All statements, other than statements of historical facts, included in this press release regarding strategy, future operations and plans, including assumptions underlying such statements, are forward-looking statements, and should not be relied upon as representing the Company's views as of any subsequent date. This press release contains forward-looking statements that involve substantial risks and uncertainties. For more information, please visit Forward-Looking Statements Edison Nation hopes to leverage its television property, Everyday Edisons, to become the recognized leader in the innovator community. Edison Nation’s model is to source innovative ideas to launch internally or license to brand partners. Edison offers innovation sourcing, product design, sales, manufacturing, and fulfillment services. (EDNT), is a multifaceted ecosystem which fosters innovation and drives IP, media and consumer products. “With today’s acquisition, we continue to fill consumers needs with simple, easy to use, cost effective solutions to today’s many fears….in this case, the ability to contact 911 anywhere, anytime.”Įdison Nation, Inc. What that has done is increase consumers awareness and preparedness for whatever the world brings next,” said Ferguson. “In 2020, we have learned to expect the unexpected. The MySafe brand offers both a pendant and auto product, with the pendant being waterproof. Leveraging the intellectual property of the 911 hero product, the MySafe brand has allowed for the expansion of additional distribution channels and features. TBD’s MySafe brand, featured on live shopping, is also included in this transaction. TBD’s newest generation of device, the 911 Help Now ® Plus, combines the primary two-way voice communication function with additional flashlight/strobe light combo and an internal decibel alarm. TBD Safety’s current additional offerings include a 6-in-1 Auto Rescue Tool that includes features such as two-way voice communication, an emergency power bank, LED strobe and more. Building off their current product offering, we will leverage our experience in manufacturing and licensing to increase revenue while maintaining low costs,” said Christopher Ferguson, CEO. “TBD has laid the groundwork for the expansion of their IP into other form factors and devices. TBD currently has one license in place with a leading cellular development company for a revolutionary emergency phone focused on simple and quick connection to emergency services. Edison Nation looks to leverage its expertise in licensing to expand on both product offerings and license opportunities. The device features an internal speakerphone that allows the consumer to speak to emergency service providers at the press of a button.Īdditionally, the 911 Help Now ® technology provides this consumer service for a low one-time fee and no monthly ongoing costs. TBD’s hero product, the 911 Help Now ® Emergency Communication Pendant, is a direct to 911 2-way voice communication device. TBD brings with it an in-depth patent portfolio in the emergency cellular technology space along with several successful consumer-based products. Under the terms of the Agreement, the Company acquired 100 percent of TBD Safety, LLC (“TBD”), a Delaware limited liability company, through the exchange of common and preferred stock. 01, 2020 (GLOBE NEWSWIRE) - Edison Nation, Inc., a multifaceted ecosystem that fosters innovation and drives IP, media and consumer products, is pleased to inform shareholders that it has acquired TBD Safety, LLC, the owner of the 911 Help Now ® Brand of products and associated intellectual property (“IP”).
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