Wherify Gears Up to Deliver GPS Child Safety Services
Wherify Wireless, Inc., a leading developer of wireless location products and services, today announced the company has secured a package of equity financing where the company can access up to $35 million of common stock equity over a two-year period. Wherify will utilize the funds for accelerating marketing efforts and expanding global operations toward the upcoming launch of its Wherifone GPS Locator Phone, assisted-GPS technology platforms, and continued product development.
The Wherifone is the world’s smallest GSM/Enhanced-GPS Locator Phone and provides a totally unique and affordable way for families with pre-teens, seniors, mobile workers, or those with special medical needs, to stay connected and in contact with each other. As well as two-way voice calling, the Wherifone features Enhanced-GPS location technology that lets it be located in lightly obstructed areas, such as many types of wood frame buildings and vehicles, and under dense foliage. The Wherifone gives a child or adult carrying it a new level of security knowing they can stay connected to friends, family and colleagues, and request an emergency response at the touch of a button.
“This equity financing is an important component of our overall financial strategy and provides us access to the capital necessary to continue our innovation and leadership position in the GPS location, family safety and communications markets,” said Timothy Neher, chief executive officer, Wherify Wireless. “We are excited to see that our Company has received such a strong vote of confidence as we prepare to launch our services worldwide.”
The Wherifone provides affordable peace-of-mind to the modern mobile family. The slim, small and lightweight Tri-Band GSM cell phone (900/1800/1900 and 850/1800/1900) weighs under 70 grams and features incoming and outgoing calling, five programmable buttons for one touch dialing, a headset jack, and a backlit LCD display. The absence of a traditional dial pad helps parents and caregivers manage the expense of out-going calls, and provides ease-of-use. As well as two-way voice calling, the Wherifone features Enhanced-GPS location technology that lets it be located in lightly obstructed areas, such as many types of wood frame buildings and vehicles, and under dense foliage. The cell phone is supported by a Location Service Center, which can be accessed 24 X 7, by telephone or the Internet to locate and plot a device’s position on both street maps and aerial photographs.
– PRE-TEENS: The Wherifone is a great “First Phone” for pre-teens. The small, compact design is a perfect fit for kids, and comes in a variety of great colors that will make them the envy of the neighborhood. The phone’s five pre-programmable buttons let kids stay in touch with close family and friends, or summon help with one-touch dialing — while letting parents manage outbound call costs. The Wherifone’s Enhanced GPS location technology also lets parents, caregivers and safety officials quickly locate a child in need of help, bringing peace-of-mind and added safety to the mobile family.
– SENIORS: The Wherifone makes an ideal “Companion Phone” for seniors on the go or with special needs. With simple one-touch dialing through five pre-programmed buttons, seniors can easily stay in touch with friends and family while having the ability to call for help at the push of a button. Not only can seniors use the Wherifone GPS location phone themselves to summon aid right to their location, but loved-ones and care-givers can contact the Wherify Global Location Service Center, or use the secure Wherify website, to identify senior’s location at anytime of day or night.
– SMALL BUSINESSES: The Wherifone can be used by small businesses as a mobile “Work Phone” to manage and communicate with mobile workers, to manage the location of small fleets of trucks or delivery vehicles, and to coordinate dispatch destinations with drivers. The preprogrammed one-touch dialing buttons also help the small business owner manage communications expenses. The absence of a traditional dial pad prevents workers from using the Wherifone for personal calls and incurring unauthorized expenses, while at the same time ensuring they can make necessary calls to up to five pre-defined locations.
Written by GPS Tracking Guy on February 10th, 2006 with
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