlert is known for its game-changing and award-winning patented GPS SmartSole – think Dr. Scholl's meets LoJack, the world's first visible wearable technology tracking device created for those at risk of wandering due to Alzheimer's, dementia, autism and traumatic brain injury. MetAlert's business model is built around technology innovation and the company holds dozens of patents, with many issued patents in the area of GPS tracking. The company has international distributors servicing customers across the globe with subscribers in over 40 countries and is a U.S. military government contractor. Other customers include public health authorities and municipalities, emergency and law enforcement, private schools, assisted living facilities, NGOs, small business enterprises, senior care homes, and consumers. For more information, visit the company's website at
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The latest news and updates relating to MLRT are available in the company's newsroom at
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