IDO Security Wins Austrian Tender and Supplies Multiple MagShoe Units to Vienna International Airport
07 Agosto 2012 - 3:10PM
Marketwired
IDO Security Inc. (OTCBB: IDOI), developer of the innovative
MagShoe™ shoe scanning device (SSD), today announced that following
its successful participation in a competitive tender of the
Austrian Airports Authority, it has won the tender for multiple
units of the MagShoe and has installed the units in the Vienna
International Airport.
Vienna International Airport is an important hub recognized in
worldwide air traffic as the primary airport for Central Europe.
Vienna Airport was the point of arrival or departure for some 21.1
million passengers in 2011 with flights to more than 240
destinations, of which 40 are located in Eastern Europe.
Dani Werber, IDO Security's International Sales Manager,
commented, "We are very pleased to have won this tender together
with our local partner, EAS Envimet m. b. H. in one of our key
target markets. This installation comes after a long period in
which the MagShoe was tested and evaluated by the Authorities so
the positive results are a great boost of confidence in our
technology and the operative advantages it offers an airport as
busy as Vienna Airport. We are capitalizing on our positive
momentum from a great first half of the year, and making an
aggressive marketing campaign now across four continents, through
pilot programs, participation in trade shows and by enlisting new
distributors to further extend our global sales network."
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), filling 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; 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, correctional facilities, mints and more.
For more information on the Company, please visit:
http://www.idosecurityinc.com
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, our expectations
regarding our expenses and revenue, 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, 2011, 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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COMPANY CONTACT: Christopher Cox 347-855-5869 Email Contact
Media Relations Mike Elliott 813-421-1701 Email Contact
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