Know Labs, Inc. (f/k/a Visualant, Incorporated). is a technology company focused primarily on the development of a proprietary technologies which are capable of uniquely identifying and authenticating almost any substance using electromagnetic energy to create, record and detect the unique digital 'signature' of the substance. We call this our technology Bio-RFID and ChromaID. We have pursued an aggressive intellectual property strategy and have been granted twelve patents. We also have 18 patents pending. We possess all right, title and interest to the issued patents. Ten of the pending patents are licensed exclusively to us in perpetuity by our strategic partner, Intellectual Ventures through its subsidiary Allied Inventors. In 2010, we acquired TransTech Systems, Inc. as an adjunct to our business. TransTech is a distributor of products for employee and personnel identification. TransTech currently provides substantially all of our revenues. Our primary focus, however, is on the development and marketing both directly and through license agreements with third parties, products utilizing our Bio-RFID and ChromaID technologies.