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The company’s technology does not rely on chemical or biological agents, conventional processing, fluorescent tags, gas chromatography or DNA analysis. The MIT 1000 System identifies bacteria with a laser that uses the principle of light scattering with proprietary PC-based software algorithms to test samples at less than $0.10 per test. MIT’s technology can save tens of millions of dollars annually and thousands of lives.
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Micro Identification Technologies Inc. offers something that is entirely unique in the medical world: the only general non-biological system for identifying pathogenic microbes known to exist. They invented it, perfected it, patented it, and now sell it as the MIT 1000. However, the fact that their product is one-of-a-kind is not its most important quality. The most important aspect of the MIT 1000 is what it can do, specifically its remarkable ability to identify various species of pathogenic bacteria in a tiny fraction of the time required by all other traditional identification methods, through the innovative use of laser light.
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The MIT 1000 is patented, independently tested and is a certified test method for food safety. More importantly, it can annually save thousands of lives and tens of millions in healthcare costs by the rapid identification of pathogenic bacteria and other microbes
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We are on track with this year's goal to begin quantity deliveries in 4Q 2010, but need to increase our system support and microbiological research capabilities in conjunction with supporting the food industry's obvious safety requirements
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The Company has produced the PC-based MIT 1000 Microbial Identification System in limited quantities over the last year and had several distinguished earlier users, including the U.S. Department of Agriculture ARS, Japanese Ministry of Food Safety, University Putra Malaysia and local contract laboratories. MIT's Chairman added, "The MIT 1000 is patented, independently tested and is a certified test method for food safety. More importantly, it can annually save thousands of lives and tens of millions in healthcare costs by the rapid identification of pathogenic bacteria and other microbes." Mr. Brennan added, "We are on track with this year's goal to begin quantity deliveries in 4Q 2010, but need to increase our system support and microbiological research capabilities in conjunction with supporting the food industry's obvious safety requirements."
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"The MIT 1000 is patented, independently tested and is a certified test method for food safety. More importantly, it can annually save thousands of lives and tens of millions in healthcare costs by the rapid identification of pathogenic bacteria and other microbes.
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MIT has demonstrated the ability to detect and identify, within several minutes, the microbes Escherichia coli, Listeria, Salmonella, Staphylococcus aureus, and other pathogenic bacteria. MIT recently performed over 300 tests for the identification of the aforementioned contaminants and scored 95% accuracy. The System can currently identify 23 species of bacteria and its ID capability is easily expanded.
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'Just heard a news report this morning regarding contaminated ingredients used by J&J in the making of Motrin. The contamination found was bacterial. J&J was found to be lacking in adequate quality control and inadequate documentation. Friends, this is exactly what MMTC can and will address. Has anyone heard when the production line will be up and running with their latest design changes? We may not even get to the stock run we were all looking for --- we may go directly to the buyout phase.'
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good reason to be here->MIT’s technology has the potential to revolutionize the $5 billion rapid microbial test market by annually saving thousands of lives and tens of millions of dollars. Since 1998, the industry has had an annual expansion of 9.2 percent - with growth projections for 30 percent annually. MIT is well positioned with its cutting-edge microbial technology as demand continues to soar as a result of major health, safety and homeland security issues
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Do you have sales contracts already and if so how many? a) Yes, we have received sales contracts but have not publicly disclosed the client or contract value.
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Once MMTC has a contract with a major or decent size Food/Meat distributor ( which I think will happen very very soon ). Others will follow. Having this technology puts you in a competitive advantage with everybody else. You not only save money for each test but a heck of a lot of time.
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posted
Over the last year MIT produced the PC-based MIT 1000 Microbial Identification System in limited quantities and had several distinguished earlier users, including the U.S. Department of Agriculture ARS, Japanese Ministry of Food Safety, University Putra Malaysia and local contract laboratories. MIT’s Chairman stated, “The MIT 1000 is patented, independently tested and is a certified test method for food safety. More importantly, it can annually save thousands of lives and tens of millions in healthcare costs by the rapid identification of pathogenic bacteria and other microbes.” Mr. Brennan added, “We are on track with this year’s goal to begin quantity deliveries in 4Q 2010, but need to increase our system support and microbiological research capabilities in conjunction with supporting the food industry’s obvious safety requirements.”
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In the US alone, there are 76 million cases per year of food borne disease, mostly resulting in 1-2 day illnesses which cause pain and discomfort leading to an overall drop in economic productivity; however, there are an incredible 5,000 deaths each year, and over 325,000 hospitalizations, from contaminated foodstuffs, according to CDC data
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Micro Identification Technologies Inc. offers something that is entirely unique in the medical world: the only general non-biological system for identifying pathogenic microbes known to exist. They invented it, perfected it, patented it, and now sell it as the MIT 1000. However, the fact that their product is one-of-a-kind is not its most important quality. The most important aspect of the MIT 1000 is what it can do, specifically its remarkable ability to identify various species of pathogenic bacteria in a tiny fraction of the time required by all other traditional identification methods, through the innovative use of laser light.
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Personally loving this stock. Looking forward to doing a writeup on this stock and telling my many investor friends and my 2k+ twitter following about it soon.
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Once MMTC has a contract with a major or decent size Food/Meat distributor ( which I think will happen very very soon ). Others will follow. Having this technology puts you in a competitive advantage with everybody else. You not only save money for each test but a heck of a lot of time. The Major distributors will need to get on board. I just hope MMTC will be able to support the demand!
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The company’s technology offers significant advantages over today’s methods of microbial detection, including lower cost, rapid results, easier use and the ability to test for multiple bacteria in one process. The system is statistically based and includes a unique MIT Microbe Library of pre-measured light scattering identifiers - or fingerprints - derived from the measurements of tens of thousands of individual microbes for each species and subspecies to be detected
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posted
In the US alone, there are 76 million cases per year of food borne disease, mostly resulting in 1-2 day illnesses which cause pain and discomfort leading to an overall drop in economic productivity; however, there are an incredible 5,000 deaths each year, and over 325,000 hospitalizations, from contaminated foodstuffs, according to CDC data
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posted
Micro Identification Technologies Inc. (MIT) is focused on becoming a global leader in developing, supporting and marketing rapid systems and processes that detect and identify microbial organisms. For several years the company has been working on the development of a breakthrough, laser-based microbial identification technology. This technology has been designed to be extremely fast and easy to use while not relying on conventional chemical or biological processing, fluorescent tags, gas chromatography or DNA analysis.
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posted
MIT’s technology has the potential to revolutionize the $5 billion rapid microbial test market by annually saving thousands of lives and tens of millions of dollars. Since 1998, the industry has had an annual expansion of 9.2 percent – with growth projections for 30 percent annually. MIT is well positioned with its cutting-edge microbial technology as demand continues to soar as a result of major health, safety and homeland security issues.
-------------------- All material posted by this poster is for informational purposes only Posts: 213 | Registered: Dec 2008
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posted
The company’s technology offers significant advantages over today’s methods of microbial detection, including lower cost, rapid results, easier use and the ability to test for multiple bacteria in one process. The system is statistically based and includes a unique MIT Microbe Library of pre-measured light scattering identifiers – or fingerprints – derived from the measurements of hundreds of thousands of individual microbes for each species and subspecies to be detected.
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Micro Identification Technologies Inc. has developed and patented a rapid microbial identification system that revolutionizes the pathogenic bacteria ID process. Offering significant advantages over today’s methods of microbial detection, the company’s MIT 1000 Rapid Microbial Identification System can identify bacteria in less than five minutes.
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MIT’s primary focus is on food safety where over the past few years a vast amount of food contamination occurrences have been recorded. The Center for Disease Control reports that over 325,000 food contamination events cause 5,000 deaths annually. MIT’s technology can also be used for applications in clinical diagnostics, pharmaceutical and semiconductor processing as well as drinking water testing. The technology is also adaptable to perform identification of the air.
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