MetAlert Inc (MLRT)

[sweet crude]

NEWS: MLRT begins shipping into Europe

Metalert OEM Manufacturer Begins Shipping into Germany and the U.K. and Increases Production

LOS ANGELES, CALIFORNIA, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Metalert, Inc. (OTC: MLRT) (“the Company”), a pioneer in location sensitive health monitoring devices and wearable technology products announced today Global Safe Tracks, its OEM manufacturer, has received its first production run and started shipping units into Germany and the U.K. Based on the initial positive feedback and forecast, an additional 1,000 devices are going into production. Global Safe Tracks is under license to manufacture a modified version of the GPS SmartSole that includes 2G technology as a fall back to 4G technology for countries where 4G coverage has not been fully implemented. The European version is sold under the brand name “SafeSole” and the made in U.S.A. Cat M1 Bluetooth / Wi-Fi version is sold under the brand name “GPS SmartSole plus.”

“We are very pleased with the initial manufacturing results, and the ability for more product to quickly go into production in order to meet our global demand,” stated Andrew Duncan MetAlert director.

“Since announcing our manufacturing partnership last week, we have seen immediate benefits across the supply chain. By having an extra factory and point of distribution in Germany we were able to fill orders for the U.K. within days, saving time and freight costs, back orders from Germany were quickly filled, saving time and costs, which then prompted an additional 1,000 units to go into production, as customer were seeing the improvements in our ability to ship orders. During the same time frame, we received a shipment from our U.S. factory and orders were immediately shipped out to our U.S. customers,” stated Patrick Bertagna MetAlert CEO.

Under the 3-year OEM license agreement, Global Safe Tracks will be manufacturing the SafeSole in Germany, enabling a faster on demand delivery throughout Europe, while significantly reducing tariff and shipping costs across Europe, in addition to opening up new markets where 4G is currently unavailable.

https://finance.yahoo.com/news/metalert-oem-manufacturer-begins-shipping-121200132.html