StandoutStocks.com: "Stocks that Standout" picks for today are: CEXI
Tue. October 14, 2008
The ID2 Narcolyzer identifies illegal drugs within seconds using CDEX's patented enhanced photoemission spectroscopy. The unit will currently identify methamphetamine, cocaine, and heroin, and additional substances will be added based on market demand.
As we have seen at other demonstrations of our technology, there was fascination and interest for both of our featured products at the booth. The Meth Scanner provides a unique, reliable, and lightweight field instrument and the Narcolyzer is a fast, accurate, in-station device that can be purchased well below the price of conventional analytical equipment
The products performed flawlessly. Based on the success of its public debut, we will now proceed to a formal launch process for the Narcolyzer and continued market development for the Meth Scanner.
CHETRY: Right. Well, bottom line, before we let you go. Thumb's up or thumb's down? Is this something you think more police departments should have?
TUCKER: Absolutely. I think it's going to be a great tool and I think law enforcement across the United States need it to help battle the methamphetamine problem.
According to CDEX's contract with the state, the company will provide the first 15 units to the patrol at cost with a minimum order of 150 units. From then on, the patrol will receive a 20 percent discount on all purchases. In addition, CDEX will commit to setting up production of the devices in Missouri if the initial order for the device exceeds 500 units from Missouri and contiguous states.
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