Milestone has developed MilestoneConnect, a system for consumers, retailers and manufacturers that uses wearable tech to enhance customer loyalty and drive repeat purchases. The system launches in January 2014 to a group of retailers and consumers that have prepaid for the system. Our business model includes revenue from hardware sales and multiple recurring revenue sources from retailers from and manufacturers. Milestone is located in Israel and Maryland.
The MilestoneConnect system includes:
-- MilestonePod - A low cost ($19.95), high value foot worn device that passively tracks mileage, cadence and other foot measures
-- MilestonePod App - for iOS and Android, used to view detailed run, walk and biometric information
-- MilestoneConnect - for retailers to input parameters for offers and coaching tips that are then delivered to the mobile app
-- MilestoneInsights - a data warehouse tool used to analyze anonymized and aggregated shoe usage and running/walking information.