MALIBU, Calif. -- Vinoble, Inc., a holding company seeking to identify long-term growth opportunities in the areas of homeland security, security information systems, and other security services, announced today that it plans to offer products and services that will assist in the automation of the identification and control of equipment, assets, tools, and the related processes used in the Oil & Gas and Petrochemical industries.
Although small wirelessly networked RFID sensors can monitor machines and equipment to detect possible problems before they become serious, they can also deliver safety features within oil wells. Oil maybe trapped in different layers of rock, along with gas and water. Detection of specific liquids can assist equipment in operating within a specific precise opportune moment to ensure certain adverse conditions do not occur, such as a well filling with water.
As with other RF based technology applications, RFID can also provide the safe transit of materials by only the authorized handler, and limit the entry of personnel to specific locations. Ensuring personnel safety is essential, should there be an emergency at a facility, RFID tags would enable the customer to track and evaluate its employee's safety and/or danger. This application technology requires product and hardware that can operate in harsh and potentially hazardous conditions, but gives valuable safety to the resources and assets that are vital to the customer. RFID can also assist the customer's supply chain by tracking oil, gas, and chemical products from extraction to refining to the sale at the retail level.
Vinoble's viewpoint as previously stated is that these applications are more than just a valuable tool to the mining industry, but as a protective measure of our country's natural resources and commodities against threat. Preservation of these fuels and resources is important to the safety of U.S. industry and economy.
The Company believes that such offering service and technology application in the Oil & Gas and Petrochemical industry will further position Vinoble in a rapidly expanding industry while taking advantage of access to the increasing capital and global spending that the Company will require for growth. The Company's goal is to also provide a much-needed service at a cost manageable to even the smallest of businesses that can't afford to do without the safety of its personnel and assets in this current state of constant threat.
Safe Harbor Statement: This press release contains forward-looking statements as defined in The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan", "confident that", "believe", "scheduled", "expect", or "intend to", and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties, and actual results may differ materially from those expressed in any forward-looking statement. Such risks and uncertainties include, but are not limited to, the ability of Vinoble to complete the proposed acquisition(s), the results of Vinoble's due diligence review of the candidate(s), the success of the business of the acquisition candidate(s), including the ability of Vinoble to continue to sell the applicable products and the acceptance of those newly designed products by the market, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.