IDO Security Completes Install of MagShoe 3G Units
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IDO Security Completes Install of MagShoe™ 3G Units in Fiumicino Airport in Rome, Italy
NEW YORK, NY&ndash
Marketwire -05/14/12)- IDO Security ($ IDOI 0.45 ↓-1.64% ) , Inc. (OTC.BB: IDOI) , developer of the innovative MagShoe™ shoe scanning device (SSD), today announced that the Company has completed an order of the MagShoe™ 3G, installing multiple units in the Leonardo da Vinci-Fiumicino Airport in Rome, Italy. The tender offer was issued by the Italian Aeroporto di Roma through the Company’s local partner, ALCA, to supply and install the MagShoe at the airport’s domestic and international gates.
Leonardo da Vinci-Fiumicino Airport is located in Fiumicino, just 16 miles southwest of Rome. It is Italy’s first and largest airport and Europe’s sixth busiest airport with over 38 million passengers traveling through the airport. The airport currently has four terminals for domestic, international and intercontinental flights.
“This is not the first time Fiumicino Airport has ordered and installed the MagShoe units as part of their routine security process. The first MagShoe units, models of the second generation, were installed in Fiumicino in 2007. This new order expresses a vote of confidence by the ADR in the MagShoe and its technology,” commented Aldo Lombardo, President of ALCA srl.
Avishai Rotshtain, Marketing Manager for IDO Security, also commented, “We are proud to continue to serve one of Europe’s most vital airports with the installation of the new MagShoe™ 3G series. With the recent security breaches from the assassination attempt on the governor of Kandahar, Afghanistan to the bomb plots against U.S.-bound jets, there is urgency for airports around the world to enhance their existing security equipment. We continue to see strong endorsements of our product from the EU as the MagShoe™ 3G offers to close the security gap in detection of threats in the shoes and lower extremities which can be easily integrated into existing security checkpoints.”
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, correctional facilities, mints and more.
For more information on the Company, please visit: http://www.idosecurityinc.com
Forward-Looking Statements:
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, 2011, 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.
COMPANY CONTACT:
Investor Relations
Christopher Cox
347-855-5869
Media Relations
Mike Elliott
813-421-1701
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