A vending machine company that microchips willing employees so they can ditch their microchipped company ID cards is working on a GPS-enabled chip to track Alzheimer’s patients and others with serious medical conditions.
Three Square Market (River Falls, Wis.) will be seeking 510(k) approval of its GPS tracking chip from the FDA in early 2019, according to company president Patrick McMullan. Three Square Market has outsourced development of the new chip to a microchip company that he declined to name. It also started a new company for its chip business, Three Square Chip.
“The good news is that the folks who are partnering with us to develop this, they have 47 patents for sensors that will read the critical vital statistics,” McMullan said. “We’re dealing with someone who has the intellectual property. That expertise we don’t have.”
Get the full story on our sister site, Medical Design & Outsourcing.
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