Lifelogger Technologies Corp (OTCMKTS:LOGG) is one of the highly traded OTC companies in past few months. Its stock price first gained in last October and touched $0.70 a share and then plunged below $0.4 in January 2015. On Friday’s trading session, LOGG stock prices jumped 1.94% to close at $0.550.
Lifelogger Technologies can be termed as a rising wearable video and software firm. As the company states, it is creating an innovative product which can click, access and save life’s memories made possible through true POV ‘wearable’ video camera. Lifelogger states that is in the completion process of the hardware design. It is working with a prominent firm that operates in the market of consumer electronics cameras.
The change in technology
The production of its lead product is expected to begin in 1Q2015. There is a need to transform the existing cloud based platform into a new advanced platform that will showcase all the features including social sharing, 3D video timeline, Face detection, video stabilization, live streaming, OCR, Custom in video tags, voice detection, Geo tagging and many more.
The financial highlights
As per the last 10Q submitted in November, Lifelogger Technologies Corp (OTCMKTS:LOGG) have less than $250,000 in the reserves. The market of wearable camera devices has grown in past few years with Google Inc (NASDAQ:GOOGL) Glass Initiative and GoPro Inc (NASDAQ:GPRO) products. The later company is one of the rising names in the wearable cameras market. The company made a strong debut on NASDAQ platform with stock prices surging to $100 per share for IPO price of $28.65.
The product highlights
The new wearable camera offering of Lifelogger is supposed to have several advanced features. The device can be used in support with any Android and IOS devices, and connect with the cloud-based software. The future is of technology firms and Lifelogger aims to become a key part of the growing industry.