Lifeloc Technologies, a Colorado manufacturer and exporter of
professional alcohol breathalyzers for use by Law Enforcement,
Corrections, Schools and the Workplace is pleased to announce an award
of $250,000 from the Colorado Office of Economic Development and
International Trade (OEDIT) to accelerate its development of the world's
first Marijuana Breathalyzer. Matching funds required by the grant will
be provided by Lifeloc.
Barry Knott, president of Lifeloc commented, "There is no equivalent of
a marijuana breathalyzer today. Law enforcement does not have a fast,
reliable and non-invasive THC impairment test available at roadside. The
legalization of medical and recreational Marijuana in Colorado coincides
with significant upward trends in marijuana related emergency room
visits, hospital admissions and workplace test results. The majority of
Denver DUI drug arrests now also involve marijuana."
The award is part of Colorado's Advanced Industries Accelerator Programs
designed to help drive innovation, accelerate commercialization,
encourage public-private partnerships, increase access to early stage
capital and create a strong ecosystem that increases the state’s global
competitiveness.
About Lifeloc Technologies
Lifeloc Technologies (OTC:LCTC) is a trusted U.S. manufacturer of
evidential breath alcohol testers and provider of drug testing products
for Workplace, Law Enforcement, Corrections and International customers.
Lifeloc stock trades over-the-counter under the symbol LCTC. We are a
fully reporting Company with our SEC filings available on our web site, www.Lifeloc.com.
Forward Looking Statements
This press release includes forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995, which
involve substantial risks and uncertainties that may cause actual
results to differ materially from those indicated by the forward-looking
statements. All forward-looking statements in this press release
including statements about our strategies, expectations about new and
existing products, market demand, acceptance of new and existing
products, technologies and opportunities, market size and growth, and
return on investments in products and market, are based on information
available to us on the date of this document, and we assume no
obligation to update such forward-looking statements. Investors are
strongly encouraged to review the section titled “Risk Factors” in our
SEC filings, available free of charge at the SEC’s website (www.sec.gov).
Copyright Business Wire 2014