Profile: Current Technology Corporation (CRTCF.PK)
3 Sep 2014
Current Technology Corporation (Current Technology), incorporated on June 3, 1986, is focused on the development and distribution of electrotherapeutic products. Specifically the Company has focused on ElectroTrichoGenesis (ETG or ETG Treatment) and CosmeticTrichoGenesis (CTG or CTG Mark 5), and collectively referred to as TrichoGenesis. The Company has developed an electrotherapeutic device, which reduces excessive hair loss and is also focused to stimulate hair regrowth in those who suffer from androgenetic alopecia (common baldness). The Company completed the acquisition of Celevoke, Inc (Celevoke) on May 23, 2008.
Celevoke is a distributor of a global positioning system (GPS)-based asset tracking system developed by LunarEYE, Inc. (LunarEYE). The technology utilizes the integrated use of telecommunications and informatics to enable users to remotely monitor, track, control and protect a variety of asset classes, such as automobiles, and other motorized vehicles, shipping containers, covert vehicles used for law enforcement, and even people. This technology is referred to as Telematics.
The Company has granted distribution rights in the United States for the TrichoGenesis platform products to Hair Envy, LLC (Hair Envy), located in Carpinteria, California. TrichoGenesis platforms are operating in 13 countries around the world, including Canada, United States, Mexico, Argentina, Chile, Korea, Australia, New Zealand, Thailand, Poland, Cyprus, Turkey and Kuwait. During the year ended December 31, 2008, the Company focused primarily on developing and promoting the GPS-based, asset-tracking technology and products offered through Celevoke. As of December 31, 2008, Celevoke owned 51% of Star One Telematica S/A (Star One). Star One is engaged in developing and promoting asset tracking products and technologies in Brazil.
The Company competes with Merck Co. Inc., Pharmacia & Upjohn International and LoJack Corporation.
Current Technology Corporation
Suite 302, 850 West Hastings Str
VANCOUVER BC V6C 1E1