PORT TOWNSEND — Mobilisa, the Port Townsend technology firm that brought wireless Internet to Washington ferries and a hand-held wireless device to U.S. military-base identification-card checks, has completed its merger with Intelli-Check.
Now known as Intelli-Check-Mobilisa, the merger takes Mobilisa public, trading under the IDN symbol on the American Stock Exchange.
Intelli-Check-Mobilisa’s stock quote at closing Friday was at $3.20 a share.
“I’m really excited about it,” said Nelson Ludlow, Intelli-Check-Mobilisa president and CEO, interviewed from his Washington, D.C. office, where the Port Townsend resident spends about half his time these days.
“This is an opportunity for us to become a bigger, more well-known company.”
The merger was formally completed March 14, with approval from the Securities and Exchange Commission and the company’s shareholders.
The deal was valued at $50.7 million, said Ludlow, and moves 25 Intelli-Check employees from that company’s former base at Woodbury, N.Y., to Port Townsend, where Mobilisa has its headquarters at Glen Cove Industrial Park on Otto Street.
“We want to grow the company on the Olympic Peninsula,” Ludlow said.
