VerifyMe, Inc.

VerifyMe, Inc. is a logistics company specializing in time and temperature-sensitive products, alongside brand protection and enhancement solutions. The company operates two segments: Precision Logistics and Authentication. The Precision Logistics segment, which includes the operations of its subsidiary PeriShip Global LLC, accounts for nearly all of VerifyMe's revenue. This segment provides value-added services for sensitive parcel management using a proprietary software platform. This platform delivers predictive analytics based on key metrics like pre-shipment weather analysis, flight-tracking, sort volumes, and traffic, accessible to customers via a secure portal. The portal offers real-time visibility into shipment transit and last-mile events, supported by a service center. Precision Logistics focuses on optimizing delivery of time and temperature-sensitive perishable products, managing complex shipping logistics to prevent spoilage and delayed deliveries. It utilizes predictive analytics from multiple data sources, including flight-tracking, weather, traffic, major carrier feeds, and time of day data, to provide an end-to-end approach for critical service delivery. The proprietary IT platform offers real-time information and analysis to mitigate supply chain interruptions and provides last-mile resolution for markets such as perishable healthcare and food industries. The PeriTrack® customer dashboard provides an integrated tool for customers to view shipping activities and access critical supply chain information. Post-delivery services include customized reporting for trend analysis, system performance reports, and power outage maps. Precision Logistics generates revenue from two business service models, including ProActive Service, where clients pay VerifyMe directly for carrier service combined with proactive logistics assistance. Through its Authentication segment, VerifyMe's technologies help brand owners deter counterfeit and diversion activities.