VeriChip Corp. (CHIP): Locating and Tracking Potential for Investors
VeriChip (CHIP) is a maker of radio frequency identification systems (RFID) used to identify, locate and track people across the United States and abroad. The company markets its products through direct sales force and distributors. Its customers include hospitals and long-term care facilities, and healthcare professionals such as physicians and individual patients. VeriChip's main competitors are Axcess International Inc. and closely-held Precision Dynamics Corporation. The company is a former unit of Applied Digital Solutions Inc. and was founded in 2002. Last month, VeriChip, based in Florida, sold its Canadian operations, known as Xmark Corporation, to engineering giant Stanley Works for…