- Posted March 8, 2014 by
Global Security Concerns Position IDO Security (OTC: IDOI) for Entry to the $22.3B Aviation Security Market
In addition to global security concerns, many airports are worried about gold, drug, and other substance smuggling as well. Shoes have been a common hiding place for smugglers, due to the ability to easily create hidden compartments within a pair of shoes. Some countries are already seeking out means to combat these smugglers and security threats.
In India, the CISF, which is tasked with protecting travelers in 59 airports throughout the ever-growing country, has been looking into shoe scanning technology, which will thoroughly examine a pair of shoes to search for contraband. These shoe scanners would not require travelers to remove their shoes in order to pass through security, they would simply be required to walk slowly through the scanner. The contract size to the selected security technology firm could be upwards to $9 million initially, and many other countries are currently seeking out similar technologies to protect their travelers.
One potential candidate for the CISF to examine is IDO Security (OTC: IDOI), a company that has developed several technologies to quickly screen for contraband, among which includes the MagScan. The MagScan accurately detects threats concealed in a pair of shoes without requiring the shoes to be removed. This technology could expedite the security checkpoint system while increasing security for travelers.
IDO Security is currently trading on the OTC markets under the ticker symbol IDOI. They closed Friday's trading session at $0.01 per share and have a market cap of only $199,865. Investors have become excited by the company's opportunity.