QTII - QuadTech Subsidiary MRID Technologies Files Patent Application for iMPak On-Location Monitoring System
Tuesday September 12, 5:00 am ET
VANCOUVER, BC--(MARKET WIRE)--Sep 12, 2006 -- QuadTech International, Inc. (OTC BB:QTII.OB - News) (Frankfurt:QI9.F - News), an asset monitoring technology solutions company, announced today that its wholly owned subsidiary MRID Technologies has filed a U.S. patent application for the company's iMPak on-location human asset monitoring technology. Short for "intelligent mobile pack," iMPak is a wireless, two-way, data/voice communication system embedded in a 5" X 5" X 5/8" package that allows the device to transmit location, vital sign and other critical data immediately and effortlessly to a central control room or handheld device.
Acquired by QuadTech through the company's recent purchase of MRID Technologies ("MTech"), the iMPak system can be used to monitor workers utilizing state-of-the-art wireless connectivity to determine the location and condition of each person. Because it continues to transmit data during power interruptions, iMPak can be deployed in even the harshest, most hazardous work environments.
"iMPak will be ideal for individuals in high-risk occupations and can be a life-saving tool in emergency situations," said QuadTech CEO John Meier. "iMPak fits easily into a work vest or uniform, and is capable of reading the wearer's heart rate, respiratory rate, body temperature, and even his or her state of consciousness, as well as location -- all without any attachments to the body."
"Most importantly, the ultra-wide band utilized by iMPak devices is completely safe; in fact, the average mobile phone uses 1,000 times more power than an iMPak device," added Tony Hines, CTO of MTech and an international award-winning engineer.
iMPak is the portable, wearable component in MTech's patent-pending Multiple Range Identification ("MRID") asset tracking system, the next generation in Radio Frequency Identification ("RFID").
First developed in the early 1970s, RFID technology uses radio frequency waves to determine simply if an object is or is not present. Consequently, current RFID systems do not allow users to pinpoint the location of tagged items. Nevertheless, Datamonitor predicts that RFID will be a US$6.1 billion industry by 2010 -- triple what it was in 2005 -- with overall RFID industry revenues projected to exceed US$1 trillion also by 2010.
MTech's other innovative component is the MRID system that transmits multiple radio frequency codes, which offers the added functionality of determining direction and proximity of the tagged item or person in relation to the reader receiving its signal. As a result, an MRID receiver is able to accurately determine the location of a tagged item, making the new MRID systems invaluable in emergency situations or for organizations with large numbers of mobile assets to protect.
About QuadTech International, Inc.
QuadTech International, Inc. is the parent company of MRID Technologies, provider of a full line of mobile asset tracking solutions using RFID. QuadTech also develops partnerships and/or acquires control in high-growth, small to medium-sized companies and solutions that support its technology-driven business focus. For more information, please visit www.quadtechint.com.
Safe Harbor -- This press release includes forward-looking statements that involve risks and uncertainties, including but not limited to, product delivery, the management of growth, market acceptance of certain products and other risks. These forward-looking statements are made in reliance on the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. For further information about these factors that could affect QuadTech International, Inc. future results, please contact the Company directly. Prospective investors are cautioned that forward-looking statements are not guarantees of performance. Actual results may differ materially from management expectations.
Contact:
Contact:
Panascope Capital
818-882-7722
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Source: QuadTech International, Inc.
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