Suspect Detection Systems Inc. (SDSS) stock gains from new marketing alliance
Posted on: July 13th, 2011Written by:
Suspect Detection Systems Inc. (OTCBB: SDSS) shares raced ahead 40% to 9.8 cents Wednesday, a day after striking a new marketing deal with Virginia’s Gans and Pugh Associates. Volume for the stock lagged its daily average of 65,608 shares, at only 19,000.
In a news release dated Tuesday, July 12, stated that under the terms of the agreement, Gans and Pugh Associates will market Cogito Technology within the United States, targeting the federal homeland security market.
The release quoted Suspect Detection CEO Gill Boosidan as saying, “Since our successful pilots of Cogito at Knoxville, Tenn., airport in 2006 and the Bergen County Prison in New Jersey in 2010, Suspect Detection Systems has been working to penetrate the American homeland security market, Gans and Pugh is a longstanding, reputable company that can assist us to achieve our goal to implementing Cogito technology across the country.”
Cogito, a portable system for suspect investigation, uses a combination of audiovisual elements, customized interrogation methods, and a unique set of advanced algorithms to analyze outputs of a potential suspect’s parasympathetic nervous system.
Suspect Detection Systems Inc., which has headquarters in New York, through its Israeli subsidiary Suspect Detection Systems Ltd., is a developer of proprietary counter-terrorism and anti-crime technology.
Security Devices International (SDEV) shares skyrocket on news of contract
Posted on: April 14th, 2011Written by:
Security Devices International Inc. (SDI) (OTCBB:SDEV) better than doubled its price Thursday afternoon, after signing a Letter of Intent (LOI) with a distributor representing an unnamed nation for its less-than-lethal ammunition.
The Washington, D.C.-based SDEV gained 114.3 percent from Wednesday’s close to 30 cents, still well below its 52-week peak of 92 cents set last June. Volume on Thursday topped 95,000 shares.
The Company and its customer will test and assess the SDI’s ammunition in the near future. This Letter of Intent represents the Company’s first step in entering the less-than-lethal marketplace.
Security Devices President and CEO, Gregory Sullivan commented, “We have been working with this Country for some time and we are pleased to offer our products to them in helping fulfill their 40mm less-than-lethal military needs”
SDI is currently in the advanced stages of deploying their patent pending family of products, consisting of; the Blunt Impact Projectile 40mm (BIP40), and the Wireless Electric Projectile 40mm (WEP40). The Market sectors for these products include; the military, army, navy, air force, peacekeeping, homeland security, and law enforcement professionals.
Sullivan concluded, “If we are able to complete this order of rounds, it will increase our profile domestically as well as internationally in the defense technology sector”.
StrikeForce Technologies (SFOR) rallies on news
Posted on: February 15th, 2011Written by:
Identity theft and data security solutions provider, StrikeForce Technologies, Inc. (OTCBB: SFOR) announced on Monday that the company signed an agreement with the Alexandria, Virginia-based Sovran Resources Group, which specializes in providing corporate services such as business development, channel management and sales to Federal, State and local governments.
According to StrikeForce’s CEO, Mark Kay, this agreement will help StrikeForce get in front of a “vast list of potential customers,” and channel and strategic partners.
Shares of StrikeForce have had two consecutive days of heavy volume, trading 7.8 million shares on Monday, and more than 5.5 million shares in late-day trading on Tuesday.
Sovran specializes in working with the telecommunications, security, information and logistics technology industries. The firm’s clients include national and international software and technology firms who are leaders in “mission-critical” technologies.
“Sovran’s management and consultants have developed solid relationships in the Federal and other government levels, specifically in the areas of national security, information systems and telecommunications, as well as the private sector including various well known government integrators for over 30 years,” says John Royall, Sovran Chairman & CEO in a statement. “We are proud to represent StrikeForce, primarily in the government sector, and excited about the technology solutions StrikeForce can contribute to our National Security through their security products, GuardedID®’s keystroke encryption and ProtectID®’s patented 2-factor and Out-of-Band Authentication.”
“We are looking for a financially successful and long term partnership with the Sovran Resources Group in 2011 and beyond,” Kay said in a statement.
PharmAthene, Inc. (AMEX: PIP) surges on rating upgrade, impending trial
Posted on: October 19th, 2010Written by:
Biodefense firm PharmAthene, Inc. (AMEX: PIP) shares have surged nearly 32 percent from Friday’s closing price after it was announced last week that investment-research firm WBB Securities upgraded its stock rating for PharmAthene to Strong Buy.
The rating upgrade was granted after the NYSE Amex LLC (NYSE Amex) stated last week that the Company made a reasonable demonstration of its ability to regain compliance with the NYSE Amex listing requirements and granted PharmAthene an extension until January 26, 2012 to demonstrate its compliance.
Contributing to the surging share prices, the United States government announced plans last week to spend up to $2.8 billion to strengthen its defenses against biological warfare. Anticipating a lucrative government contract to supply smallpox antiviral drugs, biodefense drugmaker SIGA Technologies, Inc. (Nasdaq: SIGA), is currently being sued by PharmAthene for terminating a merger agreement in October 2006. The trial, expected to begin January 2011, has analysts predicting a favorable outcome for PharmAthene, which would likely mean the company would be awarded a percentage of SIGA’s government contract. Roth Capital Partners analyst Joseph Pantginis said the contract has positive implications to PharmAthene that can now identify the exact measure of potential damages.
TheStreet.com’s James Altucher recently wrote that on the basis of this contract alone, Pharmathene would potentially make up to a billion dollars in cash earnings. “On this one catalyst I think PIP is potentially a $7 – $12 stock,” he stated in an article on October 15, 2010.
Another positive for PharmAthene is Valortim, the Company’s developmental stage anthrax vaccine which PharmAthene is positioning as a potential alternative to the existing vaccine EBS, that is administered to military personnel and individuals who work in high-risk environments. Anthrax is considered the Department of Defense’s No. 1 biological threat.
The US is required to have a stockpile of 75 million doses of vaccine. Right now, the only approved supplier of doses of vaccine is EBS, which has a long-approved first-generation vaccine that requires 5 doses over 18 months and costs $120 per dose.
According to Chief Executive Office, Eric Richman, PharmAthene’s second-generation vaccine requires 3 doses over 60 days and costs about $45 a dose. Government funding commitments exceeding $27 million have been awarded to-date for the advanced development of Valortim.
TeamStaff, Inc. (TSTF) shares rebound slightly on news of executive leadership changes
Posted on: September 23rd, 2010Written by:
TeamStaff, Inc. (Nasdaq: TSTF), reached 60 cents today after dipping to 54 cents at Friday’s close, after announcing this morning the appointment of Mr. John E. Kahn as Chief Financial Officer. TeamStaff, a leading logistics and healthcare services provider to the Federal Government and Department of Defense, conducted the executive search with the assistance of DHR International.
Bringing over 25 years of financial experience to the corporation, Mr. Kahn will be responsible for all elements of accounting and finance for the organization. Leading up to his appointment at TeamStaff, Mr. Kahn served as CFO of Financial Asset Management Systems, an American Capital backed government and business services group. Furthermore, Kahn has over a decade of experience as a CFO and extensive experience in publicly traded organizations. Mr. Kahn began his career with what is now BAE Systems, before joining a large public accounting firm.
Zach Parker, Chief Executive Officer of TeamStaff commented on Kahn’s appointment, stating, “We are delighted to welcome John to TeamStaff. With his appointment, we are in an even stronger position to deliver on our objective of becoming a nationally recognized leader with the Federal Government and DoD in the logistics and healthcare fields.”
Mr. Kahn holds leadership roles with several professional associations including Financial Executives International (FEI), the Association of Chartered Accountants in the United States (ACAUS) and the Association for Corporate Growth (ACG).
“John not only has a proven track record in corporate finance, growing businesses and managing complex capital structures, but he also has a depth of financial and operational experience in the government services and defense industries that will be invaluable in helping TeamStaff achieve its business objectives,” Parker concluded.
Applied DNA Sciences, Inc. (APDN) signs contract with Safe Solution AB
Posted on: February 18th, 2010Written by:
Applied DNA Sciences, Inc. (OTCBB: APDN), provider of DNA-based security solutions, today announced that the Company has entered a three-year contract with Sweden-based Safe Solutions AB, to market and sell SigNature DNA Forensic products and services to the Scandinavian market. This news marks yet another milestone for Applied DNA, which has enjoyed a 33 percent increase in share prices since the start of the new calendar year.
Leif Svensson, Chief Executive Office of Safe Solution AB, brings years of experience of cash-in-transit security, as former CEO of G4S Cash Services and as former Chief Security Officer at Swedish airports Arlanda and Bromma.
Commenting on the collaboration, Svensson stated, “Applied DNA Sciences has developed a fantastic concept, based on its unique botanical SigNature DNA, which will definitely hamper and prevent serious crime. Initially we are launching SigNature DNA in the cash and banking sectors but this is a security solution with large and multiple uses, such as for domestic protection, cargo protection and storage, which are important national concerns in Sweden”.
Safe Solution plans to introduce SigNature DNA products immediately in Sweden, while promoting Applied DNA’s technology, consisting of its unique botanical DNA taggant combined with its proprietary cash degradation dye, AzSure™. With the same technology, Safe Solution is planning to launch enterprise security and home protection products for end-consumers.
In recent years, Sweden has experienced increasingly frequent and violent crimes, and statistics from the European Security Transport Association (ESTA) show that Sweden ranks third with regard to the number of cash transport robberies in relation to population. Furthermore, Sweden accounts for one tenth of the total capital losses in cash transport robberies in Europe.
Applied DNA Sciences CEO, Dr. James Hayward believes this strategic partnership will provide a significant deterrent to such crimes, stating, “SigNature DNA has already proven its value in other European cash-in-transit markets where it has been used to assist the police in catching and prosecuting criminals, securing longer sentences than might otherwise have been possible.”
Hayward continued, “With this significant partnership and working in close collaboration with the National Police, we will be able to contribute to reducing cash-in-transit crimes and protecting the Scandinavian public from illicit crimes.”
