The amount of the deal was not disclosed.
The company intends to use the funds to further develop the product from the current prototype into a pre-series status that than will prove its market relevance in friendly user trials. Partners for trials are health care service providers along with telecommunication network operators.
Founded by serial entrepreneurs Dr. Frank Schäfer and Dr. Matthias Stege as well as Prof. Gerhard Fettweis and and Prof. Frank Oehmichen, exelonix develops and sells internet-based assistance systems for elderly people which offer home emergency call functionality along with internet & communication applications including a user-friendly (ASINA).
The market launch is planned in mid 2014 including features such as:
– home emergency call,
– video call with relatives,
– special offerings of the health care service providers and Web-access ect.
In future, vital monitoring and tele-medicine applications will added to the system.