KING OF PRUSSIA, Pa., Oct. 4, 2011 /PRNewswire/ -- Medical Alarm Concepts Holding, Inc. (OTCQ:MDHI), manufacturer of the MediPendant™, the first fully-monitored medical alarm system that allows the user to speak and listen directly through the pendant, today announced that it is beta testing its next generation medical alarm, and hopes to release the new product sometime next year. The new MediPendant™ will have enhanced features, including but not limited to, a rechargeable battery, a pendant locator, and wireless and cellular capabilities. In addition, the product will be sleeker in design and 25% smaller than the current device.
"As the personal medical alarm market continues to grow, so must the technology and features of the medical alarm. The MediPendant™ already offers the latest technology in the industry. The next generation of the product will be even more advanced, smaller, and offer exciting new features to the end user. Private investment capital, in tandem with the our recent financing and debt restructuring, gives Medical Alarm Concepts sufficient means to move forward, and enables us the resources necessary to position the MediPendant™ as a leader in the personal emergency medical alarm market," said Ronnie Adams, President and CFO of Medical Alarm Concepts Holding, Inc.
Under the terms of a private agreement, Medical Alarm Concepts is working with a leading provider of both cellular and wireless technology. The new partner will finance all of the research and development costs for the MediPendant™, and will also be responsible for licensing technologies from the company at a pre-determined cost.
A standard PERS system does not enable the user to speak and listen through the pendant, thus limiting them to a small area in their home. There is always the risk that the user will not be heard by the call center operator if they are not within range of the base station. MediPendant's™ patented two-way voice technology enables the user to speak and listen directly through the pendant no matter where they may be in and around their home. MediPendant™ service also includes advanced features such as multi-party voice sessions that enable the operator to link loved ones directly into the emergency call in real time, so they can be a part of the actual emergency call.
About Medical Alarm Concepts
Medical Alarm Concepts Holding, Inc. (MAC) develops and manufactures innovative products and practical solutions within the framework of a vast growing marketplace. We have built our reputation in the personal emergency response system (PERS) and medical alert industry. With patented technology and state-of-the-art services, MAC is uniquely positioned to mobilize the right people, skills and alliances to ensure success and client satisfaction. Our design and support philosophy emphasizes industry best practices, while providing polished and savvy solutions. MAC's latest innovation is the development of its two-way voice speakerphone pendant technology. For more information, please visit our website at http://www.medalarmco.com.
Safe Harbor Statement
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission.
Medical Alarm Concepts Holding, Inc.
|SOURCE Medical Alarm Concepts Holding, Inc.|
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