Thursday, October 1, 2009

Intellicheck Mobilisa, Inc. (IDN) Receives Additional Funding for FAN Technology

Global leader in access control and wireless security systems, Intellicheck Mobilisa, Inc. announced today that it received a contract modification of additional funding for the company’s Floating Area Network (FAN) and Littoral Sensor Grid wireless security buoy technology from the U.S. Navy. The contract modification adds $4,483,398.

The company began testing the multi-purpose security buoy platform in 2008. The project, in collaboration with the U.S. Department of Defense and the University of Washington Applied Physics Lab, uses the company’s FAN technology to improve waterside security.

The buoys employ a high-capacity communications network grid for real-time monitoring of marine environments; they can include sensors for both environmental and homeland security purposes, including Water Quality, Oil Spill detection and Dirty Bomb detection.

Dr. Nelson Ludlow, CEO of Intellicheck Mobilisa, commented, “The Wireless Security Buoys project has been recognized by the Department of Defense as a vital source for waterway and port security and environmental monitoring. This additional funding allows us to continue building on our already proven technology, and to expand our research and development efforts.”

Wireless Programs Manager, Jim Rabb, added, “We currently have security buoys deployed in the North Puget Sound area. This additional funding will increase the number of buoys deployed, and particularly allow us to develop additional security monitoring tools such as a dirty bomb sensors. The US Government recognizes our program as important to port security.”

For more information on Intellicheck Mobilisa and its products, please visit www.icmobil.com. The website offers the CEO’s video, a fact sheet on the company, investor presentations, and more.

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