ALBUQUERQUE, N.M. & FRAMINGHAM, Mass.--(BUSINESS WIRE)--TruTouch Technologies, a pioneer in non-invasive biometric intoxication detection systems, today announced that it has closed a $1.3 million venture and angel investor interim funding round to support continued product commercialization and new technology development.
The round was led by the Verge Fund (Albuquerque, NM), with participation by Boston-based Launchpad Venture Group and Albuquerque-based Synergy Ventures, as well as Fort Washington Investment Advisors, and included individual private investors.
Dr. Richard D. Gill, President and CEO of TruTouch, said, “We are delighted to announce the closure of this oversubscribed interim funding round, which will help advance commercialization of our current TruTouch intoxication detection systems, which are already enjoying success in the law enforcement support, oil drilling, military and transportation operation markets. Additionally, our next-generation finger touch system, the TruTouch 2000, is proceeding steadily through development and clinical calibration trials, and we’re looking forward to a successful launch through OEM partners.”
He added, “TruTouch’s mission is to help eliminate alcohol-related dangers on our roadways and in our workplaces, by providing a simple, accurate and cost-effective biometric test to ensure driver and equipment operator safety.”
The TruTouch Guardian is an advanced intoxication detection device that uses light to measure a subject’s alcohol level instead of bodily fluids or other means. With the TruTouch Guardian, a test subject places their arm on an infrared scanning system, which then analyzes the level of intoxicant in the subject’s system. The device can produce accurate results in less than a minute, and has a built-in biometric identification system to ensure test result integrity. The forthcoming TruTouch 2000 is a finger touch device that currently can provide analysis in 15 seconds.
Unlike a Breathalyzer, the TruTouch Guardian and TruTouch 2000 devices require no user training, no disposables, no samples, and no operator assistance is required.
Current and future TruTouch applications include:
* Medical Diagnostic Systems * Workplace Safety Systems * Alcohol Point-Of-Sale Liability Reduction Systems * Law Enforcement Systems * Industrial Safety Systems * Vehicle Safety Systems
About TruTouch Technologies
TruTouch Technologies, Inc. develops, manufactures and sells patented noninvasive biometric alcohol testing systems into both existing and emerging alcohol testing markets. Inspired by the potential to place its passive, durable systems virtually anywhere, TruTouch’s vision is to create a world where intoxication is routinely intercepted before it does harm.
TruTouch will be presenting at Invest SW in Scottsdale, AZ December 9-11th, 2009.
Contact:
TruTouch Technologies, Inc. Dr. Richard D. Gill, President/CEO, 269-823-8430 Richard.Gill@TruTouchTechnologies.com Patricia Eads, Controller, 505-272-7050 Pat.Eads@TruTouchTechnologies.com