EchoCare, Care, Boston, MA (USA)

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Transcript of EchoCare, Care, Boston, MA (USA)

EchoCare Technologies Proprietary Information

ECHONon-Wearable PERS

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Aging2.0 GSS

June, 2016

ECH CARETechnologies

EchoCare Technologies Proprietary Information

Leadership

• Rafi Zack, Co-founder & CEO

• >25 years of extensive experience in

technology (RF, DSP, Wireless & SoC),

management and BizDev

• Sr. Dir. of Emerging Technologies of Alvarion

• Founder and CEO of Sixtycom

• VP products of Wisair

• Sys. Manager of DSPC (acq. by Intel for $1.6B)

• B.Sc in EE , BGU, M.Sc in EE, TAU Israel

Founders

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• Dr. Yossi Kofman, Co-founder &

executive director

• Experienced entrepreneur (>25years)

• Co-founder and CEO of Groundwork BioAg,

bSolar , (PV bifacial cell producer)

• Co-founder of Siklu communications (60-80

GHz, 1 Gbps systems)

• Co-founder and co-CEO of Modem-Art

(acquired for $145M)

• D,Sc, in EE, Technion, Israel

EchoCare Technologies Proprietary Information

Elderly Falls – The Acute ProblemThe major concern of elderly caregivers

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In 2013, direct medical costs for falls in U.S. —what patients and insurance companies pay—totaled $34 billion (CDC)

EchoCare Technologies Proprietary Information

Existing Fall Detectors Limitations

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Existing products are wearable, accelerometer based

End Result - Limited penetration, 2-4% (Parks Assoc. 2013)

Operational limitations

Senior perception and image issues

Usually removed during bath and sleeping time (non 24/7)

Seniors neglect re-wearing when getting out of bed or bath

Limited acceptance and use

High rate of false alarms and miss-detects (not accepted by both seniors and operators)

Gets partial information (mainly body motions)

Requires periodical charging

EchoCare Technologies Proprietary Information

Changing Shape of Japan’s Population Pyramid

Age 1950 2050 (Projection)

Source: Statistics Bureau MIC: Ministry of Health, Labour and Welfare

2006

35.4%

59.6%

4.9%

13.6%

65.5%

20.8%

8.6%

51.8%

39.6%

The World is Heading Towards Elderly Crisis

• Elderly population:

• US - 45M in 2015, 85M in 2050

• China - 200M in 2015, 400M in 2040

• Japan – 30M (25% of population)

• Dramatic reduction in caregivers per family member

• Necessitates paradigm shift toward automated and remote monitoring

65+ population will be doubled in 30 years

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65 years old and over

15-64 years old

0-14 years old 0

20

40

60

80

EchoCare Technologies Proprietary Information

Multi Billion Immediate Addressable Market

• Population in developed countries – 140M

• Potential SAM of $10B -$20B,

• Current penetration rate of fall detectors is insignificant

Age 65+, Developed Countries

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SAM penetration model

Parks Associates 2013, extrapolated Model

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500

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3500

2017 2018 2019 2020 2021 2022

M U

SD

Year

Australia

UK

Sweden

Norway

Italy

Germany

France

Finland

Denmark

Japan

Israel

Canada

USA

EchoCare Technologies Proprietary Information

The EchoCare Breakthrough SolutionNon-Wearable PERS (Personal Emergency Response System)

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RADAR based solution that automatically alerts an emergency & abnormal situations at home

Disruptive fall detector with very low false alarm (<1/Month)

Monitoring 4 essential body indications – Location, Posture, Motion, Respiration

Single device for a standard apartment

Through the wall coverage

EchoCare Technologies Proprietary Information

ECHO Form-Factor PrototypeCeiling deployment

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EchoCare Technologies Proprietary Information

ECHO – How it works (Acute Fall)

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Multiple Feature Extraction

Posture Motion RespirationLocation

Living Room

Lying Fall

HyperVentilation

EchoCare Technologies Proprietary Information

Various Falls

• Collapse fall• Sliding in bath• Sliding from a chair• Repeated non-acute falls

Stress Cases• Long stay at restroom• Hyperventilation breathing• Abnormal motions

Sleep Monitoring

• Sleep Apnea• Exceeding restroom

access• Exceeding sleeping cycles

ECHO Supported Emergency cases

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EchoCare Technologies Proprietary Information

Additional Emergency Cases

Breathing stress during sleep

• Location – bed

• Posture – laying

• Motion – low motion

• Respiration – change from normal to hyperventilation

• Conclusion – Breathing stress

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Long stay at restroom

• Location – restroom, 2 hour

• Posture – sitting

• Motion – low motion

• Respiration – normal

• Conclusion – 2-hour stay in restroom

EchoCare Technologies Proprietary Information

Long Term Abnormal Cases

Repeated falls detection

• Identify & alert on several non-acute falls

• Take preventive actions to reduce acute-fall risk

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Kitchen usage routine change

• CSA identifies a lower number of daily kitchen usage

EchoCare Technologies Proprietary Information

EchoCare Factsheet

• Founded – January 2015

• Seed investment

• Investor – Incubit Ventures

• IPR – several pending US patents

• Form-factor prototype

• Experienced team: business, founding start-ups, development

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Location – Advanced Technology Park, Beer-Sheva ISRAEL

EchoCare Technologies Proprietary Information

Thank You

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Always-on, non-intrusive solution that provides seniors and their families, safety, comfort, and

peace of mind