Suspect Detection Systems Sells Cogito Technology to Private Security Firm in Major World Nation
NEW YORK, November 5, 2012 /PRNewswire/ --
Suspect Detection Systems Inc., (OTCBB: SDSS), a developer of counter terror and crime prevention technology, announced today that the company has sold multiple units of the Cogito automated interrogation system to a private sector security firm in one of the world's largest nations.
The sale was completed in the same nation in which Cogito technology is currently being certified for use by federal law enforcement. The marketing and distribution company responsible for introducing Cogito to the private sector security industry is not the same defense contractor working to certify Cogito for use by law enforcement agencies.
According to the representing agent responsible for commercial private sector sales, the purchasing firm has significant clients including the nation's largest energy company. Cogito will be used to interrogate employees including management in ongoing efforts to prevent and solve cases of industrial espionage.
Suspect Detection Systems has already received the first payment for the Cogito Units.
"The sale proves once again that Cogito can be used to identify individuals with the distinct intent to cause, whether those individuals are known criminals or trusted staff members," said Gil Boosidan, CEO of Suspect Detection Systems Inc. "I am hopeful that the usage of Cogito technology by a major private sector security firm can aid in the full certification of Cogito technology for national security as well."
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