2014 Smart Energy STARTUP
Over 300 million people around the world are over the age of 60, with that number expected to double in the next 25 years. But as more and more people live longer, they are more likely to suffer from falls which can significantly affect their quality of life and even be life-threatening, and are also more likely to develop age-related diseases whose early warning signs all include reduced ability to move around.
Unfortunately, there are few solutions available today that can effectively identify if the person has fallen without requiring them to actually push an emergency help button, or are able to identify longer-term trends in the person’s mobility so that they can seek medical attention which can help them reduce the impact or onset of the disease.
PowerTags has developed and proven a technology that is high-performance, low-cost, and easily wearable, providing a uniquely effective solution that overcomes the performance limitations and high cost of current solutions. The solution is a combination of hardware (a bracelet and sensors) and cloud-based software that together can send an immediate alert in the event of a fall, as well as identify longer-term mobility-related trends in order to recommend medical attention. This solution offers peace of mind to family members, and enables timely medical intervention when necessary. The system is marketed through relevant B2B and B2C service providers and equipment manufacturers for a 1-time fee plus annual subscription, and is also relevant for a range of other applications where worker safety is critical, including mines, drilling rigs, secure-access facilities, hazardous materials locations, etc.