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IDO Security Granted Second Patent and First Patent in Israel
Monday, December 14, 2009
Tel Aviv, Israel -- IDO Security, Inc. (OTCBB: IDOI), developer of the innovative MagShoe™ "shoes-on" weapons metal detection system, announced today that the company has been granted its first patent in Israel.
In an effort to further protect its cutting edge technology, IDO Security has been granted its first patent in Israel. This is the second patent protecting its proprietary shoes-on metals weapons detection technology. This patent follows its initial patent granted in the United States.
"We are delighted to have received allowance of our patent from Israel and we intend to continue to develop technologies worthy of additional patents that will protect our products wherever they may be deployed," stated Michael Goldberg, President of IDO Security.
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. 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 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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