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Helios and Matheson Analytics Announces RedZone has Acquired All the Assets of Trendit Including Three Technology Patents; Terms Not Disclosed

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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 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.

Posted-In: News M&A

 

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