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Initial Adjustment Anticipated to Lead to Added Business with Other Artefact Lines for the Client



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ROCHESTER, NY / ACCESSWIRE / June 25, 2020 / VerifyMe, Inc. (NASDAQ: VRME ), a agenda technology solutions provider specializing in affected prevention, authentication, serialization, abstracts mining, clue and trace, appearance for labels, packaging and products, is admiring to advertise its aboriginal VeriPASTM clue and trace technology acquirement adjustment in the cannabis industry.

VerifyMe Chief Executive Officer, Patrick White, commented, “The cannabis industry represents a abundant befalling for VerifyMe. According to an April 2020 bazaar analysis abstraction by BDSA and Arcview Bazaar Research, the industry is accepted to abide to be one of the fastest-growing all-around markets over the abutting bristles years, from advance of 46% to $14.8 billion in 2019 to an accepted $47 billion by 2025. The arising acknowledged cannabis and vape industry is affected to atramentous bazaar counterfeits, as approved by the U.S. vape crisis in September 2019.”



While this antecedent adjustment for pre-printed tamper-proof labels absolute VeriPASTM technology is for one product, if the after-effects from this antecedent adjustment are positive, VerifyMe anticipates accepting assorted orders for this artefact over the year. This cannabis aggregation has assorted articles that could advance the VeriPASTM technology which could be added in approaching orders already after-effects from this antecedent adjustment are analyzed.



Mr. White, continued, “This new adjustment in cannabis, a new area for us, demonstrates that our technology is applicative beyond a advanced ambit of industries, area cast protection, affidavit and anti-counterfeit technology has become added important. Our antecedent adjustment exemplifies our action of acreage and expand, as there are added artefact opportunities for amplification with this new client. We attending advanced to alive with this new chump in appropriate and abacus amount to their products.”

VerifyMe’s VeriPASTM clue and trace will be activated on pre-printed tamper-proof labels in adjustment for the applicant to assure itself from affected articles absolute contaminants. VeriPASTM allows barter to instantly accredit the artefact with their smartphone afore application the artefact thereby acceptable the chump that the artefact is accurate afore use.

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The clue and trace technology band-aid and the VeriPASTM web aperture gives the cast buyer the adeptness to monitor, control, assure and bazaar the artefact during its accomplished action aeon from raw absolute to aircraft to the barn to retail to finally, the customer. It enables clue and trace of the artefact aural 10 anxiety application a web aperture that monitors the GPS locations. VeriPASTM will accelerate warnings and define locations to the cast buyer if it suspects any affected or artefact aberration activity.

In addition, VeriPASTM empowers the cast buyer to appoint with the chump with one-on-one announcement with discounts, coupons, artefact blueprint and accouterment of artefact details. VeriPASTM is additionally advantageous to the cast buyer for abstracts mining and acquisition business intelligence.

We accept VeriPASTM solves an arising cogent botheration of cast owners actuality bombarded with refunds and replacements of ahead purchased affected products. The cast owners can now verify the actuality of any alternate product.

About VerifyMe, Inc.

VerifyMe, Inc. (NASDAQ: VRME ), is a technology solutions aggregation that markets articles accurate by patents, apparent applications and barter secrets which provides identifiers and serialization for authenticating, tracking and archetype functions for labels, packaging and products. VerifyMe’s technology authenticates packaging, labels and abstracts with a apartment of proprietary aegis inks and pigments, which assignment in affiliation with serialization and track-and-trace software accepted as VeriPAS™ that allows both consumers and cast inspectors to verify actuality with their smartphones. VeriPAS™ is a serialization software arrangement that cast owners admission through a web aperture to monitor, ascendancy and assure their articles complete action cycle. To apprentice more, appointment www.verifyme.com

Cautionary Note Apropos Advanced Statements

This absolution contains advanced statements apropos acquirement opportunities, the use of our articles in added presses and locations, the after-effects of advancing tests, and roll-out of our articles and affidavit accessories which absorb ambiguity and risk. The words “believe,” “may”, “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “will,” “expect” and agnate expressions, as they chronicle to us, are advised to analyze advanced statements. We accept based these advanced statements abundantly on our accepted expectations and projections about approaching contest and banking trends that we accept may affect our banking condition, after-effects of operations, business action and banking needs. Important factors that could account absolute after-effects to alter from those in the advanced statements accommodate the company’s adeptness to assignment with ally in affairs its technologies to businesses, assembly difficulties, our disability to access into affairs and deals with approaching partners, and issues which may affect the abhorrence of ample companies to change their purchasing of products, accepting of our technologies, the ability of our authenticators in the field, our patents including abeyant litigation, and the advancing atypical COVID-19 pandemic. Further advice on our accident factors is independent in our filings with the SEC, including the Form 10-K for the year concluded December 31, 2019. Any advanced account fabricated by us herein speaks alone as of the date on which it is made. Factors or contest that could account our absolute after-effects to alter may appear from time to time, and it is not accessible for us to adumbrate all of them. We undertake no obligation to about amend any advanced statement, whether as a aftereffect of new information, approaching developments or otherwise, except as may be appropriate by law.

For Licensing or Other Advice Contact:

Company: VerifyMe, Inc.

Email:

Website: http://www.verifyme.com

Investors:

ClearThink

SOURCE: VerifyMe

View antecedent adaptation on accesswire.com:

https://www.accesswire.com/595158/VerifyMe-Secures-its-First-Purchase-Order-for-VeriPASTM-Track-and-Trace-Technology-in-the-Cannabis-Industry

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Last Updated: June 29th, 2020 by admin
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