August 10, 2010 (FinancialWire) — Suspect Detection Systems Inc., (OTCBB: SDSS), a developer of counter terrorism and crime prevention technology, said that its subsidiary Suspect Detection Systems Ltd. has sold multiple units of its Cogito rapid interrogation system to a human resource company operating in Central America and Mexico.

According to Suspect Detection, the customer is an investigative enterprise that was recently established to provide clients with Cogito based services. The client will use cogito technology to conduct pre-employment applicant screenings, internal threat and loss prevention screenings, as well as corporate internal investigations.

Suspect Detection said that the new enterprise is the sister company of a long-standing human resource company active throughout Latin America.

The Cogito automated system is sold as a means of quickly exposing the hostile intent of potential employees who may be connected to crime organizations, or have a history of criminal activity.

Suspect Detection said that a six-digit down payment has been advanced to the company for delivery of the system units. In addition, the sale features a revenue sharing model whereby Suspect Detection Systems and the private enterprise will divide income from each individual applicant screening.

The company said that this transaction is its first multiple unit sale to a private enterprise operating in Central America. The sale follows an earlier contract with the same entity.

According to Suspect Detection, Cogito is already being utilized by federal law enforcement agents in various Latin American countries including Mexico.

New York-based Suspect Detection Systems offers counter terrorism and crime prevention technology designed to identify threats in real-time, and prevent incidents before they are carried out.

Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate (at http://investrend.stocksmart.com/ss/html/hpcompany.html). Current valuation analysis research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate (at http://www.valuengine.com/rep/searchsrep?pid=42&srchfor=).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public other companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation from subject entities, companies, equities, or representatives thereof, for its news, opinions or distributions. Further disclosure is posted at the FinancialWire(tm) website (at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire(tm) website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Copyright © MMX, FinancialWire(tm); All rights reserved.

[hlmsmlh] [scrtytrcs] [nwdlsldw] [bsnnssb] [dvcmntnmc] [ntrntnlcmpnsbsnss] [ltnmrcrmntl]

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.