LifeLoc Technologies Inc (LCTC)

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The global market for breath analyzers was valued at US$402.1 million in 2012 and is anticipated to grow to US$4,518.4 million by 2019 according to a Transparency Market Research report.

This is a market expected to grow to over $4.5 billion in the coming years. Lifeloc technologies is only currently capturing less than a ¼ of 1% of this market and they are listed as a key player in the space along with Alcohol Countermeasure Systems (International), Inc., Ekips Technologies, Inc., Dragerwerk AG & Co. KGaA, Intoximeters, Inc., Alcolizer Pty. Ltd. Quest Products, Inc, MPD, Inc., and PAS Systems International.

If LCTC can capture a mere 2 ½ % of this market share, I would expect it to have a market cap of at least $100 million and be trading above $40/share.

Driving this market are headlines such as:

Mounting Fatalities Associated with Drug and Alcohol Abuse to Boost the Uptake of Breath Analyzers Market

Government Regulations for Breath Detection to Augment the Sales of Breath Analyzers

A surge in the number of drug abuse and drunk driving cases have persuaded the governments of many countries to mandate testing of blood alcohol content (BAC) at workplaces besides their conventional use at highways.

High Reliability and Accuracy to Make Fuel Cell Most Preferred Technology for Breath Analyzers