Versus Technology, Inc. ("Versus" or the "Company") and its wholly owned subsidiary, Olmsted Engineering Co. ("Olmsted") operate in two business segments: location data collection, utilization, and processing (frequently referred to as Infrared (IR) or Infrared/Radio Frequency (IR/RF)); and software engineering for the tool and die market. Versus' operations are located in one facility in Traverse City, Michigan.

Versus' core technology makes locating and call systems more precise, security systems more intelligent, data collection routines automatic, and asset management systems more efficient. Versus' systems, which are currently installed in hospitals, corporate...