LifeLoc Technologies Inc (LCTC)

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Colorado-based Lifeloc Technologies is banking on new product offerings to make it the world’s leading provider of real-time alcohol and drug abuse detection, with biometric technology playing an important role:

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In the company’s latest quarterly update, it indicated that the flagship breathalyzer model of its new platform, the Lifeloc LX9, has gone into production, while the latest model of its Real-time Alcohol Detection and Reporting, or R.A.D.A.R., device – billed as an alternative to incarceration for offenders – has gone into prototype testing. Importantly, the R.A.D.A.R. solution features built-in biometric technology to verify the identities of subjects undergoing testing.

“We have been investing aggressively in product development to achieve this vision, focusing on a few major product developments that are expected to have a significant impact on our performance,” the company stated in its update. “We are now at the point where we will start to reap the benefit of these investments.”