Tranzbyte Corporation Subsidiary, ProximaRF, in Development on Electronic Tracker (RFID) for Legal Marijuana Shipments
PHOENIX, Nov. 14, 2012 /PRNewswire/ -- ProximaRF, a subsidiary of Tranzbyte Corporation (ERBB:OTC:PK) is pleased to announce that it is working on the development of an RFID reader that could successfully track shipments of legally grown and distributed marijuana from the time the product is harvested to the time it is delivered to retailers. Once completed, the company believes this could be a significant enhancement for both retailers and law enforcement nationwide.
ProximaRF (http://www.proximarf.com/) has a versatile and leading-edge portfolio of RFID readers, sensor tags and data logging products based on the ISO 15693 standard of high frequency (13.56Mhz) RFID. ProximaRF believes that its core strength lies in its ability to design and produce high quality RFID hardware and embedded software that value-added resellers can integrate with their own purpose-driven software for each client's application.
ProximaRF has recently completed the relocation of its US office to Tranzbyte Corporation in Scottsdale, AZ. They can be reached using the contact information below under "Companies and Contacts."
The Tranzbyte Corporation (www.tranzbyte.com) is a driving force behind Altitude Organic Corporation and ProximaRF. The company continues its plan to acquire, hold, or spin out successful divisions in what has been described in previous news releases as "dividend farming." Companies that qualify that decide to become public on their own will agree to carve out shares for Tranzbyte and their ERBB shareholders once the spin-out is registered and publicly trading. This year, Tranzbyte acquired ProximaRF – a leading-edge company that produces a line of products supporting leading-edge RFID technology.
Tranzbyte also houses the company's 9-year-old technology division which is actively engaged in the marketing and sale of its optical media enhancement products to potential customers in the US and Asia. Products in the Tranzbyte division include FLASHAlbum™ and FlixStix -- technologies that enable distributors of optical media (CDs, DVDs, etc.) to consolidate the best features of each medium onto a single content-protected USB flash drive.
ABOUT PROXIMARF AND APPLIED RFID
Founded in 2006, Applied RFID and its operating subsidiaries (www.proximarf.com), have a versatile and leading-edge portfolio of RFID reader, sensor tag and data logging products based on the ISO 15693 standard of high frequency (13.56Mhz) RFID.
The company has plans to increase its network of global distributors and value-added resellers. With its "Proxima RF" line of RFID readers, sensor tags, sensor probes and data logging products, the Company seeks out opportunities with partners who have a unique software offering within market verticals where the implementation of secure data collection and temperature sensing bring real and immediate ROI to users. These key markets include: food safety, cold chain logistics and healthcare/pharmaceutical as well as factory and field maintenance applications.
ABOUT ALTITUDE ORGANIC CORPORATION
Altitude Organic Corporation (www.altitudeorganix.com) provides business support services to independently-owned retail dispensaries and legally licensed caregivers in states that have approved the use of medical cannabis. AOC continues to drive innovation in the industry through its sales and marketing support services, product research and development, point-of-sale and inventory management technologies, Zazzz™ unique retail product lines, and an expanding family of brands designed to meet the ever-growing demand of the burgeoning medical cannabis industry. Visit http://www.altitudeorganix.com today.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's Securities and Exchange Commission reports and filings. Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which they are made.
Companies and Contacts:
Mr. John T. Martin, Managing Director - Asian Division
Rm 308, 3/F, Kai Tak Commercial Building
317-319 Des Voeux Road Central, Hong Kong (SAR)
Victor J. Elias, President
ProximaRF US Corporate Office:
14220 N. Northsight Blvd., Suite 139-B
Scottsdale, AZ 85260
SOURCE Tranzbyte Corporation
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