Markets

U.S. open in 58 hrs, 29 mins
10,309.92
-154.48
 
1.48%
2,138.44
-37.61
 
1.73%
1,091.49
-19.14
 
1.72%
101.406
0.5625
 
0.56%
5,245.73
51.60
 
0.99%
9,081.52
-301.72
 
3.22%
21,134.50
-1,075.91
 
4.84%
-0.0023
 
0.15%
-0.86
 
1.00%
1,177.80
-9.20
 
0.78%
75.97
-1.99
 
2.55%
Get Free Stock Chart for:

Intellicheck Mobilisa CEO Comments on Homeland Security’s #1 Discretionary Spending Item and Vulnerability in an Interview with TheStreet.com

Business Wire
posted: 36 DAYS 16 HOURS AGO

Dr. Nelson Ludlow, Chief Executive Officer of Intellicheck Mobilisa, Inc. (NYSE Amex:IDN), a global leader in access control and wireless security systems, was recently interviewed by TheStreet.com’s Gregg Greenberg for his daily podcast, “The Real Story.” The podcast, dated October 13, 2009, is titled “Small Cap Tech, Refiners and Security.” It highlighted the company’s retail, commercial and wireless product lines, recent $4.5M funding from the US Navy, and government spending on port security.

“Seaports, particularly, are probably the most vulnerable [type of site in the US],” said Dr. Ludlow during the podcast. “If you look at Homeland Security’s discretionary spending, they have more [of it] to use in those locations than anywhere else.”

Mr. Greenberg followed up by asking if the space is a good place to invest, and whether it is a ripe area for investors to start examining.

“Absolutely,” Dr. Ludlow responded. “That’s where we are spending our focus and attention; that’s why we got the additional funding …on [September 30th].” Referring to his company’s efforts to develop a multipurpose buoy system, he continued: “It only makes sense to have a dirty-bomb sensor on buoys. Don’t wait until that ship is already in your port; [it] should be checked out miles and miles out at sea.”

Elaborating on how the buoy technology works, Dr. Ludlow continued, “What we are doing with the Navy is innovative. We are taking buoys and putting high-speed wireless…and dirty bomb sensors [on them], and so, just like you would walk through a metal detector at an airport, you can check if a cargo ship has a bomb on board.”

The podcast on TheStreet.com is available at: http://www.thestreet.com:80/search/result.html?topicSearch=%22Nelson+Ludlow%22&omorig=header.

The interview with Dr. Ludlow starts at about the 26th minute of the podcast.

For more news and information on Intellicheck Mobilisa, please visit www.IRGnews.com/coi/IDN, where you can find the CEO’s video, a fact sheet on the company, investor presentations, and more.

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.

Safe Harbor Statement

Certain statements in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. When used in this press release, words such as “will,” “believe,” “expect,” “anticipate,” “encouraged,” and similar expressions, as they relate to the company or its management, as well as assumptions made by and information currently available to the company’s management, identify forward-looking statements. Actual results may differ materially from the information presented here. Additional information concerning forward-looking statements is contained under the heading of risk factors listed from time to time in the company’s filings with the SEC. We do not assume any obligation to update the forward-looking information.

Bookmark:

Headlines From AOL Money & Finance Partners

CNBC
The Big Money
Smart Money
Kiplinger.com
The street

Visit Money & Finance for stock quotes, the web's best online portfolio manager and the latest business & financial news. Find out about every aspect of personal finance and money management, from finding the best mortgage rates and preventing identity theft to making money, saving money and investing money.