Last $0.07 USD
Change Today -0.0018 / -2.58%
Volume 10.3K
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As of 8:10 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

500 Union Street

Suite 420

Seattle, WA 98101

United States

Phone: 206-903-1351

Fax: 206-826-0451

Visualant, Inc. designs ChromaID Scanner devices made with electronic, optical, and software parts to produce and capture the light. Products The company’s first product, the ChromaID F12 Lab Kit, scans and identifies solid surfaces. It is marketing this product to customers who are considering licensing the technology. Target markets include commercial paint manufacturers; pharmaceutical equipment manufacturers; process control companies; currency paper and ink manufacturers; security card, reader, and scanner manufacturers; food processing; and electronic gaming. The company’s wholly owned subsidiary, TransTech Systems, Inc. (TransTech), provides value-added security and authentication solutions to corporate and government security and law enforcement markets throughout the United States. TransTech is a distributor of systems solutions, components, and consumables for employee and government identification, document authentication, access control, and radio frequency identification. TransTech provides these products and services to a channel of value-added resellers and system integrators throughout North America. ID Systems and Components: The company provides ID personalization systems to the security industry. These systems include components, such as ID cards, printers, software, supplies, data collection devices, document scanners, photo capture products, document authentication devices, and signature capture products. Logical and Physical Access Control: The company offers logical access readers that are used for logging onto computer networks and VPNs; physical access control readers that are used to gain access into buildings or secure areas; software, such as visitor management and temporary card solutions; and additional applications outside of security. Radio Frequency Identification and Tracking: The company offers RF scanner, readers, cards, tags, labels, tracking software, and video surveillance cameras to tie video clips of the asset or article movement to the personnel using them or to record other events surrounding asset and article movement. Kiosk Printers for the Self Service Industry: TransTech provides kiosk card printers. The mechanical functions of the printers are the same as a standard desktop card printer, and do not have the fancy housing. Customers and Markets The company serves approximately 400 distributors and national account customers in the United States, with the majority in the Western region. TransTech’s sales are through the reseller channel and government prime vendors, as well as directly to end users. The primary use of TransTech products is for security applications. These fit within various verticals, including commercial industries, manufacturing, distribution, transportation, government, health care, education, and entertainment. Suppliers TransTech’s major suppliers include Evolis, Fargo, Magicard, and NiSCA. Research and Development The company’s research and development expenses were $1,169,281 for the year ended September 30, 2013. Intellectual Property As of September 30, 2013, the company had been issued six patents by the United States Office of Patents and Trademarks. Strategic Partnership In January 2014, Visualant and IV have formed a strategic partnership to advance the commercialization of Visualant's patented ChromaID technology through product applications and IP development. History Visualant, Inc. was incorporated under the laws of the state of Nevada in 1998.

 

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TEV/Sales 1.3x
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