VerifyMe up on contract win from product security company
24/03/2022 15:19
** Shares of technology solutions provider VRME.O up as
much as 3.24% at $3.35
** Co signs an agreement with an international product
security company that specializes in product authentication and
mobile inspection systems urn:newsml:reuters.com:*:nPn6n20BCa
** Under the agreement, co will provide its proprietary
invisible ink, its patented mobile phone authentication device
and a custom mobile app for the security company's client
** Revenue will be recognized based on the discretionary
annual usage by the security company's client, which co
currently expect will be at least 500,000 units annually- VRME
** Stock up ~4% YTD, as of last close
(Reporting by Rithika Krishna in Bengaluru)
((Rithika.Krishna@thomsonreuters.com; Twitter: https://twitter.com/rithika_krishna;))