Mr. Malone is excited about the potential of the Internet of Things, an internet-connected “things” consisting of household products such as cars, smoke detectors, garage doors and what-have-you. Here’s how he sees it working in his company’s product.
For its first product, Lucid, Mr. Malone hopes to change your life. It’s a $2,500 liquid-crystal display for smartwatches that he hopes to launch by the end of this year. The watch displays health data such as heart rate and activity level, which is transmitted to the watch’s companion app. A few sensors in the watch feed readings to a microchip that powers it and relays messages to the cloud. “We want to be where you are with your watch,” Mr. Malone says. “We don’t want to sit in a single place. We want to be part of your everyday life and never be out of the loop.”
In early 2015, Mr. Malone created an idea for a wearable device to measure weight, cholesterol, body mass index and blood pressure using sensors implanted in the wrist. This wearable required no battery, operation or battery replacement, so it was limited to a single day of use.
He published a white paper outlining his prototype, then went to the friendlier environs of the video-game world. He made an initial presentation to other developers, and he and his team ultimately settled on an implantable controller that would be simple enough for people to use. Then he set about raising $24,000 on Kickstarter and another $9.5 million from investors. The device, called the Liber1d, is on sale now for $350.
There are plenty of other products in the smart-watches market, but Mr. Malone argues that his, rather than most, is the smartest and most convenient. “I give this new generation of watch something to deal with at their fingertips 24/7,” he says.