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News

Port security spending featured in Intellicheck Mobilisa interview

Intellicheck Mobilisa : 26 October, 2009  (Company News)
CEO of Intellicheck Mobilisa expands on US Government spending on wireless port security technology during podcast interview
Dr Nelson Ludlow, Chief Executive Officer of Intellicheck Mobilisa, a provider of access control and wireless security systems, was recently interviewed by TheStreet.com's Gregg Greenberg for his daily podcast, "The Real Story." The podcast, dated October 13, 2009, is titled "Small Cap Tech, Refiners and Security." It highlighted the company's retail, commercial and wireless product lines, recent $4.5M funding from the US Navy, and government spending on port security.

"Seaports, particularly, are probably the most vulnerable type of site in the US," said Dr Ludlow during the podcast. "If you look at Homeland Security's discretionary spending, they have more [of it] to use in those locations than anywhere else."

Mr Greenberg followed up by asking if the space is a good place to invest, and whether it is a ripe area for investors to start examining.

"Absolutely," Dr Ludlow responded. "That's where we are spending our focus and attention; that's why we got the additional funding …on [September 30th]." Referring to his company's efforts to develop a multipurpose buoy system, he continued: "It only makes sense to have a dirty-bomb sensor on buoys. Don't wait until that ship is already in your port; [it] should be checked out miles and miles out at sea."

Elaborating on how the buoy technology works, Dr Ludlow continued, "What we are doing with the Navy is innovative. We are taking buoys and putting high-speed wireless…and Dirty Bomb sensors [on them], and so, just like you would walk through a metal detector at an airport, you can check if a cargo ship has a bomb on board."

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