Helios & Matheson Analytics & RedZone Announce That RedZone Has Acquired All the Assets of Trendit, an Israeli Company, Inclu...
June 05 2017 - 8:00AM
Business Wire
Technology Addresses Crowd Behavior and
Migration Patterns of Threatening Groups or Individuals,
Identifying Origin, Destination and Trends
Helios and Matheson Analytics Inc. (NASDAQ: HMNY) and its
subsidiary RedZone, creator of the RedZone Map™ real time crime and
navigation app, a tool for situational awareness and enhancement of
personal safety, announced today that RedZone has acquired three
U.S. patents from Israel-based technology company Trendit Ltd.
(TRIT.L UK Stock Exchange), among other assets. Hagai Yedid of
Migdal Capital Markets, a division of Israeli company Migdal
Insurance and Financial Holdings Ltd., served as advisor on this
transaction.
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RedZone Map(TM) app's advanced technology
will track real-time crowd behavior and migration patterns of
threatening groups or individuals, identifying origin, destination
and trends. (Photo: Business Wire)
RedZone plans to integrate the patented technology with the
RedZone Map™ app, in order to enable the app to track and analyze
real-time crowd behavior, migration and trends. The patented
technology predicts population behavior, along with population
size, origin and destination, with an accuracy rate of 85-90%, and
tracks demographic segmentation of a population using a population
sample of 15%, together with anonymous cellular signals and
demographic big data.
The technology collects data from regular cellphone activity,
which it tracks and compares with extensive social/economic
databases. RedZone believes the technology will enable it to
accurately determine crowd size, social/economic status and where a
crowd is moving. RedZone plans to use this patented,
highly-sophisticated analytical technology to alert RedZone Map™
app users of potential threats to their personal safety and to
inform law enforcement and government officials of the location and
migration patterns of known criminal or terrorist individuals and
groups.
Trendit engineered the technology from the ground up to
accurately monitor populations in real time, identify anomaly
events, alert for potential hazards and predict population
overloads and emergency events. The technology enables risk
management for large events and allows for real-time mass
management of crowds and populations. RedZone plans to integrate
the technology with its real-time crime database and apply the
technology’s analytical power to understand and predict crime and
terror events on a mass scale.
“There are simply not enough resources for law enforcement and
government agencies to track the behavior of known threats in our
communities,” said Ted Farnsworth, founder of RedZone. “Our goal in
integrating Trendit’s technology with the RedZone Map™ app’s
artificial intelligence, facial recognition and real-time crime
database is to accurately identify threats before they strike. We
must begin to use technology to solve our crime and terror problems
and allow individuals to take control of their own personal
safety.”
RedZone plans to begin integrating Trendit’s patented technology
into the RedZone Map™ app and roll out related new features in the
coming months.
About RedZone Map™
RedZone (Zone Technologies, Inc.) is a state-of-the-art mapping
and spatial analysis company with operations in the U.S. and
Israel. It has created a community-based ecosystem that features a
socially empowered safety map app that enhances mobile GPS
navigation using advanced proprietary technology to guide users to
their destinations, giving them a choice of a safer route vs. a
riskier route. The app incorporates a social media component, which
allows for “it’s happening now” crime reporting coupled with
real-time crime data from more than 1,400 local, state, national
and global sources. The RedZone Map™ app is currently available to
iOS and Android users. More information is available on
the RedZone Map™ app’s website, RedZone Map. Zone
Technologies, Inc., a wholly-owned subsidiary of Helios and
Matheson Analytics, Inc. (NASDAQ: HMNY) is the creator of the
RedZone Map™ app.
About Helios and Matheson
Helios and Matheson Analytics Inc. (NASDAQ: HMNY) provides
information technology consulting, training services, software
products and an enhanced suite of services of predictive analytics.
Servicing Fortune 500 corporations and other large organizations,
HMNY focuses mainly on BFSI technology verticals. HMNY’s solutions
cover the entire spectrum of IT needs, including applications,
data, and infrastructure. HMNY is headquartered in New York, NY and
listed on the NASDAQ Capital Market under the symbol HMNY. For more
information, visit us www.hmny.com.
Cautionary Statement on Forward-looking Information
Certain statements in this communication contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 or under Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended (collectively, “forward-looking statements”) that
may not be based on historical fact, but instead relate to future
events, including without limitation statements containing the
words “believe”, “may”, “plan”, “will”, “estimate”, “continue”,
“anticipate”, “intend”, “expect” and similar expressions. All
statements other than statements of historical fact included in
this communication are forward-looking statements.
Such forward-looking statements are based on a number of
assumptions. Although HMNY’s management believes that the
assumptions made and expectations represented by such statements
are reasonable, there can be no assurance that a forward-looking
statement contained herein will prove to be accurate. Actual
results and developments may differ materially from those expressed
or implied by the forward-looking statements contained herein and
even if such actual results and developments are realized or
substantially realized, there can be no assurance that they will
have the expected consequences or effects. Risk factors and other
material information concerning HMNY are described in its Annual
Report on Form 10-K, as amended, for the fiscal year ended December
31, 2016, and any subsequent current and periodic reports,
information statements and registration statements filed with the
U.S. Securities and Exchange Commission. You are cautioned to
review such reports and other filings at www.sec.gov.
Given these risks, uncertainties and factors, you are cautioned
not to place undue reliance on such forward-looking statements and
information, which are qualified in their entirety by this
cautionary statement. All forward-looking statements and
information made herein are based on HMNY’s current expectations
and HMNY does not undertake an obligation to revise or update such
forward-looking statements and information to reflect subsequent
events or circumstances, except as required by law.
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The Pollack PR Marketing GroupStephanie Goldman/Mark Havenner,
212-601-9341sgoldman@ppmgcorp.com / mhavenner@ppmgcorp.com
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