Suspect Detection Systems Enters Distribution Agreement with Defense Contractor in Major World Capital
NEW YORK, August 21, 2012 /PRNewswire/ --
Suspect Detection Systems Inc., (OTCBB: SDSS), a developer of counter terror and crime prevention technology, announced today that the company has entered into a marketing and distribution agreement with large defense contractors, based in the capital city of a major world power.
The agreement was signed following the successful pilot of Cogito's multi-layered terror prevention system for law enforcement agencies, as previously reported, at the largest railway terminal in the nation's capital. The defense contractor played a critical role in initiating and coordinating the pilot.
Entering into a formal distribution agreement with an accredited defense contractor is requirement for signing a contract with state law enforcement agencies. As previously reported, Suspect Detection Systems has started negotiations with an agency interested in integrating Cogito at similar terminals the across the country.
"Penetrating commercial markets in this country depends on having a distribution agreement in place with a leading integrator of security systems. Suspect Detection Systems is now working together with such a contractor," said Gil Boosidan, CEO of Suspect Detection Systems Inc. "This agreement is yet another milestone for Suspect Detection Systems toward the full implementation of Cogito technology at major terminals and national points of entry in one of the largest countries in the world."
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 http://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 http://www.sec.gov.
SOURCE Suspect Detection Systems