Suspect Detection Systems Sells Cogito Interrogation Units to Private Enterprise in Central America
Systems Inc., (OTCBB:SDSS and SVF.BE), announced today that the company’s
subsidiary Suspect Detection Systems Ltd., a developer of counter terror and
crime prevention technology, has sold multiple units of the Cogito rapid
interrogation system to a human resource company operating in
and
The customer is an investigative enterprise that was recently established
to provide clients with Cogito based services. Cogito technology will be used
by the customer to conduct pre-employment applicant screenings, internal
threat and loss prevention screenings, as well as corporate internal
investigations. This new enterprise is the sister company of a long-standing
human resource company active throughout
The Cogito automated system is able to quickly expose the hostile intent
of potential employees who may be connected to crime organizations, or have a
history of criminal activity.
A six-digit down payment has been advanced to the company for delivery of
the system units. In addition, the sale features a revenue sharing model
whereby Suspect Detection Systems and the private enterprise will divide
income from each individual applicant screening.
The transaction is the first multiple unit sale to a private enterprise
operating in
same entity. Cogito is already being utilized by federal law enforcement
agents in various Latin American countries including
“Cogito technology is once again proving that is valuable not only to
federal law enforcement agencies, but also to the private sector,” stated Gil
Boosidan, CEO of Suspect Detection Systems Inc. “We believe that Cogito will
prove particularly effective in preventing crime in
criminal activity in the workplace often takes place.”
The United Nations Office on Drugs and Crime reports that
is a region prone to organized crime, money laundering, drug trafficking and
corruption. Such criminal activity has had a negative impact on the region’s
economy. (View the UNODC report at http://tiny.cc/centralamerica.)
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.
Forward-Looking Statements
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.
Contact:
Alex Traiman, Media Relations
+1-646-863-9729
alext@sdss-corp.com
SOURCE Suspect Detection Systems