IDO Security Inc. (OTCBB: IDOI) developer of the innovative MagShoe™ shoe scanning device (SSD), today announced that the Company has completed the sale and supply of MagShoe 3G series systems for installation in Baku Heydar Aliyev International Airport and other commercial airports throughout Azerbaijan by the Aviation Security Department of the Azerbaijan Airport Authority.
This is the Company's largest order year to date, a follow on from the installation of the M100 series of the MagShoein 2004 in Azerbaijan, which are still being used today. Azerbaijan is the largest country in the Caucasus region of Eurasia and the Company and its local partner, Askon AZ Group, have already received serious inquiries from various official authorities in neighboring countries.
The order included both MagShoe 3G/4 and MagShoe 3G/2 units, which demonstrates the versatility of the MagShoe system in answering the need for different security requirements. The MagShoe 3G/2 units are usually used for staff checkpoints, while passenger checkpoints require a testing regime which best suits the capabilities of the MagShoe3G/4.
Security official of Baku Heydar Aliyev International Airport, Mr. Alim Kasimov commented, "We have been using the MagShoe for several years now and it has become an important part of the security procedure. The MagShoe is very helpful speeding up the screening process as passengers do not need to take off their shoes. With the new generation MagShoe models available, we will now have MagShoes installed at all gates of the airport and the new terminal."
Dani Werber, VP of International Sales for IDO Security remarked, "The fact that all commercial airports in Azerbaijan will now be equipped with multiple MagShoe systems provides momentum for wider penetration throughout the whole Central Asian region. Our collaboration with Askon AZ Group, that has a proven track record in providing security equipment for transportation hubs, border control and other HLS venues, will enable us to gain a significant foothold in this part of the world."
Mr. Nazim Agamaliev, President of Askon AZ Group commented, "We are very happy to cooperate with IDO Security in marketing the MagShoe in Central Asia. We believe that the high technology of the new generation MagShoe was a significant factor in convincing the Azerbaijan Airport Authority to place their order and we believe that additional aviation authorities surrounding the region will soon follow with orders of several units themselves."
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). MagShoe fills 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. The MagShoe is 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 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, 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, 2010, 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.
IDO Security Inc.
Christopher Cox, (347) 855-5869
Mike Elliott, (813) 421-1701