Intellicheck Mobilisa, Inc. (NYSE MKT:IDN), a global leader in identity
solutions and wireless security systems, has signed a new one-year
revolving credit facility with Silicon Valley Bank for $2 million,
replacing its previous credit facility with that bank.
Brian Boatman, Managing Director of Silicon Valley Bank’s Seattle
office, stated, “We are pleased to continue our relationship with
Intellicheck Mobilisa. We began working with the company three years
ago, and aim to provide the right financial services at the right time
as we’ve seen them build on their technologies and grow their business.”
Bill Roof, Ph.D., president and CEO of Intellicheck Mobilisa, said, “We
are happy to have the backing of Silicon Valley Bank, and continue our
banking relationship with them. They have expertise in the needs of
growing technology companies and a great service orientation. We, too,
are pleased that they have opted to continue to be our lender of choice
as we implement our growth plans.”
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 Defense ID®,
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.
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Copyright Business Wire 2014