IDO Security Completes Sale of Multiple MagShoeTM 3G Units to Airport Authority of Republic of Azerbaijan for Installation in...
19 Marzo 2012 - 2:00AM
Business Wire
IDO Security Inc. (OTCBB: IDOI) developer of the innovative
MagShoe™ shoe scanning device (SSD), today announced that the
Company has completed the sale and supply of MagShoe 3G series
systems for installation in Baku Heydar Aliyev International
Airport and other commercial airports throughout Azerbaijan by the
Aviation Security Department of the Azerbaijan Airport
Authority.
This is the Company’s largest order year to date, a follow on
from the installation of the M100 series of the MagShoe in 2004 in
Azerbaijan, which are still being used today. Azerbaijan is the
largest country in the Caucasus region of Eurasia and the Company
and its local partner, Askon AZ Group,
have already received serious inquiries from various official
authorities in neighboring countries.
The order included both MagShoe 3G/4 and MagShoe 3G/2 units,
which demonstrates the versatility of the MagShoe system in
answering the need for different security requirements. The MagShoe
3G/2 units are usually used for staff checkpoints, while passenger
checkpoints require a testing regime which best suits the
capabilities of the MagShoe 3G/4.
Security official of Baku Heydar Aliyev International Airport,
Mr. Alim Kasimov commented, "We have been using the MagShoe for
several years now and it has become an important part of the
security procedure. The MagShoe is very helpful speeding up the
screening process as passengers do not need to take off their
shoes. With the new generation MagShoe models available, we will
now have MagShoes installed at all gates of the airport and the new
terminal.”
Dani Werber, VP of International Sales for IDO Security
remarked, “The fact that all commercial airports in Azerbaijan will
now be equipped with multiple MagShoe systems provides momentum for
wider penetration throughout the whole Central Asian region. Our
collaboration with Askon AZ Group, that has a proven track record
in providing security equipment for transportation hubs, border
control and other HLS venues, will enable us to gain a significant
foothold in this part of the world.”
Mr. Nazim Agamaliev, President of Askon AZ Group commented, “We
are very happy to cooperate with IDO Security in marketing the
MagShoe in Central Asia. We believe that the high technology of the
new generation MagShoe was a significant factor in convincing the
Azerbaijan Airport Authority to place their order and we believe
that additional aviation authorities surrounding the region will
soon follow with orders of several units themselves.”
About IDO Security, Inc.
Headquartered in New York with a subsidiary in Israel, IDO
Security designs, develops and markets the patented MagShoe™ shoe
scanning device (SSD). MagShoe fills a critical void in today's
detectors by extending screening to the lower body and feet.
MagShoe's "shoes-on" design maximizes security, thoroughness and
accuracy while eliminating the need to remove shoes for increased
convenience and safety. The MagShoe is neither invasive nor harmful
to the body as some of the other screening devices currently used
in the marketplace. Ideal for security and loss prevention at
virtually any facility, MagShoe is currently in use worldwide at
international airports, cruise lines, government agencies and
more.
For more information on the Company, please visit:
http://www.idosecurityinc.com
Forward-Looking Statements:
This press release contains forward-looking statements that
involve substantial uncertainties and risks. These forward-looking
statements are based upon our current expectations, estimates and
projections about our business and our industry, and that reflect
our beliefs and assumptions based upon information available to us
at the date of this release. We caution readers that
forward-looking statements are predictions based upon our current
expectations about future events. These forward looking statements
are not guarantees of future performance and are subject to risks,
uncertainties and assumptions that are difficult to predict. Our
actual results, performance or achievements could differ materially
from those expressed as a result of a number of factors, including
but not limited to, anticipated trends and challenges in our
business and the markets in which we operate, the ultimate market
acceptance of our products, the sufficiency of existing capital
resources, our plans for future products and enhancements of
existing products, the ability to secure additional sources of
financing, general economic conditions, the availability of
competing products and changes in technology, legislative or
regulatory changes that affect us and the risks and uncertainties
discussed under the heading "RISK FACTORS" in Item 1A of IDO's
Annual Report on Form 10-K for the year ended December 31, 2010,
and in our other filings with the Securities and Exchange
Commission at www.sec.gov. We undertake no obligation to revise or
update any forward-looking statement for any reason.
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