PORT TOWNSEND, Wash.--(BUSINESS WIRE)--Intellicheck Mobilisa, Inc. (NYSE Amex:IDN), a global leader in access control and wireless security systems, announces that the U.S. Navy has renewed its contract for funding Intellicheck Mobilisa’s wireless security “Aegeus” buoy program. The contract provides the company approximately $3 million over a 12- to 18-month period for the buoy system.
With research and development funding for the program from the U.S. Navy since 2005, Intellicheck Mobilisa currently has seven buoys deployed in Puget Sound and one in the Potomac River. The buoy is a multipurpose system outfitted with environmental and security applications for our nation’s ports. It uses Intellicheck Mobilisa’s exclusive technology and serves as an antiterrorism asset for the Department of Homeland Security (DHS) through the detection of radiological dispersal devices (“dirty bombs”); a deployable asset for providing fleet support in ports; and an environmental asset through the testing for oil spills, pH, salinity levels and dissolved oxygen.
Steve Williams, Chief Executive Officer of Intellicheck Mobilisa, commented: “The U.S. Navy has long supported our buoy program, and this contract shows their commitment to what we have developed thus far. Security at our ports is a critical component for homeland defense, and our buoys provide a considerable amount of data to the U.S. Navy and DHS to protect us from environmental and enemy threats. The technology that we have developed for the buoy is world-class and we are working to transition the program from R&D to commercialization this year.”
About Intellicheck Mobilisa
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 sectors. Products include the Defense ID system, an advanced ID card access control product currently protecting over 80 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 sectors.
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.