Crow, if you read the PR from even the strongest of companies you know they all have major disclaimers. I frankly wonder why anyone who reads an annual report ever buys stock, the SEC has forced companies into being so negative that it's amazing that anyone buys stock any more.
I believe we all realize that CDEX is an emerging company in an emerging industry, though I'm sure someone could apply better wording to it. Bar codes have now been around for dozens of years, I don't know that they'll go away, but I fully expect that it won't be that long before advanced scanners and software scan what's being purchased and identify virtually everything without the bar code. Numerical codes on the variety and sizes of things like apples may be a bit tougher, but the sensors should be able to read the numbers on the apples.
I suppose CDEX's equipment may actually be able to tell a Delicious apple from a Fuji, but it might actually be able to do something that would be more valuable to the consumer, tell us how ripe, or overripe the fruit is. Just as wine goes from its best to undrinkable rapidly, so does fruit. Wouldn't it be great if you could scan fruit and know when to eat them for the greatest flavor, taste and texture.
My point is, this is an industry that's in its infancy. In a decade I'd be surprised if we're not identified at check out counters, etc by our eyes, fingerprints, etc. eliminating the possibility of stealing money from a credit card or ATM, I doubt that we'll be carrying significant currency as our eyeprint or fingerprint could tie directly to virtually any number of accounts.
I believe that companies like CDEX are leading us there, they only need a small piece of the action to be very successful. I believe CDEX made a good move on ValiMed, and there device that can detect counterfeit liquor, wine, etc is a step in the right direction as well.
Gary
AI
