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Hi Jaclyn,
I like the idea but, sorry to say, I am a bit concerned about the feasibility to implement all the nice ideas. For a starter, if you like the Amulyte to work anywhere, it would need either a "radio" (3G or similar) or BT4.0 to a smartphone connectivity. A radio needs a good re-chargeable battery (since it would send data on a regular basis (I would not recommend always-on), it might last maybe 2-3 days pending on battery size and data push frequency, but not more) + SIM card(!). The BT4.0 needs a smartphone connected...and hence why having Amulyte around the neck if you carry a phone around in the first place...
Related to buttons for e.g. recording or taking pictures on the side of the Amulyte: I am afraid they will be too small for an elders hand to press... the blue alarm button has the correct size for simple usage... we made for our solution of a smartphone for elderly plenty of usability tests and size really matters ;-)
Less is more at this stage: Explore as good as possible for whom your solution is really interesting. I am not sure if active aging people are interested as they will find it stigmatizing (integrated into a wrist watch might be acceptable), then again here in Europe you find similar solutions targeted to commercial caregiving organizations that run elderly homes. By the way: for men, they thought of the belt buckle as the best option compared to necklace for women.
One way to look at it would be: Could this be a high-prized jewelry with only one function = emergency button? If you find enough positive response on that simple functionality with the design appeal, it might be time to expand....

This is already pretty common practice here in Europe (Nordics, Germany etc) in cities with universities (we do it in our family as well)... There is a constant shortage in affordable living space for students, exchange students and all those that have to move temporarily for pre-work assignments prior to graduation (e.g. school teachers)...It is most often arranged through the universities and schools...the tricky part is to reach out to the elders... during the typical renting seasons some universities do newspaper articles or flyers (still more common media than social media to the elders)...= the solution is in my opinion more a function of how to reach our to the elders than to the young ones... latter will come by themselves as they benefit by default (cheap housing, good company, shared wisdom etc..)