LogicMark, Inc.

Hey, and welcome to the Logic Mark third quarter 2023 financial results and corporate update conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Pierre Dubois, Investor Relations. Please go ahead.

Thank you, Abigail. And good afternoon, everyone. We appreciate you participating in today's conference call. Joining me from LogicMark are Shailen Simmons, Chief Executive Officer, and Mark Archer, Chief Financial Officer. During this call, management will be making forward-looking statements. including statements that address LogicMark's expectations for future performance or operational results and anticipated product launches. Forward-looking statements involve risks and other factors that may cause actual results to differ materially from those statements. For more information about these risks, please refer to the risk factors described in LogicMark's most recently filed annual report on Form 10-K, and subsequent reports filed with the SEC as well as LogicMark's press release that accompanies this call, particularly the cautionary statements in it. The content of this call contains time-sensitive information that is accurate only as of today, November 9th, 2023. Except as required by law, LogicMark disclaims any obligation to publicly update or revise any information to reflect events or circumstances that occur after this call. With that said, I'll hand over the call to Shailen.

Thank you, Pierre, and good afternoon, everyone. I'm excited to speak with you today on the heels of our first new product launch since our team came together, and the first for the company in many years. When our team began this journey, the opportunity to build a company that continues to meet the needs of our valued veterans and aging population was front and center. But also, the potential to develop an expanded suite of products to improve safety for an even broader population was very compelling, and it still is. Our vision is to expand beyond just hardware to a broader ecosystem that better prepares us to capture opportunities in the growing care economy. We're doing just that with our new Care Village ecosystem, a proprietary software stack that includes an iOS and Android app, on-device proprietary middleware, a proprietary AI-enabled cloud infrastructure, as well as subscription services, all of which will allow us to add additional revenue streams and obtain margin uplift. Our research and development teams worked extremely hard to release the new Freedom Alert Plus, the first product to be offered under our new Care Platform as a Service, or CPAS, platform. Freedom Alert Plus is an advanced device offering features such as our new patented fall detection algorithms and GPS location. It also provides two-way communications with a caregiver and 24-7 monitor emergency services with a partner, U.S. Monitoring, a prestigious five-diamond monitor center. Our new CareVillage app can be downloaded for free at the Apple App Store or Google Play Store, which connects to Freedom Alert Plus, allowing caregivers to always connect to their loved one's PERS device, providing around-the-care access to monitor fall status, device battery, and more. And of course, we have accessories to accompany the device, including both a lanyard to wear around the neck and a clip so they can be attached to a belt, purse, or backpack. Freedom Alert Plus is one of several in an expanding line of solutions that we are developing to meet the specific needs of our customers. LogicMark has three other products to choose from currently, whether or not that be Wi-Fi, 4G, or landline connected devices at various price points. The Freedom Alert and LogicMark Guardian Alert 911 are at-home solutions. And for those on the go, we have our Guardian Alert 911+. Our devices have recently been recognized by Forbes as among top-rated medical alert systems with no monthly fee. We believe that those with limited means should have access to a PERS device that fits within their budget, so we continue to offer these products with no monthly subscription fees. Further, for those who need help with the purchase of their device, we have a new partnership with Afterpay, which offers a no-interest payment plan. So what's next? Our ability to use artificial intelligence, sensors, and machine learning is revolutionizing the direction of our product roadmap. Along the way, our team is finding new innovative solutions using this technology and at the same time expanding our IP portfolio. At the moment, we are preparing to launch a new device our second PERS device launched this year. We are delighted to report that the initial feedback during testing has been very positive, particularly regarding its weight, compact design, GPS location service, and fall detection feature. This new product is a smaller form factor, which some customers prefer, not dissimilar to phones which come in various sizes to meet consumer preferences. Our efforts not only focus on new devices, but we continue to look for ways to improve operating efficiencies and find sustainable solutions. For example, we're working towards environmentally friendly packing solutions, including biodegradable boxes and bags, and reducing packaging waste. And as we've mentioned, transitioning from shipping versus air freight after COVID-19 is also helping us reduce shipping costs and sustain our margins. LogicMark's plan expansion includes entry into other areas, such as health monitoring, and offering expanded features to complement what we're doing with our PERS devices. not only solutions that are reactive, but those that are predictive or preventative, such as medicine reminders. Given our plan to enter several new verticals and the progress we are making, we are excited to have recently welcomed two new board members, Corinne Schneider and Tom Wilkinson. expanding the total number of directors to six. We look forward to the board's collective expertise in many areas, including corporate governance, finance, operations, hardware, and software solutions. I'm very excited about our talented team and growing product lineup as we advance to the next stage of the company's development. At this time, I'll hand over the call to Mark to provide a brief review of the financials.