Scottsdale, Arizona 5/20/2009 1:39:32 AM
News / Finance

Suspect Detection Systems Inc. (SDSS.OB) Announces Sale of Cogito Crime Prevention Technology in Guatemala

QualityStocks would like to highlight Suspect Detection Systems Inc. (OTCBB: SDSS). The company is a developer of proprietary counterterrorism and crime prevention technology designed to identify threats in real-time, and prevent incidents before they are carried out. The technology detects the hidden 'hostile intent' of assailants-before they commit their intended acts-with a remarkable degree of accuracy. The system can also be used after a crime was committed to quickly identify criminals from among a pool of suspects.

 

In the company’s news yesterday,

 

Suspect Detection Systems Inc. announced that it has installed the first Cogito(TM) system in Guatemala. The installation was completed for a leading human resources company specializing in client security. The company will use the technology for pre-employment screening, employee integrity checks, and fraud prevention.

 

Cogito, developed by Suspect Detection Systems’ subsidiary, is an automated interrogation system designed to detect the hostile intent of suspected criminals and terrorists. With a number of applications, the system is particularly useful for pre-employment and employee screening, fraud prevention, police interrogation, and military intelligence collection. Cogito can also be easily deployed to detect terrorists or smugglers at checkpoints and border crossings.

 

The Guatemalan company serves service specific customers at a leading commercial enterprise in Guatemala. Employees hired through the human resources company will now be screened using the proprietary Cogito Employment Screening Methodology (CESM). According to the press release, all employees will be submitted to random Cogito testing four times a year.

 

CESM is a proprietary methodology that provides employers with the ability to detect fraud, disloyal or hostile employees, as well as “moles” working for competing businesses or organized crime rings. CESM has been implemented within multiple organizations in several countries throughout the world, helping reduce the volume of hostile activities.

 

“We are excited for this first opportunity to demonstrate the value Cogito can offer the private sector with this sale in Guatemala,” stated Shabtai Shoval, CEO of SDS Ltd. “We are confident that the Cogito system will grant our customer’s businesses a more secure and trustworthy employment environment that will directly impact the bottom line of their profit and loss sheets.”

 

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.