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Without a doubt, the most annoying thing about flying these days is the fact that you have to take your shoes off when clearing security: The whole idea is very archaic.

IDO Security (IDOI.OB) has created a solution to this time wasting annoyance with the development of their shoe scanning machines ALREADY being used at airports all over the world, including in Tel Aviv, Israel’s international airport, probally most secure airport in the entire world!

IDOI.OB develops solutions for shoes-on weapons metal detection – filling a critical void in the market by extending security screening to the lower body and feet. Their flagship solution, the patented SSD (Shoe Scanning Device) Magshoe™ system, instantly and accurately detects metal items concealed on or in footwear, ankles or feet without requiring the removal of shoes.

IDO Security, Inc. is headquartered in New York with a subsidiary, IDO Security Ltd., located in Israel. The company produces the MagShoe in its main manufacturing facility in Rishon LeZion, Israel and offers local sales and support via a worldwide network of industry-leading distributors and system integrators. Designed for security and loss prevention at high-security venues and checkpoints, IDO Security’s products are currently in use at international airports, cruise lines, government agencies and more.

IDOI.OB is getting ready to commercially launch their 2nd generation scanner with considerable improvements over the first one. Responding to their customers suggestions during the trials, they have added numerous features, which will enable them to capture the entire market quite quickly as it is now up to the standards of most security agengies and airports.

Just recently, IDO Security started the roll-out of the next generation product with the signing of a deal between IDO and ORMAX Tecnologia em Seguranca of Brazil, a distributor they will use in the sale of their revolutionary shoe scanner for the South American markets.

Read the PR here:

http://finance.yahoo.com/news/IDO-Security-Inc-Signs-iw-1317567734.html?x=0&.v=1

From our estimation, there is about 50,000 large commercial airports around the world. Also from our estimation, each airport would require about 4 of these units adding up to about 200,000 units for IDOI.OB, which could translate into huge revenue figures.

When a disruptive technology without any competition enters its commercialization phase, it usually paints a very bullish picture for the stock (if they are public!). History has shown that technologies like these are usually acquired by large security/ defense companies who are always looking to acquire growth, and with current corporate balance sheets of the largest companies brimming with cash, acquisitions are the smartest use of capital to grow shareholder returns.

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