Suspect Detection Systems Signs Marketing and Distribution Agreement in Japan With Minami Holdings
NEW YORK, July 16, 2010 /PRNewswire-FirstCall/ -- Suspect Detection Systems Inc., (SDSS.OB and SVF.BE), announced today that the company's subsidiary Suspect Detection Systems Ltd., a developer of counter terror and crime prevention technology, has signed an exclusive marketing agreement with Minami Holdings in Japan.
As part of the agreement, Minami Holdings will invest efforts to market Suspect Detection System's proprietary Cogito rapid interrogation system. Furthermore, they will setup a dedicated Cogito marketing team that will receive training on the methodology and implementation of the technology by Suspect Detection Systems Ltd. in Israel.
Cogito is an automated interrogation system used to detect the hostile intent of suspected criminals and terrorists before they commit their intended acts. The system can also be utilized to aid in solving crimes that have already been committed.
The system is currently being utilized by law enforcement agencies in multiple countries including the United States, Mexico, India and Israel.
Minami Holdings (http://www.mainami-ks.co.jp/group.htm) is a Japanese trading company that has extensive commercial relationships with Japanese law enforcement authorities. Minami Holdings also has significant experience representing Israeli-based homeland security technologies in the Japanese market.
"We firmly believe in the capability of Cogito technology to aid in solving and preventing criminal or terrorist activity in Japan," stated Mr. Minami, CEO of Minami Holdings. "We are excited about the potential of this product to make a significant commercial impact and we are willing to invest monetary resources as necessary to ensure the success of Cogito within the homeland security market."
"We are pleased to widen Cogito's international presence with the initiation of marketing efforts in Japan together with Minami Holdings," stated Gil Boosidan, CEO of Suspect Detection Systems Inc. "We are impressed with the awareness of technology's role in homeland security and crime prevention displayed in Japan. We are confident that our products and methodology will further enhance the ability of Japanese law enforcement to prevent criminal and terrorist activity."
"Japan is an ideal market for Cogito technology," added Boosidan. Japanese law enforcement focuses many of its resources on prevention of crime and suspect apprehension (see Wikipedia's entry on criminal justice in Japan: http://tinyurl.com/crime-japan). We are confident that Cogito technology can play a useful role in further preventing crime and terror."
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.
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SOURCE Suspect Detection Systems