visualant inc (VSUL) Key Developments
Visualant, Inc. Receives its Ninth Patent on its ChromaID Technology
Jul 20 15
Visualant, Inc. announced that it has received its ninth patent on its ChromaID technology. The newly issued patent describes a fluid sampling device that simplifies spectral analysis to produce an accurate but inexpensive chromatic fingerprint for fluid samples. The use of the ChromaID in identifying, authenticating and diagnosing fluids extends the reach of the technology through its unique use of an array of variable wavelength LED emitters and photodiode detectors to measure the scattering of electromagnetic energy from a fluid. The Visualant ChromaID technology as applied to identification, authentication and diagnostics of fluids allows for a wide variety of real-time real world applications. They include, but are not limited to: Determining if water is potable; Looking for the presence of water in aviation jet fuel; Checking for counterfeit fluids including olive oil, wine and spirits; Confirming that the correct fluid is flowing through the IV drip line; Identifying known contaminants in various fluids; and Determining if milk is spoiled.
Visualant, Inc. will Change its Ticker to VSULD from VSUL
Jun 16 15
Effective June 17, 2015, Visualant, Inc. will change its Pink Sheets LLC stock ticker symbol to VSULD from VSUL.
Visualant, Inc. Enters into Option Agreement with Benemilk Ltd
Jun 3 15
Visualant, Inc. announced that it has entered into a one-year option agreement with Benemilk Ltd. granting Benemilk the right to evaluate its ChromaID™ technology for quality assurance or quality control tests performed in connection with the production of dairy products and to exclusively license such technology on a worldwide basis. The specific application of Visualant’s ChromaID technology to milk is covered by a patent application filed by IV and licensed to Visualant pursuant to their strategic relationship. The global milk industry is growing rapidly with the increasing milk consumption in the developing world. Today, the global milk industry has a scale that is one-third the size of the global oil industry. The agreement executed between Visualant and Benemilk is the one of many expected opportunities created by Intellectual Ventures for their partners to work together. Benemilk is the developer of proprietary feeds and supplements for dairy cows, the use of which has been shown to markedly increase milk and milk solid production.
Visualant, Inc. Receives its Eighth Patent on its ChromaID Technology
May 26 15
Visualant, Inc. announced that it has received its eighth patent on its ChromaID technology. This patent is the continuation of the original series of patents filed by Visualant on the ChromaID technology beginning in 2007. This patent protects the application of the ChromaID technology in the fields of manufacturing, process quality control, authentication of financial and identity documents, use with biological tissues related to diagnosis and security as well as the deterioration of manufactured materials and monitoring of liquids, fuels, and lubricants. The patent also details methods for networking the functioning of the ChromaID technology for database building and access for comparing data acquired by one ChromaID device with those collected by other devices. This patent solidifies Visualant's patent portfolio in terms of extending the original ChromaID inventions to these various application domains. Visualant's ChromaID technology was invented when Dr. Thomas Furness, a professor at the University of Washington and pioneer in the field of virtual reality, recognized that every material exhibited a unique light signature when stimulated by visible and invisible structured coherent light sources. Dr. Furness and his team continue to work with Visualant to extend the reach of its foundational ChromaID technology. This newly issued patent is a part of that effort. The patent issued by the United States Office of Patents and Trademarks and is entitled Method, Apparatus, and Article to Facilitate Evaluation of Objects Using Electromagnetic Energy.
Visualant Plans Acquisitions
May 14 15
Visualant, Inc. (OTCPK:VSUL) intends to make acquisitions. The company stated: “We intend to pursue strategic acquisitions of companies and technologies that strengthen and complement our core technologies, improve our competitive positioning, allow us to penetrate new markets, and grow our customer base. We also intend to work in collaboration with potential strategic partners in order to continue to market and sell new product lines derived from, but not limited to, ChromaID technology.”