ISA's Duos Technologies Awarded Contract from Raytheon Intelligence, Information and Services
TSA Funded Intermodal Security Program
JACKSONVILLE, FL / ACCESSWIRE / May 19, 2015 / Information Systems Associates Inc.'s (OTC Markets: IOSA) wholly-owned subsidiary Duos Technologies ("duostech"), a provider of intelligent security analytical technology solutions, has been awarded a contract by Raytheon Intelligence, Information and Services (IIS) to provide a Railway Undercarriage Screening System in accordance with a Task Order established by the Transportation Security Administration (TSA) for conducting a series of pilot programs to improve Intermodal Security at a variety of transportation focal points within the United States and its territories.
This award will utilize Duos Technology's Vehicle Undercarriage Examiner vue(TM) system in support of a Railway Undercarriage Screening demonstration deployment at a target test site identified within the Amtrak Rail system.
"Our Vehicle Undercarriage Examiner vue(TM) system has demonstrated the ability to meet the demands that address sophisticated and complex threats," stated Felix Krupczynski, EVP & GM for ISA Duos Technologies. "It is the latest security technology for real world environments and a prime example of new and innovative technology that helps us stay ahead of those intending to harm our nation."
The vue(TM) system is part of Duos Technology's proprietary Railcar Inspection Portal technology, the Company's latest innovation that combines several of its intelligent technologies and sub-systems using analytical algorithms to process and evaluate a broad range of data from multiple sensor technologies.
Gianni Arcaini, Chairman and CEO of ISA Duos Technologies, stated, "This awarded contract is strategically very significant as it transforms our intelligent security analytical technology solutions that has already been validated in the freight rail environment to the transit rail sector. We expect that there will be a significant shift in focus of Government funding to transit rail safety and security in the very near future, especially in light of the many recent incidents surrounding rail transit operations."
About Information Systems Associates Inc./Duos Technologies Inc.
Information Systems Associates Inc. (OTC Markets: IOSA), based in Jacksonville, FL, provides intelligent security analytical technology solutions with a strong portfolio of intellectual property. Its Duos Technologies' core competencies include advanced intelligent technologies that are delivered through its proprietary integrated enterprise command and control platform, centraco(TM). The Company provides its broad range of technology solutions with an emphasis on mission critical security, inspection and operations within the rail, utilities, petrochemical, healthcare, and hospitality sectors. ISA also offers IT, professional services and consulting services for information technology projects.
Forward-Looking Statements
This press release contains forward-looking statements that involve substantial uncertainties and risks. These forward-looking statements are based upon our current expectations, estimates and projections and reflect our beliefs and assumptions based upon information available to us at the date of this release. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including but not limited to, the success of the pilot program involving our technologies and, even if successful, our ability to obtain purchase orders therefrom, the success of our efforts to develop our proprietary Railway Undercarriage Screening System solutions to meet changing needs, the market acceptance of our technology solutions, our ability to tap into the relevant potential markets, the sufficiency and availability of working capital and general changes in economic conditions. Further information on our risk factors is contained in our filings with the SEC, including the Form 10-K for the year ended December 31, 2014. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to revise or update any forward-looking statement for any reason.
Contacts:
Corporate
Jean Martin
904-652-1601
jmm@duostech.com
Investors Relations
Hayden IR
917-658-7878
hart@haydenir.com
SOURCE: Information Systems Associates Inc.
Released May 19, 2015