As LGMK creates and launches new products, the goal is to expand the target addressable market beyond its traditional target demo and concurrently broaden its penetration within the traditional market with new hardware such as the Freedom Alert Mini and Max and new features such as advanced fall detection and solutions leveraging AI/ML technologies, among other features. The company also expects opportunities to license its technology to third parties and thereby boost recurring high-margin revenue, and continues to expands its patent position to support potential licensing opportunities and protect its IP.
