The first shoes with a built-in GPS device — to help track down dementia-suffering seniors who wander off and get lost — are set to hit the US market this month, the manufacturer says.
GTX Corp said the first batch of 3,000 pairs of shoes had been shipped to the footwear firm Aetrex Worldwide, two years after plans were announced to develop the product.
The shoes will retail at about US$300 a pair and buyers will be able to set up a monitoring service to locate “wandering” seniors suffering from Alzheimer’s disease.
Andrew Carle, a professor at George Mason University’s College of Health and Human Services who was an adviser on the project, said the shoes were likely to save lives and avoid embarrassing and costly incidents involving the elderly.
“It’s especially important for people in the earliest stages of Alzheimer’s who are at the highest risk,” Carle said. “They might be living in their home, but they’re confused. They go for a walk and they can get lost for days.”
Carle said studies indicate more than 5 million people in the US suffer from Alzheimer’s, a number expected to quadruple in the coming years. He said 60 percent of sufferers will wander and become lost and up to half of those lost who are not found within 24 hours could die, from dehydration, exposure or injury.
Other devices such as bracelets or pendants can provide similar protection, but seniors often reject these.
“The primary reason is that paranoia is a manifestation of the disease,” Carle said.
The GPS system, which is implanted in the heel of a shoe, allows family members or caregivers to monitor the wearer and to set up a “geofence” that would trigger an alert if the wearer strayed beyond a certain area.
The shoes are being developed by GTX Corp, which makes miniaturized Global Positioning Satellite tracking and location-transmitting technology, and Aetrex. They received certification from the US Federal Communications Commission this year.
“This is a significant milestone for both companies and while the US$604 billion worldwide cost of dementia has become and will continue to be a significant fiscal challenge, the under US$300 GPS-enabled shoes will ease the enormous physical and emotional burden borne by Alzheimer’s victims, caregivers and their geographically distant family members,” GTX Corp chief executive Patrick Bertagna said.
Carle said the original idea was to develop the shoes for children and long-distance runners, but he persuaded the makers to change their plans, noting that the devices could also help ease a lot of anxiety about seniors who want to remain active.
SEMICONDUCTORS: The German laser and plasma generator company will expand its local services as its specialized offerings support Taiwan’s semiconductor industries Trumpf SE + Co KG, a global leader in supplying laser technology and plasma generators used in chip production, is expanding its investments in Taiwan in an effort to deeply integrate into the global semiconductor supply chain in the pursuit of growth. The company, headquartered in Ditzingen, Germany, has invested significantly in a newly inaugurated regional technical center for plasma generators in Taoyuan, its latest expansion in Taiwan after being engaged in various industries for more than 25 years. The center, the first of its kind Trumpf built outside Germany, aims to serve customers from Taiwan, Japan, Southeast Asia and South Korea,
Gasoline and diesel prices at domestic fuel stations are to fall NT$0.2 per liter this week, down for a second consecutive week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) announced yesterday. Effective today, gasoline prices at CPC and Formosa stations are to drop to NT$26.4, NT$27.9 and NT$29.9 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said in separate statements. The price of premium diesel is to fall to NT$24.8 per liter at CPC stations and NT$24.6 at Formosa pumps, they said. The price adjustments came even as international crude oil prices rose last week, as traders
SIZE MATTERS: TSMC started phasing out 8-inch wafer production last year, while Samsung is more aggressively retiring 8-inch capacity, TrendForce said Chipmakers are expected to raise prices of 8-inch wafers by up to 20 percent this year on concern over supply constraints as major contract chipmakers Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and Samsung Electronics Co gradually retire less advanced wafer capacity, TrendForce Corp (集邦科技) said yesterday. It is the first significant across-the-board price hike since a global semiconductor correction in 2023, the Taipei-based market researcher said in a report. Global 8-inch wafer capacity slid 0.3 percent year-on-year last year, although 8-inch wafer prices still hovered at relatively stable levels throughout the year, TrendForce said. The downward trend is expected to continue this year,
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which supplies advanced chips to Nvidia Corp and Apple Inc, yesterday reported NT$1.046 trillion (US$33.1 billion) in revenue for last quarter, driven by constantly strong demand for artificial intelligence (AI) chips, falling in the upper end of its forecast. Based on TSMC’s financial guidance, revenue would expand about 22 percent sequentially to the range from US$32.2 billion to US$33.4 billion during the final quarter of 2024, it told investors in October last year. Last year in total, revenue jumped 31.61 percent to NT$3.81 trillion, compared with NT$2.89 trillion generated in the year before, according to