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Adama Technologies (ADACD)

Adama Technologies (ADACD)
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Adama Technologies Corp. was incorporated in Delaware on September 19, 2007. On February 27, 2009, the Company changed its name from 1 Lane Technologies Corp. to Adama Technologies Corporation. The Company completed a public offering of common stock in the first half of 2008, raising aggregate gross proceeds of approximately $90,000. A development stage Company with an interest to create a unique wireless data platform to support minute by minute data transmissions. The business plan of the Company is to develop a commercial application of the design in a patent pending of a 'Security system for mobile vehicles, trucks and shipping containers' which is a device intended to provide security for mobile entities. It also intends to enhance the existing prototype, obtain approval of its patent application, and manufacture and market the product and/or seek third party entities interested in licensing the rights to manufacture and market the device. The Company's flagship product is a wireless data platform that supports minute by minute data transmissions. It is intended for use in three main applications: A reliable and cheap data service; a wide region data control relay; and a real-time, robust short message wireless service.
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