Welcome to our dedicated page for Helo news (Ticker: HLOC), a resource for investors and traders seeking the latest updates and insights on Helo stock.
Helo Corp (HLOC) regularly issues news updates as a data-driven wellness technology company focused on AI-enabled wearables, biodata platforms and personalized nutrition devices. Its announcements describe ongoing development of the Helo AI™ platform, Life Sensing Technology® wearables and products such as BioStrip™, the BioSense health band™ and the NutraMatic™ personalized nutrition device.
Recent news has highlighted the planned market launch of the BioSense Watch, a thin wearable that Helo describes as its first device with an embedded personal air sensor designed to detect total volatile organic compounds (TVOC), estimate CO2 and monitor indoor and outdoor air quality near the wearer. The company has also reported on NutraMatic, a countertop device intended to provide AI-optimized, personalized combinations of nutrition supplements based on a user’s current biodata status.
Helo’s press releases also cover corporate developments and events, such as executive appointments, participation in investor conferences and presentations at gatherings like the Emerging Growth Conference and the Moneyshow®. In these forums, management has discussed the company’s refocused strategic direction, progress on Helo AI, NutraMatic production status and investigational studies designed to train its AI knowledge domain.
Investors and observers using the HLOC news page can review these updates to follow Helo’s product pipeline, technology initiatives, restructuring efforts and partnerships, including its blockchain-related agreement for de-identified data storage and potential user data monetization. The news feed provides a centralized view of Helo’s disclosed milestones and communications with the market.
Helo Corp (OTC: HLOC) announced the upcoming launch of its BioSense Watch, scheduled for shipping in Q2 2025. The new 6.5mm-thick wearable device features an innovative embedded personal air sensor, making it the first watch worldwide to incorporate air quality monitoring technology that detects total volatile organic compounds (TVOC) and estimates CO2 levels in the wearer's vicinity.
The device includes multiple health monitoring sensors for sleep, blood oxygenation, temperature, body composition, and heart rate variability. It also features payment capabilities and an encrypted proof-of-sensing chip for rewarding users who share deidentified data. The BioSense Watch will be marketed under the Vyvo™ brand using a SocialFi sales referral model.
A key feature is the pre-enabled AI Operating System, dubbed 'Life CoPilot,' which learns about and assists the wearer through ongoing conversations and personalized wellness advice.
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Helo Corp (OTC PINK:HLOC) reported significant declines in its 2022 annual results. The company’s revenue fell to $31.2M, down 52% from $64.7M in 2021. Despite a slight improvement in gross margin to 32%, the company incurred an operating loss of $4.3M, compared to a profit of $11.7M the previous year, leading to a notable net loss of $3.8M. Key factors cited for the downturn included the impact of COVID-19 on international travel and sales engagement. Helo has initiated strategic restructuring to optimize spending and expand its product portfolio. The company ended the year with $8.8M in cash and no debt, positioning itself for potential growth in 2023.
Helo Corp (OTC PINK:HLOC) has announced a strategic agreement with Vyvo Smart Chain Ltd. and VSC Tech Pte. Ltd. to enhance its wearable technology offering. The collaboration aims to enable users to control and monetize their health data through a blockchain-based platform. Under the agreement, Helo will license software and pay a fee, with a total of US$5 million set for the deal. This initiative represents a significant move in Helo's strategic restructuring and aims to provide a unique selling proposition in the competitive wearable industry.
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