PHOENIX, Sept. 11, 2012 /PRNewswire/ -- Tranzbyte Corporation (ERBB (OTC:PK), announced today that it has signed a preliminary agreement to acquire the exclusive North and South American marketing rights to one of the world's least expensive and most practical MRI machines – the Cirrus MRI, from Hurricane Enterprises Ltd, a Hong Kong Company.
Hurricane Enterprises Ltd (www.hurricanemri.com) has obtained exclusive world-wide distribution rights to the ground-breaking Cirrus Open 0.2 Tesla MR Imaging Device developed in Canada under the auspices and funding of The National Research Council of Canada, (the "NRC"). The Cirrus MRI is an open Magnetic Resonance Imaging Device intended to provide a physician with a patient's internal physiological imagery using magnetic resonance imaging techniques - all without the use of ionizing radiation or advanced cryogenics.
The Intellectual property rights for this innovative MRI machine continue to be held by the NRC, with manufacturing rights held by a consortium of scientists involved in the development of the technology. Worldwide distributor rights are held in a Hong Kong company controlled by Hurricane Enterprises, Ltd..
Principle advantages of the Cirrus Open 0.2T MRI are its lower purchase price and lower operating costs. Because it does not require cooling with liquid helium, it is also much safer and more appropriate for use in remote areas. Also, the Cirrus MRI is far more resilient against local power level fluctuations. The software-driven device comes equipped with Internet-ready capability, allowing radiologists and technicians anywhere with Internet access to review results in real time from the convenience of their urban hospital settings.
According to David Gwyther, Tranzbyte's president, "I believe the Cirrus Open MRI will enable doctors and patients living in thousands of locales throughout the world to take advantage of this potentially life-saving technology at a cost per image - far below what is considered standard."
ABOUT ALTITUDE ORGANIC CORPORATION
Altitude Organic Corporation (www.altitudeorganix.com) provides business support services to independently-owned retail dispensaries 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, point-of-sale and inventory management technologies, Zazzz™ unique retail product lines, and an ever-growing family of brands designed to meet the every-growing demand of the burgeoning medical cannabis industry. Visit http://www.altitudeorganix.com today.
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.
The Tranzbyte Corporation (www.tranzbyte.com) is a driving force behind Altitude Organic Corporation. The company expects to continue 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 and decide to become public on their own will agree to carve out shares for Tranzbyte and their ERBB shareholders.
Earlier 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 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.
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.
Company and Contact:
Tranzbyte Corporation – Hong Kong
Rm 308, 3/F, Kai Tak Commercial Building
317-319 Des Voeux Road Central,
Hong Kong (SAR)
Victor J. Elias, President
ProximaRF Technology Holding Company
ProximaRF Corporate Office:
14220 N. Northsight Blvd., Suite 139-B
Scottsdale, AZ 85260
SOURCE Tranzbyte Corporation