Itoco Inc. (ITMC)

[ProfitScout]

Today's ITMC news has major implications for delivering a real solution to the Covid pandemic crisis and allowing a wide sweep of people to safely return to their work and other activities. Locking up the intellectual property rights is also a big score for this company.

Note management comments:

"The combined ITOCO Rapid DNA Virus Testing and Immutable Verification system has the potential to help hard hit industries open more quickly and safely, unlocking trapped wealth for those industries," says Greg Marlin, CEO/CTO DATANet, "and in addition to helping boost certain key sectors of the economy, it could also save many lives and livelihoods. It will allow users to prove their virus/vaccine/immunity status quickly and easily for the purpose of attending public events, travel, etc."

ITOCO CEO Michael Paul stated, "This agreement continues our commitment to commercializing the technologies we acquire through our business development activities in this area. The acquisition of this patent-pending technology affirms our focus on building a strong intellectual property portfolio in all areas of the bio-tech economy."