Intellicheck Mobilisa, Inc. (NYSE MKT: IDN) serves dozens of
Fortune 500 companies with innovative, proprietary technology that enables its
customers to enhance the awareness and safety of their facilities and people,
improve customer service and increase operational efficiencies. Headquartered
in Jericho, New York, Intellicheck currently leverages an IP portfolio including
more than 20 patents to offer threat identification, identity authentication,
verification and validation systems to a diverse set of markets, including
retail, hospitality, law enforcement, defense and transportation. In recent
months, the company has remained at the forefront of the security market
through a consistent dedication to innovation. In May, Intellicheck announced
the release of its latest product, Retail ID Mobile™.
Retail ID Mobile is a groundbreaking mobile platform that
provides retailers with the capability to prevent fraudulent retail
transactions while simultaneously delivering a warmer, more personal customer
experience without the need to integrate with existing point-of-sale
infrastructure. Following the launch of the platform, Intellicheck announced
that it will be installing Retail ID Mobile at two prestigious department store
chains, offering as much as $450,000 in annual licensing revenues and
bolstering Intellicheck’s financial performance.
“We have been working closely with our clients to define and
develop new approaches to fraud prevention that also support a warmer, more
personal customer experience,” Dr. William Roof, chief executive officer of
Intellicheck, stated in a news release. “Many retailers have begun deploying
their retail IT systems on mobile devices, such as tablets and smartphones. We
identified a clear path to supporting their new mobility requirements, while,
at the same time, supporting our clients’ desire to avoid the cost and time
associated with retail point-of-sale systems integration.”
Earlier this week, Intellicheck reaffirmed its commitment to
innovation when it announced reception of a new patent that’s expected to have
far-reaching impact across both government and commercial markets. The newest
addition to the company’s IP portfolio governs the two-factor fingerprint
biometric identity process, which authenticates an identity card with embedded
fingerprint biometric information and the live biometric information of a
person presenting the card. In addition to strengthening Intellicheck’s
position in the rapidly expanding $25 billion fingerprint biometric
marketplace, the new patent has sweeping implications, because it covers the
process at the center of the leading biometric fingerprint technology that
assures compliance with The Federal Information Processing Standard, which is
the underlying standard for the Transportation Worker Identification
Credential, the Personal Identity Verification Credential and several other
U.S. government identification methods.
“We believe the issuance of this patent firmly positions us
in a leading role in the fingerprint biometric identity authentication
industry,” added Roof.
Following the introduction of Retail ID Mobile and the
reception of its newest patent, Intellicheck is in a strong strategic position
to achieve profitability in the coming months while supporting sustainable
long-term growth. Leaning on a sizable IP portfolio and a growing presence in
key markets across the country, the company’s management team is confident in
Intellicheck’s ability to deliver industry-leading products and services that
will “enhance market appeal and drive shareholder value.”
For more information, visit www.intellicheck.com
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