This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Veritec Announces A Patent Portfolio

Stocks in this article: VRTC



GOLDEN VALLEY, Minn., Nov. 22, 2011 /PRNewswire/ -- Veritec, Inc. (OTC: VRTC) today announced that their patent portfolio has reached 20 worldwide patents.  As a technology company, Veritec has built a considerable presence in the fields of two-dimensional Matrix Symbology, Secure identification for people and products, Secure financial transactions, and Multi-purpose cards or mobile devices that facilitate financial transactions and other applications. Veritec's recent Partnership Agreement with National Identity Solutions (NIS) of Norcross, Georgia and with Antero Payment Solutions Inc. of Harbor City, California will benefit from the strong technology position held by Veritec.


Veritec's two-dimensional Matrix Symbology patents provide the ability to improve the quality of reading Veritec's proprietary two-dimensional codes in conditions where other two-dimensional codes would be difficult or impossible to read. Veritec's proprietary two-dimensional codes, VeriCode® and VSCode® hold more data using less space, up to 4,450 bytes of data, have adjustable error correction, read in any rotation with up to 60 degrees of skew, and are highly secure. For applications that need a robust, highly secured two-dimensional code, there are no better offerings in the market than the VeriCode® and VSCode® available from Veritec. Veritec has also been awarded patents on a new two-dimensional Matrix Symbology that has the potential of 50,000 bytes of data per square inch using standard code printers and readers. 


Veritec's two-dimensional codes are being used for product inventory, product secure identification and product manufacturing automation, on mobile phones and financial cards to conduct secure financial transactions, as marketing tools on mobile phones for coupons, ticketing, and gift cards, for Biometric identification cards and many more practical and highly secure projects. Veritec's new Multi-purpose Card or Mobile Device can facilitate secure financial transactions and at the same time act as employee identification, health care identification, employee payroll and many more applications all in a single card or mobile device application. Veritec patents that encompass these technologies and markets provide a strong position for Veritec and partners.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs