Marks VerifyMe’s entry into providing brand and consumer protection for the $321 billion medical device industry
NEW YORK, May 10, 2016 (GLOBE NEWSWIRE) -- VerifyMe, Inc. (VRME), a pioneer in patented physical, cyber and biometric technologies that prevent identity theft, counterfeiting and fraud, announced today the shipment by GuardLab of approximately 1,600 mouthguards protected by VerifyMe’s proprietary anti-counterfeit features. This is the first shipment based on the agreement signed by the two companies in March.
GuardLab is a custom mouthguard company using 3D scanning and printing technologies to provide athletes with the most custom fit and protection available for their teeth and gums. VerifyMe’s proprietary covert and overt printed authentication technologies were used on GuardLab’s product packaging.
“This first shipment of products protected by VerifyMe technology was shipped on schedule by GuardLab in the second quarter of 2016. We are very pleased to work with GuardLab and look forward to providing consumer and brand protection on future shipments of their products,” stated VerifyMe President and Chief Executive Officer Thomas A. Nicolette.
“This marks our first revenue generating contract within the $321 billion medical device industry. We are focused on pursuing the tremendous growth opportunity for anti-counterfeit technologies in this and many other industry sectors,” Nicolette added.
VerifyMe solutions provide consumer safety and protection that can be widely used across many industries including medical devices, pharmaceuticals, nutritional supplements, baby products, cosmetics and automotive parts to name a few.
About VerifyMe, Inc.
VerifyMe, Inc., is a high-tech solutions company in the field of authenticating products and people. VerifyMe’s physical technology authenticates products, documents and currency with a suite of proprietary security inks and pigments. It markets a broad patent portfolio that includes patents for protecting material goods, products and packaging. The company’s digital technology authenticates people by performing strong, multi-factor verification via its patented digital platform. To learn more, visit www.verifyme.com
This press release includes "forward-looking statements," which may be identified by words such as "may," "will," "expects," "intends," "plans," "projects," "estimates," "anticipates," or "believes" or the negative thereof or any variation thereon or similar terminology or expressions. We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are not guarantees and are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from our expectations include, but are not limited to: our ability to raise additional capital, our limited revenues generated to date, our ability to attract and retain qualified personnel, the ability to successfully develop licensing programs and generate business, rapid technological change in relevant markets, changes in demand for current and future intellectual property rights, legislative, regulatory and competitive developments, intense competition with larger companies, general economic conditions, and other factors set forth described in our filings with the Securities and Exchange Commission ("SEC"), including our annual report on Form 10-K filed with the SEC on March 30, 2016. VerifyMe (formerly known as LaserLock Technologies) expressly disclaims any obligation to publicly update any forward-looking statements contained herein, whether as a result of new information, future events or otherwise, except as required by law.
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