IDN Shares Skyrocket After N.Y. Senator Touts Product

Shares in Intellicheck Mobilisa Inc. soared 75 percent in trading Monday after a U.S. senator from New York hinted that all or part of a $50 million contract could be headed to the Port Townsend company.

At a Monday press conference at Intellicheck Mobilisa’s New York office, Sen. Charles Schumer, D-N.Y., said the U.S. Department of Homeland Security could increase security measures at New York City area airports. Intellicheck Mobilisa makes security systems for access control at airports, government and commercial buildings and military installations.

Schumer said that there’s $50 million in funding available for a pilot program to incorporate a new scanning device at airports and he recommended to the Homeland Security Department that the funds be used to buy technology such as Intellicheck Mobilisa’s “Defense ID System.”

Shares in Intellicheck Mobilisa (AMEX: IDN) rose 90 cents to close at $2.10 in Monday trading.

Source: Puget Sound Business Journal (Seattle)

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