ICOP Digital Inc. (fka ICOPQ)

[~BC~]

3/18/10 - ICOP Digital Reports 2009 Year End Results
Investor Teleconference and Webcast to Begin at 4:15 PM ET Today
LENEXA, KS -- (MARKET WIRE) -- 03/18/2010 -- ICOP Digital, Inc. (NASDAQ: ICOP), an industry-leading company engaged in advanced mobile video technology solutions, today announced financial and operational results for the three and 12 months ended December 31, 2009.

Key Operational Highlights

ICOP experienced three consecutive quarters of increased revenues in the last three quarters of 2009.

Availability of early stimulus funds for the purchase of law enforcement equipment has begun to flow to agencies, and is expected to increase based on federally allocated funding.

81% of all purchase orders processed during the year represented re-orders from existing customers engaged in fleet deployments of the ICOP Model 20/20-W. This compared to 61% in 2008. Based on the estimated number of current customer patrol cars yet to be equipped with the Company's digital surveillance solution, potential future sales to the Company's existing customer base is an estimated $100 million.

ICOP responded to 45 Requests for Proposals (RFPs) during 2009; of the contracts awarded to date, ICOP has achieved a 47% closing ratio.

In March of 2009, ICOP announced that it had been awarded a contract to equip vehicles for the Ministry of Interior in Saudi Arabia, with the ICOP Model 20/20-W; ICOP shipped 100 units in support of this pilot deployment project, and integrated servers into five Ministry of Interior headquarters offices and 15 precincts across Riyadh, establishing the platform to support the installation of additional ICOP units. This deployment has proven to be highly successful, and follow-on orders are anticipated in the near future.

In July 2009, the Company entered into an agreement with JPS Communications Inc., a wholly owned subsidiary of Raytheon Company ("Raytheon"). This five year agreement enables Raytheon to co-brand and market ICOP's mobile video solutions to all of their existing markets, including public safety, fire/EMS, transportation and military customers worldwide. ICOP announced the sale of their first units through this partnership in September 2009 to a strategic location for the U.S. Army in Camp Zama, Japan. Many subsequent orders have been received from Raytheon. Raytheon and ICOP are working together on several large potential projects at this time.

The Company announced a sale to the Highway Patrol in the State of Querétaro, in Mexico. The Company foresees significant growth in sales to Mexico, in addition to other key global markets for 2010.

On March 16, 2010, ICOP was issued patent number US 7,680,947 B2 by the U.S. Patent and Trademark office for a technology used in ICOP LIVE™. This is an important differentiating technology as it provides the delivery of real-time situational awareness to an unlimited numbers of simultaneous first responders.

ICOP 20/20 VISION, a mobile video solution which is managed through the vehicle laptop, was successfully launched in 2009, which was developed in response to market demand from large cities and counties. The product has been well received by the law enforcement community.

Also in 2009, the Company released an 802.11n wireless upload solution, which provides upload speeds up to four times faster than the older industry-standard 802.11g technology.

The Company filed a $25 million shelf registration statement on Form S-3 with the Securities and Exchange Commission (SEC) on October 16, 2009, which was approved by the SEC on October 23, 2009. The Company has the option of selling securities off this shelf registration statement for three years, but is not required to sell any securities at any time in that three year period. On February 3, 2010, ICOP completed a registered direct offering of 3.5 million shares of our common stock, raising gross proceeds of approximately $1.34 Million, before placement agent's fees and other offering expenses.

more at:


http://www.easyir.com/easyir/prssrel.do?easyirid=C2659141656D9C96&version=live&prid=597423