LogicMark Expands AI-Driven Safety Platform to Serve Aging Population and New Markets

LogicMark Inc., maker of personal emergency response systems and AI-driven software, has enhanced its Software-as-a-Service model with its Caring Platform as a Service. This connected care platform collects and analyzes data from LogicMark products and third-party partner devices to provide critical insights and notifications to users. The company states this approach empowers patients and caregivers to communicate in real-time and act on care needs immediately.

The platform enables caregivers to know immediately if a patient's device leaves its preset location boundary or if a fall is detected through personalized patient monitoring. LogicMark positions its CPaaS platform as the vanguard for empowering a new level of remote monitoring, potentially helping older adults maintain more independent living arrangements. The company's hardware and that of others acts as the messenger, gathering data in real-time from individuals and sending it to be collected and analyzed with LogicMark's Artificial Intelligence-enabled SaaS.

LogicMark's Care Village app demonstrates how the system operates in practice. Through the app, caregivers can monitor fall status, device health, battery levels and other critical metrics. Care Village prioritizes user experience by allowing scheduling across multiple devices with multiple caretakers or family members. Because it connects over Wi-Fi and mobile networks, loved ones remain easily reachable regardless of location.

The company's new market approach promises not only improved user experience but potential market expansion in the smart personal safety devices and software sector, projected to surpass $147 billion by 2037. By offering an ecosystem of safety devices and SaaS, LogicMark aims to secure larger market share and corresponding revenue growth. The recurring revenue stream component of its Software-as-a-Service focus provides predictable income through subscription-based offerings charged at fixed rates.

LogicMark is targeting multiple markets requiring personal remote monitoring, including government sectors such as Medicare and Veterans Health departments. The company's collaboration with BlackKnight Medical, a Service-Disabled Veteran-Owned Small Business, exemplifies its growing governmental contract portfolio. This partnership enables LogicMark to leverage Black Knight Medical's expertise in medical supply distribution and government contracting to potentially enhance access to medical alert devices and its SaaS for veterans across the United States.

The company's Aster mobile application represents expansion into new addressable markets under the personal safety umbrella. Aster turns smartphones into personal protection devices that ensure safety 24/7 and contact emergency services. With a simple push of a Bluetooth button, the system automatically contacts a monitoring service and calls the user's phone to offer support during vulnerable moments. Simultaneously, notifications and GPS locations are sent to designated contacts so users receive help while loved ones obtain real-time updates.

Aster functions as a subscription-based software application available on both Apple and Google Play stores. The app pairs with the Aster Emergency button, a discreet companion device ensuring users can reach help without opening their phone. LogicMark views Aster as demonstrating how its Caring Platform as a Service model can be leveraged to launch other mobile and internet-of-things solutions. The company is harnessing the software technology behind Aster to produce additional IoT solutions protecting user safety while enabling family, friends and caregivers to monitor individuals from any location.

LogicMark's strategic shift to a SaaS model combines smart devices with AI-driven software to deliver comprehensive personal safety solutions while establishing recurring revenue streams. This approach addresses the growing need for advanced monitoring systems as populations age and remote care becomes increasingly important in healthcare delivery.