“About the size of a grain of rice, VeriChip(TM) is the world’s first subdermal, radio frequency identification (RFID) microchip that can be used in a variety of security, financial, emergency identification and other applications.
Under the terms of the new distribution agreement for Brazil, the initial order consists of more than 800 VeriChips and 24 proprietary scanners. The five-year distribution agreement for Brazil requires the distributor to meet annual minimum purchase requirements in order to maintain exclusive distribution rights in that country. Over the five years covered by this agreement, the minimum purchase requirement is 75,000 VeriChips and 3800 proprietary scanners.”
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