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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