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VeriChip Corporation, founded in 2001 and based in Delray Beach, Florida, develops wearable, attachable, and implantable radio frequency identification (RFID) chips. The firm's products support the tracking of personnel, patients, and assets. The company's RFID tags are employed by organizations across the manufacturing, health care, security, and government sectors. The company's technology simplifies patient identification, infant security, equipment management, vibration monitoring, and emergency management processes. The firm is known for the VeriChip (TM) passive RFID microchip. The product, which is the size of a grain of rice, can be implanted in humans. It contains a 16-digit identification number that allows medical personnel to access patient data. Patient information is not stored on the chip. It is accessed from a secure database. In 2004, the chip was approved for use in medical environments by the U.S. Food and Drug Administration (FDA). VeriChip acquired RFID technology developers eXI Wireless Incorporated and Instantel in 2005. The firm has formed an alliance with Ekahau. The company went public in 2007. VeriChip is listed on NASDAQ under the CHIP symbol. Applied Digital holds a majority share in the firm.
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Information Sources, Inc.