P2P Group Ltd. is proud to announce its achievement of first revenue through multiple annual subscriptions to its innovative aged care monitoring solution. This milestone highlights the company’s commercial progress and the growing demand for its cutting-edge technology in the aged care sector.
First Order and Market Demand:
The initial order was placed by a leading Australian aged care technology provider, further solidifying the credibility and increasing necessity of P2P’s solution in the sector. The company sees significant potential with over 42,000 subscriptions within this customer alone, with a targeted rollout price range of $15 to $50 per subscription.
Cost-Effective, Scalable Solution:
P2P’s approach is a software-driven solution that removes the dependency on hardware, unlike traditional systems that require more than 10 specialized IoT devices per home. This means that a customer with 10,000 homes could eliminate the need for around 110,000 specialist IoT sensors, radars, and trackers, offering aged care providers a more cost-effective, scalable, and seamless alternative.
CEO’s Statement:
Ed Clarke, CEO of P2P Group, expressed:
“This first revenue milestone from a leading provider is a testament to the game-changing potential of our technology. By removing the need for expensive IoT installations, we are lowering costs for aged care providers and significantly enlarging the addressable market with the benefits of improving patient safety and operational efficiency.”
Innovative Technology and Future Growth:
P2P Group’s AI-powered spatial intelligence technology utilizes standard Wi-Fi signals to track movement, detect falls, and monitor the well-being of patients, without the need for intrusive cameras or wearable devices. This breakthrough technology has already garnered attention in multiple sectors, including healthcare, security, and industrial applications.
Revenue and Expansion Focus:
With high-margin, recurring revenue now secured, P2P Group is focused on scaling its aged care deployments and expanding into other high-growth verticals.
