A micro cap medical diagnostics and research firm just announced that it will supply detection field kits to the Federal Police in Brazil to check packages for UPS, FedEx and DHL couriers. Mr. Amichai Glattstein, CEO of IDenta Corp. (OTCQB:IDTA) commented “the company’s products continue to reach customer types in all different fields and in more and more countries. The number of shipments that are transported and delivered worldwide is tremendous. Testing those shipments is a significant and important task and our company is proud to be a part of it and the potential growth it will bring.”
IDenta is a detection and forensic science company. The firm through its subsidiary is engaged in the business of developing products to test for the presence of illegal drugs and explosives for the law enforcement agency, military, government agencies, and other organizations. Its products include Drug testing kits, Explosive testing kits, Precursors of Drugs Test kits, portable sniffer, and Bullet-hole testing kit.
Traders seemed to be bullish on the news as shares traded up to a session high to $2.28/share (+20.6%). This move is a breath of fresh air for those shareholders who have been holding the stock during the pullback experienced since making a multi-month high at the end of last year.