Viscount Systems (VSYS): I absolutely envisage people using their...

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Re: tedpeele post# 1668

Thursday, 02/19/2015 5:03:36 PM

Thursday, February 19, 2015 5:03:36 PM

I absolutely envisage people using their phones. It's about the math.

The scenarios are simple. Viscount places a $10 chip at each door instead of a $3,000 biometric reader. Or places a $10 chip instead of an $600 RFID reader. Nothing to be serviced or go obsolete... What would you prefer as the owner?

See typical reader below:

http://www.securitystoreusa.com/Bioscrypt-PIV-Station-is-a-FIPS-201-compliant-biom-p/1009039.htm

Viscount can then sell the patented software as a mobile download app and that is where the big money is.

As far as I know there is no competition and if there is Great.. because they can all pay Viscount license fees because Viscount owns the patents.

PS. I don't think this will have much impact on the price of the stock short term. Hell Viscount didn't even read their own patent for the news release. But in the longer run this could be the best lottery ticket the company owns.