Business
Clearday’s “Companion Robotics” Chosen as a “Revolutionary Elder Care Solution” By TRECS Institute
Clearday’s “Companion Robotics” Chosen as a “Revolutionary Elder Care Solution” By TRECS Institute.
About this update from Clearday, Inc.
[{"type":"text","content":"\n San Antonio, TX, Dec. 21, 2022 (GLOBE NEWSWIRE) -- Clearday, Inc. (OTCQX: CLRD) (the “Company” or “we”) is pleased to announce that the Company’s “Companion Robotics” for elder care, was selected as a “Revolutionary Elder Care Solution” by TRECS Institute, which will be the basis of a Joint Venture between two companies to accelerate Clearday’s robotic sales initiatives in the skilled care and nursing home industry, with additional vertical solutions to be explored. These facilities focus on post-acute and long-term care, including dementia care and rehab services, represent a significant market that Clearday believes, with the Joint Venture, is a breakout opportunity for the Clearday Companion Robot. The TRECS Institute is a non-profit organization dedicated to finding new and effective opportunities to better serve America’s growing senior population while reducing costs for the health care system. James Walesa, CEO and Founder of Clearday, said, “The opportunity to work with TRECS’ experienced innovators to accelerate our “Companion Robotics” will be a game changer for the Company. We beat out multiple competitors for this tremendous opportunity, and I expect the Company to develop a strong market position to significantly increase revenue. The skilled and nursing care sector has over 15,000 facilities across the United States and our Joint Venture with TRECS should monetize this opportunity for Clearday.” Clearday and TRECS will identify and pursue various grant opportunities in all 50 States that may fund the acquisition of Clearday Companion Robot by skilled nursing facilities to help better serve their residents and support their staff. TRECS expects to develop a program to track Clearday Companion Robot such as enhancing resident engagement, reducing isolation and supporting the staff of each participating facility to better serve the residents entrusted to their care. The shortage of caregivers in skilled and nursing care is well documented. The National Alliance for Caregivers reported that COVID-19 accelerated the loss of caregivers since 2020 to over 1 million workers and that, in the U.S., approximately 40,000 nurses have left the industry since February 2020, leaving a crisis-level shortage. Clearday and TRECS expect ...