In terms of providing safety, there needs a lot of research to be done on that to warrant such claims. I believe, no matter how good the detection device I believe one always needs a buddy to dive safely, because most often the mind is the part that is the cause of tragedy.
As a company I would first go for offering a training tool.
If saO2 can be measured at the temple, probably with the sensor you already have. Adding depth it would be the best.
At the moment people have a difficult time measuring saO2, because the arm and finger gets vascular constricted and thus does not provide accurate oxygen measurements at the later stage of apnea.
I've worked with a person from Gallileo to help develop their HR integration in their next dive computer, which turned out to be the Scubapro Meridian: costing about a E 500
APNEA.cz - Uwatec Meridian
I was testing their computer in a German lake, taking it down to just over 30m, measuring HR, time, depth. They quickly learned they needed to lower the low HR threshold, and also reduce the filtering for false readings as HR's in freediving can drop very fast see this Dynamic HR recording:
At depth, at 5m doing slow empty lung dives, I had my buddy (medical student) measure my my neck artery, because my HR monitor would not go lower then 30 BPM. My buddy measured something like 17 BPM, very slow strong long pulses.
If freedivers had the ability to measure, record and train with a device that accurately, non intrusively could record our trainings, it would for sure help people to become better and more relaxed freedivers.
Also I'm sure with a wider sample group people would be able to learn and verify a lot about freediving physiology. I've not seen HR measurements of other people doing deep dives, and I'm keen on seeing them.
Making it Waterproof to 200m may be a bit of a challenge though
Call out.
If you're a freediver close to Beirut, please offer Hindi your freediving skills and give her the best and most enjoyable introduction to our sport, please!
If you happen to be in the Netherlands, I'm hereby offering you a free stay and introduction dives.
If you can travel to Eilat, then Aharon Solomons (
www.freedivers.net) may be interested to learn and help you out.
Love, Courage and Water,
Kars