Intellicheck Mobilisa, Inc. Message Board

;-) ;-)

Use of near shore monitoring buoys in the great lakes. :)

looks like 90 minutes long!

Is this why the apparent fake bump and drop? How come none of you pretend experts post real info like this? ;-)

Dr. Nelson Ludlow is on the phone to talk about his previously classified technology, and the first thing I ask him is why he's suddenly decided to talk now. But somehow I already know the answer. "Deterrence, primarily, we want to get the word out there about what we're capable of," he says. Ludlow is a proven Artificial Intelligence expert and a former Air Force pilot and intelligence officer. Upon his exodus from the gauntlet of military service he pinballed around Academia — Washington State, University of Edinburgh, Scotland, and Cambridge. Eventually he founded a company called Mobilisa, Inc., now known as Intellicheck Mobilisa, which specializes in mobile technology. You know those sensors that tell gigantic nightclub bouncers the bubbly teen with the fake ID really isn't 21 and isn't named Betsy Ross? Well, somehow, those scanners evolved into counter-terrorism sea buoys capable of reaching inside every shipping container that enters American ports. "How we do it is still classified, sure, but that we can do it isn't classified," says Ludlow to explain the apparent shift in transparency. Ludlow's company eventually (some might say inevitably) progressed into the defense side of things, even helping the intelligence and military services adopt their own CAC card, a smart card that electronically IDs the user. Ludlow recalls the all-out scramble to lockdown the ports that followed the frenzied Post-9/11 realization that authorities inspected a whopping 2 percent, yes two percent, of shipping containers crossing into U.S. ports. That was in 2002, since then as part of a grand initiative, the Department of Homeland security has tried many options, one of which was to install sensors on the cranes. That wasn't enough to satisfy Ludlow and his team. Not only are the sensors less accurate, but they're way too close.

"There are choke points in the water leading up to ports, and ships have to go through them. If we can put (bouys) out there farther out, we'd have more time to make decisions," says Ludlow. The buoys can come equipped with cutting edge IR sensors and radiological sensors, and they're not just a passive scan, they actively scan everything in their path. "They can look generally in an area, but there is also some directionality in the sensors. They can pin point where sources are coming from, and reach into certain containers," says Ludlow. The information is then relayed back to what Ludlow equates to a mall surveillance office: a central area where 'watchers' can scan the information themselves. The WiFi-like connection, developed during the company's previous Research and Development into ship-to-ship communication, is almost instant — and its pooled between every bouy in a complete, secure network. "It's 100 megabytes a second. No satellites. You could plug in Netflix or movies [on the bouy] and move it right back to the shore," he says. Ludlow says the tech, which can sustain itself in the sea for long periods of time, can save border patrol boats, Navy boats, and Coast Guardsmen, from patrolling around the expanse of the ocean, looking for ne'er-do-wells. Whether it's human trafficking, or a dirty bomb, anyone using this tech can keep a watchful eye. "Homeland security checks at the same time. It's not covert, it's right out in the water," Ludlow says.

PORT TOWNSEND — A Securities and Exchange Commission investigation of trading and security practices by Intellicheck Mobilisa will not affect the day-to-day operations of the high-tech ID-verification and wireless security company based in Port Townsend, the company’s president and CEO said Tuesday.

“The company itself is not under investigation,” Nelson Ludlow said.

“There were some questions about trades, and we asked the SEC to step in.

“We are cooperating with them and giving them whatever they need.”

Mobilisa co-founder Ludlow took over as CEO from Steve Williams following the company’s Nov. 8 financial report in which it disclosed that it lost $381,296 on revenue of $2.1 million for the quarter ended Sept. 30.

Williams succeeded Ludlow as president and CEO of Intellicheck Mobilisa, based at 191 Otto St., in April 2011.

Ludlow said Tuesday that he has been advised by attorneys not to discuss specifics of the case, including any possible relationship between the SEC probe and Williams’ departure.

During a Nov. 8 conference call when the losses were announced, several stockholders expressed disappointment with the company, specifically its stock transactions, which come under the purview of the SEC.

Stockholder Sandra Haines questioned Williams specifically about the sale of nearly 200,000 shares for more than $350,000 and that he exercised the options at about $100,000.

“That means you took a profit of about a quarter of a million dollars,” she said.

“My real complaint is you did this only six days before the end of the quarter, and you tell us today that this is a terrible quarter. ”

“I’m wondering if this maybe is a little bit of insider information, and why did you dump your stock like this?”

Williams in the recorded conference call answered that he sold shares to cover his stock options.

“My selling the stock wasn’t a taking of profit; it actually was the acquisition of additional shares,” Williams said.

“I had expiring options, so I in fact paid the company for my shares.

“My share position is actually higher now than what I had previously.”

Investor David Rich criticized the company’s performance as it relates to the selling of stock.

“I’ve been in this stock for eight years. You have underperformed every single quarter,” he said.

“All of you are just selling stock, and we shareholders are stuck. And this report tells us that this stock is going to zero unless you guys get on the stick.”

Ludlow would not comment as to whether Williams’ trades were related to the SEC inquiry.

He said he could not speculate about the length of the SEC investigation but said he expected a positive outcome for the company.

In a written statement, the company stated that it “takes all securities laws and SEC regulations very seriously and is cooperating with the SEC’s inquiry.”

NO? ;-)

Intellicheck Mobilisa Appoints Mark Armstrong as SVP of Sales

Over 10 Years of Experience in Business Development and IT to Benefit Company

PORT TOWNSEND, Wash.--(BUSINESS WIRE)--Intellicheck Mobilisa, Inc. (NYSE MKT: IDN) ("the Company"), a global leader in access control and wireless security systems, has appointed Mark Armstrong as Senior Vice President of Sales.

Retire 76% Richer by NOT Filling Out this Form A simple technique can boost your Social Security payout by as much 76% It’ l t l l l b t t A i f t t Mr. Armstrong, 54, has an extensive background in leading sales and business teams. Until 2011 he was Senior Business Development Specialist at Mortgage Advisory Group in Everett, WA, where he developed and established a new business development department, increased territory expansion, and grew production nearly 200 percent over goal, resulting in the company becoming the area's largest private financial institution. Prior to this, he served as National Business Development/Sales Manager at American Reporting Company in Bothell, WA, where he directed and managed sales/strategic growth planning and launched IT software and e-commerce applications, leading to the company being recognized as one of the industry's fastest-growing IT service providers. While in this position, he led a team collaboration to customize IT solutions, generating first-year sales of $3.6 million, and helped establish five regional offices. Earlier, he worked as Senior Business Development/Sales Manager at Consolidated Information Services in Allamuchy, NJ, where he created and directed a new regional startup IT solution sales operation, oversaw global account development, and launched IT software and e-commerce applications. Mr. Armstrong earned a bachelor of science degree from Washington State University.

Nelson Ludlow, Ph.D., President and CEO of Intellicheck Mobilisa, said, "When I assumed the roles of President and Chief Executive Officer last month, one of my first and most important goals was to hire a senior manager to lead our sales team. Mark Armstrong is the right person for this position. He possesses many talents—he is smart, is an open and effective communicator, possesses a high level of integrity, and has significantly increased sales at his former companies. We look forward to working with him as we complete partnership agreements and increase emphasis on closing sales."

Mr. Armstrong said, "Intellicheck Mobilisa continues to serve as a leader in the arena of identity and wireless solutions. I have witnessed the need for ever-greater innovation within these fields, and I believe the demand will continue to grow in future years. Intellicheck Mobilisa is uniquely positioned to satisfy this need, and I believe it has the potential to be a dominant force in this space. I look forward to leading the sales team and working with the rest of management as the Company moves ahead."

Sentiment: Hold

sure you don't..... ;-)

didn't General Dynamics end up buying them out? After that huge run that is... :)