SDSS MONSTA CONTRACT NEWZZZ/Signs Contract for its
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[b]SDSS >>MONSTA CONTRACT NEWZZZ/Signs Contract for its Cogito Anti-Crime System with Large Commercial Conglomerate in India
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NEW YORK, June 17, 2013 /PRNewswire/ --
Suspect Detection Systems Inc., (SDSS), a developer of counter terror and crime prevention technology, announced today that the Company has expanded its presence in India by signing a contract with one of India's large commercial conglomerates, providing further evidence of Suspect Detection Systems' growing presence in India.
As previously reported, the Company's Cogito automated anti-terror and anti-crime technology is being utilized by law enforcement agencies throughout India as a significant tool for both solving and preventing criminal activity and acts of terror.
The sophisticated methodology behind the Company's Cogito system and the dynamic implementation of the Cogito technology are presently being taught in India's leading forensics university and has resulted in enhanced exposure of Cogito, which has now translated into a contract in India's commercial sector. The contract has yielded immediate revenues that will be realized during Q2 2013.
Gil Boosidan, Suspect Detection Systems' CEO, stated that "Cogito is now being used in India's governmental, academic and private sectors. We are extremely pleased that our extensive efforts have enabled us to penetrate all sectors of India's rapidly growing markets which we believe will translate to significant commercial success during the remainder of 2013 and thereafter. We are hopeful that the signing of the present contract should lead to additional contracts in the private sector, among others in India, in the near future."
About Suspect Detection Systems
Suspect Detection Systems Inc., through its subsidiary Suspect Detection Systems Ltd., is a developer of proprietary counter terrorism and crime prevention technology designed to identify threats in real-time, and prevent incidents before they are carried out. The technology detects the hidden "hostile intent" of assailants - before they commit their intended acts - with a high degree of accuracy. The system can also be used after a crime is committed to quickly identify criminals from among a general population pool, including suspects.
Learn more about Suspect Detection Systems and Cogito Technology at http://www.sdss-corp.com.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or future performance of Suspect Detection Systems and its technologies. Readers are cautioned not to place undue reliance on these statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release, as actual results may differ materially from those indicated in the forward-looking statements. Suspect Detection Systems' public filings may be viewed at http://www.sec.gov.
Contact:
Investor Relations
alext@sdss-corp.com
+1(646)863-9729
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