Replies to post #1668 on Viscount Systems (VSYS)

[tedpeele]

An old quote, but suddenly seems very relevant:

Stephen Pineau, president and CEO of Viscount, said, “With Freedom we have already demonstrated our ability to dramatically improve ROI by eliminating the control panel component of systems. With Freedom Mobile we can now also eliminate the cost of RFID readers and cards to further improve ROI. The patents we have filed and the technology we are developing represents a tremendous opportunity for Viscount to deliver solutions as low cost Cloud applications based on a recurring revenue model that are normally delivered as electronic hardware.”

“In addition to securing doors, we have filed wide-reaching patents covering mobile security applications that we have encountered in the past, but that for reasons relating to cost, end-users were hesitant to proceed,” Pineau continued. “For example, large retail chains and restaurants have been looking for ways to track deliveries and contractors such as garbage and snow removal, but the cost of wiring dedicated RFID systems is prohibitive. Other users have requested ways to locate staff without using expensive RFID muster stations in the event of emergencies and evacuations. Finally, there are large corporate and financial clients who are looking to secure shared printer networks for compliance reasons. With Freedom Mobile, we now have a solution to these applications where there is basically no cost to deploy the technology. The solutions simply require a nominal monthly recurring revenue Cloud fee with no upfront capital cost. We believe there is great potential with this approach.”

http://www.gsnmagazine.com/article/27758/viscount_systems_applies_patents_mobile_security_a

[finrafriend]

I absolutely envisage people using their phones. It's about the math.

The scenarios are simple. Viscount places a $10 chip at each door instead of a $3,000 biometric reader. Or places a $10 chip instead of an $600 RFID reader. Nothing to be serviced or go obsolete... What would you prefer as the owner?

See typical reader below:

http://www.securitystoreusa.com/Bioscrypt-PIV-Station-is-a-FIPS-201-compliant-biom-p/1009039.htm

Viscount can then sell the patented software as a mobile download app and that is where the big money is.

As far as I know there is no competition and if there is Great.. because they can all pay Viscount license fees because Viscount owns the patents.

PS. I don't think this will have much impact on the price of the stock short term. Hell Viscount didn't even read their own patent for the news release. But in the longer run this could be the best lottery ticket the company owns.