BSIO recently announced delivery of additional systems to the Department of Homeland Security (DHS) under a pilot program. Jack Harper, President of BSIO, said that if selected as the card system of choice by the DHS forvolume roll-out, revenues would reach $7,000,000
BSIO manufactures hardware and software applications for Homeland Security. Their Sigaba 2000 optical ID card system allows data from "Green Cards" issued by the Department of Homeland Security (DHS) to be authenticated, verified, data read, and changed.
The market worldwide for secure personal identification is in the "Billions of Dollars".
International application for BSIO's Technology is underway!
BSIO announced Tuesday a joint venture with partner companies in South Africa.
The BSI2000'S transact 2000 system allows sophisticated bank transactions to disadvantaged private member organizations.
This pilot program has huge potential. The initial 1000 card order is shadowed by the potential to supply all 2 Million members and is eclipsed by the total market of 35 Million South African un-banked membership group population.
OUR VIEW: Unless you've been asleep all year, you know technology stocks have driven the NASDAQ to a 40%+ gain so far this year. Is the ride over? Not with institutions pouring millions of dollars daily into the market. The next could be BSIO. Combine the hot Homeland Security market and needed proprietary technology with BSIO's International presence, limitless applications, huge market potential for pilot programs already in place with key players, and one would think BSIO could at the very least break its 52 week high of $1.30.
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