Health & Fitness
Health and Fitness
Health and Fitness
Tue, January 5, 2010
Mon, January 4, 2010 IDO Security Announces Successful Completion of 2nd Round Testing for New MagShoe(TM) Model
TEL AVIV, ISRAEL--(Marketwire - January 4, 2010) - IDO Security, Inc. (
The new upgraded models, scheduled to be launched in March 2010, have successfully completed the second round of tests that included field tests in a live environment. The field tests were conducted in Tel Aviv, Israel and Vienna, Austria and were completed successfully.
IDO Security CEO, Michael Goldberg, stated, "The recent bombing attempt on flight 253 to Detroit demonstrated the urgency in introducing the new models to the market. We have seen once again that Terrorists are focusing on the lower part of the body to conceal weapons and explosive devices and that in most cases some form of metal is present as a part of the explosive device, in this case a syringe which contained metal."
Mr. Goldberg further stated, "The new MagShoe models, with their multi-zone detection capabilities, have a much higher detection area to enable it to detect exactly in these 'problematic areas,' where detection is more difficult. We expect to have the first deployments of the new MagShoe models during the second half of 2010."
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About IDO Security:
Headquartered in New York with a subsidiary in Israel, IDO Security designs, develops and markets the patented, UL-certified MagShoe™ weapons metal detection system. MagShoe™ fills a critical void in today's metal detectors by extending screening to the lower body and feet. MagShoe's unique "shoes-on" design maximizes security, thoroughness and accuracy while eliminating the need to remove shoes for increased convenience and safety. Ideal for security and loss prevention at virtually any facility, MagShoe™ is currently in use at international airports, cruise lines, government agencies, prisons and more. Visit the IDO Security Website at [ 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 no limited to, the sufficiency of existing capital resources, uncertainties related to the development of IDO's business plan, the ability to secure additional sources of financing, general economic conditions, the availability of competing products and the ultimate market acceptance of our products, 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, 2008, and in our other filings with the Securities and Exchange Commission. We undertake no obligation to revise or update any forward-looking statement for any reason.
