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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Mace Security International Inc (QB) | USOTC:MACE | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.00245 | -14.00% | 0.01505 | 0.0131 | 0.017 | 0.0176 | 0.0122 | 0.0176 | 47,583 | 16:56:17 |
CLEVELAND, Dec. 30, 2013 /PRNewswire/ -- Mace® Security International, an established manufacturing brand known for its personal defense pepper sprays and security equipment, announced today a joint venture with SoloMetrics LLC, to provide safety technology inspired by the film "Minority Report."
The Steven Spielberg thriller, set in 2054, focuses on the role of protecting citizens by preventing crime. While watching the film, inventor Farhan Masood realized he could design the futuristic technology. And he went on to create a successful multi-national company called SoloMetrics.
Now SoloMetrics is partnering with Mace® brand to provide innovative technology and services that produce the next generation of safety and security products. The joint venture, named SoloMace, will significantly enhance the Mace® brand line of personal defense products and increase its range of law enforcement products.
"This partnership will create unprecedented opportunities in the area of security," said John J. McCann, president and CEO of Mace Security International.
SoloMetrics is a Chicago-based research and development company that invents and assembles technologies addressing gaps in security and access control, time and attendance, business process automation and location-based tracking systems.
Under the newly announced partnership, SoloMetrics will work alongside Mace Security International, its partners and customers to create integrated, automated and intelligent products and solutions. SoloMetrics will utilize its arsenal of patent pending hardware and software technologies including biometrics, complex pattern and gestures recognition, augmented reality and big data.
Mace® plans to launch SoloMace in the summer of 2014.
"This will transform what it means to protect yourself and engage law enforcement in new ways," McCann said.
Masood, an engineer whose work was recognized by the MIT Enterprise Forum in 2012, is known as the originator of the Arabic, Urdu and Persian languages on the Internet.
Carter Kennedy, interim CEO at SoloMetrics, said, "Our alliance with Mace® brings together technology and protection. It creates a security blanket for people who could be in threatening circumstances."
Mace® brand (OTCPINK: MACE) is a manufacturer and provider of personal defense, safety and electronic security products for home, school, business and law enforcement use. The company provides site assessment and integrated security strategies, ranging from pepper spray devices to electronic surveillance and rapid response rescue networks. Mace® brand has been a source of non-lethal solutions since 1970.
Contact: Garnett R. Meador, garnett@mace.com or 440-424-5393
SOURCE Mace Security International
Copyright 2013 PR Newswire
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