Suspect Detection Systems Inc. (SDSS) stock gains from new marketing alliance

Posted on: July 13th, 2011
Written by:
Glenn

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.

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