Intellicheck Mobilisa, Inc. (NYSE MKT:IDN), a global leader in identity
solutions and wireless security systems, appointed William H. Roof,
Ph.D., its current Chief Operating Officer, to the roles of President
and Chief Executive Officer, effective October 1, 2014. Dr. Roof will
replace Nelson Ludlow, Ph.D., who will be retiring from the Company.
Upon his retirement, Dr. Ludlow will become a Strategic and Technical
Advisor to the Company. Additionally, Bonnie Ludlow will retire from the
position of Senior Vice President and will serve as a Government
Contracting Advisor to the Company, effective the same day. Both Nelson
and Bonnie Ludlow are resigning their positions on the Board of
Directors effective September 30 as well.
Dr. Roof, who has more than 30 years of engineering and leadership
experience in the civilian and military sectors, rejoined Intellicheck
Mobilisa in August after previously serving as the Company’s Senior Vice
President and Chief Scientist from May 2009 to April 2011.
Admiral Michael D. Malone, Chairman of Intellicheck Mobilisa, said, “Dr.
Bill Roof has a strong resume in leading technical teams. He has a Ph.D.
from the Naval Postgraduate School in software engineering, and has
worked at Intellicheck Mobilisa before and has a keen understanding of
the business. The Board unanimously chose Bill to lead the Company after
Nelson’s forthcoming retirement. We have full confidence in Bill’s
capabilities and believe that he is the right person to lead our
technology company.”
Dr. Ludlow said, “I congratulate Bill Roof on his promotion to CEO. This
was the logical choice for the Company; he knows our products, he knows
our clients and he knows our business. I feel confident in his ability
to take Intellicheck Mobilisa to the next level.”
Dr. Roof added, “I wish to thank the Board for their confidence. I look
forward to continuing the new initiatives the Company began in 2014,
with focus on recurring revenues and a larger professional sales force.
With the recent addition of two new Board members, I particularly look
forward to expanding our efforts in law enforcement. The Fugitive Finder
product shows great promise. We will investigate and potentially pursue
new markets such as health care, pharmacies and education. I look
forward to speaking with our shareholders on the conference call
tomorrow.”
Intellicheck Mobilisa will be hosting a conference call on September 23,
2014 at 1:00 pm ET/10:00 am PT to discuss the change in management. To
listen to the conference call, please dial 877-407-8037. For callers
outside the U.S., please dial 201-689-8037. For those unable to
participate in the live conference, a recording will be available for 48
hours after the call. The rebroadcast can be accessed by dialing
877-660-6853 and 201-612-7415 for international callers. The conference
replay ID is 13591620.
The conference call will also be simultaneously webcast, and can be
accessed at: http://www.investorcalendar.com/IC/CEPage.asp?ID=173226.
The webcast will be available for 14 days following the conference call.
About Intellicheck Mobilisa
Intellicheck Mobilisa is a leading technology company providing wireless
technology and identity systems for various applications, including
mobile and handheld access control and security systems for the
government, military and commercial markets. Products include the
Defense ID system, an advanced ID card access control product currently
protecting military bases and secure federal locations; ID Check, a
patented technology that instantly reads, analyzes, and verifies encoded
data in magnetic stripes and barcodes on government-issued IDs, designed
to improve the Customer Experience for the financial, hospitality and
retail sectors; barZapp™, an ID-checking mobile app that allows a user’s
smartphone to check an ID card. For more information on Intellicheck
Mobilisa, please visit www.icmobile.com.
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.
Copyright Business Wire 2014