InteliCare Holdings Ltd is an Australian technology company focused on the development and commercialisation of the InteliCare system, a hardware and software as a service package for use in the aged care sector.
The industry leading machine learning system uses IoT data to detect changes in activity and behaviour patterns to provide peace of mind for family and carers through 24/7 access via a smart device application or online portal.
InteliCare believes Australians deserve to age with dignity and through its business-to-business (B2B) and business-to-consumer (B2C) solutions.
Built on its proprietary Internet of Things (IOT) platform, utilising smart sensors and artificial intelligence (AI), InteliCare aims to enable people to stay in their own homes for longer while empowering healthcare providers to deliver higher quality, more efficient services.
InteliCare’s proprietary technology connects with various sensors within the home or aged care facility to provide ongoing monitoring to assist in the care of its users.
The InteliCare SaaS platform has been developed to be flexible and scalable through its open architecture which enables the technology to integrate with a wider variety of sensors, devices or complimentary services, when compared to closed-architecture systems based around a single-source manufacturer.
The Company has established a board and management team possessing skills and experience in the commercialisation and scaling of innovative technology companies, including through a number of ASX listed companies.
Jason Waller is the CEO and Managing Director of the Company. Mr Waller was the CEO of Spookfish (ASX: SFI) that was acquired in December 2018 by EagleView for $136 million.
Greg Leach is the Non Exec Chair, and is a founder of InteliCare. Mr Leach was previously chief technology officer of Empired Ltd (ASX: EPD).
InteliCare is currently generating revenue. The company has three primary revenue streams:
- Upfront revenue - sale of hardware;
- Recurring monthly subscription/monitoring fees, and;
- Service and integration revenue for wholesale clients.
InteliCare Holdings Limited (ACN 622 484 397) is issuing an Initial Public Offer of 27,500,000 fully paid ordinary shares in the Company at an offer price of $0.20 per share to raise $5,500,000.
The New Shares to be issued pursuant to the Public Offer are of the same class and will rank equally with the existing Shares on issue.
The offer of the securities are made in, or accompanied by, a copy of the Disclosure Document which can be obtained by clicking on the "ACCESS DISCLOSURE DOCUMENT" button on this page.
Anyone who wants to acquire the securities will need to complete the application form that will be in or will accompany the Disclosure Document.
Before making an investment decision, potential investors should read the Disclosure Documents entirely, and seek professional financial advice.
Investors should be aware that there are risks associated with an investment in this Company.
No assurance can be given that the Company will achieve commercial viability through development of its Platform.
A complete set of risks associated with an investment in the Company is included in Section 4 of the Disclosure Document.
Key Offer Details
|Shares offered under the Public Offer (at an Offer Price of $0.20 per Share)||27,500,000|
|Lead Manager Offer||1,801,190||3,000,000|
|Total Securities on issue on completion of the Offers||72,899,706||13,262,500||2,300,000|
|Closing Date for the Offers||14 May 2020|
|Issue Date||21 May 2020|
|Despatch of holding statements||25 May 2020|
|Expected date for quotation on ASX||29 May 2020|
The Intellicare System
The InteliCare System is comprised of three sub-systems:
- InteliCare Hub;
- Smart sensors;
- InteliCare App
Motion, power, vibration and door sensors are installed in the home.
Beyond the base configuration, users can also choose from additional sensors that further enhance the system, such as shower sensors, GPS pendants, smart watches and bed sensors.
These provide InteliCare with information on activity within a household, including environmental conditions such as temperature, humidity and light levels.
The sensors allow InteliCare to model what routine domestic activity is like within the home, such as the normal time a resident wakes up, meal preparation activity and sleep patterns.
The InteliCare Hub is a proprietary hardware component equipped with a micro-computer, a touch enabled display screen, a microphone and a speaker (InteliCare Hub).
It provides Internet connectivity and control functionality for the in-home sensors.
InteliCare App users can be authorised to access ‘Intercom mode’ so they can talk to the resident and vice versa.
The “InteliCare App” is the primary interface for family members or carers.
- If the household is following the normal routine, the InteliCare App provides assurance by sending an ‘all OK’ message. This means carers don’t need to continually check in on the InteliCare App to achieve peace of mind.
- If InteliCare senses something is abnormal, such as lower than normal activity, it will send a pop-up notification to a smart device, such as a mobile phone, for the user to check in with the resident.
- If InteliCare detects a serious issue, such as failure to get out of bed or a duress pendant activation, it will send a push message as well as a SMS alert.
- Access to the intercom feature enables audio into the home via the built in InteliCare Hub speaker and microphone.
- The InteliCare App provides an overall view of the status of the resident, such as overall activity levels and trends, whether the resident is at home or away from home, the household climate, sleep quality, domestic routine, social behaviour and meal preparation.
InteliCare has also developed a larger-scale SaaS offering for care providers (such as aged care facilities, home care providers or hospitals) (InteliCare Pro). InteliCare Pro integrates the InteliCare Hub and smart sensors with a dashboard system enabling many residents to be monitored at the same time.