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Share Name | Share Symbol | Market | Type |
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PlasmaTech Inc (CE) | USOTC:PMAH | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.000001 | 0.00 | 00:00:00 |
PlasmaTech, Inc. (Pink Sheets:PMAH), a wireless technology innovator providing solutions to the $120 billion global security market, announced today it has begun marketing its universal wireless remote control and access circuit board to Original Equipment Manufacturers (OEMs) worldwide.
The Company's universal circuit board can be integrated into almost any existing device, equipment or finished good to allow that device to send data wirelessly. The Company’s wireless transmitter has many applications in both the security and non-security fields; it could be used for the transmission of data from machines in manufacturing, data collection in oil fields, or data from valves controlling fluid volumes. Security applications could be sending data on door and window access to a central control system. These are but a few of the types of applications the wireless data transmission device could be installed.
By working with various manufacturers the Company intends to provide its wireless secure transmitter as an add-on to their existing products. In many installations where data collection is required, running wires in just not an option, Plasmatech’s secure wireless transmitter is the solution.
The wireless transmitter can easily and efficiently create ad-hoc, peer-to-peer, point-to-multi-point, Star or Mesh networks for secure and redundant communications. The radio technology can broadcast as far as 40 miles within specific application requirements, often where Wi-Fi and other networks are limited. In addition to new products, PlasmaTech's universal circuit board can be integrated into a wide variety of existing products, not at all limited to security applications. Other products features include up to three years of data transmissions on a two nine volt batteries, 129 bit AES data encryption and transmits data on a different frequency every 4.9 micro seconds.
“Our technology is one of the best solutions for integration into existing product lines requiring secure wireless communications, with field-tested and proven reliability. As a result, we believe we have a significant competitive advantage in the OEM marketplace,” said PlasmaTech President Marvin Williams. “We are now recruiting sales representatives across the U.S. with specific experience and contacts in the OEM marketplace. Wireless OEM data, voice and video modules are on the rise and represent a promising growth opportunity for PlasmaTech.”
About PlasmaTech, Inc.
PlasmaTech, Inc. is an innovator in the development, design, manufacturing and worldwide marketing of secure wireless solutions for consumer, industrial and government applications. PlasmaTech’s platform technology provides military-grade encryption security for the transmission of data, voice and video over wireless data communication links, offering extreme distances that were previously unachievable in the industry. Visit the Company’s website at www.plasmatechwireless.com.
Statements in this press release may be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend” and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company’s business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in PlasmaTech’s filings with the Securities and Exchange Commission. In addition, such statements could be affected by risks and uncertainties related to the ability of PlasmaTech to pay its debts to RF Wireless in order to retain title to PlasmaTech’s intellectual property, the ability of PlasmaTech to effectively manage the intellectual property acquired from RF Wireless and integrate it into the business of PlasmaTech, product demand, market and customer acceptance, competition, pricing and development difficulties, as well as general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on PlasmaTech’s website does not constitute a part of this release.
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