Monday March 20, 2017 0 comments
WHEAT RIDGE -- Lifeloc Technologies, Inc. announced the acquisition of the R.A.D.A.R. Real-Time Alcohol Detection and Recognition Product from the Track Group, Inc.
Financial details of the acquisition were not disclosed.
Lifeloc said the R.A.D.A.R. device is one of the most comprehensive alcohol offender monitoring systems available today. A fuel cell-based breath alcohol testing system with 24/7 monitoring and reporting capability, R.A.D.A.R. units include two forms of biometrics to confirm the identity of the subscriber.
The R.A.D.A.R. device provides monitoring with real-time reporting of program compliance or violation to a court-appointed officer as an important part of alternatives to incarceration for alcohol related offenses.
“Our salesforce is excited about adding this complementary product to our law enforcement portfolio and the new opportunities we expect it to create in the workplace,” said Amy Evans, Lifeloc sales director.
“The acquisition of R.A.D.A.R. will open an entirely new market for Lifeloc in remote offender monitoring,” said Mark Lary, Lifeloc’s director of engineering.
“The R.A.D.A.R. device’s biometrics and communication with our advanced fuel cell technology create a unique synergy, providing us the ability to expand our breath alcohol offerings.”
“Lifeloc has a long history of manufacturing top quality, professional breathalyzers, and bringing the R.A.D.A.R. products in house fits well with our capabilities,” said Dr. Wayne Willkomm, Lifeloc CEO.
“The R.A.D.A.R. device represents an important expansion of our business model, which we expect will result in a recurring revenue stream from device leasing and monitoring, as opposed to a series of one-time sales of breathalyzers.”
Lifeloc said it is purchasing all the Track Group assets relevant to the R.A.D.A.R. device, including the current device inventory, manufacturing assets, monitoring software, and the intellectual property which includes issued and pending U.S. patents, along with associated international applications.
No Track Group employees will be joining Lifeloc as part of the transaction.