UnaliWear - Kanega Watch mentioned in the Wall Street Journal

UnaliWear Mentioned in the Wall Street Journal (WSJ) in: “The Business of Aging”

We at UnaliWear would like to thank all the parties involved to include us as a mention in the Wall Street Journal in the article:  “The Business of Aging”.   You can read the complete article here:  http://partners.wsj.com/pgim/the-business-of-aging/

UnaliWear - Kanega Watch mentioned in the Wall Street JournalBy 2030, the number of Americans over the age of 65 is expected to top 70 million, according to the U.S. Census Bureau. For investors, one of the biggest challenges will be understanding the implications of where and how those millions of people will live. Historically, as people aged they moved to assisted-living communities and long-term care facilities. But in the next 20 years, researchers predict the aging population will have different requirements for how they live.

For example, as seniors begin to outnumber younger generations, industry watchers expect to see an exponential increase in demand for senior housing as the need for such developments as student housing, shared rental units and first homes declines. In fact, Census Bureau analysts expect that U.S. home ownership rates will continue to decline from their peak in 2005 of 69.1 percent as younger generations opt for apartments and shared living spaces over buying a home. The real estate industry is responding to this shift with greater focus on accessible retail locations, home working environments and less traditional retirement communities.

Technology is already changing how health care is accessed and delivered. Tablets and hand-held computers are standard features in examination rooms today, giving doctors and other health care professionals immediate access to patient history, lab results and current medications to help diagnose and treat patients more quickly and efficiently. And most medical practices already offer online patient portals, providing users access to all their records.

Looking ahead, though, health care technology companies that cater to the aging population are one of the predicted areas for potential investment opportunity. The aging effect will cause annual spending on home health care by seniors to balloon by almost $90 billion by 2070, according to an analysis commissioned by PGIM, the investment management unit of Prudential, and conducted by Oxford Economics. Spending on medicine and drugs, meanwhile, will climb by more than $40 billion annually over the next 50 years.

The so-called “Silvertech” market has spawned hundreds of new startups in recent years, attracting tens of millions of dollars in seed capital from venture capital investors and crowdfunding Internet sites. Most of today’s innovations are focused on technology that helps seniors remain in their homes for as long as possible, says Laurie Orlov, an analyst and founder of “Aging In Place Technology Watch,” an online newsletter. “Home care is really hot right now,” she says. “It’s one of the booming job categories, and we are seeing more companies entering the market with tech-enabled home care.”

Sensors are also garnering heightened attention from the capital markets as companies repurpose existing technology to fit the growing needs of seniors. The ubiquitous wristbands sported by fitness fanatics and health-conscious people are now beginning to connect the health and fitness data they collect with health care providers.

While seniors probably don’t need to track the intensity of their workouts, the data collected by the sensors can provide critical information to caregivers. UnaliWear, an Austin-based startup, funded its Kanega Watch with a Kickstarter campaign. A self-contained unit that doesn’t require a phone or Internet connection, Kanega is a voice-activated system that can detect falls or long stretches of inactivity and ask the wearer if he or she is OK. If there is no response, the watch can call for help and alert caregivers. GPS functions track wearers’ movements and can help them find their way home if they are lost.

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    30-day Money-Back Guarantee
    If equipment is returned undamaged and fully functioning within the 30-day trial period (from date of shipment to date of return), UnaliWear will provide a free return-shipping label and refund your entire purchase, minus a $75 restocking fee.

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    Pre-Shipment Form & Configuration

    Once your purchase and payment are complete, we will ask you to provide important information about the person who will be wearing this Kanega watch and protected by our monitoring and emergency response services, including:
    • Wearer name and contact information
    • Wearer band/wrist size
    • Service address and access instructions
    • WiFi settings
    • Emergency contacts
    • Medication reminder times (optional)
    Our Care & Safety Experts will use this information to pre-program and personalize your watch so that it arrives ready-to-use straight out of the box – for no additional fee.

    Your Kanega watch and equipment arrives fully—configured and ready-to-use straight out of the box — no programming required.

    Our dedicated Care & Safety Experts ensure your Kanega watch arrives pre-programmed and personalized with you or your loved ones:
    • Emergency contacts
    • Notification settings
    • WiFi settings
    • Optional medication reminders
    • And more
    After your purchase, we will ask you to provide important information about the wearer through a simple pre-shipment online form. Then our Care & Safety Experts will take care of the rest. They will also call once your Kanega watch is delivered to answer any questions you have about your watch, accessories, subscription or services — and will remain available to ensure your watch is working properly as long as you stay subscribed.

    UnaliWear’s patented RealFall™ technology is based on actual fall data from Kanega Watch wearers and gets smarter about each wearer’s personal movements over time— continuously improving fall detection accuracy and limiting/eliminating false alerts. No other medical alert system offers this real fall/related movement learning and continuous improvement technology. Click here to learn more.