Compensated Awareness Post View
Disclaimer
Intellicheck Mobilisa, Inc. (IDN) Reiterates Commitment to Innovation through Release of Retail ID Mobile™ and IP Portfolio Expansion
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
