PRESS RELEASE
Oct. 22, 2010, 1:43 p.m. EDT
Intellicheck Mobilisa Ranked 230th Fastest Growing Company in North America on Deloitte’s 2010 Technology Fast 500(TM)
Attributes its 421 Percent Revenue Growth to Deepening Customer Relationships, Expanded Product Line and Enhanced Sales Capacity
PORT TOWNSEND, Wash., Oct 22, 2010 (BUSINESS WIRE) — Intellicheck Mobilisa, Inc., a global leader in access control and wireless security systems, today announced that it ranked 230th on Technology Fast 500(TM), Deloitte’s ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2005–2009.
Intellicheck Mobilisa grew 421 percent during this period. Intellicheck Mobilisa’s chief executive officer, Dr. Nelson Ludlow credits deepening relationships with both the military and civilian client base within government and within the private sector, a broadening product line and the expansion of Intellicheck Mobilisa’s sales force with the company’s 421 percent revenue growth. He said, “For the second consecutive year, Deloitte has honored us in this way, recognizing Intellicheck Mobilisa’s success as one of North America’s fastest growing technology firms.”
Dr. Ludlow added, “We believe Intellicheck Mobilisa has achieved its position as leader in access control and identity verification thanks to our growing sales success developed by an expanding team of sales professionals who have continuously built relationships with our customers. We are supporting them with a broadening catalog of products that now includes our Defense ID access control system, our Transportation Worker Identity Credential [TWIC] reader offering, our Fugitive Finder device for law enforcement, and our wireless buoy port security system. We expect to add to this product line and to our revenues in the coming months.”
“Intellicheck Mobilisa and the other 2010 Technology Fast 500(TM) winners forged ahead in a challenging economic environment to realize exceptional growth,” said Phil Asmundson, vice chairman and Deloitte’s U.S. technology, media and telecommunications leader. “Deloitte commends Intellicheck Mobilisa for this impressive accomplishment.”
“Intellicheck Mobilisa has proved itself to be one of the fastest growing tech companies in North America, and we are proud to honor them as one of the 2010 Technology Fast 500(TM),” said Mark Jensen, managing partner, venture capital services, Deloitte & Touche LLP.
For additional detail on the Technology Fast 500(TM) including selection and qualifying criteria, visit www.fast500.com.
About Intellicheck Mobilisa
Intellicheck Mobilisa is a leading technology company, developing and marketing wireless technology and identity systems for various applications including: mobile and handheld wireless devices for the government, military and commercial sectors. Products include the Defense ID system, an advanced ID card access control product currently protecting over 80 military and federal locations, and ID-Check, patented technology that instantly reads, analyzes, and verifies encoded data in magnetic stripes and barcodes on government-issue IDs from U.S. and Canadian jurisdictions for the financial, hospitality and retail sectors.
Safe Harbor Statement
Certain statements in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. When used in this press release, words such as “will,” “believe,” “expect,” “anticipate,” “encouraged” and similar expressions, as they relate to the company or its management, as well as assumptions made by and information currently available to the company’s management identify forward-looking statements. Actual results may differ materially from the information presented here. Additional information concerning forward looking statements is contained under the heading of risk factors listed from time to time in the company’s filings with the SEC. We do not assume any obligation to update the forward-looking information.
As used in this document, “Deloitte” means Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
SOURCE: Intellicheck Mobilisa, Inc.
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Intellicheck Mobilisa, Inc.
Kenna Pope, 360-344-3233 ext 119
Kenna.Pope@icmobil.com
or
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