Scottsdale, Arizona 6/30/2009 1:50:54 AM
News / Finance

Suspect Detection Systems Inc. (SDSS.OB) Announces Sale of Cogito Interrogation Technology to African Private Diamond Enterprise

QualityStocks would like to highlight Suspect Detection Systems Inc. (OTCBB: SDSS). Suspect Detection Systems is a developer of proprietary counter-terror 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.

 

In the company’s news today,

 

Suspect Detection Systems Inc. announced that it has sold a Cogito automated interrogation system to a commercial Diamond Mining Enterprise operating in Africa. The system will be used to screen for employees who may be involved in diamond theft.

 

To date, the system has been sold to multiple federal law enforcement and military agencies across the world. Cogito has also been purchased by human resource companies and other private enterprises involved in the acquisition, sale and distribution of valuable commodities. According to the press release, the announced sale is the second to a private enterprise in the past two months.

 

“Diamond theft is a major issue in the diamond mining industry, leaving a sizeable mark on companies’ profit and loss sheets,” said Suspect Detection Systems Ltd. CEO Shabtai Shoval. “Based on the dialogue we had with our customer, we were able to customize the Cogito system to identify the threat of internal diamond theft. The ability to detect employees involved in criminal activity can lead to a reduction in theft, and acts as a deterrent against future criminal activity.”

 

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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.