![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Saturday, January 30, 2021 11:55:49 AM
I believe Lifeloc is the best positioned company in this space. They already have a great existing customer base from their line of alcohol breathalyzers. They know the regulatory compliance and standards conformity government agencies require in a breathalyzer, as well as calibration standards. Their technology using the SpinDx platform allows a whole array of testing for other drugs than just THC, including cocaine and methamphetamines,
If they can incorporate the marijuana breathalyzer into their RADAR System, this would set them apart from competitors, and greatly increase the market. It would allow biometric user identification, immediate reporting through a cellular network to a secure portal with gps coordinates and time stamp of each test. The market would expand to not only police doing field sobriety tests, but include Department of Corrections to manage pre-trial, probation or parole clients, DUI and Drug Courts for rehabilitation monitoring, supporting the recovery, treatment, and restoration of clients to be contributing members of society. The units could aid wellness courts in monitoring clients, and help break the cycles of drug and alcohol addicted people, as well as in Family Law where the client would be monitored and provide samples during time spent with court ordered visitation of their children to provide a safe environment.
This expands the market greatly, and Lifeloc is the leader here. I also believe that the US government will prefer to purchase equipment made by a US company, as President Biden signed the Executive Order strengthening Buy American, ensuring the future of America is made in America, by American workers. Lifeloc is based in the Us, whereas a main competitor is not.
Best of luck to all...
Recent LCTC News
- Form 8-K - Current report • Edgar (US Regulatory) • 07/26/2024 03:58:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/25/2024 10:37:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/25/2024 10:35:40 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/31/2024 07:22:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/23/2024 09:30:36 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/15/2024 08:30:12 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 08:15:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/19/2023 10:14:21 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/08/2023 09:46:57 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/08/2023 02:57:07 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 10/23/2023 02:57:31 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/19/2023 09:11:04 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/08/2023 09:26:07 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2023 08:21:40 PM
Duane Forrester Joins INDEXR as SVP of Search • MONI • Jul 31, 2024 11:46 AM
Lingerie Fighting Championships Help Fulfill Death-Bed Promise With First Major Motion Picture • BOTY • Jul 31, 2024 9:00 AM
Kona Gold Beverage Significantly Reduces Debt from Multiple Holders • KGKG • Jul 31, 2024 9:00 AM
Avant Technologies Opens Equity Line with GHS Investments as Company Explores Expansion into Additional Technologies • AVAI • Jul 30, 2024 8:00 AM
ELEMENT79 GOLD CORP PROVIDES UPDATE ON CHACHAS COMMUNITY CHARTER AND REVENUE GENERATION, M&A ACTIVITIES • ELMGF • Jul 30, 2024 8:00 AM
INDEXR AI Merges With Moon Equity Holdings Corp. (MONI), Creating a Leading-edge Technology Company • MONI • Jul 29, 2024 9:59 AM