Aged care remote monitoring technology company, InteliCare (ASX:ICR), made a spectacular debut on the ASX this week with the shares reaching a peak at 58c, from an IPO cost of 20c.

After finding unexpectedly favourable conditions during the coronavirus pandemic, InteliCare is the only company to successfully list during the COVID-19 restrictions. InteliCare’s product offering was able to be utilised by Australian seniors and people with disability during COVID-19 social distancing, to allow families and carers to maintain a level of care remotely.

InteliCare’s in-home monitoring product, InteliLiving, can be purchased and installed off the shelf and begins learning patterns of the person’s behaviour immediately. The aged care and hospital product, InteliCare Pro, allows for monitoring of multiple residents via a central dashboard monitored by aged care staff.

The InteliCare Pro system is already installed at several facilities throughout Australia, and InteliCare’s partnership with the WA State Government’s Department of Communities has seen a new type telehealth technology used at the Bennett Brook Disability Justice Centre. The successful trial of the technology led to a $50,000 order the same week as InteliCare’s ASX listing.

“It’s very encouraging to see InteliCare receiving continued support from Government agencies, particularly in the disability sector. It reflects faith in our technology and the company’s ability to execute. We are also very excited about the future potential of this type of radar technology and many other emerging sensors in a rapidly evolving market.”

Jason Waller, InteliCare CEO and Managing Director


Read the full article in The West Australian