The existing name of Lifelogger Technologies Corp (OTCMKTS:LOGG) was approved by the management on January 31,2014. The company changed the name so as to support its new operations. It entered into the new industry of the formulation and marketing of its lifelogging solutions. These are the unique offerings that enable the appreciation, retrieving, sorting, recording, online storage and selective exchange of videos, personal information, pictures, data etc. with friends, relatives and the public at large. Before lifelogging market, the company was functional into web-based marketing segment.
The core activities
Lifelogger informed that its new lifelogging core business focuses on the planned development and marketing of an innovative device and that is a wearable video camera. It has been named a “Lifelogger wearable.” The most distinguishing part of the device is that it seamlessly gets integrated into lifelogging-based software better known as the “Lifelogger Platform”.
The objective
Lifelogger Technologies Corp (OTCMKTS:LOGG) intends to capture a larger market share in the industry of wearable. The plans are to market it separately and use the system in various applications. It can be even implemented in the third parties application. As of now, the company said that it will introduce a beta form of new lifelogging Platform for assessment in the second quarter of fiscal 2015. Lifelogging can be explained as an advanced way of ‘self-chronicling’ or recording one’s life. It is a result of constant use and growth of wearable electronic tools.
The technology
The highly developed lifelogging systems integrate and mechanize the technology-based approval, recovery, footage, collecting, organization and selective exchange of a number of autobiographical data and other documents. In it, the user wears an auto-chronicling wearable device capable of recording everything from pictures, audio and videos to vital signs and health data. In last trading session, the stock price of Lifelogger jumped 4.26% to close the trading session at $0.490 with share volume of 539,234.
