New 3G/4 Model Ordered by Distributors in Belgium, the Netherlands and the U.K.
"The new 3G/4 model of the MagShoe™, recently showcased at the 2010 SICUR International Security Safety Exhibition in Madrid, Spain, conforms to all detection requirements and provisions of the EU regarding Airport and Aviation Security. Together with the increased height detection, the new MagShoe™ has garnered a great deal of interest from European authorities," said Dani Werber, International Marketing Manager of IDO Security Ltd.
MagShoe™ addresses a key vulnerability in walkthrough metal detectors and other screening technologies. These technologies stop just above the ankles when scanning for concealed weapons. MagShoe™, a portable, user-friendly device, extends metal detection to include the lower extremities, now covers everything from eighteen inches to the bottoms of the feet -- without requiring passengers to remove their shoes, thanks to a patented "step-on" design.
"We are extremely pleased with the reception our 3G/4 model has received in the European security market," said Henry Shabat, Manager of IDO Security Ltd. "Based on the initial response from our client and distributor base, we fully expect to have further announcements regarding additional clients in the very near future."
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About IDO Security:
Headquartered in New York with a subsidiary in
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.
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