The patent is for the system with the microphone on the pendant. That will not become useless until the patent expires. What happens between the receiver and the phone line is not patented anymore. If it was there would only be one brand of medical alarm system.
The only recent upgrades in the industry have been the use of cellular service instead of a land line which is not exclusive to anyone--just have to work with a carrier or carriers. Cellular carriers are all whores and will take money from anyone willing to pay them while trying to pick the customer's pocket when they are not looking.
The other recent tech is that at least one company now has a pendant that is supposed to be able to tell if the customer fell. there are so many things that can go wrong leading to tons of false alarms if something other than a fall occurs and the customer cannot be heard at the base unit. This company is using this tech only because they cannot use the better tech of having the microphone on the pendant itself.
My whole point was that the patent holder is doing great getting paid 6% on his money. He has already been paid more that 30% of the $2.5 mil without reducing the original amount owed. It would make no sense for the patent holder to leave MDHI as they would be starting from scratch any pace else.
In today's world, perpetual 6% earnings on several million dollars without lifting a finger is a nice life. The patent holder isn't going anywhere after Jan 1st. If anything, I'd be willing to bet the patent holder hopes they don't ever pay off the original balance.
The way these extensions keep happening like clockwork about a week before the old agreement expires, the patent holder hasn't even asked for a bump in the interest. Probably because there is absolutely nowhere to go to replace a guaranteed 6% return year after year after year.
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