Wednesday, May 26, 2010

Suspect Detection Systems Ltd. (SDSS.OB) is “One to Watch”

Suspect Detection Systems Inc., via their subsidiary Suspect Detection Systems Ltd., is a developer of proprietary counter terror and crime prevention technology. The design of this technology is to identify threats in real-time, and prevent incidents before they are carried out. The company’s product line, the “COGITO”, is an aid to thwarting security threats.

The Company develops their advanced technologies based on extensive intelligence and counter-terrorism expertise accumulated in Israel and other countries worldwide. Former senior officials of Israeli security and experienced senior experts of the high-tech industry founded Suspect Detection Systems Ltd.

Suspect Detection Systems Ltd.’s “COGITO1002″ is a tool that helps law enforcement agencies in their war against international terrorism. It relies on unique and proprietary technology designed to identify malicious intent at border control and other checkpoints. The “COGITO1002″ is an automated kiosk-like station that enables the profiling and screening of passengers based on biofeedback indications.

The Company also has their COGITO1003. It is a stationary “Internal Threat”, pre-employment, and employee integrity screening system. It is also a fully automated system and requires no involvement of professional interrogators or interviewers.

In addition, they also have their COGITO4M. This is a military grade product for the Field Intelligence of Military, Police, and Law Enforcement units. U.S. Governmental Agencies and Israeli Security Agencies have successfully tested this technology. Commercial and governmental customers in Israel, The United States, Central America, and South Africa are using this product.

The COGITO4M system enables military units to efficiently interrogate a hostile or indifferent civil population. Using the COGITO4M enables military units that might have no knowledge of the local language to identify who among the civilians is a wanted terrorist and where there might be a nearby ambush or mine trap.

The Company designed their COGITO Back-Office to manage and control all the test stations in a given site, nationwide operation, or international global operation. It serves as the central unit that stores all test histories, examinees profiles, and biometrics. It is responsible for system administration, data distribution, and interfacing to external systems and databases.

Suspect Detection Systems Ltd.’s mission is to assist law enforcement agencies worldwide in their war against local and international sophisticated organized crime and terrorism. They work to provide innovative solutions deployable today by those who require them most.

Earlier this month, Suspect Detection Systems Inc., announced that they won their recent bid to sell additional Cogito™ rapid interrogation units to a federal agency in India. They received awarding of the bid in February. The technology sold and delivered in April through their subsidiary Suspect Detection Systems Ltd.

On May 18, 2010, Suspect Detection Systems Inc. reported financials for Q1 of the 2010 fiscal year. Highlights of the financial reports include revenues of $620,199 in Q1 2010, versus $168,892 revenues in Q1 2009. Gross profits for the Company were $581,860.

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