FAIRFAX STATION, Va. -- According to an SEC filing, LogicMark, LLC has accepted 9 million shares of common stock from Medical Alarm Concepts Holdings, Inc. (OTCBB:MDHI), as settlement for a patent infringement suit.
Fairfax Station, Va.-based LogicMark now holds 6.7 percent of Plymouth Meeting, Pa.-based Medical Alarm Concepts shares, worth $9,000 at Monday's closing price of 1 cent.
The two medical alarm device companies were on friendly terms until LogicMark sued Medical Alarm Concepts (owners of MediPendant) last March for patent infringement, unfair trade practices and Intentional Interference with Business or Contractual Relations, according to telecareaware.com.
Evidently Medical Alarm Concepts insisted on claiming to have the only product with two-way voice communications via the pendant. LogicMark, maker of the FreedomAlert pendant, begged to differ,
The companies announced on April 19 that they reached a settlement agreement in the Eastern District of Virginia in which all charges have been dismissed without acknowledgement of liability by either party, and the parties retain their rights in their respective intellectual property.
Terms of the agreement were not disclosed, until the current filing.
Founded in 2008, Medical Alarm Concepts is a development stage company that provides personal response monitoring services and related products to subscribers with medical or age-related conditions.
LogicMark's FreedomAlert pendant functions like a monitored personal emergency response system, except the owner doesn't have to pay monthly monitoring fees. via CityBizList
PR Log (Press Release) – May 15, 2010 – Freedom Alert - Freedom Alert Pendant - Freedom Alert Medical Alert - LogicMark
Wrist - Shower - Wheelchair - Necklace Lanyard - Belt Clip - wear it anywhere - range up to 600 feet and NO MONTHLY CHARGE to use it - Emergency Alert - Talk Through the Pendant
Longest Range In The Industry - No Monthly Fees - Speak Into The Pendant and Talk With Anyone In The Event Of An Emergency - Wear It In The Shower, it's Waterproof ! You MUST see this !!!
Freedom Alert - NEW - 2 Way Voice Communication Pendant Medical Alert Alarm.
SAY GOODBYE to MONTHLY FEES FOREVER !!!!
- Waterproof Pendant (wear it in the shower) -
- 600 foot range -
- 2 Way Voice Communication Through The Pendant -
- NO MONTHLY FEES -
- Wear it on your wrist, belt clip, around your neck or attach it to your walker or wheelchair.
The NEW Freedom Alert Medical Alert system has all the features seniors have been waiting for.
- No Monthly Fees
- 600 Foot Range
- Talk right through the speakerphone like using a cordless phone
- Wear it in the shower
What if there was a no monthly fee medical alert system with a waterproof pendant with a 600 foot range? Why would anyone not want their loved one to have one?
The worlds first no monthly fee medical alert system with a waterproof pendant that you can actually talk through just like a cordless phone.
- 600 foot range
- Calls the numbers that you want it to call in the event of an emergency (friends, family or even 911)
- Waterproof pendant you can shower with
- No monthly fee to use it. Buy the system and it is yours forever and there is never another charge to use it.
Why pay $29-$49 each month for a system when you don't have to?
This system will work with a normal telephone line or VOIP phone lines.
Works in Canada and most other countries.
Has a battery backup so there is always a connection to your phone line.
Free yourself with the Freedom Alert
Free from Monthly Fees
Free yourself to roam up to 600 feet away from the base unit
Free yourself to carry this with you in the shower, on your wrist, in a belt clip or on the arm of a wheelchair.
FOLLOW THIS LINK FOR MORE INFORMATION
http://www.thefreedomalertpendant.com
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