TruTouch Technologies, an Albuquerque, NM-based developer of non-invasive biometric intoxication detection systems, has secured $3m in funding.
Backers include iTulip, Launchpad Venture Group, Verge Fund, and Jerome Capital.
The company intends to use the funding to build its sales infrastructure and secure additional licensing partners.
Led by President & CEO Dr. Richard D. Gill, TruTouch Technologies develops, manufactures and sells patented noninvasive biometric alcohol testing systems into both existing and emerging alcohol testing markets. The company’s products employ an advanced intoxication detection technology that uses light to measure a subject’s alcohol level without collecting bodily fluids or other invasive means. A user places a finger on a fiber optic touchpad that analyzes the alcohol concentration in the user’s body and at the same time identifies the user.
According to a written statement, the device can produce accurate results in seconds, and performs built-in biometric identification to ensure test result integrity.
Applications include:
– Workforce Workplace Safety Systems,
– Medical Diagnostic Systems,
– Alcohol Point-Of-Sale Liability Reduction Systems,
– Law Enforcement Systems,
– Industrial Safety Systems.
FinSMEs
07/02/2012