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April 15, 2010
– Vitrak Systems Inc. selected to represent PEI on trade mission to Florida
Vitrak management is pleased to announce their participation
in an upcoming Trade Mission to the State of Florida, May 10-15th, 2010.
Innovation PEI, the arm of government responsible for economic development
for Prince Edward Island, in partnership with the Atlantic Canada Opportunities
Agency (ACOA) are leading a delegate of Executives from several of PEI’s high
technology companies on a Trade Mission to Florida that begins May 10, 2010.
Programs and meetings during the mission will provide opportunity for
Vitrak management to introduce its sensor floor technology to some of the
leading manufacturers and marketers of medical device instrumentation in the
U.S. The objective of Vitrak is to fast track its access to the U.S market
via a partnership with an established U.S FDA approved medical device manufacturer.
The State of Florida is ranked 2nd in the nation for FDA registered medical
device manufacturers and its medical products industry contributes a total
direct economic output of $3.4 billion.
August 12, 2008
– Island entrepreneur attracting attention in U.S.
When the Pentagon shows interest, you know it’s serious.
An Island entrepreneur and businessman is developing a floor monitoring
system that could revolutionize the human and animal health-care system
and perhaps organizations beyond that. The Pentagon is interested and the
University of North Carolina’s medical team wants a demonstration. Mike Power,
the president of Vitrak Systems Inc., said they’ve been working on a product
for pharmaceutical use for the past five years.
Read the full story here...
August 13, 2007
– Businessman back in control after winning legal battle
An Island inventor and businessman has won an
important court victory against a hired manager whom a
court found had tried to take over his business.
Michael Power won in court a year ago, but finally
regained control of his company, Vitrak Systems, this
month when former colleague John Lauer dropped his appeal
of a 2006 decision that stripped Lauer and a group of
associates of their Vitrak shares.
Read the full story here...
May
25, 2005 – Vitrak Website Launch
The Vitrak Floor Monitoring System has
been in its research and development phase since
August 26, 2002 and is scheduled for scientific
work completion by June 30, 2005 with the final
reporting and demonstration elements completed
by August 31, 2005. As this milestone in the Company’s
drive to commercialisation approaches, Vitrak
Systems Inc. heralds this achievement with the
launch of www.vitraksystems.com to openly communicate
what few people have known during these past years.
Vitrak Systems Inc. now enters its pre-commercialisation
and commercialisation phases and will begin to
gather the individuals and associations necessary
to achieve its long-sought objective of profitable
commercial development.
January 26, 2005 - Vitrak
Floor Monitoring System – Final R&D
Commences
The Vitrak Floor Monitoring System proof-of-concept
was achieved in late 2004, but there remained
the matter of a scientific discovery of a potentially
new manner of determining a subject’s weight.
Despite the fact that such was not part of the
original project specifications, the funding parties
once again agreed to support this important final
stage of research and development involving the
expenditure of a further $157,083 to study and
determine a unique method of calibrating the application
of pressure to the Vitrak Floor Monitoring Systems’
intelligent floor tile in order to calculate the
subject’s weight. This element alone will
have a dramatic effect on the ability of the Vitrak
Floor Monitoring Systems to identify unique characteristics
of the manner in which a subject moves across
a floor.
Scheduled for scientific work completion by June
30, 2005 the final elements of the research and
development phase will be completed by August
31, 2005.
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November
17, 2003 - Vitrak Floor Monitoring System –
Phase 2 R&D Commences
Armed with the success of the research and development
of the intelligent floor tiles in the first phase,
the funding partners came together once again
to approve the second phase expenditures of $542,550
to create the overall Vitrak Floor monitoring
System which would combine Vitrak’s smart
floor tiles with such unique software development
and RFID technology which would create the world’s
most advanced floor monitoring system. This phase
has resulted in the overall proof-of-concept achieved
in late 2004.
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August
26, 2002 – Vitrak Floor Monitoring System
– Phase 1 R&D Commences
Although considered ‘ancient history’
in Vitrak Systems Inc.’s short life thus
far, this date remains pivotal in the Company’s
drive to commercial success. It was upon this
date that the combinations of financing elements
were finally in place to launch the first phase
of research and development to determine if a
cutting-edge, technology-driven floor monitoring
system could be built. Without any track-record
other than the international reputations of the
science team leader Dr. Graham Atkin and the business
management skills of John Lauer, this $737,669
phase commenced with the intelligent floor tiles
as its primary objective. This phase lasted until
December 2003, and determined that indeed a footprint
could be captured by a computer, and its movement
tracked with precise detail such that historical
data could be retained in a manner that allowed
for independent assessment. To our knowledge this
is the first time the world has seen such a system,
and it was in the latter part of this phase that
simultaneous USA and Canadian Patent Applications
were filed.
This phase also saw the discovery of an important
potential method of weight determination which
would become the final element of our research
and development efforts once the concept of the
Vitrak Floor Monitoring System had been proven.
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