Security Identification In the security field, the company is actively developing applications for VeriChip in a variety of security, defense, homeland security and secure-access applications. These opportunities include using VeriChip to control authorized access to government installations and private-sector buildings, nuclear power plants, national research laboratories, correctional facilities, and sensitive transportation resources. VeriChip can enhance airport security, airline security, cruise ship security, intelligent transportation and port congestion management. In these markets, VeriChip could function as a stand-alone, tamper-proof personal verification technology or it could operate in conjunction with other security technologies such as standard ID badges and advanced biometric devices (i.e. retina scanners, thumbprint readers or face recognition devices). The Company recently unveiled VeriPass(tm) and VeriTag(tm), which will allow airport and port security personnel to link a VeriChip subscriber to his or her luggage (both during check-in and on the airplane), flight manifest logs and airline or law enforcement software databases. The concept of using VeriChip as a means for secure access could also be extended to include a range of consumer products such as PCs, laptops, cars, cell phones, and even homes and apartments.
Financial Identification
In the financial arena, the company sees enormous, untapped potential for VeriChip as a personal verification technology that could help to curb identity theft and prevent fraudulent access to banking (especially via ATMs) and credit card accounts. VeriChip's tamper-proof, personal verification technology would provide banking and credit card customers with the added protection of knowing their accounts could not be accessed unless they themselves initiated -- and were physically present during -- the transaction.
VeriChip™ VeriChip is a miniaturized, implantable radio frequency identification device (RFID) that has the potential to be used in a variety of security, financial, and other applications. About the size of a grain of rice, each VeriChip product contains a unique verification number and will be available in several formats. The verification number is captured by briefly passing a proprietary scanner over the VeriChip. A small amount of radio frequency energy passes from the scanner energizing the dormant VeriChip, which then emits a radio frequency signal transmitting the verification number.
