NEW YORK, Aug. 5, 2013 /PRNewswire/ -- Suspect Detection Systems Inc., (OTCBB: SDSS), a developer of highly-sophisticated counter-terror and crime prevention technology, announced today that the Company has signed a distribution agreement with the largest defense technology contractor in a Latin American country that serves as a major international tourist destination, receiving its initial purchase order.
The distribution agreement is part of Suspect Detection System's continuing business development efforts to penetrate the lucrative Latin American security markets by serving law enforcement agencies as well as private-sector commercial entities. Suspect Detection System's proprietary Cogito Technology is already being successfully being utilized in several Latin American nations.
"We are extremely pleased with our new distribution agreement with the major defense contractor, which we believe will lead to significant additional revenues," said Gil Boosidan, CEO of Suspect Detection Systems Inc. "We continue to develop new markets for our technology as we continue to increase our presence in Central and South America. Our customers throughout Latin America have expressed immense satisfaction with our technology and its proven ability in enhancing their efforts to prevent terrorism and criminal activity."
About Suspect Detection Systems
Suspect Detection Systems Inc., through its subsidiary Suspect Detection Systems Ltd., is a developer of proprietary counter terrorism and crime prevention technology designed to identify threats in real-time, and prevent incidents before they are carried out. The technology detects the hidden "hostile intent" of assailants — before they commit their intended acts — with a high degree of accuracy. The system can also be used after a crime is committed to quickly identify criminals from among a general population pool, including suspects.
Learn more about Suspect Detection Systems and Cogito Technology at www.sdss-corp.com.
This letter contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or future performance of Suspect Detection Systems and its technologies. Readers are cautioned not to place undue reliance on these statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release, as actual results may differ materially from those indicated in the forward-looking statements. Suspect Detection Systems' public filings may be viewed at www.sec.gov.
SOURCE Suspect Detection Systems