Micro Imaging Technology Announces Paradigm Shift in Approach to Providing Software-Based Identification of Microbes
February 12 2013 - 8:00AM
Marketwired
Micro Imaging Technology, Inc. (OTCQB: MMTC) MIT has developed and
patented the MIT 1000, a Microbial Identification System that
revolutionizes the pathogenic bacteria diagnostic process and can
annually save thousands of lives and tens of millions of dollars in
health care costs. This technology, which the Company markets under
the name
Micro Identification
Technologies®, will identify bacteria in
minutes at a significantly lower cost per test compared to
conventional methods.
Until recently, MIT's Microbial Identification System, the MIT
1000, was comprised of a hardware detection unit, the MIT 1000
Instrument, and a software-based identification component that ran
on a dedicated desktop PC with an installed A/D (analog-to-digital)
data collection board. This configuration required a bulky,
proprietary ribbon cable connected between the MIT 1000 Instrument
and the A/D board in the PC. The identification software used two
software components: the User Interface program and customer
selected collection of MIT Identifiers™. The User Interface program
operates the MIT 1000 Instrument and performs microbial
identifications using the installed MIT Identifier™ collection. The
User Interface program implements the identification component,
MIT's proprietary algorithms, necessary for successful
identification of a given microbial sample. Updates to the User
Interface program or the MIT Identifier™ collection required manual
installation of the new version by the end user.
"Today," says MIT's Chief Scientist, David Haavig, PhD, "MIT has
transitioned to a new approach that involves a relatively new trend
in the computing world commonly referred to as 'the cloud.' The
implementation of MIT's proprietary algorithms and the MIT
Identifiers™ now resides on high-availability server clusters in
geographically disparate data centers." A/D conversion is now
performed within the MIT 1000 Instrument and is now connected to a
PC via a standard USB cable. Collected data is sent to the
identification component via a standard internet connection. This
approach allows for protection of MIT's proprietary algorithms and
MIT Identifiers™ from reverse engineering, use of a very low cost,
general-purpose PC for the User Interface program, and, after a
simplified initial installation of the User Interface program
software by the end user, push installation of updates. This usage
model also inherently allows controlled access to MIT's catalog of
Identifiers™, circumventing the need for updating customers' local
software whenever new Identifiers™ are added or when the customer
chooses to obtain licensing for additional Identifiers™. This
design allows for the next version of the system to integrate the
general-purpose PC functionality into the MIT 1000 system,
providing a completely stand-alone design.
Dr. Haavig concluded, "I am excited about the release of this
new technology. It provides tremendous simplification of the
software upgrade process and allows for hardening of security."
About: Micro Imaging Technology, Inc.
Micro Imaging Technology, Inc. is a California-based public company
that is also registered to do business under the name Micro Identification Technologies. MIT has developed
and patented the MIT-1000, a stand-alone, optically-based, software
driven system that can detect pathogenic bacteria and complete an
identification test, after culturing, in less than five (5) minutes
for pennies per test when compared to any other conventional
method. It does not rely on chemical or biological agents,
conventional processing, fluorescent tags, gas chromatography or
DNA analysis. The process requires only clean particle-free water
and a sample of the unknown bacteria. Revenues for all rapid
testing methods exceed $5 billion annually -- with food safety
accounting for over $3.5 billion, which is expected to surpass $4.7
billion by 2015 according to BCC Research. In addition, the
recently passed "New" U.S. Food Safety Bill is expected to further
accelerate the current annual growth rate of 6.6 percent.
You can find more information about our company and about Micro
Identification Technologies™. Please visit our newly enhanced
website at www.micro-identification.com.
This release contains statements that are forward-looking in
nature. Statements that are predictive in nature, that depend upon
or refer to future events or conditions or that include words such
as "expects," "anticipates," "intends," "plans," "believes,"
"estimates," and similar expressions are forward-looking
statements. These statements are made based upon information
available to the Company as of the date of this release, and we
assume no obligation to update any such forward-looking statements.
These statements are not guarantees of future performance and
actual results could differ materially from our current
expectations. Factors that could cause or contribute to such
differences include, but are not limited to dependence on
suppliers; short product life cycles and reductions in unit selling
prices; delays in development or shipment of new products; lack of
market acceptance of our new products or services; inability to
continue to develop competitive new products and services on a
timely basis; introduction of new products or services by major
competitors; our ability to attract and retain qualified employees;
inability to expand our operations to support increased growth; and
declining economic conditions, including a recession. These and
other factors and risks associated with our business are discussed
from time to time within our filings with the Securities and
Exchange Commission, reference MMTC: www.sec.gov.
CONTACT: Jeffrey Nunez President and CEO Email: Email
Contact Web Site: www.micro-identification.com Telephone:
(949) 388-4546
Micro Imaging Technology (CE) (USOTC:MMTC)
Historical Stock Chart
From Nov 2024 to Dec 2024
Micro Imaging Technology (CE) (USOTC:MMTC)
Historical Stock Chart
From Dec 2023 to Dec 2024