LifeLoc Technologies Inc (LCTC)

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Global Remote Breathalyzer Market Is Driven by Growing Awareness for Drug Testing Coupled with Government Initiatives.

Article out today from Transparency Market Research:

http://www.digitaljournal.com/pr/3226022

"The growth of the global remote breathalyzer is mainly driven by increasing alcohol and drug abuse cases and stringent government laws and regulations. Moreover, growing popularity and demand for personal breathalyzers and development of cost-effective alcohol breathalyzers in emerging markets is expected to witness rapid surge in the demand during the forecast period."

Security agencies are the largest end-users of breathalyzers. However, growing personal use of breathalyzers is expected to increase during the forecast period from 2016 to 2024.

However, developing nations in Asia Pacific are expected to witness the fastest growth during the forecast period. Growing awareness for drug testing coupled with government initiatives, increased public awareness and reduction in cost are the major drivers for the market growth in these geographies.

If these statements by the research report are true, we should see increased revenues and profits from LCTC for the foreseeable future. I would expect record revenues in 2017 and for each year of the next 5-10 years without even factoring in the marijuana breathalyzer. With the added sales and revenue from the cannabis breathalyzer, shareholders should be handsomely rewarded.