Know Labs Inc (KNW)

[ss0722]

IDN DOING WELL. VSUL SHOULD FOLLOW. Intellicheck recently announced it had acquired the exclusive rights to Visualant, Inc.’s proprietary Spectral Pattern Matching™ (SPM™) technology for homeland security, law enforcement and crime prevention applications. The technology directs structured light onto a substance, through a liquid or gas, or off a surface, to capture a unique ChromaID signature. The Company believes the new technology will yield unprecedented breakthrough products due to its real-time analysis capabilities that can instantly detect a wide array of materials and substances including counterfeit identification documents such as passports, driver licenses, and identity badges as well as counterfeit currencies. In addition, ChromaID can be used to detect explosives, gunpowder residue, and illicit drugs. The Company expects applications of the innovative technology will be felt globally in every market ranging from defense and law enforcement to retail, banking, and payments.

The Company believes commercialization of new ChromaID-based products will be transformative for a wide variety of clients who would benefit from this cutting-edge technology. "We have heard from Federal and commercial clients who anticipate our new products will have significant, far-reaching implications in deterring domestic and international terrorism and crime, fraud and illegal profit-making operations," said Dr. William Roof, CEO of Intellicheck.