TEL AVIV, ISRAEL, Nov 02, 2010 (MARKETWIRE via COMTEX) -- IDO Security, Inc. (OTCBB: IDOI), developer of the innovative MagShoe(TM) shoe scanning device (SSD), today announced that the Company will be supplying an initial order that was received for its new MagShoe(TM) 3G units from Spain. The MagShoe is slated to be installed at the new private Corvera Castellon Airport near Valencia, Spain.
"We are thrilled to receive our initial order for the new MagShoe(TM) 3G from our agent in Spain, Proselec. They have also indicated additional orders to follow in the coming months once the initial units are in place and operating," stated Dani Werber, International Sales & Marketing Manager for IDO Security, Inc. "Spain is a strong believer in the safety and comfort of their country and its people and we believe IDO Security will be able to provide such measures for all that travel through the Castellon Airport."
"We continue to see strong interest within the aviation sector across the globe and as security threats remain high in airports, we believe other countries will begin to see the need to not only provide safety and security for the millions of passengers that travel to and from these countries, but also to provide a faster and more convenient method of passing through the airport security checkpoints," added Werber. "The MagShoe can easily be incorporated with existing screening devices that are already in airports and, unlike the recent concerns expressed over other screening technologies, the MagShoe is non-invasive nor harmful to the body."
The newly developed Castellon Airport will be capable of handling approximately 3 million passengers every year, with the ability to increase over time to 12 million passengers a year traveling to northern European countries. The MagShoe(TM) will speed up the security process at the airports' checkpoints. Passengers and airport staff will be spared the need of taking off their shoes for manual inspection, allowing a more comfortable and secure check-in process.
About Proselec Seguridad S.A.U.
Headquartered in Spain, Proselec specializes in the development of strategic defensive technology. For more than 40 years they have been manufacturing security systems and equipment for both governmental and private sectors. Since its foundation Proselec has worked meticulously in the field of governmental and civil security systems with products targeting a demanding market characterised by constant innovation with respect to safety and security.
About IDO Security
Headquartered in New York with a subsidiary in Israel, IDO Security designs, develops and markets the patented MagShoe(TM) weapons metal detection system. MagShoe(TM) fills a critical void in today's metal detectors by extending screening to the lower body and feet. MagShoe(TM)'s "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(TM) is currently in use at international airports, cruise lines, government agencies, private homes and more.
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 not 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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