This is yesterdays news but really boils down the value of this company:
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Intellicheck Mobilisa's CEO Nelson Ludlow Interviewed on TheStreet.com
Companies:Intellicheck Mobilisa, Inc. Related Quotes
Symbol Price Change IDN 2.39 0.00
Press Release Source: Intellicheck Mobilisa, Inc. On Thursday December 31, 2009, 7:00 am EST
PORT TOWNSEND, Wash.--(BUSINESS WIRE)--CEO of Intellicheck Mobilisa, Inc. (NYSE Amex:IDN), Dr. Nelson Ludlow, was featured on TheStreet.com in an interview with Debra Borchardt called “Airlines Checking Out Intellicheck.”
During the course of the interview, Dr. Ludlow explains that the Defense ID device looks just like a bar code scanner common in most retail stores but “we have modified it to be able to read drivers’ licenses, passports and military IDs and to check if you’re on a ‘bad guy’ list and to do it very quickly.”
He pointed out that the military already uses it to protect Andrews Air Force Base, home of Air Force One, and West Point. In fact, some 80 federal locations utilize the scanner as part of their security measures. He mentioned that it is used at “Quantico, where the FBI Training Center is, and they just caught some bad guys using this system.”
With regard to airports, Dr. Ludlow points out that people already have to present an ID along with their boarding passes to embark. “Do something useful, actually scan the ID and check if you’re on a bad guy list, and we can do a much better job.” He also points out, rather than checking against a single list, Intellicheck Mobilisa’s scanner currently uses 140 different lists, and can handle up to 1,000 lists. The December 25 bomber was on a couple of lists but not on the “right” one. By matching against 140 lists, security actions become much more effective.
Moreover, the scanner has commercial functionality and is in use at major retail stores for instant, secure credit card applications. The new credit card reforms coming in early 2010 will not affect this.
To watch the segment online please visit thestreet.com
About Intellicheck Mobilisa, Inc.
Intellicheck Mobilisa is a leading technology company, developing and marketing wireless technology and identity systems for various applications including: mobile and handheld wireless devices for the government, military and commercial markets. Products include the Defense ID system, an advanced ID card access control product currently protecting over 70 military and federal locations, and ID-Check, patented technology that instantly reads, analyzes, and verifies encoded data in magnetic stripes and barcodes on government-issue IDs from U.S. and Canadian jurisdictions for the financial, hospitality and retail markets. |
