Micro Identification Technologies Inc. MMTC Archives

MondayJun 28, 2010 11:20 am

Micro Identification Technologies, Inc. (MMTC.OB) Moves Forward With Production Of MIT 1000

With its announcement of the MIT 1000, the world’s first non-biological system for identifying pathogenic microbes, Micro Identification Technologies Inc. set the stage for a revolution in the way companies and health organizations identify potentially dangerous microbes. The company is now taking its next big step, initiating the production of the MIT 1000. In late May, the company signed an agreement with OSI Optoelectronics, a subsidiary of OSI Systems (NASDAQ: OSIS), to manufacture the system. The MIT 1000 uses laser light and sophisticated software to generate and read the unique reflection patterns that identify 23 species of pathogenic bacteria, all…

WednesdayJun 23, 2010 12:38 pm

Micro Identification Technologies (MMTC.OB) Led By Stellar Board

Micro Identification Technologies Inc., pioneering creator of the world’s only non-biological system for identifying pathogenic microbes - one of the most unique and promising developments in recent medical history, is guided by an equally remarkable board of directors. Michael W. Brennan The company’s Chairman and President, Mr. Brennan has over 25 years in the computer industry, and participated in the founding of four publicly held companies (three currently on NASDAQ). With a B.S. in Electrical Engineering from USC, and an MBA from Pepperdine, he is also an adjunct faculty member for the University of Phoenix. Victor A. Hollander In his…

ThursdayJun 17, 2010 8:21 am

Micro Identification Technologies, Inc. (MMTC.OB) Video Chart for Thursday, June 17, 2010

MMTC is in a channel mixed with a nice triangle. Good support levels and moving average support should help this make a run at the top of the triangle and the 200 day simple moving average. Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=420 Let us hear your thoughts below:

TuesdayJun 15, 2010 8:37 am

Micro Identification Technologies, Inc. (MMTC.OB) Announces Plans for Expansion Enabled by Completed Manufacturing and Financing Agreements

This morning, Micro Identification Technologies, Inc. announced that it has begun an internal expansion program, which was made possible in part by the Manufacturing Contract signed with OSI Optoelectronics (OSIO) to produce its systems and the Equity Placement Agreement from the private equity firm Dutchess Capital through its Dutchess Opportunity Fund, LP. Micro Identification Technologies (MIT) Chairman Michael Brennan commented, "As part of this expansion program, we will be significantly increasing our professional and scientific resources -- great career opportunities." Over the last year MIT produced the PC-based MIT 1000 Microbial Identification System in limited quantities and had several distinguished…

WednesdayJun 09, 2010 7:44 am

Micro Identification Technologies, Inc. (MMTC.OB) Led By Experienced Management Team

Micro Identification Technologies Inc. is a development stage company whose objective is to become a global leader in developing and marketing rapid systems and processes that detect and identify microbial organisms. The company has developed a quick, cost-effective way to identify 23 different species of pathogenic bacteria, just mere minutes after completed culturing. It's all done by laser light that is scattered off bacteria cells suspended in water, creating light patterns that are unique for each bacteria species. For more information on the company, please visit www.micro-imaging.com. As with any other up-and-coming company, a top-notch management team will be key…

WednesdayMay 26, 2010 3:18 pm

Micro Identification Technologies, Inc. (MMTC.OB) Up 33.33% on All-Time Record Volume

Micro Identification Technologies, Inc. closed trading today at $0.06, up $0.015 or 33.33%, on approximately 3.4 million traded shares! Today's trading activity was fueled by a news release from the company stating that it has signed an agreement with a subsidiary of OSI Systems (NASDAQ: OSIS) to manufacture its microbial rapid identification system. With an average daily volume of 316,400 traded shares, MMTC's trading activity was nearly 10 times greater than a typical day in the market. Micro Identification Technologies Inc. is focused on becoming a global leader in developing, supporting and marketing rapid systems and processes that detect and…

WednesdayMay 26, 2010 6:00 am

Micro Identification Technologies, Inc. (MMTC.OB) Selects Manufacture for Revolutionary MIT 1000 Rapid Microbial Identification System

Micro Identification Technologies, Inc. today announced that it has signed an Agreement with OSI Optoelectronics (OSIO), a subsidiary of OSI Systems (NASDAQ: OSIS) to manufacture its microbial rapid identification system, the MIT 1000. Providing complete solutions and services from concept to design to production, OSIO has manufacturing facilities in California, Malaysia and India. “All of OSIO’s world class facilities are ISO 9001:2000 certified and FDA registered and GMP compliant making them a perfect company to fabricate MIT’s systems for its current food safety applications and its planned pharmaceutical and clinical diagnostic applications,” stated John Ricardi, MIT’s Executive Vice President and…

TuesdayMay 25, 2010 12:04 pm

Micro Identification Technologies, Inc. (MMTC.OB) Bests the Competition in Speed, Cost, and Accuracy

Micro Identification Technologies Inc. offers something that is entirely unique in the medical world: the only general non-biological system for identifying pathogenic microbes known to exist. They invented it, perfected it, patented it, and now sell it as the MIT 1000. However, the fact that their product is one-of-a-kind is not its most important quality. The most important aspect of the MIT 1000 is what it can do, specifically its remarkable ability to identify various species of pathogenic bacteria in a tiny fraction of the time required by all other traditional identification methods, through the innovative use of laser light.…

TuesdayMay 18, 2010 7:39 am

Micro Identification Technologies, Inc. (MMTC.OB) Announces Expansion of Distributor Responsibility in Asia

This morning before the opening bell, Micro Identification Technologies, Inc. announced that it has expanded the contract of its Distributor Biotek Sdn Bhd to train all MIT distributors in Asia on the operation and service of the MIT 1000 Rapid Microbial Identification System. Currently, the distributor has facilities in Malaysia and is responsible for sales and service in Malaysia and other ASEAN countries, including: Indonesia, Singapore, The Philippines, Thailand, Cambodia and others. MIT currently has Asian distributors in Vietnam, South Korea, Japan, India and Turkey and plans to add others later this year. Biotek purchased a system in October of…

WednesdayMay 12, 2010 10:22 am

Micro Identification Technologies, Inc. (MMTC.OB) Video Chart for Wednesday, May 12, 2010

MMTC has made a strong move over the last 2 weeks and is once again pushed above resistance. Now we are looking for this level to hold and establish a solid uptrend for the long term. Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=395 Let us hear your thoughts below:

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