MIAMI & NEW YORK--(BUSINESS WIRE)--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.
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.
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