| ABOUT THE COMPANY
Micro Imaging Technology, Inc. ("MIT"), a development stage public company (OTCBB "MMTC"), objectives are to become a global leader in developing, supporting and marketing rapid systems and processes that detect and
identify microbial organisms. MIT has developed and patented a technology
for rapid microbe identification. The technology is a non-biological
identification process that is extremely fast, easy to use and does not rely on conventional chemical or biological processing, fluorescent tags, gas chromatography or DNA analysis. The system measures scattered light
intensity as individual microbes pass through a laser beam. The intensity
pattern of the scattered light is a direct consequence of the size, shape
and external and internal optical characteristics of the microbe. By
measuring scattered light at specific angles, the system detects and
differentiates objects the size of bacteria, protozoa, yeasts and molds.
The MIT advantages are the system's low cost, ease of use and accompanying significant reduction in the time and expense for testing procedures and the ability to test for multiple bacteria in one process. The system is statistically based and embodies a unique MIT Microbe Library of
pre-measured light scattering identifiers - or fingerprints - derived from
the measurements of tens of thousands of individual microbes for each
species and subspecies to be detected (see, Attachment A - Microbe
Library).The Microbe Library is founded on basic measurements that
differentiate one microbe from another and is general, flexible and easily
extended to non-biological particles - with new microbe identities quickly
and easily added.
MIT concluded "Proof-of-Principle" testing in 1999, during 2005
prototype systems were constructed that demonstrated the ability to detect
and identify the pathogenic microbes Cryptosporidium, Giardia, E. coli,
Listeria, and Salmonella. Subsequently, two patents were awarded which will be further expanded as research and development progresses. During the later part of 2006 a small number of pre-production units were assembled - initial customer installations began in mid 2007.
Formerly Electropure, Inc., which was founded in 1972 and went public in 1987.
Laserpure division formed in 1998 - later became Micro Imaging Technology (MIT).
In 2000, Electropure created two wholly owned subsidiaries, Electropure EDI (EDI) and MIT. EDI manufactured ultrapure water systems and MIT was focused on developing a pathogen identification system.
In 2005, Electropure’s management decided to focus on developing the pathogen ID system and sold EDI to SnowPure.
A new Board of Directors (BOD) was formed and the company name was officially changed from Electropure, Inc. to Micro-Imaging Technology, Inc (OTC: BB MMTC).
A Science Advisory Board (SAB) was also formed.
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